Page 5147 - Company News

Breach in our system led to debit card fraud: Hitachi

Monetary value of such transactions is not known, but banks have compensated the affected customers

Tata Steel UK to sell speciality unit to Liberty House for £100 mn

Since Tata Steel has made the Corus buyout in 2007, the firm has been witnessing financial strain

IHC brings all its hotels under Taj brand, drops Vivanta and Gateway

Official says, new brand identity honours renowned legacy of Taj to create a greater brand resonance

India requests UK High Commission for Vijay Mallya's extradition

Mallya left for the UK last year after facing heat for defaulting on loans worth Rs 9,000 crore

DGCA gives clean chit to AirAsia India

Regulator says commercial agreement with AirAsia Malaysia doesn't violate norms

Margin pressure ahead for Hero MotoCorp

Transition to BS-IV emission norms, higher commodity costs could hurt

Pizza Hut, KFC sales grow in December quarter

During 2016, system sales of KFC grew seven per cent

Myntra makes CMO Gunjan Soni head of Jabong

Her elevation comes after Myntra's co-founder Ashutosh Lawania has quit to start his new venture

AAI serves eviction notice to Hotel Leela for non-payment of Rs 258 cr dues

The decision to issue eviction notice follows a lengthy litigation for recovery of dues

Tata Steel performance improves but ratings unchanged: Moody's

Tata Steel reported a consolidated revenue of Rs 832 billion for April-December 2016

Sugar mills making more from molasses

With ethanol prices fixed, mills sell to liquor firms

Welspun India to invest $3 mn on promotion of Egyptian cotton

Deal would allow use of the Egyptian cotton logo on the packet of Welspun products for five years

Air India Express exploring partnerships with other airlines

Air India Express is low cost arm of Air India and deploys 85% of its capacity on West Asia routes

Hybrid, connected vehicles to drive Bharat Forge growth

It gets half of its revenue from commercial vehicles and another 40% from industrial buyers

Ola CFO, CMO quit a day after SoftBank write-off

Part of trend in Indian unicorns of senior execs being replaced with experienced professionals

Beer sales could drop 40% on highway sale ban, says UB

Also, UB saw its primary volumes go down 8% in the current quarter due to note ban

Two-wheelers drag down auto sales in January

Total of sector volumes down 4.7%, despite strong recovery in passenger vehicles after note ban

New mechanism soon to fast-track listing of PSUs

Jaitley said Centre will come up with new mechanism to ensure time bound listing of identified CPSEs

Flipkart, Amazon, Snapdeal flag concerns over tax laws in GST

Tax collection at source would lock in Rs 400 cr of seller money, say e-commerce majors

Aurobindo acquires four biosimilar products under development

They were acquired from TL Biopharmaceutical AG of Switzerland