Page 2450 - Company News

Despite regulatory, discom challenges, Sterlite Power bets on demand growth

IPO-bound Sterlite looks at growth in power transmission infra and power equipment industry

Coal India unions seek 50% rise in workers' salaries in early talks

A 50% wage boost would be a dramatic increase for company, which revises salaries of non-executive staff every five years.

Amazon enters India wealth management with bet on startup Smallcase

Smallcase improves digital access to capital markets by offering weighted portfolios of stocks and exchange traded funds.

$86 bn of takeovers, but big oil's merger mania has an eye on its demise

Deal activity doesn't suggest an industry gearing up for a rally in demand.

From L&T Infotech to Tata Elxsi, mid-cap IT stocks lagging large-cap peers

Their m-cap is up 5% this month, against 11% rise in large-cap IT stocks

India asks US court to reject Cairn Energy's $1.2 billion suit

The Indian government has asked a federal court in Washington to dismiss Britain's Cairn Energy suit seeking enforcement of a $1.2 billion arbitral award, saying it had sovereign immunity under US law

Adani Group stocks decline 16-52% from their 52-week highs

Among the Adani group companies, Adani Power has witnessed the sharpest decline - a 52 per cent fall from its 52-week high hit on June 9, 2021

Amid commodity boom, equity funds increase allocation for metals in July

Top ten metal stocks bought by the equity funds in July included Tata Steel and Hindalco Industries

8 law firms in race to advise on sale of govt's 45.48% stake in IDBI Bank

LIC, which owns 49.24 per cent, will also offload its stake to transfer management control to the new buyer

HAL inks Rs 5,375-cr contract for supply of engines for Tejas aircraft

Since it first flew in January 2001, the Tejas LCA has been powered by a single General Electric (GE) F404-IN20 engine.

Naveen Jindal group, two others submit final bids for Reliance Naval

CoC to take a call on Wednesday

Will implement single judge order against Reliance deal: HC to Future Group

The Delhi High Court Tuesday said it will implement the single-judge order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell its business

SpiceJet kicks off cargo business sale; valuation at Rs 2,500 crore

It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money

Embassy Group, Kalpataru tap global funds for over Rs 2,000 crore

Embassy raises Rs 1,200 crore from Bain Capital; Kalpataru Rs 850 crore from PAG

ReNew Power to list on Nasdaq this month, RMG investors approve merger

ReNew is looking to be fully funded for its equity requirements till fiscal year 2025 through this listing

Cognizant acquires a digital engg firm, its sixth acquisition in 2021

The company continues expanding in key strategic focus areas for digital -- digital engineering, data and artificial intelligence, cloud and the Internet of Things

USFDA's drug approvals for Indian firms halved in H1CY21: Report

ANDAs granted have halved in H12021, compared to pre-pandemic levels

Flipkart adds new facilities in Maharashtra, to create 4,000 jobs

Spread across nearly 7 lakh square feet, new facilities will create over 4,000 direct and indirect job opportunities and also support pan-India market access for thousands of local sellers and MSMEs

India, Mexico markets push Walmart international business grow 13% in Q2

US retail giant Walmart saw its operations in markets like India, China and Mexico push its international business growth by 13 per cent in the second quarter ended July 31

JSW Infra plans Rs 10k-cr capex by 2025, including investment in logistics

Capex will also include investment in logistics to better hinterland connectivity