Page 2587 - Company News

Amazon's acquisition of MGM would add to frenzy for streaming assets

The acquisitions are setting 2021 up to be a record for media deals. More than $80 bn in takeovers have been announced so far this year

Covid puts financial stress but expecting recovery soon: Airtel CEO

Bharti Airtel is experiencing financial pressures in the second wave of the COVID-19 pandemic, but expects the recovery to start soon, a top company official said on Tuesday.

More pharma firms should be allowed to make vaccine: Nitin Gadkari

Union Minister Nitin Gadkari on Tuesday suggested that more pharma companies should be allowed to make the COVID-19 vaccine in the country during the pandemic to scale up production.

Apple defies Covid gravity, continues to gain ground in electronics market

Contrary to expectations, the brand has seen a significant sales bump in all its key segments

Infosys, Majesco collaborate to accelerate digital experience for insurers

Infosys and Majesco, a cloud insurance software solutions provider, announced a strategic collaboration to work together to help joint customers accelerate their digital transformation journey.

CESL to procure 300 electric vehicles from Tata Motors

State-owned CESL on Tuesday said it will procure 300 electric vehicles from Tata Motors.

PNB scam: Nirav Modi staffer's bail plea on Covid-19 rejected

A special CBI court in Mumbai rejected the interim bail plea of Arjun Patil, who was arrested in connection with the multi-crore Punjab National Bank (PNB) scam

APSEZ gets CCI nod for 25% more stake purchase in Krishnapatnam port

The Competition Commission of India (CCI) on Tuesday gave nod to proposed acquisition of additional 25 per cent stake of Adani Krishnapatnam Port Ltd by Adani Ports and Special Economic Zone Ltd.

Dukaan partners with Dunzo, Shiprocket to integrate delivery for retailers

Company is in talks with around a dozen more such startups as pandemic-led surges in demand for home deliveries indicate a long-term trend

Data centre sector requires $3.7 bn to develop 6 mn sq ft space: JLL

An investment of $3.7 billion (about Rs 27,000 crore) will be required over the next three years to develop six million sq ft space for the data centre sector, according to a report by JLL India

Surge in vaccination to fortify revenues growth of glass makers: Crisil

Sharp increase in Covid-19 vaccination led pharma demand as well as expected healthy growth in end-user sectors is expected to drive revenue growth of glass makers, says ratings agency Crisil

COAI urges govt to remove fake messages on social media linking Covid to 5G

Telecom industry body COAI has approached the information technology ministry for the removal of fake and misleading messages from social media platforms

Macrotech Developers aims record Rs 9,000 cr sales booking in FY22

We believe that the first two months will have an impact of the second wave of Covid, says Lodha

KTM extends service, warranty periods of all bike models till July 31

Premium motorcycle brand and a part of the Bajaj Auto Group KTM extended the service and warranty periods of all its bike models in the country till July 31 in view of the raging pandemic

Credit Suisse Group to hire over 1,000 IT employees in India in 2021

Credit Suisse said it planned to hire over 1,000 IT staffs in India this year to show its commitment to the country and its intention to establish it as a global technology innovation center for bank

Wadhwani Foundation announces $1 mn grant to 10 charities for Covid-relief

Wadhwani Foundation (WF) has announced a support of $1 million in grants to 10 charities and NGOs in a bid to help alleviate the devastating impact of the Covid-19 outbreak in India

Google launches Showcase, to train 50,000 journalists in digital skills

The Google New Showcase, launched late last year,currently active in several countries, will show content from Indian publisher partners in English and Hindi in dedicated News Showcase panels.

Dish TV lenders invoke pledged shares, sell 51.1 mn shares in open market

In a regulatory filing Dish TV India said "51,197,105 shares have been invoked by the trustee(s) on behalf of lenders to whom shares of Dish have been pledged"

Oberoi Realty to actively pursue redevelopment business: Chairman

Oberoi said the company is open to redevelopment of large residential societies and doing joint development, he said .

Measures to mitigate impact of cyclone Tauktae underway, says ONGC

ONGC on Tuesday said that "all possible measures in coordination with ODAG (Offshore Defence Advisory Group) and MRCC (Maritime Rescue Coordination Centre)" are being taken to ensure the safety