Page 2294 - Company News

Reliance to transfer Jamnagar asset to subsidiary for syngas production

The transfer will help "unlock the value of syngas" and will help the company's transition to renewables as its primary source of energy, said the company in a press release

RIL board decides to restructure, repurpose gasification assets

Reliance Industries Ltd's Board on Wednesday decided to implement a 'Scheme of Arrangement' to transfer the 'Gasification' undertaking into a wholly-owned subsidiary (WOS).

Amazon seeks to pause antitrust review of 2019 deal with India's Future

The Competition Commission of India (CCI) in June accused Amazon of concealing facts and making false submissions.

Star Health: An interesting opportunity for long-term investors

Industry leading growth and healthy financials in a sector with vast opportunity are positives

Profit concentration in India Inc rises amid private sector growth

20 most profitable companies account for 65% of corporate profits

Favourable outlook across segments to keep earnings growth robust for SRF

Gains from multiple triggers are factored in valuations which limits upsides

Dozen Indian IPOs now under extra investor scrutiny after Paytm debacle

Planned smaller IPOs could have a harder time pricing shares if there is a reduced appetite for new listings

Indian mobile gaming sector revenues to grow to $5 bn by 2025: Report

There are now over 300 million gamers in India, and revenue across all gaming devices reached $1.8 billion in 2020

PVR expects full recovery in March quarter; slew of movies set to release

The film exhibition major is currently experimenting with gaming and received a good response

Centre allows Bharat Biotech to begin commercial exports of Covaxin

Bharat Biotech made 55 million doses of Covaxin in October, and aims to make 80 million doses in December.

Ashok Leyland to focus on CNG and LNG products in green mobility push

Firm has dedicated existing testing facility in Hosur towards alternative fuel, aims to have complete portfolio of commercial vehicles in this space in next 2-3 years

Investments in Indian gaming top $1.6 bn till Sept, surpass total of 5 yrs

Though monetisation in India is only 1% of global share, report by investment bank Maple Capital Advisors sees strong growth in domestic sector with heavy spending by users

Acer India, Dixon Tech partner to manufacture 500,000 laptops annually

Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday.

VAV Life Sciences unit to reach 40% of global mRNA lipid capacity next yr

Firm expanding mRNA lipids capacity 10-fold, overall plant capacity by 6 times by June

Manipal Hospitals in advanced talks to acquire AMRI for Rs 1,100 crore

Source says clarity on deal finalisation by mid-December; AMRI has four hospitals in Kolkata, one in Bhubaneswar

Central Vista: 6 firms submit technical bids to construct Executive Enclave

Six infrastructure firms, including Tata Projects Limited and L&T Limited, have submitted technical bids for the construction of an executive enclave that will house the prime minister's office (PMO), Cabinet secretariat, India House and National Security Council Secretariat, a CPWD official said on Wednesday.

Tata-owned BigBasket enters offline grocery, will invest up to Rs 400 cr

It plans to expand its footprint to 200 physical outlets pan India by 2023 and 800 by 2026

Proxy advisory firm InGovern raises related-party issues at Asian Paints

Company says the audit committee has a majority of independent directors, and the promoter director does not participate in the meeting during discussions on related-party transactions

Ronnie Screwvala's upGrad to merge arms, become integrated global edtech

As an integrated higher edtech global player, it would be offering short-form courses, campus programmes and government test preparation courses.

Blade India to induct five new H125 helicopters, ties up with Airbus

Since its inception, Blade has been in active discussions with state governments and tourism boards to introduce short-haul air mobility services across India