Page 3559 - Company News

Mukesh Ambani ups stake in Reliance Industries by 2.71%; stock falls 1.12%

The additional stake was acquired by Reliance Services and Holdings (controlled by Petroleum Trust

Apple blasts $14 bn EU tax order, says it 'defies reality and common sense'

Ireland also challenges European Commission's crackdown on sweetheart deals to multinationals.

Bain, TPG in talks to buy minority stake in Tata Capital Financial Services

The Tatas are in discussions with a clutch of PE funds to gauge their interest and may offer anything between 10 and 15 per cent in Tata Capital Financial Services

TCS Q2 growth may suffer because of slump in BFSI, retail businesses

Company executives said both macroeconomic and client-specific factors have had a role to play

PC maker Lenovo India entering end-to-end IT solutions business

The company, which is number one PC and tablet seller in India, said it would start providing internet of things (IoT) solutions also, apart from the existing business of personal computers

Hero Cycles ties up with Yamaha Motor to launch Lectro e-cycle series

Priced at Rs 1.30 lakh, Lectro EHX20 is a high performance e-cycle powered by Yamaha, the company said

Srei Infra moves regulators for buyback of NCDs from retail investors

Says buyback will prevent market operators from trying to get investors to sell their holdings at a deep discount, and will also make the exit route simpler

IL&FS fallout: Mother Dairy loses CARE's triple-A credit rating

Mother Dairy had to make a impairment provision of Rs 190.85 crore from the investments in IL&FS in the form of unsecured short-term inter-corporate deposits

NDDB, Amul oppose dairy import talks with New Zealand and Australia

This comes prior to an important meeting between the commerce ministry and dairy sector entities

Altico Capital's chief executive officer Sanjay Grewal quits amid crisis

No replacement for Grewal has been found yet

Govt allows SAIL to sell 25% of its iron ore from captive mines

The ministry of steel has stated that more than 162 mt of low-grade iron ore are available at mine heads in India

Former Foodpanda CEO's healthcare start-up Meddo raises $3 million

Co-founded by former Foodpanda CEO Saurabh Kochhar and Cygnus Hospitals co-founder Naveen Nishchal, Meddo would be utilising the funding for technological advancement and hiring

Consistent margin gains are key for Tata Communications stock: Analysts

Tata communications transferred 773 acres of land valued at about Rs 12,000 crores in to Hemisphere Properties India (HPIL)

SAIL's stock rises as open market iron ore sale provides breather

SAIL has seen its market value nearly halve in the past five months; the stock hit its 15-year low last month

Saudi Aramco assures full volume of crude oil to Indian companies

IOC, BPCL and MRPL to receive full allocated volumes of crude in Oct

Indian corporates need to follow global standards of governance: K M Birla

Birla said there were various sectors in India which had the potential to grow into billion dollar business over a period of time

No slowdown, auto sector making hue and cry to get package from govt: CAIT

Citing an example of new vehicle launches, CAIT said companies have received huge number of bookings, which do not reflect any slowdown in the sector

'Existential issue': India Inc seeks clarity on PM Modi's plastics ban

CII seek exemptions, but environmentalists say govt's move will help battle plastics pollution.

Growth of IT services firms to remain in 6-8% range in FY20, says Icra

Adoption of digital technologies has reached inflexion point and is triggering large scale re-architecture programs

Slowdown dampens consumer confidence; may impact festive buying: Survey

Majority of the consumers are planning to spend less than a reasonable amount by October: Survey