Page 3692 - Company News
Tatas are keen to buy Jet's grounded fleet, bilateral flying rights
The Tata Group has two joint ventures in the aviation space. One is with budget airline AirAsia and the other is its stake in full-service carrier Vistara, a joint venture with Singapore Airlines.
 "Tatas are keen to buy Jet's grounded fleet, bilateral flying rights")
New accounting norms likely to hit finances of retail companies
IndAS 116 rules will lead to rise in notional assets & liabilities, say companies
 "New accounting norms likely to hit finances of retail companies")
DHFL lenders to meet today to seek resolution to Rs 90,000-crore debt
The consortium of 30 lenders led by state-run Union Bank of India, which includes banks and other financial institutions, may also consider conversion of debt into equity
 "DHFL lenders to meet today to seek resolution to Rs 90,000-crore debt")
HCL Technologies, Cyient refute claims in Boeing 737 MAX report
Indian engineers were blamed for faults in planes that crashed
 "HCL Technologies, Cyient refute claims in Boeing 737 MAX report")
Bajaj Auto, Triumph Motorcycles to firm up partnership agreement soon
The first Made In India Triumph model from the new venture is likely to be a 400cc motorcycle that will roll out of Bajaj's Chakan facility by the end of 2021
 "Bajaj Auto, Triumph Motorcycles to firm up partnership agreement soon")
Air India to raise Rs 22,000 cr from bond market, restructure balance sheet
SBI Caps, the investment bank subsidiary of State Bank of India, has been roped in as advisor to the process, which is the highest fundraising by the company
 "Air India to raise Rs 22,000 cr from bond market, restructure balance sheet")
Grofers set to convert 200 'kirana' stores into branded grocery outlets
The SoftBank-backed company has been working on the business model for the past few months and has already converted about 100 such 'kirana' outlets
 "Grofers set to convert 200 'kirana' stores into branded grocery outlets")
Auditor flags doubt on McLeod Russel's ability to stay in business
The auditor has also stated that the financial statement prepared by the company is not in accordance with the requirements of Regulation 33 of the Sebi
 "Auditor flags doubt on McLeod Russel's ability to stay in business")
TikTok parent targets 100 million users by end of 2019 for Helo app
In addition to holding topical and regular campaigns related to ongoing festivals and sports events like the Cricket World Cup, Helo has partnered locally popular television shows
 "TikTok parent targets 100 million users by end of 2019 for Helo app")
IL&FS panel to finalise asset-wise framework of resolution with lenders
The six-member committee includes IL&FS board members Vineet Nayyar, C S Ranjan, Bijay Kumar, and the chief operating officer (COO) N Srinivasan among others
 "IL&FS panel to finalise asset-wise framework of resolution with lenders")
Cox & Kings default on commercial paper stumps the Street and experts
Unsurprisingly, the share price has lost 83 per cent since its high in November last year, half the loss coming over the past week
 "Cox & Kings default on commercial paper stumps the Street and experts")
Paytm Mall eyes Rs 17,000 crore in gross merchandise value by end of FY20
The company is expanding operations with both online groceries as well as hyperlocal stores
 "Paytm Mall eyes Rs 17,000 crore in gross merchandise value by end of FY20")
Customers want omnipresent brands, convenience and on-demand service
Young consumers want personalisation, respect and transparency; are more likely to cut all ties if brands don't comply: Adobe
 "Customers want omnipresent brands, convenience and on-demand service")
My favourite campaign is MuscleBlaze's 'Tum Nahi Samjhoge': Shrenik Gandhi
The brand seems to have taken an anthropological approach rather than the traditional marketing science to derive consumer insight, says Gandhi
 "My favourite campaign is MuscleBlaze's 'Tum Nahi Samjhoge': Shrenik Gandhi")
Insolvency procedure benefits creditors, but concerns remain, say lenders
Creditors say they realise that the insolvency process it is not just recovery legislation for lenders, but an effective resolution mechanism for corporate debtors
 "Insolvency procedure benefits creditors, but concerns remain, say lenders")
No official notice to halt car-pooling in Karnataka: Ola, Uber sources
Ride sharing companies will need to maintain a fine balance between meeting the demands of the customers as well as the needs of their partner networks, say analysts
 "No official notice to halt car-pooling in Karnataka: Ola, Uber sources")
McLeod Russel auditor Deloitte concerned over company's solvency
According to Deloitte, the Williamson Magor Group company's liabilities exceed assets by Rs 1,435.66 crore
 "McLeod Russel auditor Deloitte concerned over company's solvency")
Jaguar Land Rover plans to build electric cars at UK factory: Report
An all-electric version of its XJ luxury saloon will be the first of three new vehicles to be made from a common skeleton followed by a sport utility vehicle, the Sunday Times said
 "Jaguar Land Rover plans to build electric cars at UK factory: Report")
IL&FS board sets up sub-committee to oversee disinvestment process
The board decided to empower the panel to take necessary steps to enhance enterprise value of assets under divestment
Bajaj Capital looks to tap private equity space to meet growth plan
Being a debt-free firm, Capital Chief Executive Officer Rahul Parikh said, the company is now ready for the next level of growth and strategy is in place to achieve the exponential growth
 "Bajaj Capital looks to tap private equity space to meet growth plan")