Page 3551 - Company News

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)

HDFC Bank is the most valued brand in India, LIC takes second spot: Survey

The top rung is unchanged but overall brand value growth slows to 6% in 2019 from 34% in the previous year: BrandZ

Linking loans to external benchmark may delay SBI's profit revival

Profitability may take further hit on policy rate cut of 25-40 bps

Ford to transfer struggling India business to joint venture with Mahindra

Mahindra, one of India's largest automakers, will own 51 per cent of the new entity

Corporate tax cut, lower costs may take IndiGo out of air bubble

Change in board structure positive; consensus on RPT policy key factor

Telecom sector revenue slips 7%, licence fee falls over 10% in 2018: Trai

The adjusted gross revenue earned by companies from sale of telecom services dropped over 10% to Rs 144,446 crore during 2018 from Rs 160,814 crore in 2017

NCLT directs Jet Airways lenders to disburse lifeline funds within 15 days

Some lenders like Yes Bank, Punjab National Bank, IDBI Bank, Bank of India, Indian Overseas Bank and Axis Bank are yet to release their portion

Maruti cuts prices by Rs 5,000 on select cars to boost festive demand

The lower prices will be effective immediately on models such as Alto 800, Alto K10, Swift (diesel), Celerio, Baleno (diesel), Ignis, Dzire (diesel), Tour S (diesel), Vitara Brezza and S-Cross

Global economic uncertainties dampen India's M&A activity in August

the prevailing economic uncertainties resulted in August recording 36 per cent decline in terms of number of deals and 49 per cent fall in value terms

Auto major Maruti Suzuki slashes prices of select car models by Rs 5000

The new prices will be applicable from today across the country

SC sets aside insolvency of Jignesh Shah's firm La-Fin Financial Services

Apex court says petition moved by IL&FS Financial Services filed after three years, falls outside limitation period

Amazon India claims top spot in mobile phone sales ahead of festive season

Amazon is a key strategic partner for Apple as well as OnePlus

Vistara signs agreement with Airbus for parts, engineering support

Under the agreement, Airbus will offer its expertise in the areas of maintenance, engineering and supply chain management

How ready is India Inc to support gig economy? Here's what a survey says

Flexibility, inclusive culture and technology will become increasingly important as the workforce moves towards the future