Page 6481 - Company News
Parsvnath to cut debt by Rs 400 cr this quarter
The company currently has a net debt of about Rs 1,300 cr
Attrition across sectors likely to go up to 20% in 2015
Sectors like ITeS, software and IT would lead the way primarily because of high entry level attrition
 "Attrition across sectors likely to go up to 20% in 2015")
Samsung still leader, but losing ground in India: CMR
The Korean handset maker's market share fell to 16.5% in Dec, 2014 compared to 20.3% at the beginning of the year
 "Samsung still leader, but losing ground in India: CMR")
Ramco Systems to raise Rs 500 cr this year
The enterprise software firm will utilise this fund to repay all of its outstanding debt and use the remaining for marketing and brand building activities
BSNL, MTNL not to participate in upcoming spectrum auction
BSNL's Anupam Srivastava says there is no need for additional spectrum at this point of time
 "BSNL, MTNL not to participate in upcoming spectrum auction")
TV makers, DTH operators look to cash in on ICC World Cup
Japanese electronics major Panasonic and South Korean giant LG are confident of doing good business, so also are direct-to-home operators Dish TV and TataSky
 "TV makers, DTH operators look to cash in on ICC World Cup")
Marico to revamp strategy for youth portfolio, eyes 20% growth
Expects sales of the segment to rebound after flat performance in Q3
 "Marico to revamp strategy for youth portfolio, eyes 20% growth")
Midsize sedan battle moves into top gear as Hyundai Verna readies to push back
The Korean carmaker's sedan has been pushed from the No 1 spot to third position by the new Honda City and Maruti Suzuki's new offering Ciaz
 "Midsize sedan battle moves into top gear as Hyundai Verna readies to push back")
Dairy major Kwality set to enter FMCG sector
Delhi-based company will change significantly in three years, claims the management
 "Dairy major Kwality set to enter FMCG sector")
Reliance Jio president Sumit Chowdhury quits
Telecom operator Reliance Jio Infocomm President Sumit D Chowdhury has resigned to start his own venture
 "Reliance Jio president Sumit Chowdhury quits")
Mercedes-Benz plans to open 14 more outlets in 2015
This will be the company's most aggressive network expansion in a single year to tap the luxury car market in India
 "Mercedes-Benz plans to open 14 more outlets in 2015")
 "Axis Bank to raise up to Rs 15k cr via pvt placement")
Cheer back for PE investors
After a number of successful IPOs indicate a revived market for these, 7-8 issues being readied by private equity-backed companies
 "Cheer back for PE investors")
Accel Frontline bags contracts worth Rs 25 cr in Q3
Company says multiple IT infrastructure management contracts will help it consolidate its position in multi-vendor IT services space
 "Accel Frontline bags contracts worth Rs 25 cr in Q3")
Ambani brothers seek faster approval for stalled projects
FM Jaitley, Maharashtra CM promise to make Mumbai an easier place for business, investments
 "Ambani brothers seek faster approval for stalled projects")
NTL Cabs gets a green signal from Delhi
Uber and others yet to respond to clarifications sought by city govt
 "NTL Cabs gets a green signal from Delhi")
Audi to add factory capacity this year
Audi India is the leader in the luxury segment in India with as share of 34%
 "Audi to add factory capacity this year")
Costly compromise: Jet Airways offers pilots Rs 60 cr of wage arrears in March
National Aviator's Guild agrees to stop go-slow protest over fewer off days
 "Costly compromise: Jet Airways offers pilots Rs 60 cr of wage arrears in March")