Page 3554 - Company News

Thomas Cook collapse: Hotels in Goa may be forced to slash rates

The development has also made local hoteliers anxious as the British tourists stay a minimum of seven nights in the state

Distressed employees of BSNL write to PM Narendra Modi, call for revival

In a letter to Prime Minister Narendra Modi, the staff of the beleaguered company said, "We heard that the finance ministry is proposing the closure of BSNL, instead of its revival"

Debenture trustee sells Rs 200 crore of Zee Entertainment shares

The share sale comes at a time when Essel group is trying to get an extension from mutual funds (MFs) and other lenders to clear its dues

Double tax relief expands room for growth of hotel firms; stocks rise

While lower GST would push occupancy and thereby aid room rates, lower corporate tax rate should add to earnings

It's too early to decide on brand acquisition, says Thomas Cook India

The company was awaiting clarity from the UK and would weigh all factors before taking any decision on acquisition

Petronet disfavoured $2.5 bn LNG deal in April; signs non-binding MoU now

The officials said the deal with Tellurian is far from closed and will require negotiations

Reliance Capital's stake sale to Nippon Life to be completed by month-end

Post stake-sale, Nippon Life Insurance will own 75% stake in Reliance Nippon Life Asset Management for the long term, and the rest will be owned by public, including few marquee investors

A 10% jump for India Inc earnings after Modi govt cut taxes, say analysts

The surprise reduction in corporate tax drove a 5.3 per cent surge in the S&P BSE Sensex Index to 38,014.62 on Friday, its biggest gain since May 2009

Significant upside hinges on demand revival in cement industry: Analysts

Cut in corporation tax provides respite, say analysts

Thomas Cook collapses, leaves over 600,000 holidaymakers stranded abroad

The UK government said Monday it had hired planes to fly home British tourists, in a mass repatriation plan codenamed Operation Matterhorn which began immediately

Bajaj Auto plans to drive in three more KTM models by March-end

Notwithstanding slowdown in the broader two-wheeler market, Bajaj envisages sales of KTM motorcycles to grow by a third in 2019-20

From soap to cure for skin infections, Medimix scripts a new brand story

The 50-year-old soap is repackaging the brand promise, using its medicinal tag to ride the growing demand for herbal and natural products

Amalgamations Group wins 20 year old legal dispute with shareholder

Amalgamations Group was founded by S Anantharamakrishnan and Amalgamations is the holding company

Uber ex-CEO Travis Kalanick grabs slice of India's cloud kitchen arena

Cloud kitchens, much like cloud computing services, have become a popular business model for food-delivery providers

Sebi imposes Rs 22 cr fine on Aurobindo Pharma, promoters, related entities

The company failed to disclose the price sensitive information regarding the Licensing and Supply Agreements to the stock exchange.

IBBI moves SC with plea to start criminal proceedings against Liberty House

The Supreme Court, while agreeing to hear the IBBI, said there would be no persecution of Liberty House group for now

Nissan Motor, Carlos Ghosn fined $16 million for failing to disclose pay

The SEC also reached a settlement with former Nissan director Greg Kelly, who agreed to pay a $100,000 fine over allegations that he helped Ghosn hide pay

E-comm can boost consumption, bring about good economic activity: Flipkart

Flipkart Group CEO Kalyan Krishnamurthy expressed confidence in clocking strong sales this year with demand being driven by Tier II and III markets

KTM launches 790 Duke bike in India; price starts at Rs 8.63 lakh

The bike features motorcycle stability control with cornering anti-lock braking system, motorcycle traction control, motor slip regulation and four-ride mode

Dish TV sets target to get 20% of subscribers to online streaming services

The company has a customer base of 23.9 million and had added around 200,000 new customers in the first quarter of the current fiscal year