Page 2488 - Company News

ED arrests Ambience group promoter Raj Gehlot in money-laundering case

The ED has arrested Raj Singh Gehlot, promoter of the Ambience group, in a money-laundering case linked to an alleged bank loan fraud of Rs 800 crore, officials said on Thursday

Gennova to use mRNA tech to develop vaccines for Zika, tuberculosis

mRNA vaccines typically have stringent temperature requirements to remain stable

Year after Baghjan blowout, oil and gas operations in India much safer

The safety measures have been recommended by a three-member committee of the ministry of petroleum and natural gas

USFDA okays Biocon insulin Semglee as first interchangeable biosimilar drug

Analysts expect additional revenues of 8 to 15 per cent for Biocon, with no competition in sight

Cognizant revises guidance upward to 10%: But can it manage growth?

The company has spent $2 billion since 2019 to bolster its cloud and digital play through acquisitions

Tata Sons subsidiary to buy 43.3% stake in Tejas Networks for Rs 1,850 cr

Tejas Networks said Panatone and some other companies of the Tata Group would make a public announcement to acquire up to 40.3 million equity shares of Tejas Networks

June-quarter miss, valuations may restrict upside in Nestle India

Brokerages have cut their profit estimates by 3-5 per cent

Tatva Chintan zooms 113% to Rs 2,310 in highest listing gain this year

Issue price was Rs 903 per share, IPO had garnered 180x subscription

Tata Steel rides metal rally to become second biggest firm in group

It accounts for 9.2% of group m-cap, highest in a decade

Back to old normal: Robust demand propels metals to pre-Covid levels

In the third instalment of a four-part series on how some of the defining numbers in key sectors are springing back to the pre-pandemic level, Ishita Ayan Dutt looks at India's metals industry

Tata Teleservices, Zoom partner for unified communication solutions

Telecom operator Tata Teleservices and web-based video conferencing company Zoom on Thursday announced a partnership for unified communications solution for enterprises and individuals.

Mid-cap IT companies' June quarter performance all about niche play

Unlike the top four or five IT players, when it comes to the mid-cap IT services players, every company has a different strategy and focus segments

ArcelorMittal Nippon Steel India EBITDA jumps 450% to $607 million

The company said Q2CY21 crude steel production remained stable at 1.8 million tonnes despite Covid-19 headwinds

SoftBank-backed Unacademy announces teacher stock options worth $40 mn

Unacademy competes with players such as Byju's, Vedantu, Simplilearn, UpGrad, Amazon Academy, and traditional education institutes

Nisus Finance to invest Rs 500 crore for stressed and incomplete projects

Fund manager has already roped in an anchor investor that has committed Rs 100 crore for the stressed assets fund called Real Estate Performance Fund

India Inc raises longer-term dollar bonds from foreign investors

In the current calendar year alone, Indian companies raised $4.6 bn from these markets so far

Reliance Jio adds 3.5 million users in May, Vodafone Idea & Airtel lose big

Both Airtel and Vi lost 4.6 million and 4.3 million subscribers, respectively

Prime Day: Amazon India sees highest participation from small businesses

Customer from 96 per cent pincodes of India place orders during Amazon's Prime Day event

Zensar reveals new logo in first rebranding drive in almost two decades

Rebranding comes on the back of strategic investments in building capabilities that help businesses take disruptive experiences and products to market with velocity

Raymond Q1 net loss at Rs 157 cr; revenue from operations at Rs 826 cr

The company had posted a net loss of Rs 247.60 crore during the April-June quarter of the previous fiscal, Raymond said in a regulatory filing.