Page 2299 - Company News

Will Airtel's tariff hike turn a corner for India's telecom sector?

Airtel took a bold step of raising tariffs by 25% starting this Friday, notwithstanding the risk attached to it. Does this mean brighter days ahead for the telecom sector? Take a look at this report

Redmi India partners Jio for conducting 5G trials for Redmi Note 11T 5G

Redmi Note 11T 5G will launch in India on November 30, 2021

Global bull-run in fossil fuels may be peaking out for now, glut seen ahead

Prospects of lower global economic growth amid fresh Covid wave and reduction in bond buying by US Fed weighing on sentiment

Aramco eyes new investments in India after Reliance scraps $15-bn deal

Aramco had signed a non-binding letter of intent in August 2019 for a potential 20% stake in Reliance's oil-to-chemicals unit valued at about $15 billion

Aramco deal collapse hits RIL shares, market cap loss at Rs 72,000 cr

Analysts said market was factoring in a full $75 bn valuation for O2C segment. Irrespective of the refining and petrochem cycle, the key catalyst for the market was Aramco deal closure

Telecom tariff hike augurs well for Airtel, industry-wide revision likely

Analysts pointed out that further tariff hikes could come in the next 18-24 months as the aim is to hit an ARPU of Rs 300 per user per month

Airtel's earnings likely to increase 12% after tariff hike

Vi is expected to raise prices, but Jio's reaction to the hike will be critical: Experts

CAIT demands strict action against Amazon for alleged sale of marijuana

The Confederation of All India Traders (CAIT) on Monday demanded strict action against e-commerce giant Amazon for the alleged sale of marijuana on its platform

DLF rental arm raises Rs 1,000 crore through debentures

The NCDs will be listed on the Wholesale Debt Market of BSE

Vedanta business spinoff may not affect parent's credit quality: Moody's

Currently, there is no separate disclosure on free cash flow generation by the different businesses; after spinoff each entity will report separate financials

What ails Indian pharmaceutical space? Here's what CCI says

Cardiac medicines accounted for the highest volumes in 2020. Despite the burden of diabetes rising, its share in volumes was low; however, its share in total value was higher

From M&M to Escorts, tractor makers hitch a ride on farm machinery

A saturated tractor market and increasing mechanisation provide the momentum

Purplle.com closes $140 mn Series D round adding Premji Invest to cap table

This investment comes weeks after a $75 million funding led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures

NCLAT stays Competition Commission's Rs 200 cr penalty on Maruti Suzuki

The amount has to be deposited with the Registrar of the National Company Law Appellate Tribunal (NCLAT)

Promoters looking to up stake in Vedanta Ltd by upto 4.57%

The promoter group companies have a purchase offer size of up to 4.57 percent of total shares outstanding as of Sep-30, 2021

HCG acquires majority stake in Suchirayu

Suchirayu owns a multi-speciality hospital in Hubli with an operational capacity of 110 beds

Airtel adds 2.74 lakh users in Sept; Jio, VIL lose subscribers: Trai

The subscriber base of Airtel stood at 35.44 crore in September as against 35.41 crore users in August

India-made Covid-19 vaccine Covaxin now on UK's approved travel list

Earlier this month, the Bharat Biotech manufactured Covaxin had received its WHO EUL status

Amazon asked Future to withdraw FEMA violation complaint before CCI

The spokesperson said its objections are based on breach of contract and specific performance of the contract

Salesken raises $22 million in funding from Microsoft, Sequoia

Existing investor Sequoia India also participated in the Series B round