Page 2482 - Company News

Adani Power takes one of three mines on Day-1 of commercial coal auction

Firm quoted 9.5% premium on reserve price of Gondkhari coal mine in Maharashtra

HDFC Q1 net flat at Rs 3,001 crore; individual home loans grow 22%

Company says said the profit numbers for Q1Fy22 are comparable with that of the previous year for reasons including higher effective tax rate.

Vedanta Aluminium purchases 354 million units of renewable energy from IEX

Bulk of procurement is from Green Term-Ahead Market, which was introduced last year by IEX and supports buyers in procuring green energy in a competitive and flexible manner

BSES ties up 3.3 Gw green power for supply in Delhi as it exits older PPAs

When the deal is concluded, the company would become the discom with the highest green energy tie-ups, claimed company executives

Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers

Zomato to launch unlimited free deliveries for select customers: CEO Goyal

Zomato Pro, which was earlier called Zomato Gold, was opposed by many restaurants in 2019

Sewing machine biz growing strong during pandemic, says Usha International

Sewing machine major Usha International on Monday said that the demand for household machines has gone up in the past one year amid Covid-19 disruptions.

Tata Sons' arm Panatone Finvest acquires 8% stake in Tejas Networks

The shares were bought at an average price of Rs 258, aggregating the transaction size to Rs 193.5 crore

Diageo India announces equal parental leave for all employees

Diageo India on Monday said it is providing its employees a 26-week parental leave, comprising all benefits and bonuses, irrespective of gender or sexual orientation under its family leave policy.

Sebi revises minimum application value, trading lot for REITs, InvITs

Markets regulator Sebi has reduced the minimum application value of REITs and InvITs, and revised trading lot to one unit for these investment instruments to make them attractive for retail investors

Former Adani exec Deepak Maheshwari is new CEO of Essar Oil UK

Maheshwari was the CFO of Essar Energy during his previous stint with the group

Zomato announces limited edition 'Pro Plus' membership for select customers

Online food delivery platform Zomato on Monday said it is launching a limited edition 'Pro Plus' membership for its select customers.

Rs 70,000 avg investment from 210k demat a/c holders in FY21: Paytm Money

Paytm Money recorded an average investment of over Rs 70,000 per Demat account holder in FY21, with millennials leading the segment, according to an annual report data published in a Paytm blog.

Bharat Biotech's Rotavac 5D receives WHO Prequalification

Bharat Biotech on Monday announced that the World Health Organisation has awarded prequalification to its rotavirus vaccine,Rotavac 5D to prevent rotavirus diarrhea, the company said.

K M Birla offers to hand over his Vodafone Idea stake to government

Aditya Birla group Chairman KM Birla has offered to hand over his stake in debt-laden Vodafone Idea Ltd to govt or any other entity that govt may consider worthy to keep company operational.

Car sales can grow significantly if we avert third wave: Maruti Chairman

The performance in the next three quarters largely depends on how effectively all our citizens follow the government's advice to get vaccinated and observe safety protocols, says R C Bhargava

MS Dhoni invests in HomeLane as equity partner , to endorse brand

Home interiors company HomeLane on Monday said it has entered into a three-year strategic partnership with ace cricketer, Mahendra Singh Dhoni, as an equity partner and brand ambassador.

Varun Beverages Q1 consolidated net profit up by two folds at Rs 319 cr

Varun Beverages Ltd, on Monday reported over two-fold jump in consolidated net profit at Rs 318.80 crore for second quarter ended June 30, 2021, helped by volume growth and cost-optimization measures.

HSBC profit more than doubles, loan-loss fears ebb as economies rebound

Encouraged by an economic rebound in Hong Kong and Britain, HSBC reinstated dividend payments, flagged higher payouts in future, and released $700 mn that was set aside as provisions

Ambuja Cements to invest Rs 310 crore to expand Ropar unit in Punjab

Ambuja Cements, part of Swiss building material major Holcim group on Monday said it will invest Rs 310 crore to expand the production capacity of its plant at Ropar, Punjab, over the next two years.