Companies & Sectors

Prepaid tariff hikes earlier this month along with the moratorium on spectrum payments announced by the government will not be a complete solution for the telecom sector in India, which is reeling under acute financial stress, says a research note.   In the report, Acuité Ratings and...
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Maruti Suzuki on Friday announced to recall 63,493 units of 'petrol smart hybrid' variants of Ciaz, Ertiga and XL6 models due to a likely issue with their motor generator units (MGU).   In a regulatory filing, the company said: "A possible defect may have occurred in the MGU during...
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India's proposal to cap trade margins available to drug distributors will not significantly hurt the profitability of pharmaceutical companies, as the proposal does not restrict the margins at which pharma companies sell to distributors, says Fitch Ratings.   The National...
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The Insurance Regulatory and Development Authority of India (IRDAI) has finally decided to follow guidelines issued by the Central Vigilance Commission (CVC) and issued order identifying sensitive posts. IRDAI took more than a year to identify sensitive posts, despite a clear guidelines by...
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Travel services major Thomas Cook (India) Ltd has signed an agreement to acquire the Thomas Cook brand for Rs 13.9 crore for use in India, Sri Lanka and Mauritius markets, said a senior company official.   The company signed an agreement with AlixPartners, Thomas Cook UK's appointed...
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