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COMPANIES NEWS - Page 200
TCS secures $2.25-billion contract from Nielsen
December 23, 2017 03:49 IST
This fresh $2.25-billion dollar contract comes as a big boost for TCS as it growth has slipped into single digits and sets up a strong base for the coming years.
Hero MotoCorp to hike motorcycle prices from January
December 22, 2017 13:31 IST
The company sells a range of motorcycles starting from entry level HF Deluxe price at Rs 42,432 onwards to Karizma ZMR tagged at around Rs 1.10 lakh.
Aadhaar-based e-KYC verification: UIDAI gives conditional nod to Airtel
December 22, 2017 02:12 IST
Bharti’s subsidiary, Airtel Payments Bank, has not been allowed to use e-KYC licence key that will remain deactivated until further notice, sources said.
Reliance Infra sells Mumbai power business to Adani firm
December 22, 2017 02:06 IST
RInfra will utilise the proceeds from the deal “entirely to reduce its debt, becoming debt-free and up to Rs 3,000 crore cash surplus”, it said.
Government incentives needed to make electric vehicles affordable: RC Bhargava
December 22, 2017 02:02 IST
Bhargava also said that MSIL will launch a survey over the next couple of weeks to find a ground reality on electric vehicles.
2G spectrum case: DB Realty, Reliance, Essar ‘vindicated’ after acquittalSubscriber Only
December 22, 2017 11:58 IST
The 2G spectrum telecom scandal had led cancellation of 122 licenses by the Supreme Court on February 2, 2012.
GIC Re gets in-principle nod for Lloyd’s syndicate
December 21, 2017 02:54 IST
GIC Re has partnered with Ironshore’s Pembroke Managing Agency (Pembroke) to establish and manage the syndicate.
Edelweiss acquires Religare’s securities business
December 21, 2017 02:50 IST
The company said this acquisition would help it expand its geographical reach and distribution footprint and almost treble the client base.
Germany’s Delivery Hero sells Foodpanda India to Ola
December 20, 2017 01:48 IST
The move signifies Ola’s interest in the lucrative online food ordering market in India that is expected to grow at a compound annual growth rate of about 60 per cent over the next five years.
Ola to acquire Foodpanda’s India unit, pump in $200 million
December 19, 2017 14:31 IST
Under the deal, Foodpanda's India business will be transferred to Ola in exchange of the latter's stock, Ola said in a statement. It, however, did not divulge details about the number of shares that will be part of the transaction.
Dr Reddy’s arm settles case with US govt for $5 million
December 19, 2017 13:52 IST
Dr Reddy's, however, said it firmly disagrees with the US government's allegations.
Vijay Mallya evading summons: ED explains steps taken before court
December 19, 2017 02:00 IST
On November 4 last year, while issuing NBW against Mallya, the court had observed that Mallya had no inclination to return and had “scant regard” for the law of the land.
Will return Rs 190-crore subsidy to original a/cs, Airtel informs NPCI
December 19, 2017 01:40 IST
UIDAI, based on preliminary findings, temporarily suspended Airtel's eKYC licence key disallowing the company from conducting Aadhaar-based authentication in the interim.
MSTC-Mahindra vehicle recycling plant likely in Februrary 2018
December 17, 2017 11:01 IST
The guidelines are in place for recycling but without the policy, there would be no compulsion on the vehicle owner to send the car for dismantling. The total cost of the project is estimated at Rs 120 crore.
Enforcement Directorate freezes assets worth Rs 245 cr in State Trading Corporation fraud case
December 16, 2017 22:32 IST
ED earlier attached shares of Rs 62 crore (market value) in the name of Mittal and others in this case. The CBI case had been registered on the basis of a complaint from the PSU, the STC.
UIDAI suspends Airtel, Airtel Payments Bank’s eKYC licence
December 16, 2017 21:23 IST
Sources informed PTI that the interim order showcased some of the complaints as examples of the violation and went on to state that Airtel and Airtel Bank had made "false statements" to "deceive and mislead" UIDAI.
Tata group joins hands with GE to make aircraft engine components
December 15, 2017 02:57 IST
The joint venture will be executed by the Tata Group aerospace arm, Tata Advanced Systems and GE Aviation.
Disney buying large part of 21st Century Fox in $52.4 billion deal
December 14, 2017 18:03 IST
Before the buyout, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders.
Supreme Court stays NCLT order allowing Centre to take over Unitech
December 14, 2017 01:40 IST
Hearing an appeal filed by the firm challenging the NCLT order, the bench had asked the Centre why it had not taken its leave before moving NCLT.
Bharti Airtel to sell 20% stake in DTH arm to Warburg Pincus affiliate for $350 million
December 13, 2017 01:23 IST
Bharti Telemedia had about 14 mn subscribers and nearly $550 mn in revenues during the 12-month period ended September 30.
Essar Energy clears Rs 891-crore payout to EOL shareholders
December 13, 2017 01:07 IST
The announcement comes after the closure of the Rs 86,000 crore deal involving the sale of EOL by EEHL and OBML to Rosneft and a consortium led by Trafigura and UCP.
Govt takeover of Unitech: NCLT should have taken our leave, says Supreme Court
December 13, 2017 01:04 IST
The court was hearing an appeal filed by Unitech Ltd challenging the NCLT order allowing the Center to take over the firm's management.
Govt takeover of Unitech: NCLT should have taken our leave, SC
December 12, 2017 20:23 IST
Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.
Queensland govt vetoes plan to support loan to Adani in Australia
December 12, 2017 18:25 IST
The Adani group had applied for the Northern Australia Infrastructure Facility (NAIF) loan worth 900 million dollars for building the 388-km rail line to connect the major coal mine to the sea port.
Tata Motors to hike prices of passenger vehiclesSubscriber Only
December 11, 2017 14:09 IST
"The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase," said Mayank Pareek, President, Passenger Vehicle Business, Tata Motors.
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