Page 3683 - Company News

Govt working out package for BSNL, MTNL: Ravi Shankar Prasad in Parliament

Ravi Shankar Prasad said the government is working on a proper package for improvement of state-owned telecom companies

It's time for India's one-brand pharma firms to scale up, diversify

Many of these brands are not protected against the discovery a new, more efficient molecule as the small firms that own them have not kept pace with the latest research

Aviation regulator sends SpiceJet notice after planes 'overshoot runways'

DGCA audit allegedly reveals that SpiceJet was not imparting corrective training to its pilots.

Govt orders probe into Jet Airways over alleged mismanagement of funds

Naresh Goyal approaches Delhi High Court to quash an order by authorities that stops him from travelling abroad.

Reliance Jio Infratel plans to raise Rs 25,000 cr for capex, retiring debt

Fund raising is separate from Reliance Jio Infocomm plans, will be completed by end of September quarter.

EU objects to Hindalco's plan to buy aluminum producer Aleris Corp

Tata Steel and ThyssenKrupp AG abandoned their steel joint venture in May shortly before the EU formally vetoed it

Ambuja Cement scouts for buys in ready-mix concrete to fuel growth

Analysts see the move as an attempt to move towards being a building materials company and not a pure cement maker

SAIL seeks takers from across globe for 3 loss-making units, invites EOI

Shortlisted bidders to be intimated on August 8; advisor SBI Caps says no debt taken for any of the units will be transferred

Supreme Court clears deck for NCLT order on Bhushan Power, stays HC order

Top court stays high court order which asked Bhushan Power CoC, NCLT to give firms' ex-directors a hearing.

Branded apparel sales up 5-10% in April-June qtr on aspirational demand

Unbranded wear lags despite low price point; industry calls for standardisation, as has been achieved in auto sector

GMR sells Chhatisgarh plant to Adani Power in order to pare debt

Deal is part of a debt resolution plan approved by GMR's lenders; The power plant subsidiary ran into financial trouble owing to absence of a long-term PPA

Cognizant Technology appeals to larger bench of Madras HC on tax order

The court adjourned the matter for hearing on a later date, directing status quo till then

IT firms may log muted growth in Q1, see 50-160 bps decline in margins

Margin growth in the absence of benefits from rupee depreciation will be a concern, say experts

Budget 2019: Start-ups, investors seek tax sops, easier compliance regime

While 'recognised' start-ups don't have to pay corporate tax for 5-7 years, they still have to pay MAT on book-profits at 18.5%, which is seen as a major cash out-go in early stage enterprises

With GST, ability to move goods has become simpler: Rajesh Subramaniam

He also said Indians have proved themselves assets across the world

HDFC moves NCLT to keep mortgaged Jet Airways HQ out of bankruptcy process

The consortium of 26 bankers led by State Bank took the grounded Jet Airways to NCLT to recover their dues of over Rs 8,500 crore

My favourite campaign is 'Sports Illustrated' from 2000s: Kartik Smetacek

The campaign centered around the idea: "You may not get it, but our 25 million readers do"

Vedanta to seek court order saying Zambia's ZCCM breached shareholder pact

Vedanta said an urgent application had been served on ZCCM and a provisional liquidator appointed for KCM

We want to bridge gap between angels and $100 mn funds: Artha Venture Fund

Artha Venture Fund was originally known as Artha India Ventures

Dish TV promoters may cash out for Rs 5,000 cr, Bharti Airtel to pick stake

Bharti Airtel, Warburg Pincus to buy Jawahar Goel's 58% stake at Rs 45-50 a share