Page 3540 - Company News
Corporate tax reduction signals intent for reform, says CEA Subramanian
He also said GST tax collection varies with the nominal rate of GDP in the economy and there has been some slowdown in it
 "Corporate tax reduction signals intent for reform, says CEA Subramanian")
Student housing, retirement homes, co-living will help realty grow: Parekh
"They are also getting into warehousing, including for food, data, commodities etc. Warehousing is a big business now," Parekh also added
 "Student housing, retirement homes, co-living will help realty grow: Parekh")
Parle eyes Rs 100 cr in sales from relaunch of Rol.a.Cola candy in 1 year
Parle seeks to be on a roll with Rol.a.Cola comeback, eyes Rs 100 cr sales in 1st year
 "Parle eyes Rs 100 cr in sales from relaunch of Rol.a.Cola candy in 1 year")
Power gencos' outstanding dues on discoms rise 57% to Rs 78K cr in August
Power producers give 60 days' time to discoms for paying bills for the supply of electricity. After that, the outstanding becomes overdue and generators charge penal interest on that in most cases
 "Power gencos' outstanding dues on discoms rise 57% to Rs 78K cr in August")
Auto crisis: Business condition is becoming 'critical', says Toyota
It has announced no production for four days at its factory in Karnataka, due to market conditions. There will be no production at plants I and II on October 3, 4, 5 and 9
 "Auto crisis: Business condition is becoming 'critical', says Toyota")
Visa, Mastercard waver as Facebook's Libra faces regulatory heat
Facebook announced plans to launch the digital currency in June 2020, in partnership with other members of the Libra Association set up by the U.S. tech giant to manage the project
 "Visa, Mastercard waver as Facebook's Libra faces regulatory heat")
IndiGo promoter feud: Rahul Bhatia seeks arbitration against Rakesh Gangwal
In a filing to the stock exchanges on Tuesday, InterGlobe Aviation said the two entities have submitted a request for arbitration on October 1 to the London Court of International Arbitration
 "IndiGo promoter feud: Rahul Bhatia seeks arbitration against Rakesh Gangwal")
UPI bucks slowdown, records highest ever volume in September at 955 mn
Total value of transactions surpasses Rs 1.6 trillion, or 4.5% higher than that achieved in August
 "UPI bucks slowdown, records highest ever volume in September at 955 mn")
CapitaLand eyes to double AUM to Rs 36,000 crore in next five years
To achieve the target, CapitaLand will invest capital to grow development pipeline and work with capital partners to grow fund management business in the next five years
 "CapitaLand eyes to double AUM to Rs 36,000 crore in next five years")
We are forced to cut ring time to 25 seconds to counter Jio, says Airtel
It said there was directive from the Trai on the issue and hence the firm is left with no choice but to reduce ring time
 "We are forced to cut ring time to 25 seconds to counter Jio, says Airtel")
We'll recover at least 50% of group's debt by March 2020, says IL&FS
The group is in the process of addressing Rs 36,400 crore of debt till date, of which recovery or resolution of at least Rs 30,000 crore is expected, it says
 "We'll recover at least 50% of group's debt by March 2020, says IL&FS")
Bharti Airtel plans to raise up to $1 bn via bond issue to reduce debt
Bharti Airtel has appointed a clutch of bankers as joint bookrunners and joint lead managers to organise a series of fixed income investor meetings
Trai prescribes rate of Rs 6.46 for mobile number portability service
The regulations would come into effect from November 11, 2019
 "Trai prescribes rate of Rs 6.46 for mobile number portability service")
M&M to steer Ford's India operations, form 51:49 JV to cut risks and costs
Ford will gain from M&M's cost competitiveness and frugal engineering
 "M&M to steer Ford's India operations, form 51:49 JV to cut risks and costs")
Trai's plan to extend IUC regime will disincentivise 4G upgrade, says Jio
Telco also contests incumbents' claim that move will help them financially
 "Trai's plan to extend IUC regime will disincentivise 4G upgrade, says Jio")
SoftBank Vision Fund looks to acquire 3.28% more stake in Delhivery
In February, CCI had approved SVFD's subscription to compulsorily convertible preference shares amounting to 22.44% of the total shareholding of Delhivery
 "SoftBank Vision Fund looks to acquire 3.28% more stake in Delhivery")
Car sales continue to slide in Sept despite heavy discounts and offers
Industry executives were optimistic about buyer enquiries, which have picked up, translating into sales as Diwali draws closer
 "Car sales continue to slide in Sept despite heavy discounts and offers")
Forever 21 debacle signals eroding power of malls, shift in consumer tastes
Forever 21, which said e-commerce made up 16 per cent of its sales, saw its revenue drop to $3.3 billion last year
 "Forever 21 debacle signals eroding power of malls, shift in consumer tastes")
DGCA suspends flying licences of two IndiGo pilots for runway incursion
A senior DGCA official said the licences have been suspended for three months starting from September 3
 "DGCA suspends flying licences of two IndiGo pilots for runway incursion")
Ashok Leyland's domestic sales drop 57% in September to 7,851 units
Domestically, sales of medium and heavy commercial vehicles (M&HCV) slumped 69 per cent to 4,035 units from the 13,056 in the past year
 "Ashok Leyland's domestic sales drop 57% in September to 7,851 units")