Page 5153 - Company News
Ola CFO, CMO quit a day after SoftBank write-off
Part of trend in Indian unicorns of senior execs being replaced with experienced professionals
 "Ola CFO, CMO quit a day after SoftBank write-off")
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
 "Beer sales could drop 40% on highway sale ban, says UB")
Two-wheelers drag down auto sales in January
Total of sector volumes down 4.7%, despite strong recovery in passenger vehicles after note ban
 "Two-wheelers drag down auto sales in January")
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
 "Flipkart, Amazon, Snapdeal flag concerns over tax laws in GST")
Aurobindo acquires four biosimilar products under development
They were acquired from TL Biopharmaceutical AG of Switzerland
 "Aurobindo acquires four biosimilar products under development")
Tata Teleservices in talks with ATC to exit Viom Networks for Rs 4K cr
Tata Tele's stake in Viom Networks came down to 26% after ATC acquired majority stake in the company
 "Tata Teleservices in talks with ATC to exit Viom Networks for Rs 4K cr")
Shutters down on Snapdeal's yet another acquisition
Snapdeal had earlier shut down Exclusively, which it acquired in 2015
 "Shutters down on Snapdeal's yet another acquisition")
Air India to receive four Boeing Dreamliners by October, 2017: Jayant Sinha
He informs, Air India acquired 23 'Dreamliners' progressively from September 2012 to January 9, 2017
 "Air India to receive four Boeing Dreamliners by October, 2017: Jayant Sinha")
Consumer panel rejects plea seeking Rs 9,200-crore refund from Uber, Ola
Complaint alleged these cab-aggregators of charging excess fare than amount notified by state govts
 "Consumer panel rejects plea seeking Rs 9,200-crore refund from Uber, Ola")
Post-Housing.Com merger, PropTiger sacks 200 to integrate operations
Layoffs are part of restructuring to ensure optimal utilisation of resources in combined entity
 "Post-Housing.Com merger, PropTiger sacks 200 to integrate operations")
 "Biscuit manufacturers seek exemption under GST")
Strong US portfolio boost for Lupin
Market share gains in the US led to higher operating or underlying profit
 "Strong US portfolio boost for Lupin")
Ashok Leyland sets its sights higher as Nissan JV ends
The automaker has set a target to increase its market share to 30 per cent from 22 per cent today
 "Ashok Leyland sets its sights higher as Nissan JV ends")
Sundaram-Clayton to set up first overseas facility in US
Company plans to invest around $50 mn in US, around Rs 400 cr in India
 "Sundaram-Clayton to set up first overseas facility in US")
Bharat Forge eyes hybrid, connected vehicles
A foot into these new areas will help the company go beyond its traditional products
 "Bharat Forge eyes hybrid, connected vehicles")
VirtusaPolaris in tune to achieve target of synergy revenue of $100 mn
The company is expecting to add around 1,300-1,700 employees a year
Tata Steel UK to sell speciality steel unit for £100 mn to Liberty House
Tata Steel said the agreement covered several South Yorkshire-based assets
 "Tata Steel UK to sell speciality steel unit for £100 mn to Liberty House")
Spain's Repsol targets 5% market share in Indian auto lubricant market
Repsol forayed into the Indian market last year through a tie-up with GP Petroleums
 "Spain's Repsol targets 5% market share in Indian auto lubricant market")
ONGC halts naphtha exports from Hazira to OPaL
OPaL operates a cracker which has a capacity of 1.1 million tonnes of ethylene a year
 "ONGC halts naphtha exports from Hazira to OPaL")