Page 2406 - Company News

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

Cloud and ERP player Gofrugal to build presence tier-2 cities, rural market

Sees huge talent pool in this market, along with large base of aspirational businessmen who may want its digital support

JSW Steel raises $1 bn through bonds issuance in overseas market

JSW Steel on Thursday said it has raised USD 1 billion through issuance of Sustainability Linked Bonds (SLBs) in the overseas market.

IIAS asks shareholders to vote against directors of Zee Entertainment

Proxy firm raises corporate governance concerns over MD's salary

Byju's buys coding site Tynker for $200 mn to grow in US: Report

Tynker's service, launched in 2013, offers classes and camps on coding, with some curriculum offered for free and premium content sold to schools for an average of $5,000 a year

MakeMyTrip sees 100% return to travel in pharma, realty, other corp sectors

Firm's recent market study says financial services, IT, consumer goods and auto are the laggards, may be the last ones to see a complete recovery in corporate travel