Page 2447 - Company News

Johnson & Johnson seeks nod for Covid vaccine trial on adolescents

To achieve herd immunity, studies have to be done on children, pharma major says

S&P places issuer ratings on Tata Group firms on CreditWatch positive

'Although the group companies still operate independently under professional directors and management, we observe a greater influence of Tata Sons on the strategy and financial policies of the group'

GMR group unveils plans to modernise Nagpur Airport after HC ruling

Infrastructure major GMR group on Friday unveiled its plans to modernise and develop Nagpur Airport following a ruling by the Nagpur Bench of Bombay High Court.

Gas distribution sector stocks could fire up amid likely volume recovery

Some analysts are targeting price gains of 20-25 per cent across the sector in the next 12 months

BARC appoints Nakul Chopra as CEO

Broadcast Audience Research Council on Friday announced the appointment of Nakul Chopra as its chief executive.

Aurobindo Pharma's Rs 450-cr deal to acquire 51% in Cronus Pharma cancelled

Aurobindo Pharma Ltd on Friday said its Rs 450-crore deal to acquire 51 per cent stake in Cronus Pharma Specialities India Pvt Ltd (Cronus) has been cancelled

AAVAS Financiers' promoters sell shares worth over Rs 751 crore

Two promoters of AAVAS Financiers Ltd on Friday offloaded shares worth over Rs 751 crore, through open market transactions

Eicher's shareholders rejected MD's re-appointment over salary hike: Report

Siddhartha Lal's reappointment as MD was voted down over a 10% hike in his salary proposed amid the pandemic when the revenues and profits have been slow, say media reports

Vacancy levels at 3 REITs set to rise another 300 bps

Work from home, second wave have deferred leasing decisions by occupiers

Wipro, HCL feature among 12 Indian firms in Hurun Global 500 list

Wipro, HCL Technologies and Asian Paints were the new Indian entrants among the top 500 companies in the world, as per the latest Hurun Global 500 list

CarTrade Tech makes tepid market debut; tumbles nearly 8% at close of trade

Shares of CarTrade Tech had a muted market debut on Friday, closing with a discount of nearly 8 per cent against its issue price of Rs 1,618.

Bidding war for British supermarket chain Morrisons heats up

Shares in British supermarket chain Morrisons spiked higher Friday after New York-based private equity firm Clayton, Dubilier & Rice trumped a previous offer for the company with a $9.5 billion bid

Despite India's poor track record, Tata takes a gamble on semiconductors

Globally, every country, including India, is looking at reducing its dependence on imports for chips and moving towards self-sufficiency

Coal India's capex growth zooms twofold to Rs 1,840 crore in Q1

State-owned CIL on Friday said its capital expenditure jumped more than twofold to Rs 1,840 crore in the first quarter of 2021-22 compared to Rs 844 crore in the year-ago quarter.

Tech giant Microsoft Corporation invests $5 million in OYO

Tech giant Microsoft Corporation has invested nearly USD 5 million (about Rs 37 crore) in OYO through the issuance of equity shares and compulsory convertible cumulative preference shares

Smartworks leases office space in Pune; invests Rs 150 cr on new centre

Smartworks has leased a 5.6 lakh sq ft area in Pune, and invested around Rs 150 crore to set up a new centre as part of its strategy to expand the business amid rising demand

Apple delays return to office until Jan 2022 amid Covid surge

Apple has delayed return to office until at least January 2022, as the US witnesses a surge in cases of the delta variant of Covid-19.

GMR spending Rs 20k Cr on airports' expansion, developing new ones

GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, Chairman of the infra major has said.

Reliance backs govt on proposed e-commerce rules as Tatas oppose

Stand on marketplace draft at variance with Tatas

Chairman of Karvy Stock Broking arrested for defaulting on bank loan

C Parthasarathy was arrested for defaulting on a loan taken from the IndusIndbank in 2019 and diverting the fund to other bank accounts