Page 2405 - Company News

5G tech, new equity investors to be Vodafone Idea's calling card

Valuation gets a leg-up after bailout package

FADA seeks clarity from Ford on compensation structure for dealers

Automobile dealers' body FADA has sought clarity from Ford about the compensation structure it is working out for its dealer partners after announcing the closure of its two manufacturing plants

Dixon, Hindalco, Daikin and 49 others apply for PLI scheme for white goods

The budgetary outlay of the scheme is Rs 6,238 crore. Any unutilized amount from the scheme allocation will be reviewed later

Airtel hikes prices of plans offering Disney+Hotstar subscription

Bharti Airtel on Thursday hiked prices of mobile prepaid and home broadband plans that come bundled with Disney+Hotstar subscription due to changes in pricing made by entertainment app

Govt likely to hold 30-70% equity in Vodafone Idea after four years

The move has been questioned by many analysts who say that if both options are taken, it will turn VIL into a government company

Snapdeal announces additional maternity benefits, two-week paternity leave

As companies look to welcome staff back to office, Snapdeal update to its maternity leave policy comes keeping in mind the ongoing pandemic and apprehensions new mothers may have

Biocon Biologics to offer 15% stake to Serum Institute Life Sciences

Biocon Biologics, a subsidiary of Biocon, on Thursday said it will offer around 15 per cent stake to Serum Institute Life Sciences at a post-money valuation of about $4.9 billion

Biological E gets approval to manufacture J&J Covid-19 vaccine in India

According to sources, discussions are on between J&J and the Centre on the matter of indemnity against any serious adverse effect after vaccination

Zee board backs former directors, condemns 'baseless' allegations

The board stands by and strongly condemns the allegations made by certain proxy advisory firms against its former directors, Ashok Kurien and Manish Chokhani, said the company

Ola Electric sells scooters worth Rs 600 cr in 24 hrs, 4 units every second

Ola Electric, which had to defer e-scooter sales due to a website glitch last week, opened the purchase of Ola S1 and S1 Pro on Wednesday

Yatra Online evaluates additional listing of Indian arm on Indian bourses

Move could unlock more value for US investors, provide a liquid stock that can be used for M&As in India, provide further capital to strengthen balance sheet

Hindustan Copper OFS sees tepid demand from non-retail investors

Offer received bids for 61.5 mn shares worth Rs 713 cr, most coming at an indicative price of Rs 116.12. A total of 96.7 million (10% stake) shares worth Rs 1,122 cr have been put on the block

Q2 revenue recovery, valuations may sustain rally for HCL Tech

The stock has been underperforming peers after two consecutive quarters of muted revenue growth

Consumer goods companies continue to lose out to other sectors on bourses

Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low

On track to have over 420,000 sellers, MSMEs by Dec 2021: Flipkart

Walmart-owned Flipkart on Thursday said it has onboarded around 75,000 sellers on its platform in the past few months, and is on track to have over 420,000 sellers and MSMEs by the end of this year

India second-largest technology hub for Amazon globally, says country head

Amazon's team in Bengaluru has built a cloud-based Warehouse Management System to help sellers streamline their warehouse operations, and ship orders to customers fast and reliably

Mittal vows to bring telecom industry together; talks to Voda's Nick Read

'I will reach out to Mukesh Ambani and speak to him and ensure that industry truly becomes role model for many other infrastructure industries in the country,' says Bharti chairman

Bharti Airtel secures TDSAT stay on DoT's Rs 1,376 crore demand

Telecom dispute appellate body TDSAT on Thursday stayed the telecom department's demand of Rs 1,376 crore from Bharti Airtel in unpaid past dues that defunct telco Videocon Telecommunications owed.

CIL urging power generating companies not to regulate coal intake

CIL has been writing to power generating companies since October last year urging them not to regulate the intake of coal and build up stock at their end

Will opt for moratorium to redirect cash flow to build network: Mittal

Tariffs need to go up; more needs to be done on GST, licence fee, high levies but that's a separate chapter, says Bharti chairman