Page 3543 - Company News

Fraud-hit CG Power's chief executive officer K N Neelkant resigns

The company's board had on May 10 sent Neelkant on leave pending an investigation into some "suspect, unauthorised and undisclosed" transactions

Current slowdown an opportunity to grow our books: HDFC Bank MD Puri

The bank had reported a 1.40 per cent gross non- performing assets ratio in June quarter

Goa facility issue worsens Cipla's growth worries; stock falls over 3%

India business has been soft given the realignment of the sales channel

Near-term investor sentiment may not be high on Marico's slow Q2 growth

While the company may lower its FY20 volume growth guidance amid muted offtake in September quarter, benign copra prices should push up profit margins

Digital to be 50% of our India business, says Ketchum Global CEO

The global chief executive officer (CEO) also indicated there were no plans to merge the Omnicom Group's PR networks in India unlike what it did in Singapore and some European countries

Auto components maker Carraro relies on new tech to drive India business

The move will help the company to tide over the slowdown, said Alberto Negri, chief executive

Vehicle owners trimming cost per service, says JD Power study

Passenger vehicles sales in India have been on a decline for over a year

Volkswagen India to merge all subsidiaries under single company

The move comes as part of the company's ongoing Skoda-led gameplay for the country, analysts say

Rolls-Royce selects 3 start-ups for Start-up Accelerator Programme in India

Each of the three gets an equity-free grant of £10,000 each and goes through a six-month co-innovation programme that will include mentoring and technical support from Rolls-Royce

Nestle India bets big on rural consumers amid a consumption slowdown

Company has set a target of 35 per cent contribution in sales from rural areas by 2022

PTC India Financial Services thermal energy exposure to go below 10%

PFS says it is shifting its focus towards renewable energy (RE), roads and transmission

Anil Ambani's RCap to exit lending business, stay focused on insurance

Anil Ambani group shareholders concerned over significant stock price erosion

Cognizant confident of growth, will hire more in India: CEO Brian Humphries

Humphries, who took over the reins of the company earlier this year, said he has spent the past few months in marathon meetings with clients and employees

Vodafone top brass seeks 2-year moratorium on deferred spectrum payment

Vodafone Group officials also met Commerce and Industry Minister Piyush Goyal during the day

Saudi Arabia assures Reliance it will supply committed crude oil in October

As part of the deal, Saudi will supply as much as 5,00,000 barrels per day of crude oil or 25 million tonnes annually to Reliance

Reliance Power plans Rs 4,000-cr capex to install FGD units across plants

As a part of its strategy to achieve clean green power, the company will focus on renewable energy projects like solar and wind

RInfra to cut its Rs 6,000 cr debt, follow capital-light model: Anil Ambani

Ambani further said the four business verticals including roads, metro, energy and airport are fully funded

Sundaram-Clayton declares October 1 as non-working day for major plants

In August, the company had announced that its major plants would work only five days in certain weeks of the month

DGCA suspends licenses of two SpiceJet pilots over technical lapses

A SpiceJet Boeing 737-800 plan made an air turn back due to pressurisation failure on June 14 this year

ICICI Prudential invests Rs 150 cr in Signature Global

The company will launch its fifth affordable housing project tomorrow, which has about 730 units, at Gurgaon in a price range Rs 16-22 lakh