Page 3625 - Company News

May not be able to repay due in the near future: DHFL to stock exchanges

Banks have an exposure of Rs 40,600 crore to DHFL as on March 31

IndiGo's value has to be preserved; will see if companies law broken: Govt

Rakesh Gangwal and Rahul Bhatia -- promoters of the country's largest airline IndiGo -- are fighting over corporate governance matters

CARE downgrades Voda Idea credit rating on weak financial showing

The development comes within two days of another rating agency Crisil downgraded credit value of Vodafone Idea

Vodafone Idea and Airtel: A tale of two rights issues in telecom sector

While the Airtel stock has soared 72 per cent since the issue, that of Voda Idea has dropped to half of where it started off

NCLAT raps MCA, IL&FS board over delay in presenting resolution plan

Appellate tribunal to next hear matter on September 5, asks MCA, IL&FS board to file progress report by September 3

Weak volumes take sheen off UltraTech Cement's Q1 show; stock falls over 2%

Better realisations though helped post strong profitability and helped company beat analysts' expectations

De Beers targets young India to boost sales of diamond ornaments, solitaire

De Beers which contributes nearly 35 per cent of the world rough diamond supplies, has projected to cut production of rough diamond supply in 2019 to 31 million carats from 35 last year

NMDC plans special purpose vehicles with state govts to set up steel plant

NMDC has also sought (from the Union government) iron ore allocation in Jharkhand and Karnataka for this purpose

From Khadim to S Chand & Co: 11 cos' market-cap slips below IPO issue size

There could be more pain in store for these stocks as analysts expect the markets to remain under pressure for some more time given the domestic and global developments

Ramdev's Patanjali takes an ad break, slides down the brand ladder

The brand's incessant and belligerent advertising seems to have hit the pause button; once a permanent fixture on TV, it has slipped off the list of its top 10 advertisers

Govt selects 4 auditors to check if IL&FS made fraudulent transactions

The move comes even as the ministry awaits the NCLT view on banning Deloitte, Haskins & Sells and BSR Associates, which were the statutory auditors of these companies before going belly up

Emami targets 8-10% sales growth despite rural slowdown, price hike

Emami's dependence on rural India is higher as it accounts for around 50 per cent of its revenues which is largely driven by wholesales and indirect distribution channels

Mercedes-Benz launches new finance schemes to attract buyers in dull market

A 'Wishbox' scheme includes a zero and lower down payment plan; also, an aggressive offer that allows customers to own two cars in a span of four years

Reliance Capital board denies all violations, may drag PwC to court

The board alleged PwC chose not to attend the audit committee meeting on June 12 despite being invited and resigned abruptly

Flipkart ties up with Lifestyle to tap $100-billion fashion market

The partnership aims to help the Walmart-owned e-commerce company in its battle with rival company Amazon to tap the booming fashion retail business in the country

Billionaire tycoon Kumar Mangalam Birla hires Stanchart and Goldman bankers

Aditya Birla Group appoints Standard Chartered dealmaker Sandeep Agrawal as head of corporate finance.

Adani Enterprises commits Rs 10,000-crore capex for airports business

The capex includes up-front payment of Rs 3,600 crore for 6 airports

Sprinter Dutee Chand strikes two-year endorsement deal with Puma

The firm said it was helping Chand with her training needs to qualify for next year's Tokyo Olympics

Aurobindo Pharma gains nearly 8% on growth prospects in US market

The completion of Sandoz acquisition and new product launches are triggers

Berger comes up with flying colours in Q1, stock gains 7% in 3 days

While distribution and expansion plans improve volume growth visibility, benign input cost could help push up profitability