Page 3607 - Company News

ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production

The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields

Here's why Novartis CEO thinks FDA process could have been handled better

Novartis has said that it learned of the data manipulation on March 14 and alerted the US Food and Drug Administration

Mahindra's first automotive assembly plant in Sri Lanka inaugurated

The assembly plant is in collaboration with Ideal Motors of Sri Lanka

How one billionaire kept three nations hooked on coal for decades

The story of Adani and its Australian project illustrates why the world keeps burning coal despite its profound danger

Founder Goyal admits to 'mistakes', plans to alter Zomato Gold scheme

Zomato Gold began last year as an exclusive, invite-only service, targeted at high-end restaurants serving niche customers who may already be their patrons

Home repainting biz adds gloss to paint firms' Q1 show in times of slowdown

Growth came despite a sustained slowdown in the automotive and construction segments, both of which are key users of paints

Coffee Day seeks more time from creditors to repay Rs 4,970-crore debt

After the demise of Coffee Day founder V G Siddhartha last month, this is the first time the group gave a clear picture of its overall debt position

SoftBank plans to lend up to $20 billion to employees to invest in new fund

The loans are likely to have an interest rate of about 5%

Gaurs group sold 1,350 properties worth Rs 520 crore during Q1FY20

Gaurs group achieved a 25% increase in sales bookings at nearly Rs 4,000 crore during the last financial year

Ahmedabad-bound IndiGo aircraft returns to Mumbai airport after engine snag

It was a VT-IVZ plane, an A320neo aircraft with a Pratt and Whitney engine

Airbnb records 30% growth in Q1 booking strength, says report

Airbnb had about $3.5 billion in cash on its balance sheet as of March 31, the source said

Two RCom promoters pledge 11.5% more stake in Axis Trustee services

A BSE filing on pledge of RCom shares in favour of Axis Trustee Services showed that fresh pledge of 31.82 crore shares was created on August 16, 2019

Ravi Shankar Prasad postpones meet with CEOs of electronic companies

The meeting is now likely to be held on September 16, 2019

Ashok Leyland unveils severance schemes as staff protest continues

Union sources said if the management does not take a call on the issue 'amicably' they would be forced to intensify their stir next week by going on a hunger strike

Auto slowdown: Hyundai halts production for several days at Chennai unit

Move follows similar steps taken by Maruti, Toyota, Mahindra, Ashok Leyland, Tata Motors and TVS Group firms to beat crisis

TVS Motor's Singapore arm invests $3.2 mn in analytics firm Predictronics

Predictronics is an AI-driven predictive maintenance analytics solutions provider

Slow revenue growth of top four US banks likely to affect Indian IT firms

According to the HSBC report, top line growth of the top four US banks fell to around 2 per cent in the second quarter ended June this year, as compared to around 5 per cent in the previous year

ED attaches Usha Martin assets worth Rs 190 cr over illegal iron ore sales

Mineral sold was meant for firm's captive use; attached properties pertain to Usha Martin's wire rope business, mines were transferred earlier to Tata Steel as part of steel biz sold

Cipla shareholders approve proposal to raise up to Rs 3,000 crore

In a regulatory filing, Cipla said 99.68% shareholders polled in favour of the resolution to raise funds

Zomato Gold has 1 million subscribers, but for investors it's not a feast

Sources said that Zomato has been told by investors that it has to make a host of internal changes, including doing a complete revamp of Gold before its next funding round