Page 3645 - Company News

Under TPV's banner, Philips eyes spot among top 5 Indian TV producers

Under an agreement, TPV has global licensing rights to manufacture and sell Philips branded TV and audio

Apollo Hospitals promoters look for partner to release pledged shares

The primary aim is to bring down our pledge over next one year, Suneeta Reddy, managing director of Apollo Hospitals Group said

How JP Morgan colluded with Amrapali Group to divert funds, dupe homebuyers

JPMorgan invested around Rs 85 crore in an Amrapali Group company's shares and later sold them to an office boy and nephew of the auditor for Rs 140 crore

Nasscom takes SME delegation to US to strengthen strategic alliances

Said to be a one-of-its-kind engagements programme, the delegation of small and medium enterprises visited several states in the US

Facebook to pay civil penalty of $5 bn to settle allegations by US FTC

The fine will mark the largest civil penalty ever paid to the FTC

The Jet Airways insolvency case brings to fore grey areas in aviation law

One of the issues is how long the airline can enjoy rights over its parking slots at airports

RIL overtakes IOC as highest ranked Indian company on Fortune 500 list

RIL's revenue soared 32.1 per cent from $62.3 billion in 2018 to $82.3 billion in 2019. In comparison, IOC clocked a 17.7 per cent growth in revenue from $65.9 billion to $77.6 billion

As penalties loom, how true is telecom's financial distress narrative?

According to sources, the DCC asked the Trai to consider reducing recommended penalties on the violators of licence conditions "in view of the health of the sector"

L&T puts up decent results in June quarter amid weak macro environment

While order inflow was healthy led by domestic projects, improved execution in select private sector and power segment supported growth

Nissan plans to cut more than 10,000 jobs around the world: Report

The additional cuts come on top of the 4,800 jobs Nissan announced in May

India Inc to witness double-digit salary hike this year, says report

The report analyses hiring and salary trends across industries, providing an overview of unified salaries across temporary and permanent profiles

PayPal considers data localisation for India, sets up operating centre

The RBI had, in April last year, asked payment firms to ensure their data were stored exclusively on local servers, setting a tight six-month deadline for compliance

ICIJ-Mauritius leaks: Jindal Steel, GMR Holdings among firms named

Findings trace past linkages of Jindal Steel & Power, GMR Holdings, Apollo Hospitals, Kolte-Patil Developers to such entities

Hotel Leelaventure-Brookfield deal: Sebi orders further scrutiny

In April, the board of Leela had floated an ordinary resolution for sale of assets - which included hotel properties in New Delhi, Bengaluru, Udaipur and Chennai - to Brookfield for Rs 3,950 crore

GSK Pharma's health gets boost from focus on top brands' yields

The company is focusing completely on promoting its top twenty brands, including the antibiotic Augmentin, and antipyretic Calpol

Jet Airways HQ owner wants resolution professional to vacate premises

The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March, says Luckystar Property Holdings, legal owner of the premises, Siroya

Sebi asks Hotel Leela to disclose asset sale details with shareholders

In its order, Sebi said Hotel Leela should provide various additional disclosures in the postal ballot notice, including all relevant details of each of the sale transactions

JK Paper consolidated net profit rises 29.7% to Rs 123.45 crore in Q1

The company had posted a net profit of Rs 95.19 crore in April-June quarter a year ago, JK Paper said in a BSE filing

Zee Entertainment consolidated net profit rises 63% to Rs 530 crore in Q1

The net profit was driven by a 108.9 per cent increase in other income of Rs 103.9 crore

Defying govt freeze, Air India promotes 7 employees: Official document

According to sources, earlier this month, the DIPAM had asked the national carrier to freeze all promotions and fresh appointments as it is planning to start airline's disinvestment process soon