Page 2517 - Company News

Second Covid wave a setback for fiscal 2022 business plans: Titan

The company, however, said it is moving ahead with "calmness and composure" and is confident of overcoming all the challenges.

Hyundai Motor to invest in Solid Energy Systems, a next-gen battery company

Solid Energy and General Motors are planning to construct a lithium metal battery test production plant near Boston by 2023, and will commercialise it in 2025.

HealthifyMe acqui-hires Under45, launches vaccination slot bookings

Health-tech startup HealthifyMe on Tuesday said it has acqui-hired the team of Under45 that gained popularity for helping people find slots for Covid vaccination.

Fitch affirms Glenmark Pharmaceuticals at BB with a stable outlook

Fitch Ratings has affirmed Glenmark Pharmaceuticals Ltd's long-term issuer default rating at BB with a stable outlook

LG Electronics to expand cloud-based call centres amid Covid-19 pandemic

LG Electronics said on Tuesday it will expand cloud-based call centres to offer better customer care services and protect its workers from the novel coronavirus outbreak.

Coforge board approves proposal to raise Rs 375 cr via various instruments

IT firm Coforge Ltd, erstwhile NIIT Technologies, on Tuesday said its board has approved plans to raise up to Rs 375 crore through various instruments

Godawari Power and Ispat turns debt free, pays all long-term loans

Godawari Power and Ispat Ltd (GPIL) on Tuesday said it has become debt-free by repaying all its long-term loans

Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'

Glass Lewis has recommended shareholders vote against reelection of a member of Adani Enterprises' risk committee after a court criticised "unconscionable conduct" in its Australian port business

Tech Mahindra partners StaTwig for Covid-19 vaccine supply chain

Tech Mahindra on Monday said it has partnered with StaTwig, a Singapore and Hyderabad-based digital supply chain solution provider, to implement vaccine traceability platform 'VaccineLedger' globally.

PhonePe partners Flipkart to digitise cash-on-delivery payments

Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major's orders.

Raymond's lifestyle business CEO Joe Kuruvilla steps down

Textile and apparels firm Raymond on Monday said CEO of its lifestyle business Joe Kuruvilla has decided to step down.

Shares of SoftBank, biggest investor in Didi, sink after China blocks app

SoftBank fell 5.4% in Tokyo, the most among stocks on Japan's Nikkei 225 Stock Average and the biggest decline since it reported earnings in May.

Govt to sell up to 7.5% in NMDC via OFS on Tuesday, may get Rs 3,621 cr

Will sell its 4% stake, or 117.2 million shares, at a floor price of Rs 165 each, a near 6% discount to Monday's closing price

Top restaurant body moves CCI for redress on issues with Zomato, Swiggy

Main issues include bundling of services, data masking and exorbitant commissions, deep discounting, including forcing the restaurant partners to give discounts to maintain listing

KKR drives into transportation, acquires GIP's highway portfolio

GIP is an infrastructure investment fund making equity and selected debt investments

Bharat Biotech-Brazil row: Covaxin nod under controlled conditions

The agency said the suspension - which put the EUA application on ice - was due to missing data from the vaccine's clinical trials

Paytm to file draft prospectus next week for $2.3-bn IPO: Report

Paytm has plans to raise up to Rs 12,000 crore by issuing fresh equity for which it will seek shareholders' nod in an EGM on July 12

Steel companies reduce prices by Rs 1,200-2,000 a tonne across products

Companies say, correction may be temporary

UTI Officers' Association moves top court in 26% stake sale case

Bombay HC recently dismissed the case citing delay in filing

Multiple growth triggers in place for shares of packaging firms

Any sharp rise in raw material prices or softening of FMCG demand could hurt prospects