Page 3694 - Company News

Airtel Africa London Stock Exchange debut lacklustre, stock falls 15%

Airtel Africa operates across 14 African countries and has over 100 million customers

Sebi's share pledge disclosure norms to impact 300 listed companies

At the end of March quarter, outstanding promoters pledged shares stood at Rs 1.95 trillion.

NBFCs may shed competitive edge as SEBI tightens rules to raise capital

Lesser regulatory intervention and flush of capital helped non-bank lenders outpace industry growth in the past

Tata Motors needs new partners, solutions to stay relevant: Chandrasekharan

On EVs, he said, "Your company's strong belief is that this is a necessary initiative for India"

Grounded Jet Airways' employees find an investor in Adi Partners

Staff join hands with private equity firm to pick up 75% stake in the bankrupt airline

Warburg Venture bets on warehouses as e-commerce booms in India

A slowdown in the residential market is prompting developers to tap the logistics sector.

SBI Mutual Fund bets big on Emami, increases stake from 0.68% to 8.8%

SBI MF has clarified that it doesn't hold any debentures issued by Emami promoter group entities

Jet Airways employees consortium, AdiGroup to bid for 75% of airline

The airline owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees

Remuneration for L&T's top three officials up 45-100% in FY19: Report

Remuneration for the company's CEO and MD S N Subrahmanyan rose 52.36%

Race for Mindtree CEO's post: 3 on L&T shortlist to replace Rostow Ravanan

As engineering major secures controlling stake in IT firm, likelihood of an early exit of Ravanan looks imminent

Airtel Africa falls in London trading debut after raising $750 million

Airtel Africa sale is among the largest IPOs announced in 2019 in London.

Promoters infuse Rs 2,250 crore in DLF against issuance of new equity share

To finish the capital infusion process, the DLF board has now allotted 138.1 million equity shares - at Rs 217.25 each - against the convertible debentures

Valuations under pressure as Street seeks management stability in Mindtree

Management transition process would also weigh on the company's new client additions and overall operations, further denting its near-term growth

ONGC seeks bids to enhance production from 64 marginal fields

Companies can bid either alone or through consortiums and joint ventures and will be allowed to bid for more than one contract area

IndiGo hikes cancellation fees for flights within 3 days of departure

If the cancellation or detail change is done on a domestic ticket at any time apart from the aforementioned three-day period, the fees would remain at Rs 3,000 and Rs 2,500 respectively

Lemon Tree Hotels will divest 49% stake in 2 years, says Patanjali Keswani

Lemon Tree expects its upscale brand Aurika, coming up near the Mumbai International Airport, to be up and running over the next two years

Working on long-term options to settle the matter, says Godrej group

The land parcel was acquired by the Godrej family in early 1940s from the Bombay High Court receiver

DHFL promoters sell stake in wealth management business to employees

In a separate transaction, LGT group, global private banking and asset management firm, has acquired a substantial majority stake in the Validus Wealth

Cox & Kings defaults on payments of Rs 150 crore, stock plummets 10%

Cox & Kings, which runs the tours and hotels business in India and abroad, has been downsizing its operations since the past few years to pare back its debt

5G auction: Reliance Jio joins industry chorus for low spectrum pricing

Telcos feel that before fixing spectrum prices, one needs to consider its revenue potential