Page 3539 - Company News

NoBroker.com raises Rs 350 crore in Series-D funding led by Tiger Global

The plan is to expand to around 20 cities over the next few years

E-commerce platform Udaan raises $585 mn from Tencent, Footpath Ventures

Udaan said it enables small manufacturers, farmers, mills, and brands to sell their products across the country at low costs, with 100 per cent payment security and transparency

Cox & Kings faces cash crunch, cancels Europe tours; panic among employees

It has already defaulted on loan repayments and closed some of its overseas branches because of cash crunch

DLF settles Rs 8,700 crore amount payable to JV with Singapore-based GIC

At the end of 2018, DLF owed Rs 8,700 crore to DCCDL and the amount payable came down to Rs 5,600 crore by July 1, 2019.

EESL crosses one crore LED streetlights mark, next stop villages

The installation of 1 crore LED streetlights has resulted in annual energy savings of 6.71 billion kWh, resulting in cost savings of approximately Rs 5,570 crore annually, as per EESL

Orthodox tea prices to firm up ahead of seasonal decline in Q4: ICRA

The drop happens because the quality of tea produced declines towards the end of the season subsequent to supply-demand situation

Diagnostic players ride on changes in health insurance to beat slowdown

Metropolis, Dr Lal and Thyrocare are likely to see more gains led by expansion, increasing penetration, preventive testing and government's Ayushman Bharat scheme

Output moderation may come from large players: JSW Steel's Seshagiri Rao

77% of the steel that has come into India in August was at zero per cent duty, says Rao

Street bullish on Concor's prospects following likely stake sale by govt

Volume gains from dedicated freight corridor remains the key stock driver

Snapdeal's digital gift card sales rise 300% during festive season

Snapdeal's digital gift cards can be used both online and in physical stores of leading brands and are valid up to one year

Tax rate cut to bring comforting times for investors of Page Industries

A likely volume recovery in the second half of FY20 and relatively reasonable valuation should support further upside in the stock

Corporate tax cut can improve India Inc dividend by 40%: ICICI Securities

ONGC, BPCL, Coal India, Hero Motocorp, NMDC, Power Grid and Infosys are the top picks for the brokerage in the high-dividend space

PVR, D-BOX offer top-level motion seats to wean customers off OTT platforms

Your seats at the theatre will move in sync with the actors' gravity-defying stunts on screen

Airtel drives telecom sector's AGR to 5-quarter high to 8.8% in Q1FY20

While Vodafone Idea continued to show negative AGR growth (-6%) and Jio (9%) remained stable

Mahindra Lifespaces eyes half a dozen stressed projects in three cities

MD Sangeeta Prasad said the company would scale up business, take debt selectively and float more platforms

NCLAT sets aside insolvency plea of bauxite exporter Ashapura Minechem

The appellate tribunal observed that plea to initiate insolvency against it was filed by Ashapura Minechem under Section 10 of the IBC without any prior approval of the AGM

ITC launches first multilayered plastic collection, recycling drive in Pune

These multiple layers prevent food contamination and help in transport and storage

Coal India output sinks to 6-yr low in September as monsoons flood mines

Shipments dropped 20 per cent to 35.18 million tons, the lowest in five years

Religare to sell entire stake in NBFC arm to TCG Advisory for Rs 330 cr

REL in July 2019 had signed a binding term sheet with TCG Advisory Services to sell its NBFC and housing finance businesses

Samsung ends mobile production in China, shifting plants to India, Vietnam

The shutdown of Samsung's last China phone factory comes after it cut production at the plant in the southern city of Huizhou in June and suspended another factory late last year