COMPANIES NEWS - Page 199

private medical college hikes fee by 300% after Uttarakhand govt gives free hand

M&A deals jump 10 per cent in 2017, but value declines: Report

January 4, 2018 02:10 IST

The report said inbound M&A activity hit a record high of $31.7 billion, up 15 per cent in 2017.

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New Infosys CEO asks employees to be ready for reskilling

January 3, 2018 01:57 IST

Parekh, a former executive of Capgemini, is the sixth CEO of Infosys and he assumes charge at a time when the company is going through a transitionary phase following the controversial exit of Vishal Sikka in August last year.

CBDT to I-T: Probe money laundering by firms struck off by RoC

DRI investigation: Pernod Ricard India ‘evaded’ Rs 612.72-crore customs dutySubscriber Only

January 3, 2018 01:18 IST

Pernod Ricard reported 1 per cent sales growth in India during the nine months that ended March 31, 2017.

Salil Parekh as CEO is a huge positive for Infosys: T V Mohandas Pai

January 2, 2018 22:07 IST

Salil Parekh being based in Bengaluru, the NASDAQ-listed company's headquarters, would also make a huge difference as most clients visit the campuses before they sign the deals and the teams working on their projects there, Pai said.

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196 companies to face penal action for CSR violations: Govt

January 2, 2018 18:11 IST

A total of 5,870 companies shelled out Rs 9,553.72 crore towards CSR activities in 2014-15 while the number of such firms and total money spent rose in the next fiscal.

JSW Energy cancels deal to buy JPVL’s Bina plant

January 2, 2018 01:14 IST

The deal, now in the making for more than two years, was valued at an enterprise value of Rs 2,700 crore or Rs 5.4 crore per MW in July 2016, when JSW Energy agreed to acquire two thermal units of 250 MW each.

Passenger vehicle sales: Maruti, Honda in the fast lane; Hyundai stagnant in December

January 2, 2018 01:08 IST

In the passenger vehicles (PVs) space, Maruti Suzuki and Honda Cars reported strong numbers compared with Hyundai Motors, whose sales were flat and Mahindra and Mahindra (M&M) which saw a seven per cent year-on-year drop in volumes.

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Department of Telecom to issue notice to five telcos to recover Rs 2,578 crore

December 31, 2017 12:26 IST

The CAG report said the government was paid Rs 1,015.17 crore less in licence fee, Rs 511.53 crore less in spectrum usage charge, and Rs 1,052.13 crore less as interest applicable on delay in payment.

Volkswagen scandal comes to India, NGT expert panel slaps Rs 171-crore fine as health cost

Volkswagen loses German court bid over diesel scandal audit

December 30, 2017 14:15 IST

The DSW shareholders' group had previously failed to get VW's regular general meeting to agree to such a review on top of an investigation already commissioned by the automaker.

Germany’s top court rejects Volkswagen’s bid to suspend emissions audit

December 29, 2017 22:53 IST

Although Volkswagen had pledged to improve transparency, it never published the findings that were used as the basis for a $4.3 billion settlement with the US Justice Department.

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SoftBank succeeds in tender offer for Uber shares

December 29, 2017 14:24 IST

SoftBank and the rest of the consortium, which includes Dragoneer Investment Group, will own approximately 17.5 percent of Uber, a person familiar with the matter said.

Reliance Jio to acquire RCom’s spectrum, towers

December 29, 2017 05:16 IST

RCom shares continued their rally for the third straight session on Thursday, surging nearly 8 per cent following the announcement of the revival plan.

Reliance Jio to take over mobile biz assets of troubled RCom

December 28, 2017 22:01 IST

While the two companies did not disclose the deal size, banking sources pegged the transaction value at Rs 24,000-25,000 crore.

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Maruti partners Delhi govt for automated driving test centres

December 27, 2017 14:11 IST

The company will invest approximately Rs 15 crore and the centres will be set up in phases, and handed over to Delhi government's transport department, Maruti Suzuki India Ltd (MSIL) said in a statement.

Watch: Tata Sons head Chandrasekaran at Express Adda

Simplification, synergy, scale to help achieve best: N Chandrasekaran

December 27, 2017 01:34 IST

Chandra said that with the Tata group’s diversified global footprint and presence in the lives of almost a billion consumers, it is uniquely positioned.

Sebi slaps penalty on 63 Moons Technologies

December 27, 2017 01:31 IST

The firm changed its name last year after FTIL came under the scanner of regulators and multiple investigating agencies.

Reliance Communications announces debt revival plan, ropes in new investor

December 27, 2017 01:27 IST

Anil Ambani said that the company will exit the strategic debt restructuring (SDR) framework of the Reserve Bank of India (RBI) with a zero write-off to lenders and bankers.

CDSCO asks state drug regulators to ‘keep a strong vigil’ on buclizine sales

Aurobindo’s antibiotic API substandard: Maharashtra FDASubscriber Only

December 27, 2017 01:07 IST

Aurobindo Pharma stated: “We found that there was a pilferage / theft / damage of subject material of your query during its transit/storage and on identification of such act, consignee has filed a police complaint which is currently under investigation.”