Page 3667 - Company News

True North plays to its strengths, to stay away from infra and realty

True North specialises in consumer, financial, health care, and now technology sectors, and is a few months away from closing a $1.4-billion round for Fund VI

IL&FS puts Rs 2,880 acre land parcels in Kutch for sale to monetise assets

Apart from this, the company has also offered contiguous land parcels of 150-450 acres

Samsung plans 100 investments in Indian start-ups in next five years

Samsung Venture Investment Corporation (SVIC), revealed it had made maiden investments of a combined Rs 58 crore across four Indian start-ups

India Inc's FDI down over two times to $820 million in June, shows RBI data

In May, the Indian firms had invested over $1.56 billion in their overseas ventures

DGCA awaiting FAA's certification to allow Boeing 737 Max to fly in India

In October last year, a Lion Air operated 737 Max crashed, leaving 180 people dead in Indonesia

In third default in 14 days, Cox & Kings misses Rs 125-cr debt payments

The tour operator has been facing a cash crunch resulting in delays in salaries and vendor payments

NCLAT rejects HDFC's plea seeking insolvency against RHC Holding

The appellate tribunal said it found "no merits" in HDFC's petition and said that non-bank financial lenders come under the purview of the Reserve Bank of India

Lenders face higher risks from MIAL exposure, Crisil downgrades ratings

It was earlier expected that 20-25 acres of real estate monetisation would be near closure which will help shore up the liquidity levels within the first half of fiscal 2020

JLR sales decline 9.6% to 47,060 units in June, says Tata Motors

Land Rover sales were at 32,127 units, down 10.1 per cent from the same month last year

Domestic auto sales skid 12% in June, no immediate respite likely

The pain for automobile firms is unlikely to ease any time soon as weak rural demand and a delayed monsoon weigh on buyer sentiment

Recapitalisation of PSU banks will improve investor sentiment: Analysts

Experts believe there is enough opportunities for growth as capital infusion will address growth requirement of PSBs

We're working on efficiency measures to boost margins, says TCS COO

We are working with top airlines globally, he said

NMDC shines on rising iron ore prices, shares continue to gain on bourses

A favourable supply scenario for the steel-making raw material is expected to drive the company's earnings

Now, IT major TCS to hire for campus placements round the year

The campus placements process usually starts in July-August but is likely to start earlier this year

Essar Steel lenders to appeal against NCLAT order on creditors: SBI chief

SBI chairman Rajnish Kumar, whose bank has lent more than Rs 15,000 crore to Essar Steel, said the NCLAT verdict will discourage banks from taking stressed asset cases to the insolvency process

Data tariffs stabilise after 2.5 yrs, Airtel pips Jio in monthly data usage

An India Ratings report claimed that Bharti Airtel has overtaken Reliance Jio in average monthly data usage at 11 GB per user

Q1 telco preview: ARPUs to rise; subscriber churn to hit revenues

Analysts also expect the impact of debt reduction and the subsequent decline in finance charges of the operators to start reflecting from Q1 of 2019-20

Walmart, Flipkart leaders meet Piyush Goyal, discuss e-commerce business

All aspects of e-commerce business, business-to-business transactions, cash and carry, as well as global-sourcing norms were discussed

Industry 4.0: How textile firms are using tech to become smart, sustainable

Indian textile industry is waking up to the possibilities of using Industry 4.0 concepts

DHFL crisis: Lenders to meet Thursday to discuss resolution plan

At the July 1 meeting, lenders had decided to sign the inter-creditor agreement by July 5 but could not do so yet