Page 2553 - Company News

Gautam Adani loses $9 bn in three days in worst wealth rout

The 58-year-old tycoon lost more money this week than anyone else in the world, with his personal fortune tumbling by about $9 billion to $67.6 billion

'Brand dissidence': Ronaldo eschewing Coca-Cola has a lesson for companies

In taking on Coke, Ronaldo may have unintentionally set a precedent for other players

Odisha Mining Corp contributes Rs 500 crore to CM's Relief Fund for Covid

The Odisha Mining Corporation contributed an amount of Rs 500 Crore to Odisha Chief Minister's Relief Fund

HDFC Bank to invest big on tech infra revamp after spate of outages

Lender is bringing new talent, getting into cloud-native stacks, shifting from traditional monolithic IT systems, and working with strategic partners for better products and services

Covid-19 impact: Adani group asks AAI for more time on airport takeover

Cites second wave for invoking force majeure

For Kia, the name is the game in India's hyper-competitive auto market

The Korean car-maker's rebranding just two years after entering India points to ambitions beyond cars

Govt proposes one-year retention for Air India staff after privatisation

Draft RFP sets a precedent for all state-owned firms on the block

Flipkart, Amazon challenge Karnataka HC order allowing CCI probe

Both appeals may be heard on Friday

Recovery hopes and further pricing action to support Pidilite stock

Further rise in raw material prices could impact near term margins

Made in India tag: Govt slaps 148 notices on e-commerce firms in 3 months

Govt collects Rs 34 lakh over 3 months for violation of norms

Adani stock rout extends; Rs 1.59 trn market-cap wipe out this week

Adani Power, Adani Total Gas and Adani Transmission hit their 5% lower trading limit for a fourth straight day

ACME joins hand with UNSOPS & IFU for 250 MW solar project

The total value of the project is close to US$ 200 million, of which about a quarter would be financed through equity contributions by the three co-investors, ACME said in a statement.

PE major Carlyle to sell 5.1% stake in SBI Cards on Friday

A total of 48 million shares of the credit card company will be on offer in the range between Rs 1,002 to Rs 1,041.3 per share

Television advertising resilient in May, volumes rise 64% YoY: BARC data

Marginal dip sequentially; for April and May combined, ad volumes surpass 2019 levels, helped by IPL: BARC data

Mercedes Benz sees sales rising 50% in H1 as second Covid-19 wave recedes

According to the CEO, last year the company saw a V-shaped recovery after the first lockdown was lifted

Microsoft names Nadella as chairman, rewards him for refocusing company

Microsoft has undergone a rebirth during Nadella's leadership, recovering from failures in the mobile phone and internet search market.

Behind Twitter's 'non-compliance' with new IT rules: Covid-19 pandemic

Twitter said it had appointed a nodal contact person and a resident grievance officer as required under the rules

Exploring windows to enhance shareholder value: Thyrocare Technologies

Thyrocare's market capitalisation is around Rs 6,916 crore. The deal thus could be for a shareholding in the firm

Jet Airways shareholders reject FY19 and FY20 accounts ahead of NCLT ruling

Institutional investors lead rejection brigade as Naresh Goyal abstains; proposal to appoint Sharp and Tannan as statutory auditors approved

Key obstacle removed with Yes Bank, Axis green signal to RCap's asset sale

The two banks are jointly owed Rs 1,575 cr and had objected to the sale unless their dues are paid. Yes Bank recently moved into Anil Ambani group HQ in Santa Cruz, Mumbai as part of debt settlement