Page 2122 - Company News

LIC net surges to Rs 234 cr in Q3FY22 due to change in surplus distribution

In the same period last financial year, LIC's net profit totaled Rs 0.91 crore

Walmart not keen on retail stores in India; to focus on Flipkart, PhonePe

American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India

eHealth sector to reach $40 billion GMV by 2030, says RedSeer report

Pandemic worked as a catalyst to trigger growth within this sector, paving the way for a booming eHealth landscape that grew at 51% CAGR in 2021

ONGC fails to get bids in its tender to sell Russian oil: Report

No Indian company has publicly withdrawn from Russia and New Delhi has declined to condemn Moscow's invasion of Ukraine despite pressure from the United States to do so.

Data localisation not a solution; compliance to laws top priority: Visa CEO

The RBI mandate on data localisation is not the best solution to address concerns regarding information security, global cards major Visa said on Friday.

Cairn Oil & Gas to spend $4 billion, aims 3 times production increase

As high prices make investments attractive, firm charts plan for next 3 years

SoftBank in talks with Tatas, Mahindra for stake buy in subsidiary: Misra

Japanese investor SoftBank Investment Advisers is in talks with Tatas and Mahindras for a stake buy in one of their subsidiaries, a top official said on Friday.

Mumbai power outage: Maharashtra sends notice to Tata Power

A Tata Power spokesperson said the notice is a part of laid out procedures during such events and does not suggest any fault on its part

udaan tops duopolistic Kirana e-commerce market in India: CLSA report

The platform has a 60% share in this space, with Reliance Jiomart being the only other dominant player

Edtech unicorn Unacademy to open offline experience centres

Company has plans to establish similar touchpoints across the country starting with Kota, Jaipur, and Lucknow

CCI decides not to pursue case related to Amazon Seller Services

The regulator had taken suo moto cognisance of the matter after a report stated that 'Amazon copied products and rigged search results to promote its own brands, documents show'

Domestic airlines plan to operate 4% more flights in summer schedule 2022

Among the large airlines, Air India will see largest capacity addition

Nokia set to replace Huawei gear in parts of Voda Idea's network: Report

The deal will see Nokia deploying 12,000 5G-ready radio sites and 4,000 small cells in Vodafone Idea's network in India's capital Delhi, the sources said

Multiple tailwinds in NMDC point to major upside, mine-lease premium weighs

Favourable demand-supply situation pushing up ore prices, value unlocking through demerger, high dividends and cheap valuations are key positives

Office property market: REITs in play as leasing trends to gain traction

Distribution yields could go up but risk of covid infection, interest rates remain

Power Finance Corp pays Rs 887 crore as interim dividend to govt for FY22

Power Finance Corporation on Friday said it has paid Rs 886.97 crore as an interim dividend to the government for the financial year 2021-22.

Another life for Eveready with an open offer, but what's in it for Burmans?

The Burman group on acquiring control intends to be a "promoter" of Eveready

Exodus at tech firms continues from Russia-Ukraine, impacting operations

Companies are taking all possible steps to keep employees safe and to ensure their businesses aren't impacted

Realty firm Sobha's Vice Chairman and MD J C Sharma resigns

Sharma will hold the position till March 31, 2022

D B Realty's partnership firm gets MCGM's nod to construct 4,000 tenements

D B Realty on Friday said its partnership firm DBS Realty has received a letter of acceptance from Municipal Corporation of Greater Mumbai (MCGM) to construct 4,000 tenements.