Page 2179 - Company News
BigBasket establishes presence in 18 tier-2 and 3 cities across India
The expansion of BigBasket's coverage is also taking place in the form of Fresho stores, the physical retail outlets established by the company
 "BigBasket establishes presence in 18 tier-2 and 3 cities across India")
'Domestic 2-wheeler sales dip 21% in Jan; recovery likely in coming months'
The low year-on-year sales volume in January highlights the adverse impact of price hikes, fuel inflation, and Omicron-related concerns on consumer sentiments, says ICRA
 "'Domestic 2-wheeler sales dip 21% in Jan; recovery likely in coming months'")
S&P downgrades Future Retail to 'D' after company fails to clear dues
Future Retail Ltd failed to make the principal payments due on its restructured domestic bank borrowings on December 31, 2021.
 "S&P downgrades Future Retail to 'D' after company fails to clear dues")
Tata Sons excited to work together to make AI airline of choice: Ratan Tata
Tata Group is excited to work together to make Air India, airline of choice in terms of passenger comfort and service'. This is an audio message from Ratan Tata played onboard some Air India flights
 "Tata Sons excited to work together to make AI airline of choice: Ratan Tata")
Zydus Cadila starts supply of Covid-19 vaccine ZyCoV-D to govt
ZyCoV-D is a three-dose vaccine administered intradermally
 "Zydus Cadila starts supply of Covid-19 vaccine ZyCoV-D to govt")
CCI says SC dismissed tyre companies' appeals against its order
In August 2018, the watchdog had imposed a total fine of more than Rs 1,788 crore on Apollo Tyres, MRF, CEAT, Birla Tyres, JK Tyre and Industries and Automotive Tyre Manufacturers Association (ATMA)
 "CCI says SC dismissed tyre companies' appeals against its order")
Lease rental discounting rates lowest in 10 years for top realtors
Fall 200 bps in 24 months as banks struggle to deploy credit
 "Lease rental discounting rates lowest in 10 years for top realtors")
Govt raps Google, Twitter and Facebook over fake news: Report
The I&B ministry did not respond to a request for comment on the meeting, which was also attended by Indian content-sharing platforms ShareChat and Koo, which have millions of users in the country
 "Govt raps Google, Twitter and Facebook over fake news: Report")
Private capex may start picking up by end of next fiscal, says India Inc
Govt's increased capex will benefit Indian companies, but with a lag
 "Private capex may start picking up by end of next fiscal, says India Inc")
Union Budget 2022-23: Telecom firms spar over 5G auction quantum
Airtel wants only interference-free spectrum to be put up for auction
 "Union Budget 2022-23: Telecom firms spar over 5G auction quantum")
HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance
HSBC Insurance (Asia Pacific) Holdings Ltd (INAH), one of the shareholders in Canara HSBC OBC Life Insurance Co Ltd, has expressed its intention to acquire PNB's stake in the insurance company
 "HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance")
HCC Group signs pact with Cube for sale of Baharampore-Farakka Highway
HCC Group said it has signed an agreement with Cube Highways to sell Baharampore-Farakka Highways Ltd (BFHL) at an enterprise value of Rs 1,279 crore.
 "HCC Group signs pact with Cube for sale of Baharampore-Farakka Highway")
SJVN upscales power generation capacity target to 50,000 MW by 2040
State-run power producer SJVN Ltd announced that it has doubled its target of installed electricity generation capacity to 50,000 MW by 2040.
 "SJVN upscales power generation capacity target to 50,000 MW by 2040")
At $8.65 bn, LIC 10th most valued insurance brand globally: Report
Life Insurance Corporation, which is bound for the nation's largest share sale by March, is the strongest and the largest brand in the country with a valuation of $8.656 billion
 "At $8.65 bn, LIC 10th most valued insurance brand globally: Report")
BPCL says no bidder visits in Q3, privatisation may be pushed to FY23
Govt is selling its entire 52.98% stake in BPCL for which three EoIs, including one from billionaire Anil Agarwal-led Vedanta Group, have been received
 "BPCL says no bidder visits in Q3, privatisation may be pushed to FY23")
CCI approves acquisition of equity in Escorts by Kubota Corporation
The transaction involves Kubota's acquisition of certain additional equity shares of Escorts by way of preferential allotment
 "CCI approves acquisition of equity in Escorts by Kubota Corporation")
NMDC iron ore output grows 28% to 33 MT in Apr-Jan; sales jump 25%
State-owned NMDC on Tuesday said its iron ore production surged over 28 per cent to 32.88 million tonnes (MT) in April-January 2021-22.
 "NMDC iron ore output grows 28% to 33 MT in Apr-Jan; sales jump 25%")
Top headlines: Budget 2022 sparks concerns on inflation; HDFC Q3 net up 11%
Business Standard brings you the top headlines on Wednesday
 "Top headlines: Budget 2022 sparks concerns on inflation; HDFC Q3 net up 11%")
Zydus Wellness Q3 net profit jumps over 1,200% YoY to Rs 23 crore
The company reported consolidated net sales of Rs 384.9 crore, a growth of 2.3%; Five key brands maintained leadership positions in respective categories
 "Zydus Wellness Q3 net profit jumps over 1,200% YoY to Rs 23 crore")
Google to build more products in India for the world: Sundar Pichai
'It is a reflection of our confidence in the future of India, its digital economy, our desire to build products there, which we think will help us globally,' Pichai said
 "Google to build more products in India for the world: Sundar Pichai")