Page 3555 - Company News

Thomas cook collapse hits shares of Indian company it once owned

Thomas Cook India Ltd. resorted to a communication blitz in the past few days to clarify that the collapsed UK firm exited the Indian company seven years ago

Hand-crafted carpet makers fall prey to machine-made units, seek subsidy

The labour cost works out to around 60 per cent of the product cost in hand crafted carpets as compared to 15-20 per cent in machine made products

Expect cement prices, demand to recover in second half of FY20: Srinivasan

He expects increased spending on infrastructure projects by the Centre and acceleration in infrastructure projects and development schemes by the new government in Andhra Pradesh to spur the industry

Government aims to sell Air India, other firms by March 2020: Report

The government planned to sell Bharat Petroleum Corp Ltd , logistics firm Container Corp of India Ltd and debt-laden Air India before the end of the 2019/20 financial year

PNB Housing to cut effective tax rate by 8-9% after FM's announcements

On September 20, Finance Minister Nirmala Sitharaman announced slashing the basic corporate tax rate for domestic companies to 22 per cent from 30 per cent

IL&FS debacle, slump in real estate led to default, says Altico Capital

Management has sought signing of ICA by lenders to restructure liabilities

Corporation tax rate cut to simplify tax administration, reduce litigation

The corporation tax rate has been reduced from the existing 30-25 per cent to 22 per cent all the domestic companies

Corporate tax cut credit positive move, to improve income of cos: Moody's

Government's move to cut corporate tax rate will boost net income of Indian firms

As Thomas Cook goes bankrupt, thousands are left stranded across the world

It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge rescue operation

Facebook, Google face widening crackdown over online content

"We are forcing these firms to clean up their act once and for all," said British Home Secretary Sajid Javid, whose department collaborated on Britain's proposal

Petronet to invest $2.5 bn in Houston's Tellurian Inc for 5 mn tonnes gas

The agreement also includes PLL making investment in the equity of $28 billion Driftwood project in Louisiana to secure the LNG

Infosys revisits global delivery model to lower dependence on H1B visas

Firm revealed this new strategy in Arizona, where the company opened its sixth tech and innovation centre

Tata Realty, Actis look to raise $1 billion for commercial properties

The duo is doubling the size of the $500-million platform, which it floated in 2015

MCA defends IBC amendments, sticks to strict deadlines in Supreme Court

The MCA has told the apex court that processes of corporate insolvency resolution are time-bound and if it does not adhere to the time-limit then the viability of the process is over

Tax windfall: India Inc to increase capex spending, retire high-cost loans

Among the profit-making companies which would gain the most in absolute terms are RIL, Oil and Natural Gas Corporation, and Indian Oil Corporation

Arvind to raise Rs 490 cr in long-term loans, restrict capital expenditure

Arvind had pre-paid a term loan of Rs 40 cr falling due in FY21

Haldia Petrochemicals to form committee to probe industrial fire

HPL has already shut down its plants to extinguish the fire completely and the flow of naphtha has been cut

RCap's $5-bn debt at risk on default rating, revives India's credit scare

The default rating is set to exacerbate a yearlong credit crunch among India's shadow lenders, which started with the collapse of IL&FS Group last year

Dr Reddy's Labs shines among pharma stocks, wins investor confidence

The Hyderabad-based company is an outlier among large pharmaceutical producers, having seen a jump in its stock price over the previous year

eBay makes festive prep and bulks up global offers on Paytm Mall

eBay, Paytm Mall set aside Rs 30 crore for promotions and customer acquisition