Page 2572 - Company News

Qualcomm, MediaTek gain big in smartphone application chip market

Qualcomm led the smartphone application processor (AP) market with a 40 per cent revenue share in the first quarter this year, followed by MediaTek with 26 per cent and Apple with 20 per cent

Young workers want to return to offices to save their careers in pandemic

This workforce says the coronavirus has left them under-informed and cut off from their teams.

Toshiba blames former CEO's 'confrontational approach' to shareholders

The comment from Osamu Nagayama, chairman of Toshiba's board, comes after a shareholder-commissioned investigation revealed company colluded with Japanese government to "beat up" foreign shareholders

Edelweiss MF turns against riskier debt after India's Covid-19 woes

Company has 'reverted back to asking investors to be cautious' after second wave, says senior executive.

Baba Ramdev's Ruchi Soya files FPO document to raise up to Rs 4,300 cr

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore.

Electrifying game: Private power producers turn up investment cycle

Tata Power, for instance, has reduced its consolidated net debt by Rs 11,400 crore in the last three years to Rs 36,559 crore as on March 31, 2021

Reliance Power to raise Rs 1,325 cr from RInfra via preferential allotment

Reliance Infra stake to go up to 38% from 9%; more fund raising planned

Covid-19 drugs portfolio boost domestic sales of companies in FY21

Chronic therapy areas like cardiac and anti-diabetic have maintained their growth rates during FY21 despite a washout in the first quarter

Colgate-Palmolive shifts focus as Dabur, Patanjali ride herbal wave

While Colgate has the Vedshakti brand in the naturals segment, experts say the product has not helped stem market share loss for the oral care major

No plans to make vaccine as it requires separate infra: Sun Pharma

Sun Pharma has no immediate plans to enter into vaccine production as getting into the vertical would require an altogether different manufacturing set-up, as per a top company official.

CoCreate Ventures, PES Varsity roll out fund to back startups at campuses

The fund, called PESU Venture Labs, provides up to $150,000 in funding and other services to help firms build products and test out unit economics

Lupin gets warning letter from US health regulator for Somerset facility

The company does not believe that the warning letter will have an impact on disruption of supplies or the existing revenues from operations of this facility, it said

CG Power lines up Rs 135 cr capital expenditure in current financial year

CG Power and Industrial Solutions, acquired by Tube Investments last year, has chalked out capital expenditure plans of Rs 135 crore during the current financial year, the company said.

Exim Bank sees India's Q1 merchandise exports at $87.2bn

Export-Import Bank of India (Exim Bank) has projected India's total merchandise exports for the first quarter of FY22 to reach $87.2 billion.

IDFC offers compensation 4x CTC to corona affected employees' families: MD

IDFC FIRST Bank is offering compensation equivalent to four times of the CTC, continuation of salary for two years to the families of the employees who lost their lives due to the covid says MD.

TN notifies Renault Nissan industrial dispute arbitration

The Renault Nissan Automotive India Private Ltd and its workers union have created a history by going in for an arbitration to settle wage revision and other aspects, said a union official.

NTPC invites EoI for Hydrogen Fuel Cell based pilot projects

State-run NTPC has floated a global Expression of Interest (EoI) to set up two projects, standalone fuel-cell based backup power system, standalone fuel-cell based microgrid system at NTPC premises.

Axis Bank stake in Max Life likely to rise to 20 pc in 12-18 months

In line with the proposed deal, Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 12-18 months, said the insurance company's CEO Prashant Tripathy said.

Amazon India to impart core skills to make students industry-ready

Amazon India announced the launch of an integrated learning programme for students to learn applied Machine Learning (ML) skills, making them industry ready for careers in the new technology.

Coal India may announce 20-25% additional dividend on June 14: Report

Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting that will declare fourth-quarter financial results, sources said.