Page 3578 - Company News
PIL cannot be used as a weapon to challenge our decision: RBI in Delhi HC
The RBI made the submission in response to a PIL alleging that online payments platform Paytm was providing lending facilities in violation of the law regulating such activity
 "PIL cannot be used as a weapon to challenge our decision: RBI in Delhi HC")
NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate
NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20
 "NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate")
Sebi seeks IndiGo's response to Gangwal's letter over corporate governance
Co-promoter questioned chairman's independence again
 "Sebi seeks IndiGo's response to Gangwal's letter over corporate governance")
Teamlease launches web portal to help firms navigate compliance repository
Companies are required to take care of 58,726 compliances, involving 1,074 Acts related to labour, finance, taxation, secretarial, etc
 "Teamlease launches web portal to help firms navigate compliance repository")
Lupin, Boehringer Ingelheim ink $700-mn deal for anti-cancer drug
Lupin will get the marketing rights for the drug in India, while Boehringer Ingelheim will hold the rights to all other markets
 "Lupin, Boehringer Ingelheim ink $700-mn deal for anti-cancer drug")
Amazon India aims to eliminate single-use plastic packaging by June 2020
Flipkart has said it has reduced its usage of single-use plastic by 25% across its packaging value chain and it aims to move towards 100% recycled plastic consumption in its supply chain by March 2021
 "Amazon India aims to eliminate single-use plastic packaging by June 2020")
Manufacturing slowdown may cause downtime in Indian IT industry
In the June quarter of FY20, revenue from this segment grew faster than other key verticals for the top Indian IT players
 "Manufacturing slowdown may cause downtime in Indian IT industry")
Jet creditors to recover only $300-$400 mn in liquidation scenario: Report
"The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets," said one of the sources
 "Jet creditors to recover only $300-$400 mn in liquidation scenario: Report")
Reliance Jio to provide free set-top-box with every broadband connection
Billionaire Mukesh Ambani-led company is slated to launch optical fibre-based JioFibre broadband service from September 5
 "Reliance Jio to provide free set-top-box with every broadband connection")
E-cigarette maker Juul eyes Indian, Asian smokers after crackdown in US
Going into Asia won't be easy. It means navigating a maze of different smoking cultures, socioeconomic levels and regulatory regimes across a slew of countries at various stages of development
 "E-cigarette maker Juul eyes Indian, Asian smokers after crackdown in US")
H-Energy, Petronet sign deals to buy Russian LNG producer Novatek
The deals were announced hours after Prime Minister Narendra Modi arrived here on Wednesday for summit talks with Russian President Vladimir Putin
 "H-Energy, Petronet sign deals to buy Russian LNG producer Novatek")
Godrej Security Solutions to invest Rs 100 cr in R&D, branding next 2 years
The company seeks to expand retail footprint in tier-II and III markets, is strongly focussed on Africa for exports
 "Godrej Security Solutions to invest Rs 100 cr in R&D, branding next 2 years")
Motown crisis: Deafening silence at Pimpri-Chinchwad's auto parts units
The first of a 3-part series captures how declining sales and job losses have hit companies in Pimpri-Chinchwad, an automobile hub bordering Pune
 "Motown crisis: Deafening silence at Pimpri-Chinchwad's auto parts units")
From barbers to shopkeepers, many rural Indians are hurting from auto crash
Laid-off workers returning to their villages are putting more burden on a rural sector already suffering falling income from low crop prices, and dampening consumer sentiment and growth across India
 "From barbers to shopkeepers, many rural Indians are hurting from auto crash")
Haldia Petrochemicals to invest Rs 50,000 cr in Tamil Nadu naphtha unit
The development comes amid Chief Minister K Palaniswami's two-week trip to London, the US, and Dubai to attract investors
 "Haldia Petrochemicals to invest Rs 50,000 cr in Tamil Nadu naphtha unit")
India Inc's investment project announcements fall to Rs 11.3 trillion
Almost 20 per cent of investment was made in the power sector, mainly in renewables
 "India Inc's investment project announcements fall to Rs 11.3 trillion")
ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil
With the share of cash deals rising, discounts could remain high. To make way for newer acquisitions and attract new and repeat investors, ARCs must quickly resolve assets and redeem security receipts
 "ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil")
Truck sales crash 60%; Ashok Leyland sees decline of 70% in August
Volumes during August were dragged down by the top two manufacturers, which together sell more than seven in every 10 trucks
 "Truck sales crash 60%; Ashok Leyland sees decline of 70% in August")
ESR ties up with Future Group to develop two industrial, warehousing parks
The parks would be developed to service the northern and central regions and would target the e-commerce sector
 "ESR ties up with Future Group to develop two industrial, warehousing parks")
Biyani's FSC to invest Rs 1,000 cr to boost supply chain management
FSC plans to create India Food Grid, a network of 38 integrated food distribution centres providing pan India reach
 "Biyani's FSC to invest Rs 1,000 cr to boost supply chain management")