Page 2623 - Company News

Capacity expansion, new launches to drive growth for Rallis India

While revenue growth was robust in Q4, weak mix, costs dented profits

Maruti Suzuki's margins may slip further on higher commodity costs

Demand trajectory, market share losses are other concerns

Hathway share sale oversubscribed, to help promoters meet 25% holding norms

The 205-million share offering (11.61% equity stake) attracted bids for 279 million shares with both retail and non-retail portion getting oversubscribed

Second Covid-19 wave may erase gains in smartphone market, like the first

In spite of 23% growth in shipments, yearly business may get another jolt

Covid-19: JSW Steel reduces production to ramp up supply of medical oxygen

Saving lives more important than producing steel, says Sajjan Jindal

Auto firm Stellantis makes top-level appointments for Indian region

Appoints Roland Bouchara as CEO & Managing Director, Partha Datta to head Engineering, Design and R&D

Oyo to let Covid-19 patients and frontline workers books stays through app

Move is an extension of the facility it had provided in partnership with other stakeholders last year

State Bank of India board to consider raising $2 billion through bonds

SBI is the country's largest lender

India's 4G subscriber base may grow to 820 mn in FY22, says Crisil

The active subscriber market share data indicates the top two players, Jio and Airtel, are neck and neck, with neither ready to bite the bullet and raise tariffs, says the rating agency

Covid: Dr Reddy's expects first lot of Sputnik V vaccine by May end

RDIF CEO Kirill Dmitriev in a virtual press conference recently said he expected over 50 million doses of SputnikV vaccine to be manufactured in India by this summer

ADV Partners, Premji invest to acquire majority stake in Micro Plastics

Investment builds on MPPL's robust revenue growth of over 20% CAGR over past five years

IBM, HCL Technologies partner to set up cybersecurity solutions for clients

HCL's Cybersecurity Fusion Centres will draw upon IBM's Cloud Pak to create a unified platform for connecting security teams, tools and processes across the threat lifecycle

Indian smartphone market grew 23% in Jan-Mar 2021: Counterpoint report

The second Covid wave, however, is expected to dampen the show in April-June quarter

Indian oil refiners defer shutdowns as workers flee amid Covid resurgence

Bharat Petroleum and Indian Oil have deferred planned shutdowns due a shortage of contract workers.

Tech firms, startups gearing up to vaccinate employees after May 1

Healthcare platform PharmEasy says 5 million individuals and 1,200 companies have already made a "soft commitment" to vaccinate themselves and their families

The Contrarian Mr Khattar

Heads of car companies are known by the models they launch. Khattar launched several. Most notably, the Swift and Dzire, remade Maruti into their own image as modern, peppy, and cheery little cars

JSPL board okays divestment in Jindal Power to Worldone for Rs 30.15 bn

Jindal Power and Steel (JSPL) on Tuesday said its board has approved divesting its entire equity interest in Jindal Power to Worldone, a promoter group company, for Rs 30.15 billion

RBI fixes private bank MD, CEO tenures at 15 years; compliance by Oct 1

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.

Indiabulls promoters, directors booked; firm moves court to get FIR quashed

The Enforcement Directorate (ED) is learnt to have reached out to the police team seeking details of the case, a senior official confirmed

PE Player Blackstone bets big on Mphasis, to acquire additional 26% stake

Blackstone, Abu Dhabi Investment Authority, UC Investments and GIC to invest $2.8bn to acquire majority stake