Page 3622 - Company News

Syndicate Bank expects to recover Rs 4,000 cr in bad loans in FY20

The bank has recovered about Rs 800 crore in the first quarter and the target for the current fiscal is Rs 4,000 crore, said Syndicate Bank Managing Director Mrutyunjay Mahapatra

Reliance Industries to earn $990 mn in fuel retail deal with UK's BP Plc

Aramco agreed to buy a 20% stake in Reliance's oil refining and petrochemicals division

Etihad says not feasible to reinvest in Jet, cites unresolved issues

Jet Airways, which shuttered operations on April 17, is undergoing insolvency proceedings and at least three entities have put in initial bids for the carrier

Sundaram BNP Paribas Home Finance cuts lending rate by 10 basis points

Acharya, MD of Sundaram BNP Paribas, said the company did not face any liquidity-related issues this year and was comfortably placed in terms of fund raising

RCap in talks with 4 investors to divest stake in Reliance Home Finance

Reliance Home Finance is also looking to wind down its book and focus on the retail segment, which is valued at about Rs 4,000 crore

Reliance New Commerce initiative to digitally connect kirana stores

Mukesh Ambani said that the trials of Reliance Retail's digital commerce venture have delivered positive results

iSPIRT co-founder admits trolling anti-aadhaar activists

Will set up committee to probe charges of its members anonymously trolling the activists

RIL to become zero net-debt company in 18 months: Mukesh Ambani

The statement came in the wake of rising debt at the group level that reached a level of group Rs 1,54,478 crore in the last financial year

Competition Commission admits petitions against NIIT Limited

Franchisees in Hyderabad accuse company of collecting higher revenue share, resorting to other unfair trade practices

Benelli India to double product portfolio in domestic market by 2020

Benelli currently retails six models, including the latest 500 cc Leoncino, priced at Rs 4.79 lakh (ex-showroom)

S&P reaffirms B+ rating for Tata Motors, keeps outlook 'negative'

The ratings agency has also removed the company from CreditWatch stating geopolitical risks could take longer than expected to play out

Aramco to buy 20% in RIL chemical biz for $15 bn; GigaFiber launch on Sep 5

As part of the deal, Saudi Aramco will supply 500,000 barrels per day of crude oil to Reliance's twin refineries at Jamnagar in Gujarat

Amid talent battle, global uncertainty, top 5 IT firms hire 57% more in Q1

Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis

Unichem gets USFDA approval for high blood pressure drug Chlorthalidone

Unichem said the product will be commercialised from its Ghaziabad plant

Natco Pharma's API facility near Hyderabad gets 6 USFDA observations

The company said that key points of the observations in Form 483 are the supplier and service provider agreements to be made more robust

Some Zomato delivery partners to go on strike, refuse to deliver pork, beef

There is a small group of partners in Howrah who have raised concerns, and we are looking to resolve the issue as quickly as possible, Zomato said

SoftBank in talks to buy stake in Bharti Airtel's telecom biz, other assets

Talks are in initial stages for direct or indirect holding in telco or other assets

Content players in entertainment space are in a sweet spot right now

The second of a three-part series analyses how the entertainment industry is skyrocketing with the demand for original content created by OTT players

From auto to watches, superluxury manufacturers feel the pinch of slowdown

Slowdown overwhelms high-end auto, watches, apparel and most of real estate segments

Anil Agarwal submits an expression of interest to revive Jet Airways

Agarwal submitted the EoI through his family investment arm Volcan Investments before the close of the bid process on Saturday afternoon