Page 2410 - Company News

Axis board gives approval to reclassify Oriental Co as public shareholder

Axis Bank on Wednesday said its board of directors has approved to reclassify The Oriental Insurance Company Ltd (OICL) from promoter category to public category shareholder.

Asia Healthcare-backed single-specialty clinics grew during pandemic

AHH now plans to make similar investments with focus on nephrology, gastroenterology, and ophthalmology among others

PepsiCo commissions largest greenfield plant in India, UP CM unveils it

Food & beverage major PepsiCo on Wednesday said its business in India is transforming and will continue to invest in the country for a long term.

No leadership structural changes are on the anvil: Tata Sons Chairman

Bloomberg on Monday reported that Tata Sons is considering an historic revamp of its leadership structure by creating a CEO role to help improve corporate governance

Telecom sector reforms ensure industry is able to invest fearlessly: Mittal

Telecom operator Bharti Airtel Chairman Sunil Mittal on Wednesday said the telecom sector reforms approved by the Cabinet will ensure that the industry is able to invest fearlessly

Telecom package to provide some relief to stressed sector: COAI

Telecom industry body COAI lauded telecom relief package approved by the Cabinet, which will be implemented prospectively and provide a breather to the sector that is reeling under heavy stress.

Infosys, SAP tie up to provide Business Process Transformation-as-a-Service

Infosys on Wednesday announced a strategic collaboration with SAP, a market leader in enterprise application software, to provide Business Process Transformation-as-a-Service to enterprises.

Glenmark Pharma concludes study on Covid drug Favipiravir in India

Drug firm Glenmark Pharmaceuticals on Wednesday said it has successfully completed its post-marketing surveillance study on Favipiravir in India.

Lupin launches generic Duexis tablets in US to treat rheumatoid arthritis

Drug firm Lupin on Wednesday said it has launched generic Duexis tablets used to treat the symptoms of rheumatoid arthritis and osteoarthritis in the US market.

Delhi HC issues notice to UIDAI on plea against GPay for unauthorised ops

The Delhi High Court on Wednesday issued a notice to the Unique Identification Authority Of India and others on a petition against Google Pay alleging unauthorised operations under the banking laws.

Canon expects 'good growth' in 2021, confident to reach pre-pandemic level

Canon India expects "good growth" in 2021 and to be on par with the level of the pre-pandemic year 2019, helped by an increase in sales and good performance, said a top company official

Esports platform MPL raises fresh funds at $2.3 billion valuation

Esports platform Mobile Premier League (MPL) on Wednesday said it has raised fresh funds in a funding round led by Legatum Capital at a pre-money valuation of USD 2.3 billion.

Final bids for Air India disinvestment today, Tata group also in race

The government is expected to complete the sale of the national carrier with at least two buyers expected to submit financial bids by September 15

Hospitality major OYO increases its ESOP pool by 41%

Hospitality major OYO has expanded its Employee Stock Option Plan (ESOP) pool by 41 per cent with the addition of another 20 crore shares

More Paytm employees convert ESOPs to shares after shareholders' approval

An additional 40 current and former employees of Paytm have converted their ESOP grants to shares for monetising them in its upcoming Rs 16,600 crore IPO, the digital payments firm said

Social commerce player DealShare to expand operations in Delhi-NCR

In the first phase, DealShare will provide services to more than 160 pin codes across Delhi, Ghaziabad, Faridabad, Meerut, Noida, and Gurgaon

Leading sportswear giant Adidas launches first flagship store in India

'The Home of Possibilities' store is a blend of multiple digital touch points, sustainability zone and embodies the future of retail experience for consumers

DealShare to invest $100 mn for scaling operations, hire 5,000 people

DealShare on Wednesday said it plans to invest USD 100 million (about Rs 736.3 crore) to scale its operations and hire about 5,000 people across various functions over the next six months,

Fitch upgrades outlook on Shriram Transport from 'negative' to 'stable'

The rating agency affirmed "BB-" rating for Manappuram Finance's Issuer Default Ratings with "Stable" outlook

Japan's Rakuten forays into India's B2B tech segment, launches new product

This is the first time that Rakuten will be bringing its products and services into the Indian market