Page 2155 - Company News

Corporate performance: India Inc's profit rises 27% in third quarter

Analysts see a further downside in earnings in the forthcoming quarters

Sebi makes separation of Chairman, MD posts voluntary for India Inc

Reprieve will benefit more than 150 companies, including Reliance Industries, Hindustan Unilever, Bajaj Finserv and Adani Ports

Margin pressures may cap upsides for Voltas; Dec quarter show mixed

After two dismal seasons, the sector is hoping for a recovery this year

Two Cipla promoters sell 20 mn shares; promoter group now holds 34.23%

Chairman Y K Hamied and Vice Chairman MK Hamied, who are non-executive directors and promoters, have sold 2,01,69,756 shares on Tuesday

Supreme Court asks Future Retail to move Delhi HC on NCLT proceedings

Directs HC to give orders uninfluenced by SC observations

After Glance, InMobi's Roposo to enter business deal with Reliance Retail

InMobi's social media arm Roposo is in discussions with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said

IBM announces acquisition of US-based Neudesic; adds to India presence

IBM has stated that it will be focusing on hybrid cloud play which it says is a $200 billion opportunity

Lenders expect to close Jaypee Infratech's debt resolution by March

Firm likely to go to Suraksha Realty, which made winning bid of Rs 7,736 crore as against govt-owned NBCC India's Rs 6,536 crore offer last June

Initiate next generation reforms to improve ease of doing biz: FM asks Sebi

The minister's remarks come against the backdrop of the Federal Reserve deciding to tighten its monetary policy after a long period of easy money regime

Glencore sets aside $1.5 bn for probes into bribery, market manipulation

Glencore expects to resolve probes into bribery and market manipulation in 2022

Ride-hailing giant Didi to cut up to 20% jobs before Hong Kong listing

Chinese ride-hailing giant Didi Global plans to reduce its overall headcount by as much as 20 per cent

LIC appears to be ill-equipped to handle new dynamics of insurance market

LIC identifies the problems well in its DRHP but what the markets will watch is how nimble it is with the solutions

Tencent-backed Sea's $16-bn crash signals trouble beyond India shutout

Sea Ltd. lost more than $16 billion of value in its biggest daily market drop after India abruptly banned its most popular mobile gaming title

Intel acquires Israeli chip maker Tower Semiconductor for $5.4 bn

Chip-maker Intel confirmed it is acquiring Israeli contract chip manufacturer Tower Semiconductor for approximately $5.4 billion.

Infosys BPM plans to hire 400 skilled workers in Costa Rica

Infosys BPM in Costa Rica currently has a skilled workforce of more than 300 people

Yes Bank launches start-up enabler programme for food and agri sector

Yes Bank has launched a programme for digital financing solutions in the food and agriculture sector under its start-up enabler initiative

Cement maker ACC commissions 1.6-MTPA grinding unit at Tikaria in UP

Cement maker ACC Ltd on Tuesday announced the commissioning of a 1.6-MTPA grinding unit (GU) at Tikaria in Uttar Pradesh.

UAE-based Lulu group to invest Rs 400 cr to set up food park in Kerala

The UAE-based retail major Lulu Group on Tuesday said it will invest Rs 400 crore to set up food park in Kerala.

Capital A launches $ 10-million fund to boost EV ecosystem in India

Capital A, a venture fund for seed to early-stage meaningful start-ups, on Tuesday announced the launch of a USD 10-million cleantech fund that will be utilised for funding electric vehicles

LIC policyholders must update PAN details by Feb 28 to participate in IPO

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March