Page 3708 - Company News

DoT may choose lower retirement age over voluntary retirement scheme

Employees of BSNL may be asked to end their service at 58 years

Ashok Leyland plans on revving up global business; LCVs to drive expansion

Its new vision encompasses light commercial vehicles, small commercial vehicles, intermediate commercial vehicles (ICV), M&HCV, spare-parts and defence

Corporation Bank eyes 15% growth in advances; no new branches immediately

The state-run bank has no plans to open new branches immediately

PNB recovers Rs 20,000 cr in bad loans, doubles amount from last year

The bank suffered losses allegedly after jewellers Nirav Modi, Mehul Choksi and some bank employees collided to defraud PNB of about Rs 1,000 crore. The scam was unearthed in February 2018

OVL, partners to invest $20 bn in Mozambique to monetise gas reserves

To be built on the Afungi peninsula in Cabo Delgado province, the project will also involve the construction of associated infrastructure, storage tanks, and export jetty facilities

Ashok Leyland to halt production for 5 days at Pantnagar as stocks pile up

Move follows slowdown in CV sales; No work on June 17 and 24, but employees will still get pay

Amid falling freight rates, truck makers may not see demand picking up

Pre-buying boost to sales may remain elusive as the slowdown grips several sectors

FinMin to rework proposal for Air India sale after considering oil price

The government last year invited bids to sell 76 per cent stake in Air India

Moser Baer Solar fails to get new investors, to go under liquidation

Moser Baer Solar is a subsidiary of optical storage media maker Moser Baer India Ltd (MBIL), which is also facing liquidation

Amazon opens 20,000 sq ft delivery station in Hyderabad, eyes smaller towns

The new station will power Amazon's last-mile delivery capabilities to speed up deliveries for customers in and around the city

Adidas stumped; iconic three-stripe trademark ruled invalid by EU court

Adidas says court's ruling on Wednesday only affects a particular use of the symbol.

Jet pilots, engineers, Dutch vendors want to be parties to bankruptcy case

The consortium of 26 bankers led by State Bank had filed for bankruptcy Tuesday at the Mumbai bench of the National Company Law Tribunal

NDTV to file appeal against Sebi's Rs 12L fine order for disclosure lapses

NDTV, however, said it is yet to receive the penalty order from the Securities and Exchange Board of India (Sebi)

Acquisition of ShopClues by rival Snapdeal unlikely to materialise: Report

According to sources close to the development, there are concerns regarding some of the findings emerging from the due diligence conducted by advisory firm, Ernst & Young

Foreign investors picking controlling stakes in companies on the rise

Cash-strapped Indian companies focusing on reducing debt rather than acquiring new assets

Dividend payout by BSE500 firms up 1.7%; share buyback rises 64% in FY19

The dividend amount includes the interim dividend earned by shareholders during FY19 and the final dividend proposed by companies but not yet paid

Domestic air passenger traffic rises 2.96% in May, shows DGCA data

In April, the traffic had fallen by 4.5% over the same period last year

Facebook plans to create global financial system based on cryptocurrency

The cryptocurrency, called Libra, will also have to overcome concern that Facebook does not effectively protect the private information of its users

Cannes Ad Fest 2019: Authenticity connects

Pink washing is the pseudo-progressiveness that brands adopt to connect with millennials

India Ratings downgrades Mumbai International Airport term loans

Indian Ratings flags erosion in liquidity, places the term loans under watch with negative implications