Page 2227 - Company News

Elon Musk-led Tesla sells 70,847 China-made vehicles in Dec: Report

Elon Musk-owned electric vehicle company Tesla has sold a record 70,847 China-made vehicles in December, says a new report.

L&T's arm dispatches mega tubular reactors to overseas plants

This was a repeat order after four identical reactors were supplied by L&T to the same client in 2020, during the first wave, the company said

Supreme Court reserves verdict on pleas of Future group companies

Amazon had dragged Future Group to arbitration at SIAC in October last year, arguing that FRL had violated their contract by entering into a deal with rival Reliance Retail

Vodafone Idea dues conversion will free up money to pay lenders

A top executive at a private bank said the money that was going towards paying government dues would stay in the books and should be used for loan payment

Boeing airliner sales jump but deliveries lag rival Airbus

Boeing said Tuesday that it delivered 38 commercial planes in December and 340 for all of 2021

Telecom companies push for 90-95% cut in base price of 5G spectrum

Telcos seek easy payment terms of 20-25 years, with 5-6 years of moratorium

Fantasy sports firms contribute biz worth Rs 3,000 cr: Dream Sports CEO

During the IAMAI Digital Summit, Dream Sports co-founder and CEO Harsh Jain said the company is looking to invest in start-ups and anything that makes sports better

JSW Steel says group's combined output grows 28% to over 5 MT in Oct-Dec

JSW Steel is the flagship business of the diversified $13 billion JSW Group

Madras High Court dismisses SpiceJet's appeal against winding up order

The airline has time till January 28 to move the Supreme Court.

Employee connect crucial to build culture esp for freshers: Rishad Premji

Says the top challenge that the IT industry is facing right now is talent. The companies who win the war on talent, win the game

Covid-19 & low base in 2020 boost anti-infectives growth, shows data

Antibiotics, antivirals spur drug category; chronic therapies post lower numbers

Vodafone Idea lives to see new day, ending Jio-Airtel duopoly fears

With no duopoly, Airtel and Jio will now concentrate on improving their bottom lines rather than playing the pricing game to target Vi customers or ensure its demise

Govt to pick up 9.5% stake in Tata Teleservices subsidiary

The dilution in Tata Sons' stake in TTL is not known

Hindustan Unilever hikes prices of soaps and detergents by 3-20%

This comes on the back of rising raw material costs, which had forced the company to initiate several similar rounds of price hikes last year, too

Govt set to become largest shareholder of Vi, to own 35.8% stake

Currently, the Aditya Birla group holds around 27.7 per cent while Vodafone Group holds 44.3 per cent in the telco

After a strong Q3 show, multiplex operators face near-term headwinds

While January could be a washout, footfalls are expected to recover once the virus impact wanes

India Inc's FY21 debt-equity ratio at 6-yr low on massive deleveraging move

Analysts expect a further reduction in the current financial year, helping companies lower interest cost and thereby boosting profitability

Beating high expectations critical for further gains in midcap IT stocks

While the overall growth outlook is positive, there are headwinds for margins and valuations are at premium to large-cap IT firms

Shriram Transport raises $475 mn, to use it for employment generation

Asset financing company Shriram Transport Finance Company said it has raised $475 million (about Rs 3,500 crore) through Reg S Bond, having a tenor of 3.5 years and offering a coupon of 4.15%

LazyPay joins cards bandwagon, targets 1 million customers this year

The BNPL platform said it is on track to grow three-fold in monthly disbursals to Rs 300 crore in January on a year on year basis.