Page 2616 - Company News

Will double headcount; lot of headroom for growing user base: Koo

Koo is planning to double its headcount in the next one year as it significantly scales up its user base on the platform, especially vernacular subscribers, its co-founder said

Kamdhenu eyes Rs 1,000-cr revenue from paints section in next 5 years: CMD

Kamdhenu Group is looking at over Rs 1,000 crore revenue from its paints segment over the next five years, amid rising demand for the product in line with new housing projects

M-cap of eight of top-10 most-valued companies rises by Rs 81,250.83 cr

Only Reliance Industries Ltd and Infosys took losses in their market capitalisation for the week closed on Friday

Driverless taxis to cancer drugs: Google's moonshots are serious business

Alphabet could be underinvesting in the sustainability of its prosperous main business while overinvesting in adventurous sidelines.

Disruptions in store operations impacting revenue, says D-Mart

The firm said it may face an excess in inventory

Govt gives bidders data access for $7-billion Bharat Petroleum Sale

The government's 53% stake in the refiner is valued at about Rs 50,900 crore based on Friday's closing price

Reliance Industries may renegotiate Future group valuation: Bankers

FRL sales to drop by 71% in FY21 owing to pandemic impact; sales in FY22 to remain about 30% lower than in FY20, according to Fitch

Second Covid-19 wave: Overseas investors' behaviour has a story to tell

It remains to be seen how much of their selling is profit-booking or cutting India's weight

Slack in chemicals, lower packaging margins to dent SRF's earnings growth

Given the valuation worries, investors should await further correction before considering the stock

Carlyle sells 4.2% in SBI Life at Rs 960 per share in pre-market deal

CA Emerald Investments, an affiliate of Carlyle Asia Partners, sold a total of 4.23 million shares for Rs 4,061 crore

Disbursed Rs 14,572 crore to investors of six shuttered schemes, says FT

In two of the schemes, the disbursement was over 75% of AUM in April 2020, when fund houses wound up the schemes

Amid supply crunch, private hospitals eyeing import of Covid-19 vaccines

Two major hospital groups, Apollo Hospitals and Fortis Healthcare, said they are open to exploring opportunities to import

Over 300 pharma, healthcare companies eligible for new Covid loans: Crisil

Hospitals to gain most with up to 3.5% dip on cost of funds; may add half a million beds, says rating agency

Dixon invests Rs 600 crore to build new facility under PLI scheme

Dixon has earned revenues of Rs 4,400 crore and is in the bottom 20 of the global pecking order of EMS players

Flipkart to pay 100% premium towards Covid-19 insurance for all its sellers

The offer holds for policies between Rs 50,000 and Rs 3 lakh; exempted storage fees for MSME partners

Second month in row, Walmart's PhonePe logs over 1 billion transactions

Maintains top position in UPI apps, followed by Google Pay

India's pharma market rebounds in April, clocks 51.5% sales growth

Low base of April 2020, pick-up in demand for Covid-19 drugs major contributors to growth

Coal India's fuel allocation through spot e-auction rises 43% in FY21

State-owned CIL allocated 42.51 million tonne of coal in 2020-21 under spot e-auction scheme, registering a year-on-year increase of 42.5 per cent

Kansai Nerolac Paints' Q4 net profit rises 89 pc to Rs 123.62 crore

Kansai Nerolac Paints Ltd on Friday reported an increase of 89.14 per cent in its consolidated net profit to Rs 123.62 crore for the fourth quarter ended March 2021

Moody's maintains negative outlook on Adani Transmission

Moody's Investors Service on Friday affirmed an investment grade rating of Baa3 with negative outlook on senior secured bonds of Adani Transmission Ltd (ATL).