Page 3591 - Company News

Paytm Money expects market share in direct MF to go up to 50% in 6 months

Currently, its market share stands at around 40% of total such subscriptions

Drug regulator making list of dual-use APIs imported from unregistered cos

The CDSCO is strictly monitoring the import of such dual-use APIs for the last few months so as to get an idea on what kind of action should be taken

Birlasoft working on stabilising structure after merger with KPIT

The two companies underwent a merger and demerger, resulting in the creation of separate and publicly listed entities KPIT Technologies and Birlasoft

195 firms owe Rs 13 trillion to lenders, borrowings exceed market-cap

These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt

Smartphone firms storm smart TV market, thanks to low data tariffs

Smart TVs have pre-installed OTT apps and other offerings which serve as a distribution channel for OTTs and earn revenues for the TV brands

300 fresh pharma unit applications up for approval in Gujarat: FDCA

As per the state FDCA commissioner, the state has benefited from the introduction of GST

Sitharaman's sops likely to spur motor insurance companies' growth

The enhanced depreciation is expected to motivate vehicle makers

Automakers welcome govt sops but are divided on festival season impact

Most agree, though, on the long-term benefits that the measures will bring in

Biocon looks to derive sales from US, EU to break even at Malaysia unit

According to an Edelweiss report, investments would pick up at the company subsidiary in the current financial year

US-based WeWork plans co-working spaces at just Rs 5000/month in Mumbai

Wework is also, according to people with knowledge of the matter, looking to launch such economical desks in Delhi and other cities

Fraud-hit CG Power to sell properties by FY21, use proceeds to repay debt

The proceeds from the sale (land and CG House) are likely to be used for repaying part of its debt and meeting its working capital requirements

Nithia Capital identifies Indian stressed steel assets for acquisition

While Nithia has zeroed in on about 15 assets, only some are expected to materialise

New tariff plan paints grim prospects for lifestyle, travel, niche channels

Trai Consultation paper released last week seeks to clampdown on bouquets

Leisure Hotels look for alternatives, to diversify into hostels, resitels

Leisure's hostel - a low-frill, budget accommodation comprising beds and budget rooms under the Bedz brand - will come up in Rishikesh by the end of this year

Tata Power's liquidation of non-core assets to gain steam: Report

Company's debt-equity ratio seen falling to 1.96 by FY21

Naresh Goyal created tax evading schemes to siphon off funds abroad: ED

A dozen premises, including Goyal's Mumbai residence, his group companies, their directors and offices of Jet Airways, were searched on Friday

True reformist, great statesman: India Inc mourns Jaitley's demise

Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary

Mahindra and Escorts stocks rise 4% each, riding on higher volumes

Street expects upward revision in growth guidance if trend persists

ED searches Jet founder Naresh Goyal's business, residential premises

The probe agency has also alleged that Goyal's companies executed several 'colourable transactions' under the guise of selling and distribution expenses

IndiGo's Rakesh Gangwal says he will support resolution on expanding board

Resolution will come up for approval at the company's AGM on Tuesday