Page 3722 - Company News

Reliance Infrastructure auditors say unable to give view on annual results

Firm posts biggest quarterly loss in Jan-March period

Novartis India appoints Sanjay Murdeshwar as MD and vice chairman

Murdeshwar is Country President, Novartis in India and responsible for the company's pharmaceuticals business in the country

Hexaware buys Mobiquity for $182 million, to absorb all employees

he acquisition will be funded through a mix of internal accruals and external borrowings, the firm said

USFDA move not to hurt growth, new product nods to be delayed: Aurobindo

The company's stock took a beating after the USFDA pointed out data integrity lapses at the firm's formulations facility in Telangana's Bachupally

Pharma sales growth hit 19-month low in May as product launches slowed down

For the first time, all chronic therapy drugs grew only in single digits during May

Automobile sales drop 7.5% YoY in May 2019, two-wheeler worst hit: FADA

Dealers expect the near term outlook for the next 4-6 weeks to be gloomy

Volkswagen to rationalise dealer network, tap smaller towns for growth

Company says it will in 2019 launch products in 30 different tier 2 and tier 3 cities, which include Tumkur, Warangal, and Sivakasi

Tata Power's arm CGPL raises Rs 1,110 cr via NCDs for refinancing debt

The NCDs will carry a coupon rate of 9.15 per cent, payable annually. The debt obligations of CGPL under the NCDs are guaranteed by the company, Tata Power said in a BSE filing

ThyssenKrupp appoints Premal Desai as CEO to oversee its biz restructuring

Thyssenkrupp Steel Europe and Tata Steel Europe had signed agreements on June 30, 2018, to create a 50:50 joint venture

Journey from cassette giant to YouTube king: How T-Series evolved

First to cross the 100-million subscribers mark on YouTube, the music label will focus on non-film singles; has no immediate plan for OTT platform

Input costs help Marico's earnings, will help company meet growth target

The volume push would also get support from the new-age distribution channels such as e-commerce

TMFL to raise Rs 1,000 cr in debt capital to enhance capital adequacy

It reported capital adequacy ratio of 15.25 per cent (with tier-I of 10.93 per cent) as on March 31

Tata Capital Financial to raise $1.5 billion overseas to settle old loans

Fundraising to be one of the largest by an NBFC outside India in past 3 yrs

Tighter disclosure norms for ratings firms to benefit structured products

Details about explicit guarantees will lead to higher transparency

Amazon says working with government to unblock export policy issues

Amazon says association with the Indian government over the past years has boosted global selling programme and more sellers are now enthusiastic to join initiative.

WeWork considering $1.9 billion deal for control of India unit

Adding India to its asset portfolio may benefit WeWork as it preps for its initial public offering

Piaggio to launch electric three-wheeler for India in December quarter

Italian company to invest at least Rs 200 crore over the next three years

Mahindra picks up 11.25% stake in Swiss agriculture technology firm Gamaya

Gamaya, which works in Brazil India, Ukraine and other countries, uses imagery to give farmers information about the state of their fields and crops

Aurobindo Pharma confident of growth despite regulatory action, drug recall

The company said it was confident that the contamination in valsartan will not spread to other products

Flipkart and GOQii settle dispute over discounting, strike friendly note

GOQii, a seller of smartwatch-type health devices, sued Flipkart last month in a Mumbai court.