Page 2533 - Company News

Taiwanese giant Wistron exceeds PLI investment obligation in just 8 months

Apple manufacturer invests Rs 1,255 crore in India factory

New projects drop 13% sequentially in June quarter due to Covid: CMIE data

Value of completed projects halved to Rs 50,000 crore; Figures are 70-95% on YoY basis because of national lockdown at the time

Uncertainty on AGR, spectrum payments weighs on Vodafone Idea: Analysts

Without fundraising, the company may not be able to meet its payment obligations over the next 12 months

Franklin Templeton executive says Sebi exceeded authority in banning him

A senior executive of US money manager Franklin Templeton (FT) told an Indian appeals tribunal the country's market watchdog 'overstepped' its powers by banning him from the securities market

Voda Idea seeks 1-year moratorium on Rs 8,200 cr spectrum instalment

Vi has appro­ached the government to seek one-year mor­a­torium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022

Won't hesitate to raise tariffs but can't be done unilaterally: Mittal

The latest tariff hike by the three operators happened in December 2019.

Automakers witness sales recovery in June as pandemic eases across states

The country's largest carmaker Maruti Suzuki India (MSI) posted total sales of 1,47,368 units in June, up from 46,555 units in May.

Puravankara Ltd FY21 sales bookings up 28% at Rs 2,202 crore

This came on the back of strong demand driven by low-interest rates on home loans amid the Covid-19 pandemic.

L&T Construction bags 'significant' orders for various businesses

Larsen and Toubro (L&T) on Thursday announced that its construction arm has secured 'significant' orders for its various businesses.

Anil Agarwal Foundation pledges Rs 5,000 crore for rural India

Anil Agarwal Foundation (AAF) will be the umbrella entity of Vedanta's social initiatives provide all-round development to work towards these goals over the next five years

Arun Jaitley Institute, Microsoft tie up to build AI, emerging tech centre

The two entities will jointly explore use cases of emerging technologies in finance and related areas, across central and state ministries and PSUs

Srei Infrastructure Finance to raise up to Rs 2,500 crore equity capital

Plans to issue one or more instruments through public offer, QIP, private placement, preferential or rights issue

Abbott launches pea-sized life-saving device for babies with hole in heart

The device is particularly useful for tiny babies who may not be able to undergo surgery to repair their hearts

RIL's gigafactory-sized ambition for hydrogen could be a game changer

If Reliance's gigafactories can deliver hydrogen at a scale, it will push decarbonisation into new frontiers.

MakeMyTrip announces mandatory paid offs for employees this year

The company has unveiled the wellness policy by hosting Jumpstart Week with employee engagement activities to reinvigorate the workforce.

Royal London expands ties with TCS for ramping up its pension platform

TCS will leverage its Machine First Delivery Model (MFDM) and Location Independent Agile model to help the firm achieve its digital strategy, gain business agility and drive deeper customer engagement

SKODA AUTO DigiLab and Volkswagen IT Services kick-off i-mobilothon

i-mobilothon offers an inclusive, agile and multi-disciplinary collaborative environment for code developers to leverage skills in building prototypes that drive real business impact at scale

Vodafone Idea's auditors raise doubts over its 'going concern' status

In its notes to the financial results for FY21 and the fourth quarter of last fiscal, the company said that the group has incurred losses of Rs 44,233.1 crore for the year ended March 31

H&M swings back to profit as Covid restrictions ease, stores reopen

Fashion retailer H&M on Thursday reported a bigger than expected second quarter profit

Sebi bars Biocon's official from securities mkt for 3 months, levies fine

Regulator Sebi has restrained an official of Biocon Ltd from accessing the securities market for three months and also levied monetary penalty for contravening insider trading norms.