Page 2378 - Company News

NCLT admits RBI application for initiating CIRP against Srei Infra

Rajneesh Sharma has been appointed administrator, but the order was not uploaded till the time of going to press

IEX stock delivers high voltage returns as power trading surges

But with a trailing PE of 90 the stock is now a momentum trade

TCS Q2 results: Consolidated PAT rises 14% to Rs 9,624 cr, revenue up 17%

The company added 19,690 employees during the quarter under review taking its total headcount of 528,748

Air India has broken 19-year privatisation jinx

The Union government had been trying to privatise public sector enterprises (PSEs) for four years through what it safely labels 'strategic sale'.

Air India to boost Tatas' aviation ambitions

The acquisition will give the Tatas a firm footing on international routes and generate economies of scale

Full circle: AI returns to Tatas who have to revive a much-diminished brand

The Tatas have their work cut out in restoring customer trust and much, much more

Tata Group patriarch Ratan Tata welcomes Air India back into the fold

Says JRD would have been overjoyed by the development, says airline was recognised as one of the world's most prestigious under the late group head

Tata Sons wins bid: Air India may see turnaround as debt eases by 75%

Air India reported an operating profit of Rs 1,787 crore in FY20 on a consolidated basis but reported a net loss of Rs 7427 crore due to interest and depreciation costs

Tesla car to be affordable in India, will cost Rs 35 lakh, says Gadkari

No formal announcement yet but the automobile company is anticipated to bring in its competitive Tesla Model 3

Air India is nostalgic airline for most TCSers: CEO Rajesh Gopinath

Air India is a "nostalgic airline" for most TCS employees and the IT services major will offer its complete support in whatever form it can, to contribute to the revival of the airline, TCS CEO said

Ola Electric is raising another $200 mn at over $5 bn valuation: Sources

On September 30, Ola had announced raising over $200 mn in funding from Falcon Edge, SoftBank and others, valuing it at $3 bn

Myntra poised to become India's largest beauty and personal care player

The segment is a major driver of new customer acquisition for the Walmart-owned firm, as vaccination penetration rises and more people venture outdoors

Gland Pharma gets tentative nod from USFDA for generic Sugammadex injection

Drug firm Gland Pharma on Friday said it has received a tentative nod from the US health regulator for generic Sugammadex injection

Top headlines: Air India returns to Tatas; CEA Subramanian to step down

Business Standard brings you the top headlines on Friday

ED attaches assets of Rs 1.74-crore in PMLA case against BPSL

The Enforcement Directorate on Friday said it has attached properties worth Rs 1.74 crore in connection with its money laundering probe linked to an alleged bank fraud in BPSL

Tatas will have to retain all AI employees for 1 year, can offer VRS in 2nd

Air India has 12,085 employees - 8,084 permanent and 4,001 contractual

New dawn for Air India: Scindia on airline's sale to Tata Group

The Tata Group's bid of Rs 18,000 crore comprises taking over of Rs 15,300 crore of debt and paying the rest in cash

Power giant NTPC pays Rs 3,054-cr final dividend for 2020-21

This is the 28th consecutive year that NTPC has paid a dividend.

Dr Agarwals Eye Hospitals lines up Rs 1,000 cr investment, IPO in 24 months

Is expanding its footprint across the country, adding 100 eye hospitals and 500 outreach centres in three years

Skills, democracy main drivers of growth, says Rakesh Jhunjhunwala

Skills and democracy are the main drivers of sustainable growth, ace investor Rakesh Jhunjhunwala said on Friday, adding that he is bullish on the Indian market