Page 3664 - Company News

DGCA finds safety lapses by IndiGo, issues show cause notices to executives

DGCA had carried out the audit at the IndiGo office in Gurgaon on July 8 and July 9, sources told PTI

After waiving RTGS, NEFT fee, SBI to make IMPS transactions free from Aug 1

Before July 1, SBI used to charge between Re 1 and Rs 5 for transactions through NEFT, and Rs 5-50 for RTGS route

Last-minute ad rates down over 50% as India bow out of World Cup

While Star was expecting around Rs 1,800 crore as ad revenues from the television and digital media, it may end up getting Rs 1,500-1,600 crore now

ITC chairman Puri sees firm leading in all segments in maiden AGM address

Last fiscal year, the company launched 50 products to build existing categories and acquired Charmis brand of face cream and Nimyle floor cleaners to gain entry into new segments

Shriram Transport Finance to raise $250 million from global markets

The company will use the proceeds for onward lending and other activities

How Zara's $70-polka dot dress beat big data to be fashion hit of summer

It starts with Zara's army of store managers, who communicate what's selling and what trends are emerging to the commercial team within Inditex's sprawling head office

Dutch bankruptcy administrator moves NCLAT on Jet Airways insolvency case

Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways

Apple's India-made iPhones to hit stores next month; price drop likely

Apple's devices are coveted by millions of Indians, but its premium pricing has limited its market share to a meagre 1% to the gain of rivals such as China's OnePlus

Twitter suffers second global service disruption in little over one week

The service interruption was confirmed on Twitter's status page, which said there was an "active incident" that affected the platform's normal operation.

Reliance Infra lenders sign debt resolution pact; stock jumps nearly 11%

The move follows multiple developments in the company and the group in the past one month

Religare Enterprises to sell home loan arm, NBFC business to TCG

RFL has an asset base of Rs 7,000 crore, which includes Rs 4,500-crore SME loan book

Fixed-income traders to keep jobs, says Deutsche Bank's Ram Nayak

Fixed income has been a traditional strength of Deutsche Bank's investment banking activities

Ford- Volkswagen alliance seen amping up pressure on other automakers

Ford and VW have scheduled a press conference for 8 am on Friday in New York to update investors on the alliance

Cash-strapped DHFL gets 7 days to finalise and present a resolution plan

The resolution plan will also entail additional lines of credit from the consortium

Reliance Industries, IOC to gain from Budget move on PVC, naphtha

Analysts with Prabhudas Lilladher expect the hike in PVC customs duty to help improve RIL's earnings

Strong domestic business shot in the arm for Torrent Pharma stock

Turnaround of acquired Unichem biz, improving margins, and large brands to aid earnings

Hiranandani Group plans to build data centres under the brand Yotta

Niranjan Hiranandani, chairman of the group, said that the firm aims to become a leader in the data centre space

IndiGo turbulence: Street cautions investors against checking in

The spat between promoters could see the stock drop further before it stabilises, said analysts

Lenders to troubled McLeod Russel go to SBI Caps for loan restructuring

A similar restructuring of loans is being considered by the lenders for another Williamson Magor entity, McNally Bharat Engineering

Ahead of 5G rollout, key fibre players invest big to expand capacity

Apart from China, the largest consumer of fibre, demand across the world is expected to rise as more countries move to 5G