Page 3545 - Company News

Brickwork downgrades Peninsula Lands debentures from 'A' to 'BBB-'

The rating downgrade factors in high refinancing risk given consolidated ongoing project debt repayments of Rs 663 cr from July 2019 to March 2020 and Rs 417 cr in FY21, as there is slowdown in sales

Zomato increases engagement with users by serving original videos

In October, Zomato will go live with 12 new originals, one every week

Hero Future Energies reorganises business to make overseas foray

The move is aimed at exposing HFE Global to better financing avenues in the global market

Dependency on Ola, Uber means more demand: JLR chief executive Ralf Speth

Finance Minister Nirmala Sitharaman had recently said one of the reasons for the downturn in the industry was millenials using more of ride-hailing services Ola and Uber

India's leading drugmakers stocking up to avoid supply disruptions

Have increased raw material buffer stock by at least 40 days in recent months

Flipkart ad campaign is my favourite, says TRA Research's N Chandramouli

The sheer variety of Flipkart ads shows how well the creators understand that the customer won't engage with the same ad, says Chandramouli

Social media takes a toll on brand trust in Indian market, finds IPG study

Consumers are pushing brands to reinvent themselves, seeking more information and access as trust takes a hit, finds an IPG study

South Korea's Posco continues exploring joint venture possibility with RINL

Last week, POSCO officials had a meeting with the Rashtriya Ispat Nigam Limited (RINL) management with regard to the JV plans, they said

NCLAT decision on Jet's CoC meetings a welcome signal to foreign investors

The NCLAT's decision is based on a 'Cross Border Insolvency Protocol' agreed upon by the Dutch insolvency court administrator and the Indian Resolution Professional of debt-laden Jet Airways

In a first, RCom AGM to be chaired by resolution professional on Monday

RCom is presently going through a insolvency process and the National Company Law Tribunal had in July appointed Aneesh Nanavati of Deloitte as the resolution professional

Lockheed Martin submits a proposal to supply F-21s to Air Force

The American company is reported to be competing with Boeing, French company Dassault, and the Russian MiG 35

Privatisation plan of BPCL will need a prior nod of Parliament: Officials

India has a total refining capacity of 249.4 million tonnes of refining capacity and 65,554 petrol pumps and 24,026 LPG distributors

COAI wants telcos to discuss issue of interconnect usage charges reasonably

The IUC was originally proposed to be made nil from January 1, 2020. But Trai is now reviewing the timeline

HDFC keen to contribute to govt's Rs 20,000 cr realty fund: Deepak Parekh

"This fund, in which the government will put in Rs 10,000 crore and a similar amount will come in from public and private sector institutions, is a path-breaking move"

Apollo Hospitals signs MoU with Samsung's spinoff Wellysis for cardiac care

Apollo has set up 40 cardiac command centres at its hospitals and any doctor across the country can gain access to the knowledge and experience of 300 cardiologists in the group's ecosystem

PepperFry may go for two more funding rounds before IPO, says CEO

This includes a $20-30 million one in equity financing in the next six months, said its cofounder and chief executive officer (CEO) Ambreesh Murty

DHFL appoints former SBI executive Vajinath Gavarshetty as new CEO

Shareholders vote on debt conversion plan at the AGM on Saturday

Eywa aims to make mark in US market with own label, skip generic trend

The company, which is backed by Eight Roads Ventures, has got approval for 20 of its 36 products in the US and the EU

Softbank bets on former Sprint boss Marcelo Claure to fix WeWork

Masayoshi Son, the head of SoftBank, has asked the former CEO of Sprint to take a more hands-on role helping oversee a cleanup of the office-rental company from his position at SoftBank

Insurance brokers battle for survival as they lag behind in the tech race

The challenge for everyone is how to fend off competition from insurance companies and the sweep of technology, making their business models irrelevant