Page 3532 - Company News
Shares of HDIL hit lower circuit; have lost over 50% in 17 trading sessions
Stocks hit 52-week low on Wednesday after reports said the auditors of the realty firm may be included in the ongoing PMC bank scam probe
 "Shares of HDIL hit lower circuit; have lost over 50% in 17 trading sessions")
GoAir to expand flight network, connect Singapore with Bengaluru, Kolkata
Singapore will be the airline's eighth overseas destinations, while Aizwal the 25 domestic one, GoAir said in a release.
 "GoAir to expand flight network, connect Singapore with Bengaluru, Kolkata")
Rural India's e-Governance wing targets FMCG sales of Rs 100 crore
This would be a ten-fold growth over the last financial year, when CSCs had logged total sales worth Rs 10 crore
 "Rural India's e-Governance wing targets FMCG sales of Rs 100 crore")
Tata Motors launches Tigor EV with extended range at Rs 944,000
The vehicle, which now comes with 213 km of range, qualifies for incentives under the FAME II scheme for commercial usage.
 "Tata Motors launches Tigor EV with extended range at Rs 944,000")
Realty firms may raise over $25 bn in 3 years via REITs: Anarock report
Earlier this year, global investment firm Blackstone and realty firm Embassy group launched India's first REIT to raise Rs 4,750 crore
 "Realty firms may raise over $25 bn in 3 years via REITs: Anarock report")
How Tata Coffee is tapping into India's growing love for the beverage
As coffee drinking picks up in the country, Tata Coffee plans a fresh offensive with Monsooned Malabar
 "How Tata Coffee is tapping into India's growing love for the beverage")
Price of key diabetes drug may crash as Novartis risks losing patent
A look at the top 10 brands of Novartis in India shows that mature brands like Voveran and Calcium Sandoz are clocking low single-digit growth
 "Price of key diabetes drug may crash as Novartis risks losing patent")
The struggle to keep IL&FS story intact a year after new board took over
The board expects to recover or resolve at least 50% of group's domestic debt; InvIT model likely for entities that have received low or no bids
 "The struggle to keep IL&FS story intact a year after new board took over")
Why India's advertising market is losing space: Explained in four charts
Despite being a consumption-led economy, India's advertising market contributes just about 0.38 per cent to the country's GDP
 "Why India's advertising market is losing space: Explained in four charts")
Are Indians going to the movies to escape slowdown? PVR's CEO thinks so
If Gianchandani's prediction is correct, PVR would be defying a slump that has dented demand for almost everything from 7-cent cookies to cars
 "Are Indians going to the movies to escape slowdown? PVR's CEO thinks so")
E-tailers may have sold Rs 19,000-cr goods during festive sale: Redseer
According to the consultancy firm, Flipkart continued to lead the festive sales in GMV terms, with 60-62% standalone gross GMV share during the sale event
 "E-tailers may have sold Rs 19,000-cr goods during festive sale: Redseer")
Escorts scrip bounces back to register 19% rise on seasonal tractor demand
Even as the sector's volumes fell by 1% over the year-ago period due to heavy rains, Escorts reported 2% increase. The near-term outlook for the sector remains strong
 "Escorts scrip bounces back to register 19% rise on seasonal tractor demand")
One sector that's looking up: Airlines are buying planes, slashing prices
According to an industry estimate, scheduled carriers in India will add at least 30 aircraft by the year end, of which 20 would come in by the first week of November
 "One sector that's looking up: Airlines are buying planes, slashing prices")
No Tata Nano production in first 9 months of 2019, just 1 unit sold
It has, however, admitted that in its current form the Nano will not meet the new safety regulations and BS-VI emission norms
 "No Tata Nano production in first 9 months of 2019, just 1 unit sold")
Slowdown blues: Q2 Nifty50 earnings may decline despite corporate tax cut
Combined net profit of Nifty50 companies expected to fall 3.4%
 "Slowdown blues: Q2 Nifty50 earnings may decline despite corporate tax cut")
Reliance Jio's festive offer of low-priced phone led by piling inventory
Last week, Jio, telecom arm of Reliance Industries, said it would during the Dussehra and Diwali period make the JioPhone available for a special price of Rs 699
 "Reliance Jio's festive offer of low-priced phone led by piling inventory")
Fundamentals improving, but stake sale remains a major overhang for NTPC
Though growth in regulated equity led by capacity expansions will drive earnings, coal supplies impacted by monsoon can lead to rise in under-recoveries during September quarter
 "Fundamentals improving, but stake sale remains a major overhang for NTPC")
Data processing compliance likely to delay WhatsApp Pay launch in India
The government, on several occasions, has made it clear that Indian financial data needs to be stored exclusively onshore and if it is processed outside, it needs to be brought back in 24 hours
 "Data processing compliance likely to delay WhatsApp Pay launch in India")
Flipkart plays big on fitness, sportswear as demand grows in tier-2 cities
The e-commerce platform is banking on an increasing sports and fitness clientele to make itself relevant across new towns
 "Flipkart plays big on fitness, sportswear as demand grows in tier-2 cities")
Nissan Motor picks Makoto Uchida as CEO, Ashwani Gupta as COO: Report
The India-born Gupta is currently COO of alliance junior partner Mitsubishi Motors Corp.
 "Nissan Motor picks Makoto Uchida as CEO, Ashwani Gupta as COO: Report")