Page 3705 - Company News

Bengal IT, ITeS Employees submit application to form trade union

It is estimated by FITE that West Bengal has 150,000-200,000 employees in the IT and ITeS sector

Sun Pharmaceutical gets four observations for Halol facility in Gujarat

The regulator has also observed that lab control mechanisms were not documented

Construction major L&T secures three board positions in IT firm Mindtree

IT firm Mindtree Thursday said L&T CEO and MD SN Subrahmanyan will join its Board as Non-Executive Director with effect from July 16

NTPC to expedite training of executives using machine learning, AI

Several senior executives would be retiring from the company, which has prompted NTPC to expedite training of mid-level executives using machine learning and artificial intelligence

Warburg Pincus-backed Stellar to set up 35 logistics parks in 21 cities

Currently, Stellar has a total logistics area of 10 million sq ft, including five million sq ft of covered logistics space.

In a first, Bengaluru-based Skylark gets DGCA green light to fly drones

Skylark said one of the biggest bottlenecks for drone firms was getting multiple-level clearances

NCLT admits Jet Airways for bankruptcy, sets 90 days for resolution

The tribunal has also appointed Ashish Chhauchharia of Grant Thornton as the resolution professional for the crippled airline that stopped operations on April 17

Moody's downgrades Tata Motors with negative outlook on JLR worries

The agency expects it will take longer than previously expected for JLR to improve its free cash flows to the positive territory

Jaypee infratech creditors meet to check progress of insolvency proceedings

According to sources, the decision on whether to consider bids of Adani Group or Jaypee Group would be taken after a hearing in this matter in the National Company Law Appellate Tribunal on July 2

Tech Mahindra inks deal with Airbus for cabin, cargo design engineering

No financial details of the partnership were disclosed

RBI assigns SBI as lead bank in three new districts in Telangana, MP

The SBI will act as the lead bank in the two new districts of Telangana - Mulugu and Narayanpet, and one district in Madhya Pradesh - Niwari

Sundaram Finance acquires BNP Paribas' stake in two joint ventures

Sundaram BNP Paribas Home Finance Limited was incorporated on July 2, 1999, as a subsidiary of SFL to offer specialised housing finance services to the retail sector in India

Caps on H-1B visas will weaken US companies; put jobs at risk: Nasscom

Nasscom - which represents Indian IT majors like TCS, Infosys and Wipro as well as smaller tech firms - noted that there is no official confirmation yet on the development from the US

Secondary metals producers fear inverted duty structure could hurt

Duty from finished metals imported from ASEAN is lower than metallic scrap

OYO plans to invest $300 million over the next few years in US

Started in 2013, OYO Hotels and Homes has more than 23,000 hotels and 46,000 vacation homes in its portfolio

Kia Motors unveils SUV Seltos in India, plans 4 new models in next two yrs

Anantapur plant will manufacture four new models, including the Seltos, in the next two years

Mphasis on detail: How Blackstone brought the spunk back in Indian IT firm

Did Blackstone find a missing formula, or had Mphasis's former owner missed targets?

Dailyhunt acquires local content platform LocalPlay for undisclosed sum

Bengaluru-based Dailyhunt said the acquisition underscores its aggressive strategy of attracting new users

Shristi Infra faces Rs 160 cr arbitration, to contest order at higher forum

Mauritius-registered Rishima had invested Rs 80 crore in the Shristi promoted hotel project in Rajarhat, with 35 per cent stake, but, differences between them led to a legal fight

Two-wheeler industry to grow 6-8 % in FY20; we will outpace it: TVS Motor

Company foresees some challenges due to migration to BSVI norms in 2020 and due to international trade environment