Page 3612 - Company News

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

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