Page 3736 - Company News

Air travel set to get costlier after govt hikes aviation security fee

Air travel will get a tad costlier with the government revising aviation security fee

Uber operating, marketing chiefs leaving in leadership shake-up

Some Uber executives, particularly female leaders, bristled at working with Harford, who had a brusque management style, people familiar with the matter said

Fuel price hike forces UP power plants to improve efficiency for viability

UP Utpadan Nigam saves Rs 1,100 crore by reducing cost of production

DHFL impact: Partial relief for some MFs; BNP Paribas, Reliance get dues

The dues were pending since Tuesday (June 4), when these papers matured

Vodafone Idea transfers fibre infra to subsidiary after creditors approval

The meeting of shareholders and creditors of the company were separately held on June 6

Deloitte was aware of loan evergreening in IL&FS Financial Services: SFIO

SFIO report questions the inaction of the auditor, holds up emails showing knowledge of evergreening of cases; former Deloitte CEO rubbishes claims

Global majors, PE players pick up a larger slice of debt-laden Indian firms

Ballooning debt forces more and more Indian promoters to sell majority stakes

Student housing can attract $50-billion private investment, says report

The potential is fuelled by the demand for purpose-built student accommodation (PBSA), which is set to grow by 8 per cent annually

L&T makes Rs 5,030-crore open offer for additional 31% stake in Mindtree

In an exchange filing, the company said the open offer will start on June 17 and will end on June 28

L&T set to construct Navi Mumbai airport, likely to finish by mid-2020

The board of City and Industrial Development Corporation (CIDCO), which is carrying out the project, met on Friday to consider the contract

Soon, Walmart will put groceries right in the fridge while you're out

The service, dubbed Walmart InHome, will first start in Pittsburgh, Kansas City, and Vero Beach, Florida

Credit growth expected to stay slow despite RBI's interest rate cut: Fitch

DHFL's debacle shows grave funding challenge to NBFCs

Mumbai court admits SFIO complaint against IL&FS Financial Services

The court will take cognizance of the matter and issue notices to the accused named in the complaint. The matter has been posted for hearing on June 18

Former Paytm employee Sonia Dhawan joins women's community platform

Interestingly, the co-founder of Sheroes, Sairee Chahal, is on the board of Paytm Payments Bank, and Sharma is one of the lead investors in her firm

L&T announces open offer for 51.3 mn shares of Mindtree at Rs 980 a share

L&T will have to shell out Rs 5,029.8 crore for the planned open offer for the Bengaluru-based company

With 50% market share, IndiGo faces flak over monopoly and domination

Flying high, IndiGo encounters turbulence from competitors

Indiabulls Housing unlikely to gain much from stake sale in realty arm

At best, it could improve the company's liquidity situation

Why Azim Premji is the trailblazer in India's philanthropic world

Premji has committed Rs 1.45 trillion ($21 billion) for the Azim Premji Foundation, which is equivalent to 67% of the economic ownership of Wipr

New Wipro chief Rishad Premji likely to place big bets on product space

Rishad Premji will take over as chairman from July 31

DHFL impact pinches FMP investors; UTI MF takes 100% markdown

Close to a dozen FMPs of Reliance MF and UTI MF - which have exposures to DHFL - are maturing in the next three months