Page 2444 - Company News

Carlyle preferred bidder for Baring PE's Hexaware in $3 bn deal: Report

Hexaware provides automation, cloud and customer services-related technology to a wide range of industries including finance, education, hospitality and manufacturing.

Budget carrier Go Airlines gets Sebi's go-ahead for Rs 3,600 crore IPO

Budget carrier Go Airlines, which has rebranded itself as 'Go First', has received market regulator Sebi's go-ahead for an initial public offer worth Rs 3,600 crore.

For every Rs 100 earned, Rs 35 goes to govt: Sunil Mittal on telecom woes

Airtel's Rs 21,000 crore fund-raising plans will give the firm the fuel to shift to a higher gear and tap large opportunities, its Chairman Sunil Mittal said on Monday.

SSWL inks pact with Tata Steel Long Products to supply round bars

Auto components maker Steel Strips Wheels Limited has signed a pact with Tata Steel Long Products to supply round bars of various grades

Airtel's fundraise to provide ammo for 5G, fortify position: Analysts

Bharti Airtel's fund raising is expected to strengthen its competitive positioning in the market and provide the telco with the necessary ammunition for aggressive 5G rollout, analysts said.

Indian auto parts makers' shares gain on report of talks with Tesla

Shares of Indian auto parts suppliers rose as much as 14% following a report that Tesla was in talks with at least three companies to source critical parts for its planned entry into the country

Shopee dips toe in India e-commerce market with seller recruitment campaign

"Shopee is coming to India!" announces a video posted earlier in August that promises free shipping and no commission fees for sellers and buyers.

NTPC gears up to meet rising power demand; generation up 23%

State-run power giant NTPC on Monday said that it has geared up to meet rising power demand and recorded electricity generation growth of 23 per cent over the previous year.

Govt extends tenure of Bank of India executive director Rajagopal by 2 yrs

State-run Bank of India on Monday said the government has extended the term of its executive director P R Rajagopal by two years.

India power-sector financier REC plans first loan using Libor heir

The financier's choice of a SOFR-linked loan is part of a global push by policy makers to develop new benchmarks to replace Libor by the end of 2021

Maruti Suzuki to hike prices across models from Sept as input costs rise

The country's largest carmaker Maruti Suzuki India on Monday said it will hike prices across models from next month amid rising input costs.

'Into the limelight': Koo, India's answer to Twitter, goes past 10 mn users

The app, which lets users send tweet-like posts in English and seven Indian languages, has seen about 85% of users join since February, when Twitter's disputes with the Modi administration escalated

Bharti Airtel board approves Rs 21,000 crore rights issue

The company moved Supreme Court (SC) last week, with a review petition on the AGR issue

Govt looks to sell shares of Reliance Industries held through SUUTI

The plan is to sell about 8 lakh shares of RIL that will help the government garner around Rs 180 crore

Chip shortage may spoil the party for carmakers this festive season

Once the festive season is in full cry, the wait may be extended to six to nine months, and even spill over to the next calendar year, say auto dealers

KEC International to double civil business revenue to Rs 2,000 cr in FY22

With strong revenue visibility in the civil segment, the company has also been investing Rs 70-80 crore since last year as capex.

Lupin, Glenmark shift focus to inhalation and nasal Covid-19 drugs

Lupin working on remdesivir powder inhaler; Glenmark to do trials on Nitric Oxide Nasal Spray

How IT firms are solving skills divide as they go back to campuses

Though the salary level of the students being hired has remained Rs 3-3.5 lakh for years, companies are ready to shell out more for those who excel in coding and programme languages

Air India asks US court to dismiss Cairn petition, says it is premature

Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce USD 1.2 billion arbitral awards against the Indian government

India's insurance companies feel the digital pinch amid Covid-19 pandemic

Globally, the insurance industry is moving to a model where insurance policies and premiums are tailored to customer profiles aided by vast technological leaps