Page 2338 - Company News
DLF to launch projects in medium term with sales of about Rs 40,000 crore
Bullish on demand DLF Ltd has identified a robust pipeline of new projects and will launch 35 million square feet area in medium term with a sales potential of around Rs 40,000 crore
 "DLF to launch projects in medium term with sales of about Rs 40,000 crore")
Beauty platform Purplle plans to go for IPO in about 4 years from now
E-commerce firm Purplle, which deals in beauty and personal care products, is planning to go for an IPO in 3-4 years after scaling up business with a target growth of around 80 per cent year-on-year.
 "Beauty platform Purplle plans to go for IPO in about 4 years from now")
Zydus Cadila testing a multi-variant Covid-19 vaccine on animals
Mixing multiple strains to get what is called a multi-variant vaccine may be a way to get better immunity, scientists feel
 "Zydus Cadila testing a multi-variant Covid-19 vaccine on animals")
Margin pressures may ease in Q3 as Marico puts up steady show in Sept qtr
Valuations, however, cap upsides in the near term
 "Margin pressures may ease in Q3 as Marico puts up steady show in Sept qtr")
Jio's new smartphone no disruptor, but will drive ARPU growth: Analysts
Point to shift in Jio strategy with greater focus on value instead of volume
 "Jio's new smartphone no disruptor, but will drive ARPU growth: Analysts")
Market cap of nine most valued firms falls by over Rs 2.48 trillion
ICICI Bank is the only firm among market leaders to improve valuation last week; Reliance continues as India's most valued company.
 "Market cap of nine most valued firms falls by over Rs 2.48 trillion")
BharatPe plans $5 bn loan book to help small businesses with credit: CEO
Company expects growth from Unity Small Finance Bank, its joint venture with Centrum Group, says Suhail Sameer
 "BharatPe plans $5 bn loan book to help small businesses with credit: CEO")
Snapdeal appoints Ullas Kamath, Anisha Motwani as directors on board
According to sources, Snapdeal hopes to gain from the new board members' experience in serving the value-conscious consumer in 'Bharat' or tier-2,3,4 markets ahead of its proposed IPO.
 "Snapdeal appoints Ullas Kamath, Anisha Motwani as directors on board")
Amazon empowers thousands of sellers during its month-long festive event
Close to 30,000 sellers became Lakhpatis; 70% of the sellers that made a sale were from non-metros; Over 330 Local shop owners became Lakhpatis
 "Amazon empowers thousands of sellers during its month-long festive event")
IDFC First Bank's Sept quarter net up 50% on improved interest margins
It had posted a net profit of Rs 101 crore in the second quarter of the last financial year (Q2FY21)
 "IDFC First Bank's Sept quarter net up 50% on improved interest margins")
Aurum PropTech pick up 49% stake in Integrow Asset Management for Rs 25 cr
Aurum PropTech (formerly known as Majesco Ltd) on Sunday said it will pick up 49 per cent stake in Integrow Asset Management for Rs 25 crore.
 "Aurum PropTech pick up 49% stake in Integrow Asset Management for Rs 25 cr")
Union Steel Minister announces bonus, wage revision for MOIL employees
Union Minister of Steel Ram Chandra Prasad Singh on Sunday announced a bonus of Rs 28,000 as well as wage revision for the employees of the state-owned Manganese Ore India Limited (MOIL).
 "Union Steel Minister announces bonus, wage revision for MOIL employees")
Sirona eyes Rs 100-cr revenue in FY23, to expand its product range
Sirona Hygiene aims to log a revenue of Rs 100 crore in FY23 as it expands its product range and ramps up presence in offline retail channels in the country.
 "Sirona eyes Rs 100-cr revenue in FY23, to expand its product range")
NTPC places order for 9.3 lakh tonne biomass pellets for co-firing
State-owned power giant NTPC has placed an order of 9,30,000 tonnes of biomass pellets for co-firing in power plants that will help improve air quality, said the power ministry.
 "NTPC places order for 9.3 lakh tonne biomass pellets for co-firing")
Ujjivan Financial Services board okays amalgamation with Ujjivan SFB
Ujjivan is the holding company and promoter of Ujjivan Small Finance Bank (SFB).
 "Ujjivan Financial Services board okays amalgamation with Ujjivan SFB")
Sebi warns Vedanta over related-party transactions worth Rs 1,407 cr
Capital market regulator SEBI has warned billionaire Anil Agarwal's Vedanta Ltd for executing Rs 1,407 crore of related-party transactions without prior approval of the audit committee
 "Sebi warns Vedanta over related-party transactions worth Rs 1,407 cr")
IOC commences doorstep diesel delivery in small quantities
The company said that the service is meant for customers seeking diesel in quantities as low as 20 litres
 "IOC commences doorstep diesel delivery in small quantities")
JioPhone Next priced at Rs 6,499 to hit stores this Diwali: Details here
The phone will be available for purchase on Jio Mart's digital network of 30,000 partners across the country
FDA paves way for Pfizer Covid-19 vaccinations in young kids
A few countries have begun using other COVID-19 vaccines in children under 12, including China, which just began vaccinations for 3-year-olds
 "FDA paves way for Pfizer Covid-19 vaccinations in young kids")
SBI Cards' shares shed 6.3% following a mixed bag in Q2
Analysts, however, remain positive with target prices indicating 13-25% upside on expectations of strong growth in FY22 earnings
 "SBI Cards' shares shed 6.3% following a mixed bag in Q2")