Page 1931 - Company News

Glenmark nasal spray cuts down viral load of Covid by 94% in 24 hrs

Glenmark had conducted the study on 306 vaccinated and unvaccinated adults with symptomatic mild Covid-19 disease across 20 clinical trial sites in India

Airlines cancel, reschedule London flights as Heathrow restrictions kick in

The decision will result in airlines cancelling or rescheduling their flights or moving them to an alternative airport in the UK

Consistent growth, margins in Q1 keep Mindtree ahead of larger peers

Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24

LIC embedded value flat at Rs 5.41 trillion; VNB margin rises to 15.1%

In the past, analysts have said that LIC's balance sheet and, in turn, EV remain very sensitive to equity market movements

Sebi invites applications to hire 24 officials in IT department

The recruitment drive would beef up the headcount at the Securities and Exchange Board of India (Sebi) for faster and more effective execution of its regulatory role

Indian advertising market to grow 16% in 2022, touch $11 billion: Report

In terms of size, the Indian ad market will touch $11 billion in 2022 from $9.6 billion in 2021, the report said

Uber rolls out a slew of changes after forming driver advisory council

Uber has decided to do away with the trip acceptance thre­shold and rolled out the un­conditional upfront drop-off destination feature

Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

LIC's embedded value remains flat in FY22-end; VNB margin rises to 15.1%

The embedded value is a measure of the consolidated value of shareholders' interest in the life insurance business

Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion

"We are on a mission to embed sustainability into blockchain," said Pratik Gauri, chief executive officer and founder of 5ire

This winter, Europe could face energy rationing, warns Shell CEO

European consumers could face the prospect of energy rationing this winter as costs continue to soar amid the risk of Russia cutting off gas supplies, Shells chief exec has said, the media reported.

EV ride-hailing firm BluSmart close to raising $250 mn from Bp, others: CEO

By Aditi Shah

Uber driver will be able to see trip destination before accepting ride

Uber on Thursday said its drivers would be able to see the final destination of the passenger before they accept the ride as it looks to cut down on trip cancellation post-booking of the trip.

JPMorgan suspends buybacks, warns on global economy as Q2 profit slumps

JPMorgan Chase & Co reported a bigger-than-expected 28% fall in quarterly profit and suspended share buybacks on Thursday, as America's largest bank set aside more money to cover potential losses

NTPC co-fires 77k tonne biomass at 14 thermal power plants: Official

State-owned power giant NTPC has co-fired 77,000 tonnes of biomass till date at 14 of its thermal power plants across the country, a company official said on Thursday.

Marico sees better margin in H2FY23 on likely cooling of commodity prices

FMCG firm Marico expects demand and margin trends to improve towards second half of FY23 on likely easing of crude and edible oil prices in next few months, said the latest annual report

Torrent Power bags Rs 2,600-cr wind energy project in Karnataka from SECI

Torrent Power has bagged a 300 MW wind energy project worth Rs 2,600 crore in Karnataka from Solar Energy Corporation of India (SECI), according to a regulatory filing

Airtel approves allotment of 71.1 mn shares to Google at Rs 734 per share

Google will hold 1.2 per cent of the total post-issue equity shares of the company, Bharti Airtel said

Welspun Corp associate company bags Rs 689-cr steel pipe order in Saudi

Welspun Corp on Thursday said its associate company, East Pipes Integrated Company for Industry, has received an order of 324 million Saudi Riyal (around Rs 689 crore)

Amazon-backed Tonal cuts 35% workforce to trim expenses, readjust to demand

Amazon-backed connected fitness equipment maker Tonal is reportedly cutting 35 per cent of its workforce, affecting all levels of its business