Page 3571 - Company News

Oyo Hotels & Homes expands presence to over 500 cities across India

Bengaluru, Delhi, Mumbai, Gurugram and Hyderabad lead in presence of hotels among metros, the statement said

Microsoft appoints Rajiv Kumar as Microsoft India (R&D) managing director

Kumar takes over from Anil Bhansali who will be corporate vice president of cloud and enterprise division

Paytm parent One 97 Communications' loss doubles to Rs 4,217 crore

One97 Communications banks on its services, other businesses to improve

Passenger vehicle sales dip 31.6% in Aug; down ten months in a row: SIAM

In the PV segment, Maruti Suzuki India posted a 36.14% decline in its August sales at 93,173 units

Lending to group firm was a mistake, says McLeod Russel's Khaitan

Shareholders said McNally's failure to repay the borrowings direly affected McLeod's financial position

ArcelorMittal's funding fails to lift Uttam Galva Steels fortunes

Mittal's payment to banks came after the Supreme Court asked the company to pay overdues

Ashok Leyland hopeful of settling bonus talks with employees' union

Union has earlier demanded 10% payout, but company stood firm on its offer of 5% and at the end of talks, both parties agreed to 5.423%

Reviving BSNL is govt's priority, financial package being planned: Meghwal

The Minister of State for Heavy Industries and Public Enterprises said the government wants that BSNL should be promoted and it is the "top priority"

NCLT bars SBI from selling Videocon's overseas oil & gas assets

NCLT said if SBI is allowed to execute the sale as advertised, the Videocon Group may suffer irreparable losses

Wipro Aerospace begins work on construction of second plant in Bengaluru

Spread over ten acres, the plant will come up in phases, the company in a release said adding, in the first phase, machining operations will start in the first quarter of 2020

Equitas considering two routes to get its SFB listed by March 2020

RBI last week refused to extend the listing deadline for ESFB and barred it from opening new branches till further orders

Mitsubishi gets CCI nod to increase TVS Automobile Solutions stake to 25%

CCI says it approves increase in shareholding of Mitsubishi Corporation in TVS Automobile Solutions Private Limited from 3.26 per cent to 25 per cent

Office sharing venture My Place to invest Rs 25 crore in North India

The office space leasing start-up plans to set up 12 co-working centres in the next 12 months

ITC standing out in a cluttered FMCG market with focus on quality

ITC has made steady progress in the FMCG space with relentless focus on quality and product differentiation

L&T Construction bags Rs 5,000-7,000-cr Navi Mumbai residential project

L&T said the project, being part of the Pradhan Mantri Awas Yojana, envisages construction of Economically Weaker Section and Low-Income Group type of dwelling units

Reliance Jio's broadband offers won't impact wireless tariff growth

Jio's non-wireless services are unlikely to be able to meaningfully offset any slowdown in wireless revenue growth as the prices are largely non-disruptive

Pharma PSUs likely to sign MoU with LMA for sale of surplus land

The PSUs thus are hopeful that the sale process could now be expedited

Fewer online offers likely to boost offline sales this festive season

Retailers believe they would be able to boost sales this festive season on the back of better services and differentiated products

In a first, Maruti Suzuki to lease 100 sales outlets to car dealers

Strategy will help expand reach, deploy surplus cash

MTNL raises Rs 800 crore claims from DoT, reimbursement on rent dues

The telecom corporation has also sought clearance of rent-related dues for DoT offices located at MTNL premises