Page 3726 - Company News

EXIM Bank likely to take back 6 grounded Jet Airways planes soon

Indian lenders had planned buying the planes as collateral

ITC CMD Sanjiv Puri's remuneration up by over 51% to Rs 6.16 cr in 2018-19

The total number of employees getting a total salary of over Rs 1 crore in the company is now 91

Facebook makes first start-up investment in India, picks up stake in Meesho

Facebook picks up minority stake in Bengaluru-based Meesho for an undisclosed sum

Scale of Indian market allowing Google to develop new products: Pichai

Observing that Google has been in India now for "a very very long time", Pichai said that the number of Indian manufacturers who would make devices 'Made in India'

Indian pharma industry likely to grow by 11% to $41.9 bn in FY20: Report

The industry is expected to grow at around 12 per cent and reach $20.4-$20.8 billion in the domestic market

Facebook to buy stake in e-commerce start-up Meesho, 'enable entrepreneurs'

Meesho is a digital platform on which re-sellers reach prospective customers via social media platforms.

RIL, HDFC among 57 Indian companies on Forbes magazine's Global 2000 list

China's Industrial and Commercial Bank of China (ICBC) tops the list for the seventh year in a row.

Amazon starts offering part-time delivery jobs in Bengaluru, Mumbai, Delhi

Under the programme 'Amazon Flex', individuals can sign up, create their own schedule and earn Rs 120-140 per hour of delivering packages on behalf of Amazon, the company said

Havells to expand rural footprint, plans to add 2,000 new retailers in UP

Plans to invest in greenfield wires manufacturing plant in Assam

HCL to launch 'Tech Bee' programme to train, hire students after class 12

Tech Bee, HCL's early career programme provides students an opportunity to start early, become financially independent and trendsetters

Jain Irrigation denies debt obligation default, to reduce debt by 2,000 cr

As on April 1st, the company had more than Rs 5,000 crore worth of orders in hand. It has total 33 manufacturing plants worldwide and 12,000 associates

Delivering food by drone! Zomato tests technology; waiting for govt nod

The Gurugram-based company had acquired Lucknow-based drone manufacturer and consultant start-up TechEagle in December, to expand food delivery using drones

Adani gets go ahead to start long delayed coal mine project in Australia

Adani expects to ship first coal from its Australian mine in two years, Adani Mining Chief Executive Lucas Dow said.

How too-good-to-be-true offers crumbled food delivery company Foodpanda

The company, which was bought to compete with UberEats, lost its way.

PwC auditor observations 'baseless and unjustified': Reliance Capital

In a letter to Reliance Capital, PwC said it felt compelled to withdraw from the audit of the company's fiscal year 2018/19 accounts after not receiving "satisfactory response"

DMart looks to step up store launches in FY20 as rivals get aggressive

While Noronha did not specify a number, analysts expect DMart to launch around 30 stores in FY20

Mindtree directors' panel finds L&T offer price 'fair & reasonable'

The observation of the panel is in stark contrast to the stance taken by the founders of the IT services company

PwC quits as RCap, RHFL auditor over their unsatisfactory response in audit

The disagreement between the auditor and the two Anil Ambani group firms might also lead to a legal battle, according to the disclosures

Key deals last week: Lightspeed India, Kalaari Capital, and more

There were 14 PE deals worth $67.32 million with 2 private equity exit in the last seven days ended June 12, 2019

DHFL promoters may sell half their stake; Wadhawan could give up MD post

The promoters have also roped in PE firm Oaktree, which is undertaking due diligence to consider taking over part of DHFL's wholesale loan portfolio of Rs 10,000-12,000 crore