Page 3646 - Company News

Virgin Atlantic bullish on India, banks on tier-II cities for growth

Airline to revive Mumbai-London service in October, hopes to capitalise on spurt in demand and void caused by erstwhile partner Jet Airways' exit

Promoter stake in Cox & Kings down to 39% over payments default

This came in the wake of the default on commercial paper payments and rating downgrades in recent weeks

Anand Piramal makes personal investment in e-commerce firm Snapdeal

The company said its recent Snapdeal 2.0 strategy allowed it to "rapidly build a differentiated business, with a sharp focus on value-priced merchandise - the largest segment in retail"

DoT plans to move SC challenging Tata Teleservices-Airtel merger in August

Bharti Airtel on July 1 announced that the consumer mobile business of Tata Teleservices Ltd (TTSL) has now become its part

Rana Kapoor, Morgan Credits pledge 7.34% stake in YES Bank with lenders

The pledge was created in favour of the debenture trustee for the benefit of the debenture holders of Morgan Credits, the bank informed the stock exchanges

RCom default: NCLAT dismisses contempt petition against Anil Ambani

The appellate tribunal also said that it has not gone into merit and allowed the appeal to be withdrawn on May 29, 2018 after the minority shareholders and RCom reached settlement

Banks stood as mute spectators as Amrapali diverted funds: Supreme Court

Top court says Bank of Baroda, Syndicate Bank, Bank of India, and Corporation Bank did not monitor fund utilisation

Brookfield's plan to acquire cash-strapped Suzlon hits a roadblock

The source said Brookfield's offer to infuse fresh equity into the company would depend on the haircut to be taken by the banks

Raised concerns over financial numbers, loan irregularities: DHFL auditors

While stating that they were unable to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion, the auditors put out several qualifications and disclaimers

NIIT Technologies Q1 net profit up 6% to Rs 89 cr in June quarter

Gross revenue rose 19.9 per cent to Rs 959.7 crore in the quarter under review from Rs 800.5 crore in the year-ago period

Jet headquarters' owner Luckystar moves NCLT to get possession

The airline has its registered office in Siroya Centre, located in Andheri suburb of Mumbai, which is worth Rs 150 crore

Zee Entertainment reports 62.6% hike in Q1 net profit at Rs 530 cr

ZEEL's total expenses rose 6.15 per cent to Rs 1,369.99 crore from Rs 1,290.60 crore a year ago

Reliance Industries' talks on stake sale to Saudi Aramco hit roadblock

Reliance had held talks on offering Aramco at least 20% in a special purpose vehicle covering refining, petrochemicals and marketing, and with a focus on expansion

Solar rooftop player ZunRoof now in 50 cities after entering three in south

Firm will offer residential solar rooftop solutions to independent homeowners and SMEs in Chennai, Hyderabad and Kochi

Dr Reddy's launches insomnia treatment tablets in US after FDA approval

The product is a generic version of Takeda Pharmaceutical Company's Rozerem tablets in the same strength

South African court blocks Zambia's plans to sell Vedanta copper mines

Vedanta had approached the South African court due to an agreement that selected Johannesburg as the seat of arbitration

China's BAIC buys 5% stake in German automaker Daimler to cement alliance

Daimler, which produces the luxury brand Mercedes-Benz, has long worked with BAIC in China and has previously said it was possible that BAIC could purchase a stake in its capital

All 17 grounded Air India planes will be operational by October end: Lohani

Air India plans to use these aircraft on the new routes where it will start flying soon

Pine Labs opens its Android application program interface to developers

Developers can use the platform to build innovative solutions for small merchants and businesses

ED files money laundering case against Amrapali Group, promoters

ED's zonal office in Lucknow filed a case under the Prevention of Money Laundering Act early this month after taking cognisance of at least 16 FIRs registered against the group by Noida Police