Page 2620 - Company News

IPL 2021 cancelled: BCCI, teams may lose more than Rs 3,000 crore

On an average the BCCI earns Rs 67 crore from every match broadcast. It earned Rs 4,000 crore from the IPL in 2020 and was expected to earn a similar amount this time

Bajaj Group pledges additional support of Rs 200 cr for Covid relief steps

Many private firms have come forward to aid India's fight against Covid

Serum Institute of India leads cross-sector Indian investments into UK

The Serum Institute of India will invest 240 million pounds in the UK to expand its vaccine business

Adani Ports may abandon Myanmar project if found to violate US sanctions

The company said the potential Myanmar project write-down would not materially impact it

Bajaj Group pledges an additional Rs 200 crore for Covid-19 relief

Recently, the group aided in the procurement of 12 oxygen plants to provide more than 5,000 LPM (Litre Per Minute) of oxygen supply to rural and urban hospitals

Investor Warren Buffett's ESG snub risks alienating Wall Street

Other major companies, including Citigroup Inc and Amazon.com Inc, have resisted ESG shareholder proposals

Godrej Properties clocks record sales bookings of Rs 6,725 cr in FY21

Sales bookings grew by 14 per cent

CIL says operations slowed down as many employees tested positive for COVID

More than 5,400 of the company's employees and their wards across subsidiaries have tested positive for Covid

IT giant Infosys to hire 1,000 workers in UK over the next 3 years

The firm said this is part of efforts to support the country's economic recovery and growth.

Dell, Foxconn, Lava, 16 other firms apply under PLI scheme for IT hardware

Production of Rs 1.6 trn and exports of Rs 60,000 cr expected over next 4 years, says govt

CARE Debt index improves by 33 bps in April on better asset quality

Improvement was backed by enhancements in higher rated debt paper. As it is contemporary with minimum time lags, the health of debt and credit markets is encapsulated on a near-real-time basis

Mphasis to set up nearshore centre near London, expects to invest GBP 25 mn

The focus will be on digital transformation initiatives in banking & insurance, by establishing a nearshore centre, outside of London.

Sebi vets stake control in Zomato's IPO papers for China firm's role

Regulator scans startup's prospectus to check if Jack Ma's Ant group will be issued bonus shares/rights shares.

Have got full advance for 110 mn doses, says Serum CEO Poonawalla

Poonawalla, who left for the UK recently, said in an interview that he was getting threatening calls from powerful people in India for delivering vaccine

UK-India summit: Serum Institute set to invest 240 million pound in Britain

The Serum Institute of India will invest 240 million pound in the UK to expand its vaccine business and set up a new sales office creating a large number of jobs

Led by exports, Bajaj grabs pole position in India's motorcycle market

A week-long shutdown by Hero MotoCorp gives Bajaj Auto a marginal lead over its arch rival

Verizon selling Yahoo, AOL unit to Apollo in $5-billion deal

As part of the deal, Verizon will receive $4.25 billion in cash, preferred interests of $750 million and the minority stake

Second Covid-19 wave: Export-oriented sectors may be bright spots in FY22

Gems and jewellery, textiles, electronics goods and iron ore are among sectors already doing well

Strong volume growth, price hikes drive Street's optimism on Marico

It should deliver strong revenue growth with relief in the form of easing input costs

Mahabaleshwar club in a soup over Anil Ambani video, asked to shut

Civic authorities at the popular hill station Mahabaleshwar have asked a private club to shut down its golf course ground after a video of Ambani taking a walk there went viral