Page 3635 - Company News
Nalco, MECL, HCL forge joint venture company to hunt mine assets abroad
The JV company has the mandate for acquisition, exploration & processing of strategic minerals abroad for commercial use and for supplying to meet the domestic requirement
 "Nalco, MECL, HCL forge joint venture company to hunt mine assets abroad")
Loss-making BSNL, MTNL fail to pay July salaries to 198,000 employees
Salary of employees is credited to their accounts on the last date of every month. However, this is for the second time the two companies have defaulted on payment of salaries this year
 "Loss-making BSNL, MTNL fail to pay July salaries to 198,000 employees")
After Canada's Cirque du Soleil, BookMyShow to bring NBA to India
The country will host the first ever live NBA match in October this year
 "After Canada's Cirque du Soleil, BookMyShow to bring NBA to India")
Zee may have offloaded its stake but it isn't enough to satisfy investors
Apart from the debt burden, Zee is also facing competition from Netflix Inc., Amazon.com Inc. and hundreds of local TV channels vying to serve India's booming demand for content
 "Zee may have offloaded its stake but it isn't enough to satisfy investors")
TVS Motor two-wheeler sales down 13.7% in July, three-wheeler sales up 3%
Total two-wheeler sales declined 13.7% to 2,65,679 units in July from 3,07,856 units in the corresponding period last year
 "TVS Motor two-wheeler sales down 13.7% in July, three-wheeler sales up 3%")
Affirma Capital completes $1-bn management buyout of Stanchart's PE biz
Affirma Capital, with assets under management (AUM) of $3.6bn and over $700m for new investments, has been spun out of Standard Chartered Bank after a complex three-year process
 "Affirma Capital completes $1-bn management buyout of Stanchart's PE biz")
Private equity firm Affirma Capital to invest $50 mn in Tirupati Group
Established in 2005, Tirupati Group has since grown to become a leading value added contract research and manufacturing company for nutraceutical supplements in India
 "Private equity firm Affirma Capital to invest $50 mn in Tirupati Group")
'Inquisition': Siddhartha's death fuels India Inc's anger against crackdown
A letter attributed to Cafe Coffee Day founder V.G. Siddhartha blames tax authorities for 'harassment'.
 "'Inquisition': Siddhartha's death fuels India Inc's anger against crackdown")
IT majors meet Piyush Goyal, flag barriers in accessing in China market
The meeting was attended by senior managers of TCS, Satyam Venture Engineering, HCL, NIIT Tech, Infosys, Invento Robotics, Tech Mahindra and Wipro
 "IT majors meet Piyush Goyal, flag barriers in accessing in China market")
Byju's to replace Oppo on Team India jersey after West Indies tour
BCCI will continue to receive the same amount from Byju's and will be at no loss for the entire duration of the deal
 "Byju's to replace Oppo on Team India jersey after West Indies tour")
Byju's replaces Oppo to become new sponsor of Indian cricket team
BYJU'S will now be seen on the Indian team jersey from September when the home series against South Africa begins, while India will continue to don the Oppo jersey for its tour of West Indies
 "Byju's replaces Oppo to become new sponsor of Indian cricket team")
Edtech firm Byju's replaces Oppo as Indian cricket team's sponsor
Byju's will now be seen on the Indian Team Jersey from September 2019 - South Africa Home series onwards
 "Edtech firm Byju's replaces Oppo as Indian cricket team's sponsor")
HC scraps trial court order against RIL executives in documents leak case
The case relates to recovery of four secret documents pertaining to government policies on subjects of interest to Reliance Industries Ltd from the company's office
 "HC scraps trial court order against RIL executives in documents leak case")
Future Group to launch new PoS system with payment tech firm LivQuik
The platform, based on Poynt's 'Smart Terminals', would be an Android-based operating system and have cloud-enabled management tools
 "Future Group to launch new PoS system with payment tech firm LivQuik")
Motoring change: Third-party liability to remain a sore point for insurers
Proposed motor vehicle law removes cap on liability, sets minimum compensation of Rs5 lakh for death
 "Motoring change: Third-party liability to remain a sore point for insurers")
Vehicle recalls set to get a codified route
The Motor Vehicles Amendment Bill has proposed changes to issues around vehicles and road safety
 "Vehicle recalls set to get a codified route")
Amazon signs pact with GMR to expand its biggest fulfilment centre in India
The move will help Amazon, which is locked in an intense battle for market leadership with Walmart-backed Flipkart, to deliver products faster as the festive season approaches
 "Amazon signs pact with GMR to expand its biggest fulfilment centre in India")
Strong Latin American performance saves the day for UPL during Q1
As India and Europe business saw muted performance, Latin America growth pulls up UPL's performance
 "Strong Latin American performance saves the day for UPL during Q1")
Bajaj Auto's sales down 5% at 3,81,530 units in July, exports up 8%
Total motorcycle sales stood at 3,22,210 units, a decline of 3 per cent, as compared to 3,32,680 sold in July last year
 "Bajaj Auto's sales down 5% at 3,81,530 units in July, exports up 8%")
IT major Cognizant posts 11.6% increase in Q2 net profit to $509 mn
Cognizant CFO Karen McLoughlin said the second-quarter results were in-line with its guidance, and the company is set to achieve its full-year outlook
 "IT major Cognizant posts 11.6% increase in Q2 net profit to $509 mn")