Page 3605 - Company News

Ravinder Takkar appointed Vodafone Idea CEO; Balesh Sharma steps down

Ravinder Takkar, currently Vodafone Group's representative in India, will be appointed as the new MD and CEO with immediate effect, the company said in a statement

NTPC plans to spend Rs 20,000 cr on 5,000-Mw ultra mega solar park in Kutch

Company has identified a few locations already, is also exploring spot sales of solar power without getting into PPAs

IndiGo and SpiceJet to shift operations to Delhi's terminal 3 from Sept 5

SpiceJet will shift its operations entirely while IndiGo will move partially from T2 to T3. Delhi International Airport Limited said, it is carrying out expansion work at T2

Delay in Q1 results due to insolvency proceedings consolidation: Videocon

The Venugopal Dhoot-promoted Videocon Group owes over Rs 90,000 crore to various public and private sector banks

Voda Idea, Airtel lose over 4 mn users in June; Jio and BSNL gain: Trai

Vodafone Idea shed 41.45 lakh subscribers, and Bharti Airtel 29,883 customers during June, while the Jio continued to add customers at a breakneck speed

Hiring intention stable at 53.41% during Apr-Sept 2019: Experis Survey

The hiring outlook of 53.41 per cent is led by IT companies, with 36.41 per cent expressing positive hiring sentiment, followed by 17 per cent non-IT companies

RIL upside on asset monetisation, refining mkt rebalancing: Morgan Stanley

RIL announced agreeing to a non-binding letter of intent from Saudi Aramco regarding proposed investment in its refining, petrochemicals, and fuel marketing business

IL&FS payment default case: ED summons Raj Thackeray, Manohar Joshi's son

Thackeray and Joshi had jointly bid for some assets after creating a consortium but later the MNS supremo quit

Airtel appoints Netmagic's Rajesh Tapadia as CEO of cloud arm Nxtra Data

Tapadia brings with him a experience of over 24 years with organisations like Netmagic Solutions, Trimax, Global Cloud Xchange, Genpact and Reliance Infocomm

Tata group's retail chain Trent bucks the trend, shines amid gloom

Affordable pricing, contemporary designs and efficient supply chain keep cash registers ringing

Unnerved by Reliance Jio offer, leading multiplex companies hit back

Say will not screen films that are released on OTT simultaneously

Credit rating agencies likely to get access to loan default details

This new norm will address rating agencies' complaints about not getting full disclosures about the potential credit risks of securities

Canada's Brookfield makes a foray into development management business

Undertakes commercial project for Pune landlord

Corporate debtor needs immunity from criminal liabilities: JSW Steel MD

Seshagiri Rao pointed out a clarification on immunity to corporate debtor was required as there could be claims from other departments of govt which could eventually result in some problem

Credit rating agencies, auditors on ED radar in IL&FS charge sheet

Agency plans further probe to establish charges of concealment and collusion with former IL&FS brass; to file additional charge sheet soon

Sun Pharmaceutical's US specialty ramp-up still slow, say experts

Sun's focus on specialty comes at a time when its US revenues are under pressure owing to competitive intensity

Criminal offences in Companies Act to be slashed, govt mulls 65 changes

The offences punishable with imprisonment, a fine, or both are compoundable, and offences punishable with imprisonment and a fine are non-compoundable

Explained in 7 charts: Cause and magnitude of automobile slowdown

While auto parts exports have remained unchanged, car and two-wheeler exports have shrunk, suggesting that demand for completed vehicles is a bigger worry in global markets for Indian auto players

IT companies fume over double taxation avoidance treaty with Australia

India is the leading sourcing destination across the world, accounting for approximately 55 per cent market share of the $185-190 billion global services sourcing business in 2017-18

Britannia to scale up milk sourcing across India, boost dairy business

The company has 25-30 milk centres in Maharashtra that collect up to 25,000 litres of milk daily