Page 2586 - Company News

Voda Idea offers one-time Rs 49 plan for free to 6 cr low-income customers

Vodafone Idea (Vi) on Tuesday announced that it will provide a one-time Rs 49 plan for free to its around 6 crore low-income customers to help them stay connected during this pandemic time.

Customers focus on transformation to drive growth for TCS: CEO

Customers embarking on multi-year technology refresh cycle and their increased focus on growth and transformation (G&T) initiatives are expected to provide strong growth levers for TCS, its CEO said

Govt to sell nearly 2% SUUTI stake in Axis Bank, may get Rs 3,969 cr

Floor price set at Rs 680 a share; govt keeps option open to sell additional 0.74% stake

Covid crisis: Flexible workspace options to soar as firms expand capacity

They are using the interregnum to expand and to negotiate cheaper real estate deals to add seating capacity

Musk loses world's second-richest ranking to LVMH's Arnault as Tesla dips

Tesla Inc chief Elon Musk lost his spot to LVMH Chairman Bernard Arnault as electric vehicle-maker's shares fell 2.2%. Musk now has a fortune of $160.6 billion, down 24% from its January high.

Jaypee Infratech insolvency: Suraksha emerges as the highest bidder

The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs 22,000 crore and failed to construct houses in time for homeowners

Tata Motors narrows Q4 loss on strong operational show by JLR, India biz

The company took a hit of Rs 15,000 crore to re-cast JLR business

New-age beauty brands shine bright amid Covid-19 pandemic gloom

Homegrown beauty and personal care brand St Botanica is two times bigger than what it was pre-Covid

Defaulters seek generous bailouts like Siva-IDBI Bank one-time settlement

That deal, approved by 90% of Siva Industries lenders, was signed as there were no other suitable offers; lawyers say it will set a bad precedent

Biotech cos Tzar Labs and Epigeneres to launch early-detection cancer tests

Firms claim breakthrough with their RNA-marker tech which detects cancer even in stage zero

Westlife Development: Patient investors may consider for growth post FY22

Strong growth in convenience format, margin improvement would support financials

CCI approves sale of YES Bank's MF subsidiaries to GPL Finance

Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the acquisition of Yes Asset Management (India) Ltd and Yes Trustee Limited by GPL Finance and Investments Ltd.

Patanjali Ayurved raises Rs 175 cr through non-convertible debentures

Baba Ramdev-led Patanjali Ayurved on Tuesday said it has raised Rs 175 crore by issuing non-convertible debentures (NCDs).

Vijay Mallya loses bankruptcy petition amendment High Court battle in UK

A consortium of Indian banks led by the State Bank of India (SBI) on Tuesday moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines

Just 2% farmers use mobile app in field; little IoT post-harvest: Nasscom

90% start-ups and tech firms have solutions focused only on pre-harvest, not on post-harvest which has a higher investment potential due to the presence of big companies

Delivery of 420k residential units may be delayed: Anarock report

Seventy-two per cent of the homes to be delivered by year-end have already been sold

Torrent Pharma's Q4 consolidated net profit up 3 pc at Rs 324 crore

Drug firm Torrent Pharma reported a 3.18 per cent rise in its consolidated net profit to Rs 324 crore for the quarter ended March 31, 2021

Flipkart and PhonePe continue to post strong growth in India: Walmart CEO

Strength in India, Canada, China helps Walmart International post $27.3 bn net sales; 8.3% decrease

Second Covid-19 wave may delay 5G auctions: Bharti Airtel CEO Gopal Vittal

The Centre would get Rs 77,815 crore from the two-day auction-one of the shortest in a decade.

Domestic air traffic fell 27% in April as second Covid wave hurts demand

The introduction of mandatory RT-PCR tests and lockdown like curbs introduced by various states including Maharashtra and Delhi dampened the demand