Page 2596 - Company News

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

Amazon in talks to buy movie studio MGM for about $9 billion:Report

MGM would help bolster Amazon's Prime streaming service, the Information and Variety said in reports. Amazon is weeks into negotiations to buy studio for about $9 billion, according to Variety.

AT&T, Discovery deal highlights media's thirst to be like Netflix

Since AT&T bought Time Warner in 2018 to compete with Netflix and Disney, the world of streaming video has only gotten more cutthroat

Pharma sector's Q4 results show moderate gains amid Covid-19 pandemic

The ongoing April-June quarter should see strong growth due to low base of last year

Apollo Hospitals, Dr Reddy's announce vaccination drive with Sputnik V

Apollo Hospitals and Dr Reddy's Laboratories on Monday said they are collaborating to initiate a COVID-19 vaccination programme in the country with Sputnik V.

Eli Lilly inks pact with Natco Pharma for Covid-19 drug baricitinib

Drug firm Eli Lilly said it has signed a voluntary licensing agreement with Natco Pharma to further expedite the availability of baricitinib for Covid-19 patients in India

Covid-19 crisis: Pharma majors step up support to affected employees

A company spokesperson said this benefit will be over and above the existing group term insurance

Gland Pharma's Q4 consolidated net profit up 34% at Rs 260.4 crore

Drug firm Gland Pharma on Monday reported a 34 per cent rise in its consolidated net profit to Rs 260.4 crore for the fourth quarter ended March 2021, on account of robust sales

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

Analysts bullish on L&T post good operational show, strong balance sheet

27 of 28 analysts polled by Bloomberg have an add, outperform recommendation

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.

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.

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

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

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

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

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.

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.

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

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.