Page 3465 - Company News

ONGC may take Opal out of SEZ as domestic demand for petrochemicals grows

A DTA setup enables a company to set up manufacturing units that cater to the domestic market, while an SEZ unit is meant only for exports

Natco Pharma profit before tax drops 40% in Q2 to Rs 139 cr on tepid sales

The board of directors of Natco Pharma has recommended second interim dividend of Rs 1 per equity share of Rs 2 each

Jaypee Infratech lenders to meet on Nov 18, comply with SC direction

Jaypee group firm Jaypee Infratech went into insolvency in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the firm

Some e-commerce companies are indulging in predatory pricing: Piyush Goyal

Global economic outlook is facing grave challenges amidst growing protectionism and rising trade tensions, said Piyush Goyal

Accenture, SAP co-develop cloud-based solution to help utility firms

Accenture and SAP also plan to integrate data with Experience Management solutions

Adani Gas Q2 net doubles to Rs 120 cr as corporation tax cut lowers outgo

Consolidated net profit in July-September was at Rs 120.06 crore, or Rs 1.09 per share, compared with Rs 50.66 crore, or Rs 0.46 per share, profit after tax (PAT) in the same period a year back

Amway India expects health, beauty segments to boost revenue growth in 2020

Amway is investing in its online platform, which the company believes will get up to 40 to 50 per cent of sales in the coming years

Bayer makes Rs 170 crore profit in Sept quarter after merger with Monsanto

In Kharif, corn and veggies crops also helped

India Ratings cuts JSW Steel outlook, says liquidity will rise in FY20

The company has also deferred capex at its Baytown facility in the US by around USD 240 million of the announced USD 500 million.

UltraTech to sell stake in Bangladesh-based units to HeidelbergCement

UltraTech Cement had a revenue of Rs 35,703.50 crore in 2018-19 financial year

Tamilnad Mercantile Bank net grows 141% in April-September to Rs 62.74 cr

The bank's gross non-performing assets during the first six months of the year stood at Rs 1346.65 crore, or 4.91 per cent of its gross advances

As incentives and income fall, app-based cab drivers strike their own deals

According to consulting firm Redsheer, the drivers incentives i.e. percentage of gross booking value has fallen from 60 per cent in 2015 to just about 8 per cent in 2018

Abbott India Q2 net up 30% at Rs 178 crore, total income rises 8%

The company had posted a profit of Rs 137.68 crore for the year-ago period, Abbott India said in a filing to BSE

Embassy REIT posts Rs 232-cr Q2 profit, declares Rs 463-cr dividend payout

Embassy REIT's CEO Michael Holland said the company has reported another strong quarter of performance

Second whistleblower accuses Infosys CEO Parekh of unaccounted travels

The whistleblower complained that he was unable to disclose his identity fearing retaliation for the damning disclosures he was making against Parekh

Future Consumer reports Rs 17-cr loss in July-September; net sales up 11%

The company had posted a loss of Rs 3.23 crore in July-September 2018-19, Future Consumer, formerly known as Future Consumer Enterprise Ltd, said in a BSE filing

CG Power asks firms linked to promoter Thapar to return Rs 3,300 crore

CG Power reported narrowing of consolidated net loss in July-September to Rs 61.47 crore

NCLAT quashes Apeejay Tea insolvency proceedings; board's powers reinstated

On October 18, 2019 the Kolkata bench of the NCLT had admitted an insolvency plea of an operational creditor of Apeejay Tea claiming dues

IL&FS gets creditors' nod to sell education business for paring debt

Under the resolution framework for IL&FS, approval of Justice (Retd) D K Jain would be sought for the deal before approaching the National Company Law Tribunal for clearance.

Amid low response, MMTC extends tender offer for 6% ICEX stake till Nov 29

MMTC has invited bids for acquisition of up to 3,20,00,000 shares