Page 2601 - Company News
Passing on your password? Online streaming services are past it
Many of us were taught to share as kids. Now streaming services ranging from Netflix to Amazon to Disney+ want us to stop.
 "Passing on your password? Online streaming services are past it")
Bata India appoints ex-Britannia exec Gunjan Shah as country CEO
Shah takes over next month; Sandeep Kataria, Bata India's current CEO, has been elevated to the position of global CEO
 "Bata India appoints ex-Britannia exec Gunjan Shah as country CEO")
Mindspace REIT to distribute Rs 285 crore as dividend to unitholders
Mindspace Business Parks REIT on Friday declared a distribution of Rs 285.2 crore to its unitholders for the quarter ended March.
 "Mindspace REIT to distribute Rs 285 crore as dividend to unitholders")
Yes Bank to sell property of Magnum Solution for recovery of Rs 345 cr
Yes Bank has invited bids for sale of immovable assets of a borrower, E Commerce Magnum Solution Ltd, to recover dues of over Rs 345 crore.
 "Yes Bank to sell property of Magnum Solution for recovery of Rs 345 cr")
Aditya Birla Capital PAT up 2.6x to Rs 375 crore in March quarter
Aditya Birla Capital Ltd reported its highest ever quarterly profit after tax at Rs 375 crore in Q4 FY21, marking a 2.6 times growth year-on-year and 30% growth over the previous quarter
 "Aditya Birla Capital PAT up 2.6x to Rs 375 crore in March quarter")
JSL posts consolidated net profit of Rs Rs 293 cr in March quarter
Jindal Stainless Ltd (JSL) on Friday reported a consolidated net profit of Rs 292.61 crore for the fourth quarter ended March 2021.
 "JSL posts consolidated net profit of Rs Rs 293 cr in March quarter")
Extended Covid lockdowns to dent Westlife's dine-in segment revenues
Strong growth in convenience format, margin improvement would support financials
 "Extended Covid lockdowns to dent Westlife's dine-in segment revenues")
Shriram City Union Finance to infuse Rs 500 cr in Shriram Housing Fin
Mortgage financier Shriram Housing Finance (SHFL) Friday said its promoter Shriram City Union Finance will infuse Rs 500 crore in the company.
 "Shriram City Union Finance to infuse Rs 500 cr in Shriram Housing Fin")
Koo in talks to raise funds; hopes to close a deal in 3-4 months
Twitter rival Koo is in discussions with investors to raise funding and hopes to close a deal in the next 3-4 months, Koo co-founder Aprameya Radhakrishna said.
 "Koo in talks to raise funds; hopes to close a deal in 3-4 months")
L&T arm bags contracts worth Rs 2,500-5,000 crore for Chennai Metro
The construction arm of Larsen & Toubro has secured orders worth Rs 2,500-5,000 crore from its heavy civil infrastructure business in India.
 "L&T arm bags contracts worth Rs 2,500-5,000 crore for Chennai Metro")
Alembic Pharmaceuticals gets USFDA nod for bipolar depression drug
Drug firm Alembic Pharmaceuticals on Friday said it has received final approval from the US health regulator for Lurasidone Hydrochloride tablets, used to treat bipolar depression.
 "Alembic Pharmaceuticals gets USFDA nod for bipolar depression drug")
Apple India logs record quarter: PC, smartphone, iPad biz grows rapidly
Sales hit likely in Apr-June
 "Apple India logs record quarter: PC, smartphone, iPad biz grows rapidly")
High Covid-19 testing costs can stall global aviation recovery: IATA
The International Air Transport Association (IATA) has called on governments to ensure that high costs for Covid-19 testing do not put travel out of reach for individuals and families
 "High Covid-19 testing costs can stall global aviation recovery: IATA")
Sterlite Copper oxygen plant in TN hits 'technical snag', halts production
Vedanta Ltd owned Sterlite Copper Plant which recently, commenced production of medical oxygen at its facility in Tamil Nadu has faced a 'technical snag' in a cold box
 "Sterlite Copper oxygen plant in TN hits 'technical snag', halts production")
Go Air files IPO papers to raise Rs 3,600 crore, rebrands itself
India's largest airline by market share will use the proceeds to meet debt obligations, pay oil companies.
 "Go Air files IPO papers to raise Rs 3,600 crore, rebrands itself")
No takers for govt-owned vaccine manufacturing plant in time of Covid-19
Bidding deadline extended for eighth time since January
 "No takers for govt-owned vaccine manufacturing plant in time of Covid-19")
L&T Q4 preview: PAT seen rising up to 18% YoY as margin pressures ease
Ability to hold on to margins amid higher raw-material prices and restored salaries/wage cuts through cost control, order pipeline, and commentary on FY22 guidance among key monitorables
 "L&T Q4 preview: PAT seen rising up to 18% YoY as margin pressures ease")
Hyundai plans to invest $7.4 bn in US by 2025 on EVs, production facilities
Hyundai plans to invest $7.4 billion in US by 2025 to make electronic vehicles, enhance production facilities and invest further in smart mobility solutions
 "Hyundai plans to invest $7.4 bn in US by 2025 on EVs, production facilities")
TV ad volumes rise 39% in Jan-April; coming months likely to be challenging
The trend is in line with what has been visible since the 'unlock' phase began last year, when pent-up demand began pushing up ad volumes on TV
 "TV ad volumes rise 39% in Jan-April; coming months likely to be challenging")
Explained: How CIOs are leading data strategy at their companies
One in every two CIOs plans to invest more in technologies to overcome challenges in data management
 "Explained: How CIOs are leading data strategy at their companies")