Page 2594 - Company News

Samsung Electronics raises non-memory chip investment to $151 bn

Samsung Electronics Co Ltd said on Thursday it would invest 171 trillion won ($151.10 billion) in non-memory chips through 2030, raising its previous investment target of 133 trillion won

Boeing wins approval for 737 Max electrical fix, notifies airlines: Report

Boeing Co won approval from US regulators for a fix of an electrical grounding issue that had halted flights for about 100 737 MAX airplanes, clearing the way for their quick return to service

Mumbai helps Vodafone Idea add 1.56 million subscribers after 20 months

The company's subscriber base in Mumbai went up from 8.9 million in January this year to 10.47 million in February

Zydus Cadila to sell India animal health business for Rs 2,921 crore

We are sure that ZAHL will continue to grow and strengthen its position, said Pankaj Patel

Paytm provides technological support to Japan's payment app PayPay

SoftBank is aiming to take PayPay public; Paytm may also get some stake in the app

Cairn Oil & Gas starts production from tight oil project in Rajasthan

Vedanta Ltd's Cairn Oil & Gas on Wednesday said it has commenced oil production from NA #01 facility in Aishwariya Barmer Hills in Rajasthan.

Warburg Pincus-Goldman joint venture to ramp up student housing business

The Goldman Sachs-backed company now has 18,000 beds across its tie ups with Manipal University, OP Jindal Global University and Shoolini University

'INNergise' to Mood Diet: Five-star hotels go all out to beat Covid blues

Focus of home delivery menus is on foods that provide nutrition and improve mood without pinching customers' pockets

Jindal Steel opens capex window amid continued deleveraging plans

To double capacity via internal accruals with eye on debt/EBITDA ratio

FMCG sales up 9.4% in March qtr, but June qtr remains volatile: Nielsen

If e-commerce sales are excluded, the sector growth stood at 9.3 per cent in the March quarter, 7.1 per cent in the December quarter, and 0.8 per cent in the September quarter

Opportunity for India Inc to take forward cover widens as rupee strengthens

Many mid-sized firms don't take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will weaken again and hit 80 to the dollar

Will raise monthly production of vaccines to 100 mn doses by August: Serum

Dr V Krishna Mohan, the Whole-time Director of Bharat Biotech, is learnt to have conveyed to the government that the production of Covaxin would be raised to 3.32 crore in July

Allcargo brings in Parthasarathy, Martin Mueller as independent directors

Allcargo Logistics on Wednesday announced appointment of V S Parthasarathy and a Swiss national, Martin Mueller as independent directors on its board.

Tata Power board okays raising up to Rs 5,500 crore through NCDs

The NCDs can be issued on private placement basis to any persons, entities, companies, banks and financial institutions.

New CEO at Godrej Consumer Products drives a sharp rerating for the stock

The stock gains 21 per cent; improvement in financial metrics key to sustain show

Long road to recovery: Covid-19 lockdown hits vehicle sales, shows data

Sales of two-wheelers during April stood at 995,097, 39 per cent lower than in April 2019

Skoda, Volkswagen line up 1 million euros aid to fight Covid-19 in India

Czech carmaker Skoda on Wednesday said it along with the Volkswagen Group (VW) has lined up one million euros (around Rs 9 crore) aid to support the fight against COVID-19 in India.

Maruti, MG Motor and Toyota extend free service, warranty amid Covid-19

The MG customers will now be able to avail their schedules until July 31, 2021

Covid-19: Royal Enfield to shut down manufacturing plants from May 13-16

Royal Enfield said it has decided to shut down its two manufacturing facilities between May 13-16 in order to safeguard its employees amid the second wave of coronavirus pandemic in the country

Blackstone closes in on warehousing developer Indospace for top spot

Logistics is one of Blackstone's core investment themes globally. Since 2010, Blackstone has acquired more than 1.2 billion square feet of logistics