Page 3639 - Company News

Kansai Nerolac shines on sales growth in Q1; stock gains about 7%

Employee costs and other operating expenses as a percentage of net operating income fell to 21.2% in Q1, from 22.3% a year back

Voda Idea losses spill over to other AB Birla group firms; m-cap down 6.2%

Vodafone Idea now has a m-cap of Rs 19,454 crore against Rs 39.942 crore at end of last month

Vodafone Idea stock plunges over 26% on weak June quarter result

Since launch of minimum service recharge plans firm loses 67 mn subscribers

Vodafone Idea to shut m-pesa biz, waives Rs 210 cr to close payments bank

Vodafone Idea CEO Balesh Sharma attributed regulatory changes for the payments bank business and deterioration in health of telecom sector to the decision

Amul butters its way into cookie market, takes on rivals over their fare

The playbook is a familiar one for the GCMMF, one that it used a couple of years earlier when it went head-to-head with Hindustan Unilever over ice-creams

Taiwan's CPC Corporation can't find land for Odisha petrochem project

Taiwanese company promised investment at Make in Odisha conclave held in November 2018.

Strides Pharma announces JV with Chinese firm to launch its products

The development comes in the backdrop of the recent regulatory developments in China which has enabled fast track approvals of differentiated high-quality generics approved in key regulated markets

100,000 villages to bite into Cadbury as rural India develops taste for it

Illinois-based Mondelez, India's No.1 chocolate maker, said "the big bulk" of a $150 million increase in global investment this year - the first hike in five years - will be in rural India

NBCC submits plan to complete unfinished projects of debt-laden Unitech

Court seeks homebuyers', Unitech's response over plan, to next hear the matter on August 9

Coal crunch shuts down three units of NTPC's plant in Odisha's Kaniha

Power production at the plant has dwindled to 1000 Mw against its capacity of 3000 Mw

DGCA suspends licence of 2 SpiceJet pilots for one year over violations

The accident, involving a Boeing 737 plane coming from Jaipur, happened on July 1. It had also led to closure of Mumbai airport's main runway for more than three days before the aircraft was removed

Flipkart-owned PhonePe receives Rs 698-cr infusion from parent firm

In March this year, PhonePe had raised over Rs 700 crore from its Singapore-registered parent entity, which was a part of the $500 million commitment by Flipkart

EID Parry shuts sugar factory in Tamil Nadu, cites cane availability

Tamil Nadu, Karnataka and Andhra Pradesh are major sugarcane producers but weak monsoon for the past few years has hit production badly

Payment security mechanism to benefit gencos, may hurt discoms: CRISIL

The power ministry has made it mandatory for discoms to open and maintain sufficient letters of credit as a payment-security mechanism under power purchase agreements signed with generation companies

Mukesh Ambani, IOC's Sanjiv Singh among 10 Indians named in top CEOs list

ArcelorMittal Chairman and CEO Lakshmi Mittal is the highest-ranked Indian CEO but the ranking lists his company as a Luxembourg-based firm

Honda recalls 5,088 units of 5 models in India to fix faulty Takata airbags

The company said replacement will be carried out free of cost at HCIL dealerships across the country from July 29, 2019 and the company will communicate with customers directly

Telcos oppose allocation of 700 MHz spectrum to railways, call for auction

Telcos said the spectrum allotted to Railways for captive use should not be utilised for commercial services for passengers as such services should be provisioned by entities that hold a valid license

Despite monsoon worries, FMCG firms see pick in rural demand by year-end

While lower sowing is a cause of worry, the government's decision to offer an increase in MSP may help the farmers boost their income and hence, their spending capacity

Malaysia's Petronas, Japan's JXTG may buy stake in Bina refinery: Report

The Bina plant in central India, capable of processing 156,000 barrels per day (bpd) of crude oil, is operated by Bharat Oman Refineries Ltd

IOC, Adani to invest Rs 9,600 crore in gas projects in 10 cities

The two firms in 2013 had incorporated a 50:50 joint venture company, IndianOil-Adani Gas Pvt Ltd, for implementation of city gas distribution projects in various cities in the country