Page 3550 - Company News

Samsung India launches digital lending platform to boost smartphone sale

The move assumes significance ahead of the festive season, where handset makers are lining up a slew of devices to woo customers

Rupee's fall may not prop up the margin of IT companies: Analysts

Higher attrition, elevated sub-contracting costs and pricing pressure are likely to negate benefits from a weak domestic currency

Expect Gujarat Urja to return IL&FS' assets, pay dues: NCLAT

Debt-laden IL&FS approaches NCLAT, says GUVNL owes them close to Rs 140 crore

Nalco launches aluminium alloy with high corrosion resistance, conductivity

With the commercial production of alloy AA 1200, there will be substantial saving on the usage of copper

Jaina Group brings back Sansui to India; to invest Rs 1,000 cr in 3 yrs

The company plans to make India a manufacturing hub for Sansui brand products and would export to other geographies, including the neighbouring South East Asian markets

IL&FS approaches NCLAT to recover Rs 145 crore from Gujarat discom

the matter relates to the payment of five IL&FS wind energy companies

Muthoot Finance to raise Rs 1,000 crore via NCDs to fund business growth

The issue opens on September 27, 2019 and closes on October 25, 2019

NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings

The grounded Jet Airways owes more than Rs 8,500 crore to lenders

M&As drop by 36% in value terms against backdrop of global uncertainties

Compared to the previous month (July 2019), August, 2019, witnessed a steep downturn in M&A activity with an over 5x fall in deal value

OlaMoney partners Religare to offer Rs 3-a-day hospital cash cover

This is the first time Softbank-backed Ola is entering the health insurance space

SpiceJet mulls buying 100 Airbus jets after Boeing 737 MAX fallout

The Max has been grounded worldwide since March after a pair of crashes killed 346 people

NCLAT asks 3 firms to file claims before liquidator of Lanco Infratech

The companies are KSB Shanghai Pump Co, TLT-Tourbo (Sichuan) Co and Beijing Power Equipment Group Co

Essel group promoters plan to sell non-media assets to repay debt

The move comes with the promoters getting the much-needed extension of up to six months to pay their dues from most of the mutual funds

Allcargo Logistics in talks to acquire stake in rival Gati: Report

Allcargo is in discussions to acquire Gati, that's 6 per cent owned by Goldman Sachs Group, at an equity valuation of about Rs 13 billion

Govt to soon unveil norms to protect winning bidders in IBC cases

Move to prevent reopening of claims, protect acquired assets

Power Exchange India to re-launch 'day-ahead spot' contract in six weeks

'Day-ahead' is a closed auction in which both buyers and sellers quote their prices daily between 10 a.m. and noon for delivery the next day

GSK suspends sale of antacid Zinetac after USFDA issues advisory

Indian drugmakers have also started testing their ranitidine products at various laboratories after the US FDA issued an advisory on the drug to health care professionals

Hurun Rich List 2019: Mukesh Ambani takes top spot with Rs 3.8 trn fortune

The report identified 953 names, which meet their minimum net worth criteria of Rs 1,000 crore

Mutual funds grant more time to Essel Group for repayment of loan

The fund houses had an outstanding of over Rs 11,000 crore from Essel Group

Phased manufacturing policy on handsets risks draining forex reserves

The import bill of components rose to Rs 99,816 crore on domestic mobile handset sales of $24.20 billion (Rs 162,309 crore)