Page 2546 - Company News

Neuberg Diagnostics to expand in Africa, ME & India, invest Rs 150cr

Diagnostics major Neuberg Diagnostics plans to expand its international as well as domestic presence with an investment of Rs 150 crore, said a top company official

Explained: How foreign portfolio investors view the 'India story'

The IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors than financial and energy companies

Decoded: At loggerheads with govt over IT rules, Twitter's options and fate

Non-compliance may lead to the loss of protection under the safe harbour provisions accorded by Section 79 of the Information Technology Act

HDFC Bank board declares dividend of Rs 6.50 per share for FY21

HDFC Bank on Friday said its board has declared a dividend of Rs 6.50 per share for the year ended March 2021.

Three-row SUVs to gain further traction as auto firms line up launches

Auto firms line up launches as segment gains traction

Vodafone Idea plans to raise Rs 7,000 crore via QIP; stock rises 10%

Vodafone Idea is looking for new investors after both its promoters have refused to infuse additional funds into the company

Paytm to raise Rs 12,000 cr via fresh equity, remove Sharma's promoter tag

The company's much-awaited IPO is expected to come by November this year

SBI Cards' shares fall by 6.7% as PE giant Carlyle sells 5.1% stake

Carlyle sold 48 million shares at Rs 1,002 apiece to raise Rs 4,810 crore.

India Pesticides' Rs 800 cr IPO to open June 23; price band Rs 290-296

Fresh issue of Rs 100 crore, offer for sale of Rs 700 crore; anchor investors to be allotted shares on Tuesday

Dodla Dairy IPO gets subscribed 45x on Day 3, KIMS 3.8x

Dodla Dairy had priced its IPO between Rs 421-428 per share, while KIMS had priced its between Rs 815 to Rs. 825 per equity share. Both IPOs close on Friday.

REITs reduce borrowing costs by about 200 basis points or more in FY21

Top property developers such as Godrej Properties and the rental arm of DLF reduced their borrowing costs in FY21 by 110 bps and 145 bps, respectively

Metal stocks could correct soon but remain a medium-term buying opportunity

All the base metal stocks could see deeper corrections, but a strong global economy may make this a medium-term buying opportunity

Most big mall developers may waive rent for recent Covid-19 lockdown

DLF, the country's largest listed developer, has also taken a similar stand.

Wipro announces salary hike for 80% of eligible staff, second in CY21

The salary hike will be effective from September 1, 2021.

Mohalla Tech announces first ESOP buy-back programme worth $19.1 mn

Nearly 200 existing and former employees with vested options are eligible to participate in this process, the firm said

Growth in food business may drive gains for Tata Consumer Products

Margin gains, however, will depend on raw material inflation, pricing action

Saurabh Kumar steps down as Grofers co-founder, stays on company board

Cites personal ambitions for decision, says he wants to wander again

RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra

In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year

Paytm First Games secures $30-mn loan from One97 Communications, others

The loan will be given in two tranches, payable within five years, and will also have the option to be converted into equity shares

Flipkart, Amazon appeals in antitrust probe to be heard by HC on Monday

The e-commerce majors had filed separate appeals before the division Bench of the High Court, challenging a single-judge Bench order allowing the CCI to restart its probe against them.