Page 2106 - Company News

Traction in hiring, improving real estate demand positives for Info Edge

Cash deployment and valuation upside for new business/investee firms are other triggers

IL&FS recovery likely to be Rs 61,000 crore, 62% of total debt

The resolution process of IL&FS started three and half years ago after a new management was appointed by the government

Centre to sell 1.5% stake in ONGC via OFS; may get Rs 3,000 crore

Offer includes green shoe option, opens Wednesday; retail investors can place their bids Thursday

Samsung eyes 40% share in mid to high-end smartphone mkt by year end

Leans on revamped Galaxy A-Series; current market share is upwards of 25 per cent in the Rs 20,000-45,000 segment

BSE starts search for new MD & CEO as Ashish Chauhan's term ends

Candidates are required to send their applications by April 23 and it has appointed Egon Zehnder to oversee the process.

Tata Consumer Products to recast its India and overseas businesses

The company also proposed to purchase of a 10.15 per cent minority interest in its UK subsidiary, TCP UK, from Tata Enterprise (Overseas), Switzerland, (TEO).

Electricity tariffs may rise in Mumbai on spike in global coal prices

Maharashtra power regulator had set tariff for Mumbai users for 5 years in March 2020 when Richard Bay coal prices were at $64-72 a tonne. Since then, coal prices have quadrupled

Adani Group achieves financial closure of Navi Mumbai airport project

Milestone achieved by raising Rs 12,770-crore loan from SBI

IndiGo names Gaurav Negi new CFO, expands role of strategy head

Negi takes over from Jiten Chopra who is leaving to pursue other interests; new incumbent is the third CFO at the airline in as many years

Future Enterprises defaults on Rs 19.16-crore loan repayment

The due date for payment of Rs 19.16 crore was March 28, FEL said in a regulatory filing

From fleet to marketing, Alliance Air plots strategy for life beyond AI

Experts point out that profitability will be a challenge for the airline especially in view of high fuel prices

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Twitter bets on cricket in India market with new features, content formats

Between January 2021 and January 2022, 4.4 million Indians on Twitter shared 96.2 million tweets about cricket

Tata Sons nets Rs 11,164 crore from TCS buyback, LIC Rs 528 crore

Close to a million retail investors in TCS tender shares in the just-concluded buyback programme

SMSes pertaining to FPO not issued by the company, says Ruchi Soya

Ruchi Soya Industries has filed a first information report in Haridwar to investigate the origin of the messages doing the rounds on social media

'Pain in system is too much': Motherson Sumi chief sees lot of acquisitions

The $10-billion Motherson Sumi group, which has acquired 27 companies in the last two decades, is gearing up to acquire several more in the coming months, indicated its chairman V C Sehgal

Ind-Ra upgrades Vedanta's long-term issuer rating to 'AA'; outlook stable

India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook.

USL extends deadline for strategic review of its liquor brands till May 31

On December 27, 2021, it had extended the deadline by three months till March 31, 2022

Tata Consumer Products announces recast of India and overseas businesses

To combine Tata Coffee's business into Tata Consumer Products and its wholly owned subsidiary through a composite scheme of demerger and merger

Defence ministry seals Rs 1,109 crore contract with Bharat Electronics

The ministry said the IEWR will be used to test and evaluate airborne electronic warfare (EW) equipment and validate their deployment in an operational scenario