Page 3608 - Company News

Bengaluru IT park sale to reduce debt burden to Rs 1,000 cr: Coffee Day

The financial position and asset base of the Coffee Day Group will be comfortable to service the debt obligations of the entire group in full

Coffee Day Group's Sical Logistics seeks one-time moratorium from lenders

Sical has been working on the divestment of certain assets and the proceeds from divestment are expected to significantly reduce the company's debt

PSBs may ease credit access to automobile dealers to boost sales

Banks looking to reduce their exposure to the troubled industry have been demanding 25 per cent collateral for inventory financing

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

Predictronics Corporation, a US corporation, headquartered in Cincinnati, Ohio, has expertise in industrial internet of things, industrial AI, big data, machine learning, and predictive analytics

Over 80 payments apps face an uphill battle to turn the country cashless

Many merchants, especially in rural areas, remain unable or unwilling to accept digital transactions due to network connectivity issues and reluctance to pay charges for low-value transactions

Amtek Auto heads for liquidation; NCLAT clears the way for the process

Amtek Auto's total debt stands at Rs 12,603 crore, liquidation value of assets nearly Rs 4,120 crore

ED unearths $400-million fund diversion at Religare Enterprises

ED is learnt to have summoned Singh brothers along with close associate N K Ghoshal

Jet Airways creditors' claims balloon to Rs 30,558 cr as revival hopes fade

So far as the operational creditors are concerned (excluding the employees), the RP has admitted Rs 3,321 crore of claims

Now, start-ups can issue shares with differential voting rights

Such shares have rights disproportionate to their economic ownership

Adani group's cases listed out of turn in SC: Advocate Dushyant Dave

Despite requests from respondent advocates to not take up the matter, Dave in his letter alleged the matter was heard on May 24 by Justice Mishra and Shah and judgment reserved in the same

State-run oil firms to deliver petrol at doorstep, expand diesel service

The companies plan to have at least 500 doorstep fuel delivery vehicles by the end of this financial year (FY20)

Adani finds mine-development contracts more promising than trading

The company has one fully operational MDO; two more MDOs have started and another seven are under development

Fitch too downgrades Macrotech Developers on low liquidity concerns

Fitch said the risks around Macrotech's ability to meet domestic debt maturities of Rs 2,000 crore, Rs 5,000 crore, and Rs 4,600 crore in FY20, FY21, and FY22, respectively, are rising

GoAir plane to Bangkok returns for want of navigation, approach charts

The plane took off later with 146 passengers to Bangkok, according to an airline spokesperson

Reliance's gen next: Mukesh Ambani grooms heirs to his $50 billion fortune

Mukesh Ambani has credited his children, Isha and Akash, with helping to nudge him into the internet business.

Walmart International Q2 operating income declines 29.6% due to Flipkart

But the US retail giant is building a collection of strong businesses through Flipkart, says CEO Doug McMillon

'Part of the business': Maruti says 3,000 temporary jobs cut in slowdown

Maruti chairman R C Bhargava wants the government to reduce taxes to help the automobile industry

Slowdown impact: Ashok Leyland starts staff separation schemes to cut cost

The company had earlier said it was implementing cost-cutting measures to save around Rs 500 crore to mitigate the impact of slowdown in the market

The Range Rover Sport review: It is an SUV with a sense of occasion

The Range Rover Sport isn't the vehicle to take for a spot of vegetable shopping

The Toyota Camry Hybrid Electric Vehicle blends luxury with practicality

The new Camry Hybrid is priced just a shade lower than the Audi A4