Page 2612 - Company News
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
 "HUL's Sudhir Sitapati to take over as GCPL's managing director in October")
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
 "Developers likely to face tough time in office leasing, says study")
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
 "Google Pay launches global money transfers with Wise and Western Union")
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.
 "Piaggio Vehicles adds 100 dealerships pan-India in commercial, PV biz")
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.
 "Ruchi Soya announces acquisition of Patanjali's biscuits biz for Rs 60 cr")
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
 "Lenders seek fresh bids for JBF Petrochem after firm fails to get offers")
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
 "CCI approves internal restructuring of IBM under 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
 "Reliance Jio beats Bharti Airtel, adds 4.3 million users in February")
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
 "Arbitration case: Cairn digs in heels, PSBs say prepared for legal battle")
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
 "Analysts downgrade IndiGo as second Covid-19 wave weakens outlook")
Margin and valuation concerns could limit upsides in L&T Infotech
Revenue growth trajectory however is expected to remain robust
 "Margin and valuation concerns could limit upsides in L&T Infotech")
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
 "Pfizer Covid-19 vaccine now expanded to US children as young as 12")
Reliance Jio adds 4.2 million subscribers in February: Trai data
Reliance Jio widened its mobile subscriber base to 414.9 million in February, with healthy addition of 4.2 million users, as it managed a comfortable lead in the market, according to TRAI data.
HCL provides Delhi govt with O2 plants, cylinders to support relief efforts
HCL Group on Tuesday said it is supporting the Delhi government by providing oxygen plants and cylinders to support COVID-19 relief efforts.
 "HCL provides Delhi govt with O2 plants, cylinders to support relief efforts")
Jaypee Infra insolvency: NBCC, Suraksha group submit revised bids
NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution process, have submitted revised bids and improved their offers for financial creditors.
 "Jaypee Infra insolvency: NBCC, Suraksha group submit revised bids")
Direct supply of Covaxin to 18 states since May 1: Bharat Biotech
Bharat Biotech on Tuesday said it will continue the steady supply of its COVID-19 vaccine Covaxin, adding the jab has been directly supplied to 18 states since May 1.
 "Direct supply of Covaxin to 18 states since May 1: Bharat Biotech")
Cisco India earmarks Rs 63.5 cr to provide financial support to staff
US-based networking solutions provider Cisco is making a "one-off payment" of about Rs 63.5 crore towards supporting staff in India during the second wave of the Covid-19 pandemic.
 "Cisco India earmarks Rs 63.5 cr to provide financial support to staff")
Godrej Consumer Products' consolidated net profit up 59% in March quarter
FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a 59.13 per cent increase in its consolidated net profit to Rs 365.84 crore for the fourth quarter ended March 2021.
 "Godrej Consumer Products' consolidated net profit up 59% in March quarter")
Siemens' consolidated net profit rise 90% at Rs 334 cr in March quarter
Siemens posted an over 90 per cent rise in consolidated net profit at Rs 334.4 crore for the March quarter, mainly on the back of higher revenues
 "Siemens' consolidated net profit rise 90% at Rs 334 cr in March quarter")