Page 3697 - Company News

Cox & Kings shares have declined 26% since credit rating downgrade

Credit rating downgrade highlights delays in debt reduction and increase in receivables

DHFL promoters ready to sell controlling stake to global PE funds

Firm plans to raise Rs 7,000-8,000 cr of fresh equity capital

Concor stocks gain over 7% on revenue growth expectations, higher volumes

Prospects hinge on start of freight corridor, volume uptick

PE inflows into realty up 26% to Rs 28,000 crore in first half of 2019

Pune saw 10-fold increase in PE inflow to $237 million in January-June period of this year

DHFL gets Sebi nod for exiting MF arm, sell its stake to JV partner

As per regulatory norms, fund house will have to give load-free exit window to investors; expets advise staying put in order to look for recovery

Valuation gains from non-cigarette businesses likely for ITC's investors

Growing brand size, higher capex and strong distribution network would support the company's other-FMCG business

TN govt order to close unit is 'naked' discrimination, Sterlite tells HC

It said the order was only a knee-jerk reaction of the state to "appease" a section of public with vested interest

MTNL, BSNL won't be shut, revival plan under preparation: Minister Prasad

Both state-run firms are facing major financial stress due to stiff competiton and high employee costs

Dettol, Savlon bottle safety, battle perceptions in new campaigns

Dettol is looking to protect the positioning of trust and safety for not just its antiseptic liquids but also for the range of extensions under the label

Big Boy Toyz sells huge on zero-km luxury cars as segment takes a hit

Zero kilometer cars are new, unsold cars that dealerships hold and are bought and sold in bulk by intermediary dealers at a discounted price through authorised dealers

Amazon Prime Videos zeroes in on comedy as genre pays off in Indian market

Comicstaan, which debuted on Amazon Prime Video last year and was the service's first major non-scripted original IP, has announced the second season of the show

Edtech firm Unacademy raises $50 mn in Series D from Steadview, others

The online education firm said it is seeing unprecedented growth and engagement from learners in smaller towns and cities

TCS wins deal to digitise daily operations of India's aviation regulator

TCS bags prestigious government project after running passport services and helping in MNREGA.

Electrosteel in expansion mode, eyes 10 mt capacity in 5-6 years

Electrosteel had a planned capacity of 2.5 mt, but the commissioned capacity was 1.5 mt

Auto components get public utility status in TN, workers can't go on strike

Move follows a spate of unrest at various component making units; unions plan to oppose the decision saying it infringes on workers' rights

Mindtree CEO Ravanan likely to quit after L&T picks majority stake: Report

L&T started an unsolicited takeover for Mindtree Ltd. in March and has since then expanded its shareholding to a majority stake.

Icra downgrades Edelweiss debentures on weakness in wholesale lending book

Agency says decision based on heightened risks from realty and structured debt deals across sectors; retains Al+ rating for company's CPs and short-term NCDs

Appellate tribunal lashes out at Amtek Auto CoC, RP for calling new bids

Appellate tribunal says CoC, RP free to renegotiate with bidders for improving on original bids

NCLT asks Amtek Auto lenders to examine bids of Deccan Value Investors

Deccan Value Investor's bid was second highest with a bid of Rs 3,150 crore

Relief for OYO after HC restrains hoteliers from banning hospitality firm

The court noted that OYO has an appropriate agreement with other hoteliers and service providers and the associations act of calling for boycotting the company prima facie would be illegal