Page 3649 - Company News

Why Ritesh Agarwal's $2-bn deal to hike his stake in Oyo to 30% is a riddle

SoftBank, OYO's largest investor, already owns 46% in the Gurugram-based company

Airtel to ask shareholders to waive off excess pay to Sunil Mittal, CEO

Bharti Airtel will seek the approval at its annual general meeting to be held on August 14 in New Delhi

Reliance says its main gas fields in KG-D6 block in late life stage

The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the years of decline in production

Etihad, Hinduja Group back at the deal table for grounded Jet Airways

Etihad had submitted a conditional offer for a minority stake in the airline earlier under the lenders-led bid process in May

TikTok parent ByteDance plans to set up international data centre in India

The company has set an internal target of 6-18 months to set up the data centre

MakeMyTrip, Yatra, Cleartrip look beyond offers and discount-led pitches

Loyalty on the radar, online travel agents sharpen the hook

Top industrialists to attend launch of UP projects worth Rs 60,000 crore

Work on 215 projects in sectors ranging from agriculture, tourism, and green energy will start with the ground-breaking ceremony

Kerala CM rejects allegations of not supporting Nissan's digital hub

Chief Minister Pinarayi Vijayan said Nissan is satisfied with his government's policies for the Global Digital Hub

Tata Motors MD draws over two times more salary than M&M's in FY19

Tata Motors Managing Director and CEO Guenter Butschek's total remuneration was at Rs 26.29 crore, an increase of 1.57 per cent from the previous year

K M Birla's remuneration from UltraTech falls 18.8% to Rs 15.5 crore

Birla, 52, had received an annual salary of Rs 19.13 crore in FY 2017-18

Jio to keep adding subscribers despite decline in average revenue per user

Jio says it is keen to have more subscribers on long-term plans, even if this negatively affects revenue

Reliance Industries faces headwinds from US-China rift, exports down 4.5%

The company added the impact was on products like high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE)

McLeod Russel rejigs board amidst potential insolvency proceedings

Pradip Bhar, a cost accountant by profession, who was associated with WMG for over 31 years, has taken charge as the firm's new CFO

Goldman-HDFC JV bets big on student housing, plans 75,000 beds in 18 months

They are adding capacity through acquisitions, beside new projects

Embassy likely to mop up additional 14% stake in Indiabulls Real Estate

Gehlaut to sell additional stake in a week

Kumar Mangalam Birla is Century Textiles chairman after grandfather's death

Kumar Mangalam Birla joined the board of Century Textiles in 2006 and in 2015 became its vice-chairman.

IFCI aims to raise up to Rs 2,000 cr by selling non-core assets this fiscal

The fund infusion will help shore up IFCI's capital and enhance operations

Eager to assemble more cars locally, but high taxation a hurdle: JLR India

The company said lowering of GST from the current 28 per cent to 18 per cent would help the industry recover from the slowdown and in turn spur employment generation

Private insurance firms make windfall from Railways' insurance scheme

Under the scheme, a sum assured is paid to the victim/family or legal heir of the victim as the case may be in case of death/injury of reserved passengers due to train accident/untoward incidents

IL&FS crisis: Sebi expands probe into role of 5 credit rating agencies

Officials said the regulator is now looking into possible systemic lapses at all five rating agencies