Journalism of Courage
COMPANIES NEWS - Page 196
Torrent Power puts in place succession plan
February 8, 2018 12:47 IST
Sudhir Mehta to step down, younger brother Samir to takeover; son appointed as managing director
New ‘Star Wars’ films on way from ‘Game of Thrones’ creators, Disney says
February 7, 2018 02:42 IST
The Walt Disney Co said in a statement that David Benioff and D.B. Weiss would write and produce the new series, which will be separate from both the episodic Skywalker saga and the recently announced trilogy being developed by director Rian Johnson.
Management rejig: Wipro reshuffles key portfolios
February 7, 2018 17:39 IST
Anand Padmanabhan, president of the energy, natural resources, utilities & construction (ENU) vertical, is now being moved into a new role as president – business development and strategic sales. Padmanabhan has been part of the ENU vertical since April, 2008.
Punjab National Bank Q3 profit up 11% at Rs 230 crore
February 7, 2018 01:56 IST
Punjab National Bank said that it was required to make additional provision of Rs 1,112 crore for Reserve Bank of India’s first list of large loan defaulters by March 2018, and has already provided Rs 854 crore up to December 2017.
Murugappan takes charge of Murugappa Group
February 6, 2018 03:57 IST
Murugappan, who was the vice-chairman, succeeds A Vellayan, who served as executive chairman from November 2009, the company said in a statement.
Singtel to raise stake in Bharti Telecom for 2,649 crore
February 6, 2018 03:48 IST
The investment comes within a span of two years of Singtel’s participation in Bharti Telecom’s rights issue of Rs 2,500 crore, which was completed in February 2016.
Tata Motors net profit rises over 10-fold to 1,215 cr in Dec quarter
February 6, 2018 03:20 IST
On a standalone basis, Tata Motors' passenger and commercial vehicle business grew strongly.
New India Assurance posts Rs 617 crore profit in the third quarter
February 4, 2018 00:32 IST
New India Assurance plans to launch two health insurance schemes and title insurance in the next few months
India a good story for us: Amazon
February 3, 2018 03:10 IST
The world’s largest online retailer said net income more than doubled to $1.86 billion, or $3.75 per share in the fourth quarter ended December 31.
Ford India sales up 58% at 22,535 units in January
February 2, 2018 14:29 IST
Exports stood at 13,253 units last month as compared to 6,264 units in January 2017, a jump of 111.57 per cent, Ford India said in a statement.
Flipkart booked for cheating after it delivers soap instead of iPhone 8
February 2, 2018 11:17 IST
When contacted, Flipkart spokesperson claimed the e-tailer has a zero tolerance policy on customer trust impacting incidents
Insider trading norms compliance case: Larsen & Toubro settles Sebi probe
February 1, 2018 01:41 IST
Sebi’s High Powered Advisory Committee recommended the case for settlement on the payment of Rs 10.27 lakh.
L&T profit jumps 53 per cent in December quarter
February 1, 2018 01:42 IST
Total income from operations grew 9.4 per cent to Rs 28,747.45 crore during the reporting period over the same period a year ago.
Delhi High Court upholds Rs 3,500-crore arbitral award in favour of Japanese drug major Daiichi
February 1, 2018 00:36 IST
Rs 3,500 crore award was decided by the Singapore arbitration tribunal in April 2016, against former Ranbaxy promoters Malvinder Mohan Singh and Shivinder Mohan Singh in India.
Samsung India to hire 1000 engineers for R&D facilities
January 31, 2018 15:02 IST
"Samsung is extremely bullish on R&D in India. We have been here for over 22 years. The three R&D centres in India work on several cutting edge technologies," Samsung global senior vice-president Dipesh Shah said.
Ola to expand to Australian market
January 31, 2018 01:33 IST
The Australian foray will see Ola facing its familiar competitor, Uber.
Kotak Institutional Equities suspends ratings of Airtel
January 31, 2018 01:28 IST
The Economic Survey of 2017-18 also underscored the stress period in telecom sector due to growing losses, debt pile, price war, reduced revenue and irrational spectrum costs.
LIC makes most of bull rally with Rs 20K-crore profitSubscriber Only
January 31, 2018 00:59 IST
LIC Chairman VK Sharma had last month said the corporation had made a profit of Rs 12,374 crore from the stock market in the first six months of FY18 as compared with Rs 10,643 crore in same period of FY17.
Amazon wades into health care, with JPMorgan and Berkshire
January 30, 2018 22:36 IST
The leaders of each company, Amazon's Jeff Bezos, Buffett, and JPMorgan's Jamie Dimon, offered few details Tuesday and said that the project is in the early planning stage.
Ola to expand to Australian market
January 30, 2018 10:16 IST
"We are very excited about launching Ola in Australia and see immense potential for the ride-sharing ecosystem which embraces new technology and innovation," Ola co-founder and CEO Bhavish Aggarwal said
Maersk Line invests heavily to secure its ops from cyber-attacks
January 28, 2018 15:44 IST
Overnight, the Maersk Line switched over to operating in a manual way from the computer-based systems, while some customers supported them by increasing their bookings with us, it's India managing director Steve Felder said.
Idea Cellular seeks govt nod for raising FDI limit to 100 per cent
January 27, 2018 13:21 IST
Foreign investors hold around 27 per cent stake in Idea, as per shareholding pattern of the company till December 2017.
Jaguar Land Rover seeks lower GST on premium sedans, SUVs
January 26, 2018 21:06 IST
"GST is a significant reform that the country needed, and we appreciate the government’s efforts for a smooth transition. However, to operate in any market, carmakers need reasonable tax rates," JLR India President and MD Rohit Suri said in a statement.
Viacom, CBS CEOs discuss potential merger: Sources
January 26, 2018 09:58 IST
The discussion between Robert Bakish and Leslie Moonves was preliminary and no decisions have been made, but it signals that Moonves could be more open to the idea.
Maruti net up 3 per cent; board revises royalty calculation method
January 26, 2018 01:45 IST
The company plans to launch the third generation of its popular hatchback, Swift, in February at the auto expo.
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