Page 2588 - Company News
A fading voice: Radio plays by the ear to stay in tune with the times
From getting into content production to becoming event managers, radio companies are doing everything to remain afloat
 "A fading voice: Radio plays by the ear to stay in tune with the times")
Analysts bullish on L&T post good operational show, strong balance sheet
27 of 28 analysts polled by Bloomberg have an add, outperform recommendation
 "Analysts bullish on L&T post good operational show, strong balance sheet")
KKR invests $95 mn in Lenskart, says will help eyewear firm's growth
TPG Growth and TR Capital will each divest a portion of their holding in Lenskart.
 "KKR invests $95 mn in Lenskart, says will help eyewear firm's growth")
Pine Labs secures $285 mn funding, unicorn firm's valuation tops $3 bn
Company offers merchants payment technology and working capital; it started as a retail solutions player in petroleum.
 "Pine Labs secures $285 mn funding, unicorn firm's valuation tops $3 bn")
Jaypee Infra insolvency: NBCC, Suraksha asked to submit revised bids
State-owned NBCC and Suraksha group, which are in the race to acquire debt-laden Jaypee Infratech Ltd (JIL), will submit their revised bids by Tuesday
 "Jaypee Infra insolvency: NBCC, Suraksha asked to submit revised bids")
Valuation of India's top IT companies way above earnings growth trend
Combined m-cap of top five firms up 87% since March '20, against 6.2% net profit growth in FY21
 "Valuation of India's top IT companies way above earnings growth trend")
Adar Poonawalla exits Panacea Biotec; sells entire stake for Rs 118 cr
Serum Institute of India CEO Adar Poonawalla offloaded his entire stake in Panacea Biotec amounting to 5.15 per cent shareholding of the firm for Rs 118 crore, through an open market transaction
 "Adar Poonawalla exits Panacea Biotec; sells entire stake for Rs 118 cr")
Zydus Animal Health buyout catapults Multiples into the big league
Multiples' deal ticket size in the first fund was only $30 million and in the second around $50 million
 "Zydus Animal Health buyout catapults Multiples into the big league")
HCL Technologies hires 1,000 technology professionals in the United Kingdom
The company also said in a statement that its CEO C Vijayakumar met UK Prime Minister Boris Johnson virtually in light of the current Covid-19 crisis.
 "HCL Technologies hires 1,000 technology professionals in the United Kingdom")
India Inc's foreign investment jumps over two-folds to $2.51 bn in Apr'21
India Inc's foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to $2.51 billion, data from the Reserve Bank showed on Monday.
 "India Inc's foreign investment jumps over two-folds to $2.51 bn in Apr'21")
Tata Motors Jamshedpur plant to undergo block closure from May 18-22
Homegrown automobile giant Tata Motors will undertake a block closure at its Jamshedpur facility from May 18 to May 22, as per an internal communication sent to its employees
 "Tata Motors Jamshedpur plant to undergo block closure from May 18-22")
HCL Tech to hire 1,000 technology professionals from cloud, AI field in UK
HCL Technologies said it is hiring 1,000 technology professionals to support its clients in the UK and around the world.
 "HCL Tech to hire 1,000 technology professionals from cloud, AI field in UK")
Top headlines: Airtel back in black in Q4; India loses gas field in Iran
Business Standard brings you the top headlines this evening
 "Top headlines: Airtel back in black in Q4; India loses gas field in Iran")
Mother Dairy offers VRS for employees at East Delhi plant
Mother Dairy, a leading milk supplier in the Delhi-NCR market, has come out with a voluntary retirement scheme (VRS) for employees working at one of its plants to bring operational efficiencies.
 "Mother Dairy offers VRS for employees at East Delhi plant")
Tauktae: Offshore oil fields barges, but all 261 onboard safe, says ONGC
ONGC said a barge with 261 of its personnel deployed for offshore drilling in Bombay High in the Arabian Sea got de-anchored and started drifting because of the cyclonic storm Tauktae
 "Tauktae: Offshore oil fields barges, but all 261 onboard safe, says ONGC")
Covid vaccines: Medical refrigerators makers gearing up to meet mkt needs
Godrej Appliances, Voltas and Blue Star are gearing up to cater to needs of Covid vaccine manufacturers by enhancing their cooling technologies in view of the requirement to store vaccines
 "Covid vaccines: Medical refrigerators makers gearing up to meet mkt needs")
Govt should move quickly to ramp up vaccine availability: Sangita Reddy
The government should move quickly to ramp up the availability of the Covid-19 vaccine in the country by enhancing domestic production, says Apollo Hospitals Joint MD Sangita Reddy
 "Govt should move quickly to ramp up vaccine availability: Sangita Reddy")
Sidbi invites applications to hire specialists in IT on contractual basis
Small Industries Development Bank of India will hire information technology specialists on a contractual basis, including a CTO, to drive customer service amidst the increasing role of technology
 "Sidbi invites applications to hire specialists in IT on contractual basis")
M&M to provide financial aid to families of staff succumbing to Covid
Mahindra & Mahindra Ltd (M&M) will pay salary for the next five years besides a one-time payment of twice the annual compensation in case of any of its staff succumbing to Covid-19
 "M&M to provide financial aid to families of staff succumbing to Covid")
Jio building largest international submarine cable system centred on India
Reliance Jio said on Monday it is constructing the largest international submarine cable system centred on India
 "Jio building largest international submarine cable system centred on India")