Page 3603 - Company News

15 years on, Birla and Lodha still splitting hairs over Priyamvada will

It all began in 2004, when the former chairman of Birla Corporation, Priyamvada Birla, died

EY sets 18-month timeline for merger of three insurance companies

It will also conduct a valuation exercise of the assets of the firms

From Zomato to Swiggy, food delivery companies set to face more heat

Another hotel and restaurant body plans protests against Zomato

H&M inks agreement with Myntra to cash in on online fashion boom

H&M gets over 15% of its sales from online channel in India, which is higher than its global average

Reliance Jio tops 4G download speed chart in July, BSNL fastest in 3G

BSNL, Vodafone and Idea recorded average upload speed of 1.2 Mbps on 3G network in July, while Airtel registered a lower upload speed of 0.6 Mbps

Cash-strapped DHFL makes fresh default on Rs 1,571-crore bond repayments

The defaults pertain to three cases with regard to interest payment on non-convertible debentures and commercial papers (CPs), DHFL said in a regulatory filing

Ravinder Takkar replaces Balesh Sharma as CEO of Vodafone Idea

Ravinder Takkar, an experienced global executive, is currently a Board member of Vodafone Idea and Indus Towers where he is responsible for all Vodafone Group interests in India

Vodafone Idea, Bharti Airtel continue to lose users; Jio adds 8.26 million

Jio's addition of 8.26 million customers in June was higher than the 8.18 million it reported in May

NBFCs, HFCs, listed firms no longer need debenture reserve to raise funds

On the other hand, banking companies and all India financial institutions are already exempted from creating DRRs

Around 58% luxury apartments still unsold in Mumbai, says Icra report

Total value of unsold inventory in central Mumbai is estimated to be Rs 45,000 crore, while that for Mumbai city stands at Rs 83,000 crore

Colgate loses grip as market share in toothpaste segment down 52%

From about 58 per cent in the June 2015 quarter, the market share is down to 52.1 per cent in the June 2019 quarter, a decline of about 600 basis points

PepsiCo places its chips in southern markets with local tastes, food habits

The company finesses the regional game for Lay's and Kurkure, acquires local tastes and habits to beat back competition from home grown snack makers

Valuation hurdle for Ujjivan and Equitas SFBs; stocks fall over 1%

Analysts say the holding company discount could exceed 50 per cent considering their shareholding structure

Adani Group likely to acquire 72% stake in Andhra's Krishnapatnam Port

Unconfirmed reports put the proposed deal value at over Rs 5,500 crore

Cholamandalam eyes mortgage-finance segment, to offer Rs 15 lakh loans

The company will target buyers of low-cost homes and offer loans of as much as Rs 15 lakh

From Home Centre to HomeTown, rivals gear up as IKEA steps into Mumbai

HomeTown and Homestop to expand their product portfolios, tapping a wider set of consumers

Facebook contractor hikes minimum wages for Indian content reviewers

Based on job adverts and employee paystubs, Reuters reported earlier that the starting salary for some graduate content moderators was just Rs 100,000

Passenger vehicle sales drop 11% YoY, but up 4% MoM on monsoon revival

Sales of passenger vehicles and two-wheelers drop YoY in July even as two segments perform better than June

Cognizant boosts bench strength of leaders after spur of high-level exits

Experts say this is a step in the right direction for the firm to regain its competitive edge

FMCG not as badly hit by slowdown as some other sectors: Nestle India CMD

Firm's chief says double digit will be difficult, but the kind of issues faced by other sectors may not get replicated in FMCG, as it still has plenty of low-payout, low-budget essentials