Page 3557 - Company News
Ban on e-cigarettes unlikely to hinder ITC's prospects; stock falls 1.2%
Down-trading by customers and overall slowdown are near-term challenges for the cigarettes leader
 "Ban on e-cigarettes unlikely to hinder ITC's prospects; stock falls 1.2%")
Lenders okay Rs 5,071-crore debt recast plan for 3 IL&FS group firms
NCLAT takes on record new board's plan, debt restructuring for nine more amber category firms soon
 "Lenders okay Rs 5,071-crore debt recast plan for 3 IL&FS group firms")
'Have to do it': Jeff Bezos sets deadline for Amazon to be carbon neutral
Amazon will buy 100,000 electric vans from a start-up and invest $100 million to restore forests and wetlands.
 "'Have to do it': Jeff Bezos sets deadline for Amazon to be carbon neutral")
City Gas distributors' stocks gain 6-8%, fundamentals remain healthy
While strong demand is driving volumes, low natural gas prices bode well for profitability
 "City Gas distributors' stocks gain 6-8%, fundamentals remain healthy")
Google Pay widens digital features, products: Here're key announcements
It launched a 'Google Pay for Business', a separate app for merchants and businesses to enable digital payments through remote verification and registration, that can be done "in minutes"
 "Google Pay widens digital features, products: Here're key announcements")
Microsoft partners with Eros Now for next generation online video platform
The company has been partnering with digital players to tackle global rivals
 "Microsoft partners with Eros Now for next generation online video platform")
Siemens Healthineers opens its biggest manufacturing plant in Bengaluru
The firm is also trying to create a start-up ecosystem to collaborate with healthcare start-ups and commercialise their ideas in the India market
 "Siemens Healthineers opens its biggest manufacturing plant in Bengaluru")
JSW Steel-promoter companies release pledged shares worth Rs 1,150 crore
June quarter shows higher creation of pledged shares to released pledged shares
 "JSW Steel-promoter companies release pledged shares worth Rs 1,150 crore")
Wipro Consumer Care sets up start-up venture fund in consumers brand space
he venture called Wipro Consumer Care - Ventures will focus on companies with a differentiated approach where both parties can learn by leveraging their strengths and add value to each other
 "Wipro Consumer Care sets up start-up venture fund in consumers brand space")
RCom resolution professional seeks status quo on spectrum licences
The tribunal has asked the DoT to file its reply to the petition by September 24, after which the RP can file a rejoinder to DoT's reply by September 27. The matter will be heard next on September 30
 "RCom resolution professional seeks status quo on spectrum licences")
Companies launch more than Rs 1,000-crore plastic waste management drive
Led by top beverage makers - PepsiCo Holdings, Coca-Cola India, and Bisleri International - the programme is a producer-led-and-owned plastic waste management venture, a first of its kind
 "Companies launch more than Rs 1,000-crore plastic waste management drive")
Trai move on interconnect user charge likely to face Reliance Jio challenge
High tariffs on voice calls force 2G, 3G customers to make missed calls to customers on Jio, soliciting a large amount of offnet voice calls from its subscribers to the network of incumbent operators
 "Trai move on interconnect user charge likely to face Reliance Jio challenge")
PhonePe's super-app platform 'Switch', a one stop solution for customers
Aims to provide one-clock entry to entry point to several online merchant platforms on 'PhonePe Switch'
 "PhonePe's super-app platform 'Switch', a one stop solution for customers")
Tata Motors to launch new EV in 2020 based on new technology for clean cars
Tata Motors said EVs built using the new powertrain technology will have a range of 250 kilometers on a single charge and the company will offer a warranty of eight years on the batteries
 "Tata Motors to launch new EV in 2020 based on new technology for clean cars")
L&T appoints Ajay Bhutoria as CEO for technology platform L&T NxT
Before joining L&T-NxT, Bhutoria was the Global Head of Markets for Retail, Consumer Goods, Travel and Hospitality at Cognizant
 "L&T appoints Ajay Bhutoria as CEO for technology platform L&T NxT")
Ensure protection of user privacy, prevent abuse: IT Minister to tech firms
India has already forced foreign payment firms such as Mastercard Inc and Visa Inc to store data locally
 "Ensure protection of user privacy, prevent abuse: IT Minister to tech firms")
Reliance says Mukesh Ambani's shareholding has not increased in company
'The aggregate shareholding/voting rights of the Promote and Promote Group now stands at 309.8 crore shares - 48.87 per cent'
 "Reliance says Mukesh Ambani's shareholding has not increased in company")
Australian diplomat says Adani's Carmichael coal project will create jobs
"Adani project is a key project in Australia," Andrew Ford told Business Standard
 "Australian diplomat says Adani's Carmichael coal project will create jobs")
Reliance Jio has widest 4G network, Airtel's network grows 3-fold: Trai
Bharti Airtel's 4G coverage is less than half of Reliance Jio's but it has expanded its network more than three-folds since September 2017
From AI lab to job search platform, all highlights from 'Google for India'
The company has announced a partnership with state-owned telecom operator BSNL to bring open public WiFi network to villages in Gujarat, Maharashtra and Bihar
 "From AI lab to job search platform, all highlights from 'Google for India'")