Industry News, Company News, Manufacturing News, Service Sector - The Hindu- Page 8

Reliance Jio pays ₹195 crore to DoT to clear all AGR dues in advance

PTI Bharti Airtel and Vodafone Idea have a cumulative liability of ₹88,624 crore and have sought more time from the Department.

Tech change: Ten models, such as the S-presso, Baleno, Alto 800 and Dzire come with BS-VI compliant engines.

Maruti crosses five lakh in sales of BS-VI compliant units

Special Correspondent Only BS-VI engines can enter the market from April 1, 2020

New and shiny: Guenter Butschek, MD & CEO, with Mayank Pareek, president, in Mumbai on Wednesday.

Tata Motors unveils premium hatchback Altroz

Special Correspondent Fully-refreshed BS-VI versions of Tiago, Tigor and Nexon too launched

L&T net rises 15.4% amid slowing orders

Special Correspondent Revenue climbs 5.4% to ₹36,718 crore; order book grows 2% in third quarter; infra revenue drops 5%

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BASF to double polymer dispersions capacity

Auto firms see smoother ride in December

Cotton production to be higher this season

IL&FS group firm to get ₹118 crore in claim share

RIL first to cross ₹10 lakh cr. m-cap

HDFC Bank board forms panel to find a successor to Puri

Panasonic exits chip business, to sell its unit to Taiwan's Nuvoton for $250 million

Panasonic Corp said it would sell its loss-making semiconductor unit to Taiwan's Nuvoton Technology Corp for $250 million as the Japanese electronics

OFI Global China Fund acquires additional 1.37 crore shares of Zee Entertainment Enterprises

Following the acquisition the shareholding of OFI Global China Fund LLC increased to 10.99%.

Reliance Industries becomes first Indian firm to cross market capitalisation of ₹10 lakh crore

This makes RIL chairman Mukesh Ambani the 12th richest man in the world and Asia’s richest with personal wealth of $60.7 billion

Challenges ahead for most Indian non-financial companies in 2020: Moody’s

The continued depreciation of the rupee against the U.S. dollar has limited negative credit implications for rated companies, as most have natural hedges in place.

SBI Cards files papers for ₹9,600 crore IPO

130 million shares on offer for sale

JSW Cement puts off IPO plan as slowdown impacts target

Aiming for 20 mtpa by 2021, public offer only after that: MD

ZEEL board members flagged many issues while stepping down

Concerns over ₹2,200 crore of advances extended in FY19

TRAI unlikely to intervene in tariffs, floor price for now: sources

Sources said any move by TRAI now may “derail” the process that has been initiated at the operators’ end. The regulators considers intervention to be the “last resort”.

The Chennai Angels network gets its first CEO

The angel investor forum, which helps entrepreneurs and start-ups , said that its new chief executive officer is Chandran Krishnan

Data stored locally, says Oppo

Non-user data also put in servers in India, says official

Online consumer behaviour may be risky, finds study

Users must tread cautiously in digital world: NortonLifeLock

Marriott International to open 54 hotels in India

Slowdown only a blip, says official

Minimum 100 petrol pumps, 5% in remote areas: India’s new liberalised fuel retail policy

Last month, the government relaxed norms for setting up petrol pumps, allowing non-oil companies to market fuel in the world’s fastest growing market

TVS Motor drives in BS VI compliant Apache bike range

The 2020 Apache range comes with race tuned-fuel injection technology and new LED headlamp

National Company Law Appellate Tribunal junks plea by GRK Reddy against insolvency proceedings

In July this year, insolvency proceedings were admitted against New Chennai Township Pvt. Ltd. for default in payment of dues worth over ₹400 crore

Hotels body decides to boycott Zomato scheme

Says cost of manufacture cannot be recovered on delivery services under scheme.

India probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices

The Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices

Nokia’s Sriperumbudur plant to reopen in 2020

Finnish IT major Salcomp has bought it

Shree Pushkar Chemicals lines up capex of ₹120 crore

Funds to come from internal accruals

JSW Infra commissions iron ore terminal at Paradip port

The 370 metre-long terminal with a capacity of 18 MTPA has been developed to handle capesize ships.

Government confident of holding spectrum auction this fiscal

Telecom dept. yet to refer minimum tariff issue to TRAI

Subhash Chandra steps down as Zee Entertainment chairman

Former Finance Secretary R. Gopalan joins board

V.G. Siddhartha’s furniture venture shuts down

Daffco cites financial crisis for closure, employees terminated.

Over 92,000 working at BSNL, MTNL opt for voluntary retirement

The recently announced scheme will remain open till December 3 for employees aged 50 or above

French luxury group LVMH to buy Tiffany for $16.2 billion

The purchase helps the French conglomerate compete with Gucci-owner Kering Group and Cartier-owner Richemont SA.

Paytm raises $1 billion in fresh funding led by T Rowe Price

The company plans to invest $1.4 billion over the next three years to expand financial services

IndiGo hit by system failure for second time this month

Passengers reported facing glitches from Delhi and Mumbai to Bengaluru and Chennai airports

LVMH aims to restore Tiffany’s sparkle with $16.2 billion takeover

The $135-per share cash deal, expected to close in mid 2020, will boost LVMH’s smallest business, the jewellery and watch division, and help it expand in one of the fastest-growing sections of the industry

Fraud-hit CG Power accounts may be restated

The Ministry of Corporate Affairs (MCA) wants fraud-hit CG Power and Industrial Solutions to restate accounts of the past five fiscal years reflecting

Delhi’s Khan Market world’s 20th most expensive retail location: Report

The rankings are based on rentals during the second quarter of 2019 calendar year.

RCom lenders reject resignation of Anil Ambani, 4 other directors

RCom had posted a consolidated loss of ₹30,142 crore for September 2019 quarter.

Expedite operationalisation of 110 additional blocks or return them: Govt to Coal India

“Out of 50 explored blocks, project reports of 25 blocks have been prepared.”

BPCL asset valuer asked to submit valuation of company in 50 days

The stake sale will follow a two-stage process.

Tea — an industry trapped in its legacy

The sector is undergoing churn and the factors at play are more structural than cyclical

India Inc. holds on to cash, cuts capex despite lower tax rate

Top 1,000 listed firms to save up to ₹65,000 crore from tax cuts, says Ind-Ra

Indigo paints a high-reward strategy

Youth’s example leads firm to growth path; paints company eyes ₹850 cr. in FY20

Offshore funds, ETFs pull out $1.4 bn in September quarter

Category witnesses net outflow of $5.2 billion in one year

Looking at rating agencies’ methodologies: Sitharaman

Finance Minister cites instances of firms that collapse despite high ratings

GST Council, finance panel should work in tandem

‘Coordination mechanism a necessity’

‘India’s reluctance to join RCEP understandable’

Pact looks like an extension of China’s Belt and Road initiative: ex-Australian PM

Policy to hasten piped gas infra on the cards

High-level panel to study all issues

Food regulator slaps notice on McDonald’s for disparaging advertisement

A full page advertisement by McDonald’s in newspapers had said, “Stuck with Ghiya-Tori Again? Make the 1+1 Combo you love”.

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