Page 3595 - Company News

Fuel supply to Air India stopped at six airports due to non-payment

The airports where the fuel supply was stopped by the state-owned OMCs at around 4 pm are Cochin, Visakhapatnam, Mohali, Ranchi, Pune and Mohali

Zomato says restaurant prez offers the same discounts he campaigns against

Zomato, which initially claimed that the logout campaign was driven by vested interests, had on Wednesday made sweeping changes to its Gold programme

Sundaram MF withdraws DHFL side-pocket, says not in-line with Sebi norms

Proposal was not in-line with Sebi norms on creating a separate portfolio for affected asset

Auto companies cut more jobs, halt production as India slowdown bites

Toyota, Hyundai halt production; auto part makers Denso, Bellsonica cut 350 jobs each.

Non-integrated steelmakers set to pay 15-20% more for iron ore from FY21

Bereft of captive iron ore resources, the non-integrated producers bank on merchant supplies to sustain their operations

Britannia to increase prices 'marginally', optimise cost to beat slowdown

The FMCG major said slowdown had been witnessed in the last five to six months and the period till January would 'not be easy'

Apple to bring three new iPhones, iPad upgrades, larger MacBook Pro

The handsets will likely go on sale in September, contributing to fiscal fourth-quarter sales. But the real test will come in the crucial holiday season

Cox & Kings-owned booking website, travel firm in the UK shut down

Booking website LateRooms and holiday firm Superbreak ceased operations on Thursday after their parent, Malvern Group, declared insolvency

Kia Motors makes India debut, launches Seltos SUV starting of Rs 9.69 lakh

The company has already seen as many as 32,035 bookings till date

Thyssenkrupp moves court over EU's veto against Tata Steel joint venture

The complaint to the General Court of the European Union - seen as a symbolic move - comes after the Commission in June vetoed plans to create Europe's second-biggest steelmaker

L&T consortium bags offshore jacket installation project from Saudi Aramco

The project is for installing 28 offshore jackets in Zuluf, Marjan, Sfaniya and Ribyan offshore fields of Saudi Arabia, as per a BSE filing by L&T

Flexible workplace operators lease 52% more office space in Jan-June: CBRE

The total stock of flexible workspace has reached 23 million sq ft

Airtel Africa data and mobile money penetration to double in next 5 years

Airtel is preparing for the launch of the Mobile Money business in Nigeria

Biocon's Malaysia arm gets good manufacturing certificate from EU regulator

The Malaysian facility was inspected in May 2019; it is Asia's largest integrated insulin facility and manufactures drug substance and drug products in vials, cartridges, and insulin delivery devices

How to revive India's economy? Encourage ecommerce, says Amazon executive

Agarwal said Amazon works with some 500,000 sellers, and has created over 200,000 jobs in India since launching its ecommerce operations in 2013

HPCL to invest Rs 74,000 crore in next five years to expand capacity

The Navaratna company plans to invest around Rs 14,900 crore in the current fiscal, chairman Mukesh Kumar Surana told shareholders

Private equity-backed stocks do better in a volatile market

Interestingly, PE-backed companies which went public over the last 12 months have done better than those which got listed earlier

Are Amazon, Microsoft putting the world at risk of killer robots?

The use of AI to allow weapon systems to autonomously select and attack targets has sparked ethical debates in recent years

Zomato, Swiggy face the ire of partners. Time to rethink value proposition?

Is it time for the aggregator brands to rethink their promise to their partners-be it restaurants, airlines and hotels and drivers?

Anil Agarwal, Mukesh Ambani join suitors' list for acquiring RCom assets

RCom referred itself to the NCLT for insolvency proceedings after it failed to repay its debt worth Rs 45,000 crore