Page 2613 - Company News

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.

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.

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.

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.

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.

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

Taking action to access $1.2 bn arbitration award against India: Cairn

Cairn Energy Plc said it is taking all necessary actions to access the $1.7 bn it was awarded by an international arbitration tribunal after overturning a retroactive tax demand slapped by Indian govt

Vedanta to set up 100-bed hospital for Covid patients in Rajasthan's Barmer

Oil and gas company Vedanta Limited has started setting up a 100-bed field hospital for coronavirus patients in Barmer district of Rajasthan

Infosys in strategic tie-up with Europe's top soft-drink maker Britvic

IT major will deliver European client's transformation roadmap and operations across applications, cloud infra, service management and end-user computing

Tata Motors reviewing CCI order on probe against commercial vehicle biz

Tata Motors said it is reviewing the order by the CCI to initiate an investigation against its commercial vehicles business in India for alleged abuse of its dominant position

OYO to show vaccination status of partner hotels' staff on its app

Hospitality firm OYO said it will show Covid vaccination status of the staff of its partner hotels on its app as it believes that such initiative will be a key factor in building trust among consumers

Flipkart to add 8 lakh sq ft warehousing space for grocery infrastructure

Walmart-owned Flipkart said it plans to expand its fulfilment centre capacity for grocery by more than 8 lakh sq ft over the next three months across Delhi, Kolkata and other cities

IBM uses advances in AI, partner ecosystem to push digital transformation

TCS among the early ecosystem partners to have achieved competencies in AI solutions

JSW Hydro Energy raises $ 707 million via green bonds overseas

JSW Energy on Tuesday said that its arm JSW Hydro Energy has raised USD 707 million through green bonds abroad.

Twitter donates USD 15 mn for Covid relief in India to battle second wave

Microblogging giant Twitter has donated USD 15 million to help address the Covid-19 crisis in India which is battling the unprecedented second wave of the deadly pandemic

UK class action lawsuit against Apple for overcharging 20 million users

Apple Inc is facing a London lawsuit over claims it overcharged nearly 20 million UK customers for App Store purchases, another legal headache for the tech giant fighting lawsuits across the world.

Huawei Technologies seeks reboot after losing out on 5G spectrum trials

Analysts say that, between 2016-20, telcos put in a capex of over $19 billion to build their 4G radio access networks.

Blackstone buys Embassy Industrial Parks from Warburg JV for Rs 5,250 cr

Embassy Industrial Parks is comprised of 10.6 million square feet of modern logistics and warehousing assets

Coronavirus-hit IndiGo to raise Rs 3,000 crore through QIP

IndiGo's decision comes as the aviation industry continues to be hit by the catastrophic second wave of Covid-19 infections

Yamaha Motor to suspend production at two Indian plants due to Covid-19

This comes amid rising Covid infections across the country