Page 3689 - Company News

Commercial vehicle sales seen growing 7-9% this year; FY21 outlook muted

The outlook for 2020-21 remains subdued in the absence of clarity on implementation of the proposed scrappage policy

When tech is the target: Cybercriminals look for chink in IT firms' armour

According to experts, despite cybersecurity being a top concern for these organisations, there is only so much they can do to escape cybercriminals

From Hero MotoCorp to TVS, two-wheeler sales remain in reverse gear

Auto companies in India count dispatches to dealers as sales

Ola Electric turns unicorn with SoftBank's $250-million investment

The funds will help expansion plans, fight with rival Uber

Cash-starved DHFL likely to get fresh line of credit from lenders

The consortium of lenders led by Union Bank of India discussed various modalities to ensure that their exposure to DHFL doesn't run into further stress

ED summons chief rating officers of ICRA and CARE in IL&FS probe

The officers have been asked to appear before the agency on Thursday in its Mumbai office

After cool FY19, Voltas set to beat summer heat on AC sales boost

Channel checks by brokerages have pointed towards higher sales, which have helped reduce channel inventories

Pharma companies are focusing on profitable brands, say analysts

Top 10 brands (of a company) account for more than 20 per cent of their domestic revenue in the case of most, analysts said

L&T pays Mindtree shareholders who tendered shares in open offer

The infrastructure major's open offer - at Rs 980 a share - began on June 17 and concluded on June 28

PNB scam: Singapore HC freezes Nirav Modi' sister's bank account

The high court had ordered freezing the balance of $6.122 million (Rs 44.41 crore) on the request of the Enforcement Directorate (ED)

Reliance Jio content play racing ahead of incumbent telcos, says report

While data monetisation remains a concern across the country with highest data usage, Jio is making some headway in this space

SC rejects DoT plea against TDSAT order on RCom's past liabilities

TDSAT had held liability of past dues only with RCom and not buyer of 800 MHZ spectrum

Jaypee Infra resolution back on drawing board as banks reject NBCC bid

NCLAT calls stakeholders on July 17 to discuss NBCC plan again, says no other plan should be considered for now

Posco inks Rs 5,000 cr MoU to lift one mn tonnes of HR products from Essar

MoU is the fourth such signed between the two firms; Posco says pending matter over Essar Steel's ownership hasn't impacted supplier's performance

Tata Steel to subscribe up to 90% of Tata Sponge Rs 1,650 cr rights issue

The Tata Sponge rights issue opened for subscription on Tuesday and will end on July 16. It has been priced at Rs 500 a share

Adani group's power distribution company grapples with regulatory issues

The power distributor is also struggling with legacy issues over non-fulfillment of RPOs

SC to hear plea next week on preventing Jaypee Infratech's liquidation

The apex court had on August 9 last year ordered re-commencement of the resolution process against JIL and barred the firm, its holding company and promoters from participating in the bidding process

Jaypee Infra insolvency: NCLAT tells lenders, allottees to appear on Jul 17

It directed the Committee of Creditors to produce a gist of the resolution plan submitted by NBCC and objections they have with regard to the plan

Bharti Airtel, Bharti Enterprises infuse Rs 325 cr in payments bank

The fund infusion from Bharti Airtel stood at Rs 260 crore, and that from Bharti Enterprises at Rs 65 crore in the form of preference shares, according to the details of the filing

OYO expands Vietnam footprint with over 90 hotels; to invest $50 million

The company will create 1,500 direct and indirect jobs in the country