Page 3702 - Company News

Tata Steel is on a home run: EBITDA rises from domestic operations

The India basket grew after Tata Steel completed its acquisition of Bhushan Steel under the Insolvency and Bankruptcy Code process and its subsidiary, Tata Sponge, acquired Usha Martin

Govt in talks with banks for cash-strapped BSNL's Rs 2,500-crore loan

This will help the company stay afloat till the Centre finalises its revival plan

Apollo Hospitals plans to reduce debt to Rs 2,500 crore by FY20-end

Apollo promoters would use the money from the stake sale to reduce their pledged shares to around 35-40 per cent, said a senior official from the company.

Anil Ambani's Reliance Power starts process to sell coal mines in Indonesia

RPower holds three coal concessions that are fully explored and are ready to produce coal.

Infosys hired 9,100 people in US in 2 years, slightly short of target

The Bengaluru-based company, like many of its peers, has been ramping local hiring in key markets like the US, the UK and Australia to tackle increasing scrutiny around work visas by various govts

From Accenture to IBM, IT hiring set to gain pace with 25,000 openings

During the last financial year, most Indian IT companies had ramped up hiring, anticipating an uptick in demand

ITC's two investments in the hotel sector take different directions

The investment in both the stocks, however, was about the same, around Rs 200 crore, though ITC did subscribe to EIH's rights issue in 2011.

Investors find only 26% Indian leaders fit to lead future business: Report

The finding is part of Korn Ferry's global report on leadership, which takes the view of investors and analysts on leadership of companies

NCLT Mumbai bench initiates insolvency proceedings against Jet Airways

Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and employees

Brands plot digital footprint without heavy ad budgets around ICC World Cup

Brands sidestep traditional sponsorship routes to ambush their way into the tournament, aggressively target the online banter around the big games

Hindujas to hike stake in IndusInd Bank, infuse Rs 2,700 cr via warrants

The merger between the bank and the micro-lender, which will be effective July 4, is accretive from a profit, margin and return on equity perspective

BHEL to make emission control equipment for NTPC unit in Rs 840 cr deal

The company has bagged the order from Nabinagar Power Generating Company Ltd (NPGCL), an NTPC unit

Amazon pumps Rs 450 cr in India payments unit as e-wallet market hots up

Many of these firms have been offering significant cashbacks to woo customers to use their platforms to make payments for utilities and shopping

Kia Motors plans to launch low-cost electric vehicles in India with Hyundai

Kia Motors Corporation President and CEO Han-Woo Park said Kia Motors already has some products for hybrid, plug-in-hybrid, electric vehicle and fuel cell vehicles which are being sold globally

Daimler to recall 60,000 Mercedes-Benz GLK 220s in Germany over emissions

The model affected is the Mercedes-Benz GLK 220 produced between 2012 and 2015

Dr Reddy's launches therapeutic equivalent of Vitamin K1 in US

Dr Reddy's Phytonadione Injectable Emulsion USP, 10 mg/ml Single-Dose Ampules is available in 1 ml Ampule containing 10 mg/ml of Phytonadione

USFDA has issued Complete Response Letter for Ryaltris: Glenmark Pharma

The CRL cites deficiencies in the Drug Master File pertaining to one of the active pharmaceutical ingredients and in manufacturing facilities, the company said in a regulatory filing

Private equity funds pump in $1.1 billion in logistics, warehousing sector

The key factors driving PE players' interest in logistics and warehousing are government policies, strong economic fundamentals, and the growth in organised retail and e-commerce

Panaya, Skava controversy remain key theme at Infosys' 38th AGM

Panaya and Skava buyouts were mired in controversy owing to allegation of overpayment apart from not being an ideal fit

Discovery India firms up new strategy to get top spot in infotainment space

The network is now looking at growing by stepping up regional language penetration across key channels, and a robust direct-to-consumer digital product