Page 2606 - Company News

Bezos wraps up Amazon stock sale for $6.7 billion, continues to hold 10%

Jeff Bezos sold $1.7 billion of Amazon.com Inc. stock, bringing the amount he's unloaded this month to about $6.7 billion.

Telecom firms see red as protests against 5G spectrum trials mount

Posts claiming the upcoming 5G trials will spread the virus have been doing the rounds

Top YES Bank investor Bay Tree cuts stake in troubled lender by a third

Bank has cut back lending to companies and tried to win back depositors after being rescued in March 2020,.

JSW Steel's April crude steel output dips 5% as it focuses on oxygen supply

In April, over 20,000 tonnes of LMO were supplied from firm's steel units; company was supplying 185 tonnes a day of LMO mid-April, which has now been raised to 1,200 tonnes

Amazon begins Covid-19 vaccinations for its front-line workers in India

The Jeff Bezos-led company is hosting on-site vaccination events run by licensed health care providers, at a few of its buildings in Delhi initially

Hyundai undertakes six-day maintenance shutdown at manufacturing plant

Hyundai Motor India has commenced annual maintenance shut down at its Chennai-based manufacturing facility for six days starting May 10 amid the second wave of coronavirus pandemic.

Flipkart scales up grocery infra to meet demand amid second covid wave

Plans to add over 800,000 sq ft of space through 5 new fulfilment centres over the next three months, in Delhi, Kolkata, Chennai, Coimbatore and Hyderabad

HUL's Sudhir Sitapati to take over as GCPL's managing director in October

GCPL posted a 59.13 per cent YoY increase in its consolidated net profit to Rs 365.84 crore for Q4, led by a low base

Developers likely to face tough time in office leasing, says study

About 90 million square feet of lease renewals coming up this year, says a report by Anarock

Google Pay launches global money transfers with Wise and Western Union

Google Pay users in the United States can now transfer money to app customers in India and Singapore

Piaggio Vehicles adds 100 dealerships pan-India in commercial, PV biz

Piaggio Vehicles on Tuesday said it has added 100 dealerships in both its commercial and passenger vehicle businesses across India in 100 days despite challenging times.

Ruchi Soya announces acquisition of Patanjali's biscuits biz for Rs 60 cr

Ruchi Soya Industries on Tuesday announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore.

Lenders seek fresh bids for JBF Petrochem after firm fails to get offers

The firm, a step-down subsidiary of JBF Industries, owes some Rs 5,000 cr to the lenders; search is on to find a buyer for its stalled Karnataka project

CCI approves internal restructuring of IBM under green channel route

CCI has approved Kyndryl Holdings and Grand Ocean Managed Infrastructure Services' proposal for the internal restructuring of IBM Corporation under the green channel route

Covid-19 pandemic accelerating adoption of artificial intelligence: IBM

IBM's "Global AI Adoption Index 2021" revealed that while AI adoption was flat over the last year, momentum is shifting due to the global Covid-19 pandemic

Reliance Jio beats Bharti Airtel, adds 4.3 million users in February

The proportion of active wireless subscribers was approximately 84.09 per cent of the total wireless subscriber base

Arbitration case: Cairn digs in heels, PSBs say prepared for legal battle

Deposits are customers' money and not govt assets, hence can't be attached: Lenders

Analysts downgrade IndiGo as second Covid-19 wave weakens outlook

The QIP should shore up its cash reserves currently at over Rs 7,000 crore

Margin and valuation concerns could limit upsides in L&T Infotech

Revenue growth trajectory however is expected to remain robust

Pfizer Covid-19 vaccine now expanded to US children as young as 12

The study found no cases of Covid-19 among fully vaccinated adolescents compared to 18 among kids given dummy shots