Page 3665 - Company News

Vistara spreads wings, plans to launch flights to 4 overseas destinations

The airline on Thursday announced its maiden international flights to Singapore beginning August 6

From Celin to Septran, GSK Pharma sold 8-10 tail-end brands in FY19

The firm's FY19 annual report shows that it fetched Rs 5 crore during the year from the sale of brands

Shangri-La Group plans to set up 5 new hotel and resort properties in India

The two existing Shangri-La hotels are located in New Delhi and Bengaluru

Tata Steel plans to make European operations sustainable on its own

For the most part since acquiring the Europe operation, Tata Steel's business in India has been funding the former

UCO Bank reduces bad debts, aims to be out of RBI's lending curbs by 2020

State-owned lender aims to returns to profits by lending to home-buyers and small businesses.

Vedanta eyes 70% topline growth in 3 yrs on Rs 55,000-cr capex programme

The company has completed a Rs 10,000 capital expenditure in the just concluded year

Axis Bank says will lend cautiously over new emerging risks in economy

The comments come even as the banking system is coming out of the bad loan mess which has afflicted it for over the past five years

RInfra claims 100% lenders have signed agreement for resolving debt

With the signing of the inter-creditor agreement, it has got a standstill period for 180 days

Anil Ambani group plans $3.2-bn asset sales to pare big debt

Ambani is waging a war on debt. He said on June 11 that his Reliance Group repaid Rs 350 billion in the past 14 months through asset disposals.

Religare to sell entire stake in housing finance unit, NBFC arm RFL to TCG

Shares of Religare Enterprises traded 9.99% higher at Rs 42.95 apiece on the BSE

Bharat Forge JV bags $100-mn Israel defence firm order for missile kits

Bharat Forge shares were trading up 3.42% at Rs 458.35 apiece on the BSE

Vedanta spent Rs 10,000 cr on capex in FY19, plans another 55k cr

Vedanta stated that its growth plans will see it becoming the world's largest zinc producer and among the top three silver producers

Commerce firm Moglix raises $60 million in a Series D round of funding

The Indian indirect purchase market is currently worth $50 billion-plus and is estimated to grow to $100 billion by 2025

Xiaomi emerges as top brand in Indian market with 27.3% share in Q3: IDC

Samsung is at the second spot in International Data Corporation's 'Quarterly Mobile Phone Tracker' report

Rivigo raises $65 million from Warburg Pincus and SAIF Partners

The company plans to utilise the money to further strengthen its technology and network coverage. Rivigo has a network coverage with more than 29000 pin codes in India

Glenmark, Torrent Pharma sign agreement to co-market diabetes drug in India

Glenmark launched Remogliflozin, indicated in the treatment of Type 2 Diabetes Mellitus in adults under the brand names Remo and Remozen

Flipkart mobile bonanza sale: Check out deals, offers on smartphones

During the mobile bonanza sale, Flipkart is also offering 10 per cent instant discount on SBI credit cards, subject to terms and conditions

Chinese brands, led by Xiaomi, rule 66% of Indian smartphone mkt: Report

Brands like Vivo, RealMe and Oppo are gaining popularity in India as well

Top 5 smartphone manufacturers have taken over about 80% of market: Report

This means the smaller players have only a 20 per cent share in the market compared to the 30.5 per cent last year and 35 per cent in January-March 2016

Oppo-owned smartphone maker Realme eyes 12-15% market share this year

Company completes first full year of operations in the country in 2019; it had seven million active users comprising 6% of the market during first quarter of current calendar