Page 2061 - Company News

Is the government undervaluing LIC for its IPO?

LIC's much-awaited IPO is finally opening on May 4. But its current valuation is Rs 6 lakh cr, less than half of the expected value of Rs 13 lakh cr. Is the govt undervaluing the state-run behemoth?

Billionaire tech pioneer Nilekani takes on Amazon, Walmart in India

India has become a battlefield for some global retail behemoths that are either shut out of China or are struggling to compete with local rivals there

What would Netflix's new model mean for the Indian OTT ecosystem?

Netflix's customer base shrunk by 2,00,000 during the January-March quarter, and likely to lose 2 mn more in the current quarter. It is now mulling a low-cost subscription, supported by advertising.

Reliance, Viacom18 partner with Bodhi Tree to form TV, streaming platform

In addition, the popular JioCinema OTT app will be transferred to Viacom18

LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion

Valuation fair and attractive; won't dilute stake for a year: Govt

Damani eyes partners for Ambuja Cements buy; may invest up to Rs 10,000 cr

May monetise Avenue Supermarts stake to raise funds

HDFC Life March quarter: Guidance of premium growth offers confidence

Analysts' target price tops Rs 600

Maruti Suzuki joins hands with Indian Bank for car loans

Maruti Suzuki India (MSI) on Wednesday said it has joined hands with Indian Bank to facilitate easy finance for customers.

Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year

Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period

BPCL, HPCL walk away with city gas licenses in latest bid round

Seven companies had put in 21 bids for city gas licences in five areas in states like Uttar Pradesh and West Bengal

Airtel buys 7% in cloud networking startup Cnergee Tech for undisclosed sum

Airtel has bought the stake at mutually agreed pre-money enterprise valuation but did not disclose the valuation due to reasons of confidentiality

Adani Enterprises incorporates wholly-owned arm for media related biz

Adani Enterprises Ltd (AEL) on Wednesday announced incorporation of its subsidiary AMG Media Networks.

RIL, Lupa Systems prepare for IPL rights auction with new joint venture

Bodhi Tree Systems, a platform promoted by Lupa Systems and Shankar, said it was investing Rs 13,500 crore in Viacom18

DGCA deregisters Air India's 4 Boeing 747 jets not in operation since 2020

Planes as old as these 747s consume a huge amount of fuel and require extensive maintenance, they said

Tata Group approaches CCI for merger between Air India and AirAsia India

The two combined entities, Air India and AirAsia India will have a 15.7% share of India's domestic passenger market.

Life Insurance Corporation to join league of top global insurance firms

Expected to list with m-cap of Rs 6 trillion - making it world's fourth biggest

Airbus inks pact with Tata Strive. AASSC to give training for aviation jobs

The Aerospace and Aviation Sector Skill Council (AASSC) is an apex body working towards skill development in aerospace and aviation sector under the aegis of National Skill Development Corporation

JSW to set up Rs 150 crore steel plant in south Kashmir's Pulwama

While JSW steel limited is all set to come up with its Rs 150 crore project in south Kashmir's Pulwama district, Apollo Hospitals will set up its medicare facility in Jammu district

Reliance, Apollo Global plan joint bid for Walgreens' Boots biz: Report

Reliance Industries Ltd andUS buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a media report said

BS Number Wise: Indian private sector's R&D aversion

Share of companies not reporting any spending on research is increasing; two sectors contribute to most of the spending