Page 3586 - Company News

DGCA meets airlines over P&W A320 Neo engine, says will take severe action

Two budget carriers -- GoAir and IndiGo -- have been facing glitches in the P&W engine that powers many of their A320 planes

Coffee Day gets Registrar of Companies approval to extend AGM by 45 days

According to Companies Act, every company must hold its AGM within six months from the closing date of financial year, which ends on September 30

Vodafone Idea gets shareholders' nod to raise share capital to Rs 50,000 cr

The increased authorised share capital provides headroom for the company to infuse additional funds

Will launch EV in India by 2022 but govt must build ecosystem: Renault

Stating that India is still not equipped with the ecosytstem for EVs, Renault India CEO and MD Venkatram Mamillapalle said launching EVs now and "having the cars in the garages makes no sense"

DGCA calls urgent meeting with IndiGo, GoAir on Airbus Neo's performance

The two budget carriers have been facing glitches in the P&W engine that powers many of their A320 planes

Indian economy in transition, slowdown won't stay forever: Vedanta

The remarks come at a time when IMF and Asian Development Bank (ADB) have lowered India's growth forecast, citing global and domestic headwinds

Walmart Foundation gives Rs 34 cr to 2 cos bringing tech to Indian farmers

Digital Green and TechnoServe have received $1.3 mn and $3.5 mn, respectively

Renault launches seven-seater Triber in India, prices start at Rs 4.95 lakh

It is powered by a one-litre petrol engine and comes equipped with various features including four airbags

Indian Oil plans Rs 2 trn investment by 2024 to meet energy needs: Chairman

OC through its 11 refineries controls about a third of India's 5 million-barrel-per-day refining capacity

As demand slowdown hurts, makers of Lux, Lifebuoy, Santoor soaps cut prices

Lifebuoy and Lux are month highest-selling soap brands in India while Santoor became the first Indian soap brand to touch annual sales of Rs 2,000 crore

Solar manufacturers ready to expand if govt gives incentives, curbs imports

Leading the manufacturing expansion is Adani Mundra, which is planning to add another 1 Gw of capacity

China's new drug law may open door for Indian generic medicines: Report

India has been demanding that China open its pharmaceutical market to Indian drugs as part of the efforts to lower the $57 billion trade deficit

Ferdinand Piech, who made Volkswagen a global powerhouse, dies at 82

During his over half-century career he turned VW into a 13-brand empire and pillar of the German economy with now 660,000 employees

Rakesh Gangwal skips IndiGo AGM, Rahul Bhatia says 'main hoon na'

At Tuesday's AGM, neither Gangwal nor independent director Anupam Khanna were present. Both had raised questions about the company's corporate governance

Airtel, Vodafone Idea and Reliance Jio unlikely to bid for 5G spectrum

Limited availability of airwaves and high base price to blame

Revenue to strategy, the rise and fall of Voda Idea: Explained in 4 charts

Lately, the management declared its intention to change the larger consumer perception about the operator's network and data service

Get coal mine project in Queensland moving, Australian Minister tells Adani

The massive coal mine in Queensland state has been a controversial topic, with the project expected to produce 2.3 billion tonnes of low-quality coal

Tata Steel is weighing option of getting into commercial mining: CFO

Though Tata Steel is a 30-million tonne mining firm, it is known as a steel company as the mines are captive

Healthy sales in branded portfolio lift Abbott India's margins in Q1

Incremental growth to be led by new launches, expansion into new therapies

PSB Recapitalisation: An effort worth making if played to strength

Credit offtake remains healthy in housing, small businesses and agri loans, which is also the forte of public sector banks