Industry
ITC takes 33.42% stake in vending machines start-up
In a stock exchange filing, ITC said the objective of this cash deal is to strengthen presence of its FMCG products in the emerging distribution channel of vending machines.
No relief: DoT notice asks telcos to pay AGR dues in 3 months
Rs. 1.3 lakh crore due from telcos; even ISPs including PSUs asked to pay, so total amount could be around Rs. 3 lakh crore.
SpiceJet Q2 loss widens to Rs 463 crore on higher costs
Losses at SpiceJet widened to Rs. 463 crore for the quarter ended September 2019, impacted by higher costs and a seasonally weak quarter, the company said on Wednesday.
NBCC, Suraksha Realty asked to submit fresh bids to acquire JIL
Following the directive of the Supreme Court, Jaypee Infratech (JIL)’s resolution professional (RP) Anuj Jain has asked two eligible contenders – NBCC and Suraksha Realty – to submit their r
IndiGo, GoAir may get more time to replace engines of A320neos
The Directorate General of Civil Aviation (DGCA) will review its earlier directive to IndiGo and GoAir to replace at least one of the two engines in 36 identified A320neos fitted with Pratt & Whitney
RCom, CoC extends bids submission deadline for company’s spectrum
The committee of creditors (CoC) for Reliance Communications (RCom) on Wednesday extended the deadline for submission of bids for the company's spectrum by 10 days.
NCLAT sets aside tribunal order to begin insolvency process against Apeejay Tea
The operational creditor, Assam-based Hanusita & Sons, which had been supplying fertilisers to the tea company, had alleged that the company had defaulted on payment of around Rs. 48.72 lakh.
Reliance Industries plea on Alok delisting: NCLAT gives Sebi last chance to reply
RIL got debt-ridden Alok Industries after the Ahmedabad Bench of the National Company Law Tribunal (NCLT) had approved its Rs. 5,052-crore resolution plan in March this year.
Goqii plans to raise $100-150 million to expand business
Goqii, a preventive healthcare platform, is planning to raise $100-$150 million in funding, as the company scales up its India business.
Adani Power second quarter profit falls 99% on poor sales
Adani Power's consolidated net profit for the September quarter of 2019 got decimated on poor sales and operating margins, missing Bloomberg analysts’ estimate of Rs. 33.25 crore net profit.
Red-flagging exposures: Banks may classify DHFL as fraud account
State Bank of India (SBI), Bank of Baroda (BoB) and Union Bank of India are understood to be among those contemplating the move to red-flag the account.
Bombay high court relief for banks in DHFL debt recovery
The HC had earlier restrained DHFL from making payments to any of its secured/unsecured creditors, including, payments to any FD holders, following a plea by MFs.
FD holders move Bombay HC seeking priority in DHFL payments
The petition urged the court to direct DHFL to make the payment of Rs. 55 crore to deposit holders.
Muthoot Finance Q2 net up 77%
NBFC Muthoot Finance (MFIN) registered a 77% rise in standalone net profit to Rs. 858 crore for Q2FY20 against Rs. 484 crore a year ago.
Repco Home Finance Q2 net jumps 51%
Repco Home Finance has reported a 51% jump in its net profit at Rs. 100.6 crore for Q2FY20 compared to Rs. 66.58 crore a year ago.
New India Assurance Q2 net up 61% at Rs 530 crore
New India Assurance Company, the country’s largest non-life insurer, reported a net profit of Rs. 530 crore in Q2FY20, a rise of 61% from the previous year.
Coolpad Cool 5 review: Cool device for next-gen users
Cool 5 is a specs-rich Android phone with a budget-friendly price tag.
Asus Zenbook Pro Duo review: Double the screen, lesser the fun
Asus’s dual screen offering does not dazzle as it should, but holds utility for a limited segment.
India is embracing technology at a very fast pace: Patricia Florissi, VP, Dell Technologies | Interview
India is not just another market, it is the most important part of Dell Technologies’ journey, remarks Patricia Florissi, the company vice-president and global CTO – sales.
Data privacy: Finding out what data apps really collect
Exodus and AppCensus—two easy-to-use services that help users learn what permissions an Android app has, as well as what user data it collects.
Eveready’s outstanding ICDs to stressed Williamson Magor almost same in Q1, Q2
For dry cell battery major Eveready Industries, the amount of outstanding inter-corporate deposits (ICDs) to stressed Williamson Magor group companies remained almost the same for the first and the se
Banks may be given incentive to extend loans in backward areas: RBI
Data on the average loan taken by agricultural households indicated that 72 per cent of the credit requirement was met by institutional sources and 28 per cent from non-institutional sources, he said
Apple launches MacBook Pro with biggest display ever: Price in India, specifications
Apple's new MacBook Pro brings back the scissor-switch keyboard style for good
Committee of creditors extends RCom’s asset bid deadline by 10 days
Airtel has placed conditional bid to buy spectrum of RCom while Bharti Infratel has submitted bids for mobile towers.
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