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Tuesday, February 25, 2020

Nissan’s new CEO says willing to be fired if no turnaround

February 18, 2020 12:17:04 pm

Makoto Uchida, who took over the top job in December, put his job on the line at Nissan's shareholders' meeting, where he faced demands ranging from cutting executive pay to offering a bounty to bring Carlos Ghosn back to Japan after he fled to Lebanon.

India’s Supreme Court Agrees to Hear Vodafone’s Plea Over Payments

Vodafone Idea shares tank nearly 18% on ratings downgrade by Care Ratings

February 18, 2020 6:37:40 pm

The rating on long term bank facilities and non-convertible debentures of Vodafone Idea (VIL) has been revised to 'BB-' from 'BBB-', Care Ratings said.

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OYO net loss widens to $335 mn in FY19, revenue rises five-fold

February 18, 2020 4:16:44 am

Consolidated revenues grew nearly 5 times year-on-year to $951 million in FY19. Revenues stood at about $211 million in FY18, OYO said.

Court issues fresh warrants for Unitech Director Ajay Chandra

NCLAT grants immunity from ED probe to JSW Steel, Bhushan Power

February 18, 2020 4:07:30 am

The probe against Bhushan Power’s erstwhile promoters, however, will continue.

Airtel, Voda Idea, Tata Tele pay part of AGR dues; boards huddle to chalk out strategy

February 18, 2020 4:04:22 am

On Monday, Bharti Airtel was the first one to inform the exchanges that it had made a payment of Rs 10,000 crore to the DoT.

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RIL consolidates media, distribution businesses into Network18 umbrella

February 18, 2020 4:22:11 am

Under the scheme of arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments

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JSW Energy to acquire GMR’s Odisha thermal plant for Rs 5.3K crore

February 18, 2020 4:19:13 am

After the acquisition, JSW Energy’s installed power generation capacity would reach 5,609 MW.

OYO net loss widens to $335 million in 2018-19

February 17, 2020 5:53:27 pm

The company had reported a net loss of USD 52 million (over Rs 370 crore) for the previous financial year, OYO said in a statement.

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Tata Power plans to have 700 EV charging stations by 2021

February 17, 2020 5:04:00 pm

Tata Power has already installed 100 fast-charging stations in various cities, including Delhi, Mumbai, Bengaluru, Pune and Hyderabad, which it plans to take to 300 by March 2020.

Tata Elxsi partners Tata Motors for unified connected vehicle platform development

February 17, 2020 3:59:07 pm

The partnership will aid Tata Motors, which is in the process of offering connected vehicle feature as a key differentiator to most of its BS-VI range of passenger and commercial vehicles

Godrej Properties buys 27 acre land in Delhi for Rs 1,359 crore

February 17, 2020 12:33:22 pm

Godrej Properties said in a statement that it has added a new project in the residential market of Ashok Vihar, Delhi.

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After SC rap, Bharti Airtel pays Rs 10,000 crore to DoT towards AGR dues

February 17, 2020 12:46:43 pm

Bharti Airtel said it will make payment of the balance amount after self-assessment exercise.

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Vodafone Idea says it will pay AGR dues, continuation of biz depends on SC order

February 16, 2020 1:37:22 am

Vodafone Idea, however, again reiterated that it ability to “continue as a going concern” was dependent on the outcome of its modification plea for the order, which had asked them to pay the AGR dues within three months.

Bharti Airtel jumps on rising prospects of duopoly in telecom sector: Voda Idea, bank stocks plunge on AGR deadline

February 15, 2020 2:21:18 am

Telco falls 23% following SC order; banks fall on worries of taking haircut if Voda Idea collpases without repaying debt

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AGR-hit Vodafone Idea postpones Q3 analyst call

February 14, 2020 5:35:43 pm

The filing, in late evening on Thursday, said the new date of the call will be intimated separately but did not give any reason for the postponement.

SpiceJet reports Rs 73.2 crore profit in December quarter

February 14, 2020 4:06:06 pm

"This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore," SpiceJet said in a release.

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Vodafone Idea shares tank nearly 19 per cent

February 14, 2020 1:48:49 pm

Vodafone Idea on Thursday reported widening of losses to Rs 6,438.8 crore in the third quarter of 2019-20 against Rs 5,004.6 crore a year ago, as the telco continued to sound out warnings on "material uncertainty" casting "significant doubt" on its ability to continue as going concern.

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Vodafone Idea losses widen to Rs 6,438 crore in Dec quarter

February 14, 2020 4:49:43 am

Total income was at Rs 11,380 crore in the December quarter as against Rs 11,982 crore last year.

Gillette India December quarter profit up 32 per cent at Rs 71 crore

February 13, 2020 3:53:06 pm

The company, which follows July-June financial year, reported a PAT of Rs 53.99 crore for October-December 2018, Gillette India said in a BSE filing.

SoftBank's ARM cedes control of China ops to consortium for $775 million

SoftBank profit wiped out by Vision Fund losses, second fund scaled back

February 13, 2020 10:40:01 am

SoftBank Group Corp profit was 2.6 billion yen ($24 million) in the October-December quarter versus 438 billion yen a year before.