Page 3582 - Company News

Firms turn off the plastic tap; activists say more work needs to be done

Companies in the bottled water space, for instance, say glass is an expensive alternative

M&M to acquire 55% stake in Meru for cash consideration of Rs 201.5 cr

Under the agreement, after investment of the first tranche in Meru, M&M will have the right to appoint majority of the directors on the board of Meru and will control its composition

Industry spreads globally have shrunk in recent months: Tata Steel CFO

'Steel is a foundation industry for any nation', says Koushik Chatterjee

Sluggish market may delay Posco decision on investing in India steel plant

India will be adding 20 mt of annual capacity in the next five years

Recovery unlikely for cement and capital goods sectors before Q3

Industry volume declined in the June quarter

IndiGo flies past Air India on international routes, deploys more seats

Since June 2018, IndiGo has inducted 70 planes, taking the fleet to 239

Vahan, Lokal, Nonu Care: 3 start-ups that will get $150,000 each for biz

Ramani Ranjan Mohapatra gives brief profiles of three such start-ups which will get $150,000 each while getting started

OVL, partners may buy 49% stake in Vankor oilfields during Modi-Putin meet

Indian firms have been in dialogue with Russia since 2017 for a possible stake in the oilfields that will consolidate their presence in the energy-rich Arctic region

Toyota Kirloskar Motor reports 21% decline in sales at 11,544 units in Aug

The company had sold 14,581 units in the same month last year, Toyota Kirloskar Motor (TKM)

Honda Cars India domestic sales decline 51% at 8,291 units in August

"The auto sector continues to witness high de-growth due to poor consumer sentiment," HCIL Senior Vice President and Director, Sales and Marketing Rajesh Goel said

Hyundai plans to boost digital presence in India to tap new age customers

It also plans to expand its sales infrastructure in rural areas and small towns which currently account for around 20 per cent of annual sales

Mahindra and Mahindra's sales drop 25% to 36,085 units in August

The company had sold 48,324 units in the corresponding month last year, M&M said in a statement.

Maruti reports 33% drop in August sales at 1,06,413 units; exports down 11%

Sales of compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, fell 23.9% at 54,274 units as against 71,364 cars in August last year.

MG Motor sells 2,018 units of Hector in Aug, to boost production of model

With increased production, MG Motor will take a decision on re-opening bookings of the Hector later this year.

V-Mart to hire 2,000 people, invest Rs 115 crore for 60 new stores in FY20

V-Mart has already opened 20 new stores this fiscal and now operates 233 outlets.

Apple planning to set up three physical outlets, an online store in India

In a major push to single-brand retail, the government last week had relaxed FDI norms, offering players more flexibility on local sourcing norms

NCLAT rejects govt claims of $314 mn from Videocon for Ravva offshore

The ministry had on October 22 last year sent Videocon a demand notice for payment of govt's share of profit petroleum

Eight of top-10 firms add Rs 77,222 crore in m-cap; HDFC twins lead

HDFC's m-cap zoomed Rs 21,657.69 crore to Rs 3,73,860.41 crore

Eveready Industries sells Hyderabad land to Nuland Tech to reduce debt

Production in this factory at Moula Ali Industrial Development Area in Hyderabad had stopped in 2010 owing to economic unviability

From Apollo to Fortis, hospitals tap West Asia, Africa for new patients

Foreign patients help hospitals increase occupancy, improve cash flow, build brand profile overseas, and serve as a hedge against currency volatility