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COMPANIES NEWS - Page 194
Gitanjali Gems falls further, hits fresh 52-week low
March 9, 2018 14:52 IST
Gitanjali Gems stock slumped 5 per cent to hit its fresh 52-week low of Rs 15.80 on BSE. This is the 17th straight session of fall for the stock.
Air India Express operates 8 all-women crew flights
March 9, 2018 02:01 IST
The budget carrier also organised functions at all its offices to felicitate the women work force which is about 40 per cent of its total employees.
Adani Group stocks slumps on BJP’s Swamy remarks
March 7, 2018 21:06 IST
Shares of Adani Transmission fell 7.72 per cent to close at Rs 179.85 on the BSE. Besides, Adani Enterprises plunged 7.24 per cent to settle at Rs 172.40.
WhatsApp case: Sebi asks Tata Motors to conduct internal inquirySubscriber Only
March 7, 2018 02:28 IST
Tata Motors is the third listed company after HDFC Bank and Axis Bank to be told to conduct an inquiry into leakage of sensitive financial info.
Indian arbitration court restrains RCom from selling assets
March 6, 2018 14:24 IST
The order came as a big blow to RCom which had unveiled a plan in December 2017 to sell its wireless assets to Reliance Jio Infocomm Ltd, in an effort to trim debt.
Harley-Davidson says retaliatory tariffs to have ‘significant impact’ on sales
March 6, 2018 08:07 IST
Harley said in a statement that it supports free and fair trade, and the proposed U.S. import tariffs will drive up costs for all products made with aluminum and steel, regardless of their origin.
Accept our bid for Bhushan Power on merit: Liberty House to NCLT
March 6, 2018 02:27 IST
According to information received, the fair value of the company has been pegged at close to Rs 25,000 crore.
DRI to move against Nirav Modi in 2015 case, acccused of misdeclaring exportsSubscriber Only
March 5, 2018 04:44 IST
Modi, his firms and his uncle Mehul Choksi are under the scanner of multiple investigating agencies in connection with an alleged fraud of up to Rs 12,600 crore at PNB.
Shanghai steel slips after 5-day rally, limited impact from Trump planSubscriber Only
March 2, 2018 14:08 IST
China is the world's biggest steel producer, but accounts for only about 1-2 percent of steel imports by the United States, the world's top buyer.
ArcelorMittal to form joint venture with Nippon Steel to buy India’s Essar Steel
March 2, 2018 12:43 IST
ArcelorMittal unit ArcelorMittal India Pvt Ltd submitted a plan to India's National Company Law Tribunal, which deals with insolvency and company disputes, on Feb. 12 to bid for Essar Steel in partnership with Nippon Steel.
Mundra SEZ: Adani Group secures in-principle approval to divert 1552 hectares forest landSubscriber Only
March 2, 2018 07:05 IST
The port recently came under the scanner when Supreme Court in November 2017 appointed a committee to probe whether the company violated environmental norms by levelling sand dunes that act as natural defence for coastline and seaside biodiversity.
Tata-Boeing facility to produce Apache fuselages
March 2, 2018 01:38 IST
The facility will also produce secondary structures and vertical spar boxes for this multi-role combat helicopter. The delivery of the first fuselage is expected in 2018.
Ant Financial Services, owned by Alibaba, invests $150 million in Zomato
March 2, 2018 01:32 IST
According to the food-tech firm, the investment will be used to further build the product and technology to provide a seamless experience.
Nirav Modi’s bankrupt US firm whets buyer interest amid $2 billion fraud probe
March 1, 2018 14:33 IST
Firestar Diamond Inc filed for bankruptcy protection on Feb. 26 in the United States, following accusations that other firms led by Modi and his uncle colluded with officials of state-run Punjab National Bank to secure unauthorised loans between 2011 and 2017.
Bajaj Auto sales up by 31 per cent at 3,57,883 units in February
March 1, 2018 14:30 IST
Commercial vehicles sales in the domestic market soared 129 per cent at 38,534 units, from 16,822 units in February 2017, the company said.
Aircel files for bankruptcy; cites unsustainable debt
March 1, 2018 01:45 IST
The filing was made in National Company Law Tribunal (NCLT), Mumbai, after a Joint Lenders’ Forum meeting.
Aircel files for bankruptcy; cites intense competition, unsustainable debt
February 28, 2018 17:40 IST
In an official statement, Aircel said that unsustainable debt has impacted its reputation and business.
Comcast offers $31 billion to buy pay-TV group Sky, challenges Rupert Murdoch
February 27, 2018 13:26 IST
The proposed offer pits Comcast against Rupert Murdoch, who helped to launch Sky in Britain, and also against Walt Disney which has agreed to buy a string of assets from Fox once the deal is done, including Sky.
Bhushan Power & Steel auction: Liberty House moves NCLT after rection of bid
February 27, 2018 02:55 IST
In September last year, Mahender Kumar Khandelwal had sought resolution plans from potential applicants after being appointed by the NCLT as Bhushan Power & Steel’s RP.
ACC drops merger plan with Ambuja Cements, cites constraints
February 27, 2018 02:30 IST
In May 2017, ACC and Ambuja Cements had said that they were exploring the possibilities of a merger.
Daiichi Sankyo case: Delhi HC orders seizure of Singh brothers’ assets
February 27, 2018 01:00 IST
The court’s order came on the petition of Japanese drug maker Daiichi Sankyo for enforcement of the Rs 3,500-crore international arbitration award that it has won against the brothers.
Sun Pharmaceuticals’ honcho inks Rs 25,000 crore housing dealSubscriber Only
February 25, 2018 09:46 IST
The Maharashtra government recently unveiled an incentive policy for the construction of affordable low-cost houses on private lands under the Centre’s ‘housing for all’ initiative.
Idea announces closure of QIP, raises Rs 3,500 crore
February 24, 2018 02:38 IST
The issue allocation is about 56 per cent and 44 per cent to Indian and foreign investors, respectively, a press release from Idea said.
Delhi airport terminal shift: SC dismisses IndiGo plea against HC order
February 24, 2018 02:32 IST
A bench led by Chief Justice Dipak Misra dismissed the Interglobe Aviation’s petition against shifting part of its airline IndiGo’s operations from Terminal-1 to Terminal-2 at the IGI Airport.
Airbnb to launch new initiatives for future growth
February 23, 2018 17:02 IST
Airbnb is also launching a new guest membership programme offering benefits across the entire trip. 'Superguest' will launch initially to 10,000 guests as a trial this summer before being rolled out to wider guest community before the end of the year, the company said in a statement
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