Page 1903 - Company News

Smallcap World Fund buys 554,000 shares of Mastek for Rs 117 crore

Smallcap World Fund Inc on Monday purchased 5.54 lakh shares of IT company Mastek Ltd for Rs 117 crore through an open market transaction.

How CIL is chasing the monsoon to reduce coal supply disruptions

After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations

Well-poised to usher in 5G revolution in India, says Bharti Airtel

Bharti Airtel on Monday said it is well-positioned to usher in the 5G revolution in India after Sunil Mittal-led telco acquired spectrum worth Rs 43,084 crore in the auction.

Fully ready for 5G rollout in shortest period of time: Jio on Rs 88k-cr buy

After buying spectrum worth Rs 88,078 crore in the auctions, Reliance Jio said it is gearing up to roll out an advanced 5G network to make India a global leader in digital connectivity and solutions.

Honda Motorcycle Scooter India's sales rise 15% to 443,643 units in July

Honda Motorcycle Scooter India (HMSI) on Monday said its total vehicle sales were up by 15 per cent at 4,43,643 units in July.

Non-life insurers not keen on paying obligatory cession to GIC Re

The obligatory cession was reduced from 5% to 4% for 2022-23. The impact of the reduction on GIC Re will be Rs 2,000 crore

See industry investing Rs 2 trn-Rs 3 trn in two years: Telecom Minister

Buoyed by record bids in the auction of 5G spectrum, Ashwini Vaishnaw said he expects investments to be infused into both fourth and fifth generation technologies

Zomato plans new management structure, with multiple CEOs: Internal memo

CEO Deepinder Goyal also said in the memo that 'Eternal', the proposed name for the parent organisation, would remain an 'internal name for now'

5G spectrum auction: Jio top bidder with Rs 88,078-cr bid, says govt

Jio acquired 24,740 MHz spectrum, Airtel made a successful bid of Rs 43,084 cr, Vodafone Idea bought spectrum for Rs 18,784 cr, says Telecom Minister Ashwini Vaishnaw

M&M shares jump over 6% after July sales data; hit 52-week high

Shares of Mahindra & Mahindra Ltd on Monday jumped over 6 per cent after the company reported a 33 per cent increase in domestic passenger vehicles sales in July this year.

With fleet expansion on mind, Air India to let pilots fly till they are 65

'To meet our requirement, it is proposed to retain our current trained pilots at Air India post-retirement on a contractual basis for five years extendable to 65 year,' says the airline

Top headlines: Govt nets Rs 1.5 trn at 5G auction; monkeypox death in India

The National Institute of Virology in Pune on Monday confirmed the death of a 22-year-old man from Punnayur in Thrissur district of Kerala as the first case of monkeypox death in India.

Air India CMD asks its operations control centre to cut flight delays

Air India's newly appointed CMD Campbell Wilson has asked the airline's integrated operations control centre (IOCC), which is the "nerve centre" of any carrier, to report directly to him

Alibaba striving to maintain US listing amid SEC's delisting fears

Chinese e-commerce firm Alibaba said on Monday that it wants to keep its shares listed in both New York and Hong Kong, days after US regulators included it in a list of companies that may be delisted

Tata Motors' shares climb nearly 7% post 51% jump in July sales

Shares of Tata Motors on Monday jumped nearly 7 per cent after the firm reported a 51.12 per cent increase in total sales last month.

TVS Motor sales rise 13% in July to 314,639 units

TVS Motor Company on Monday reported a 13 per cent increase in total sales at 3,14,639 units in July.

Apollo Tyres prepares to meet demand from electric vehicles segment

Apollo Tyres expects electric vehicles' adoption to pick up pace over the next few years and is gearing up to cater to demand both in passenger vehicle and two-wheeler segments.

Lifestyle & grocery retailers reverse FY21 trend, hire over 180,000 people

The total number of employees in eight of the top retailers in India went up 57 per cent to 4,90,000 in FY22, with Reliance Retail hiring the most number of people at 1,61,000

Eveready Industries reports 27.5% fall in Q1 net profit at Rs 22 cr

Battery and flashlights maker Eveready Industries India Ltd on Monday reported a decline of 27.48 per cent in its consolidated net profit at Rs 21.85 crore for the quarter ended June 30, 2022.

Bajaj Consumer Care reports 30.7% dip in Q1 net profit to Rs 33.9 cr

FMCG firm Bajaj Consumer Care Ltd on Monday reported a decline of 30.69 per cent in its consolidated net profit at Rs 33.89 crore for the first quarter ended June 30, 2022.