Page 2633 - Company News

Cleartrip to retain brand identity even after Flipkart fully acquires it

All employees to be retained even as Cleartrip works closely with Flipkart to further develop technology solutions and make travel simple for customers

Auto plants in Maharashtra scale down operations to align with guidelines

Overall monthly production likely to be hit by 30-40%

IL&FS board revises debt recovery target upwards to Rs 61,000 crore

The board has already addressed debt of Rs 43,100 cr so far and is looking to address about Rs 8,000 cr in the next six months

Covid-19 curfews: Nasscom says laptops and chargers are 'essential'

In its letter to the MIDC, Nasscom has stressed the need for a clarification while stating that e-commerce companies must be allowed to deliver all goods and services

Infosys: Analysts keep the faith despite the disappointing Q4 show

Street expects an upward revision in growth guidance; valuation divergence with TCS to narrow

Domestic growth trajectory to remain strong for Glenmark in near term

Debt reduction key if the stock is to fetch higher valuation multiples

ReNew Power's subsidiaries list $585 million FCBs on India INX

The 7.25 bonds have been assigned ratings of BB- (Positive Outlook) by Fitch and Ba3 by Moody's investor services and are priced competitively at 4.5%

Restrictions likely to impact footfalls but have adequate stocks: Retailers

Retailers and FMCG makers say they have adequate stocks at stores and warehouses and are prepared to manage the situation in the wake of fresh restrictions

Bajaj Auto halts Chetak bookings within 48 hrs, cites supply issues

Bajaj's maiden electric scooter, which went on sale in Jan 2020, hasn't been able to align production with demand due to Covid-induced supply chain disruptions and shortage of semiconductors

Telecom down to 3 pvt firms, 1 becoming a question mark: Sunil Mittal

Airtel has weathered three-four big crises, including disruptions caused by the 2016 launch of Jio: Airtel

Private equity, VC investments rise 64% to $8.3 bln in March qtr: Report

266 deals took place in the period

US banking major Citibank to exit consumer banking business in India

This is part of the bank's global strategy

Consumer durables industry may contract 12-15% in FY21: Godrej Appliances

This was mainly due to the loss witnessed in June quarter and the worst hit was the air conditioner segment

Dabur m-cap tops Rs 1 trillion, shares up 2.2% to lifetime high of Rs 573

Stock has gained 9% in a month even as Sensex shed 3% during this period. Currently, 41 listed companies have market cap exceeding Rs 1 trillion

Piramal aims to be among top-5 NBFCs in retail space after DHFL deal

Piramal Retail Finance on Thursday said it aims to focus on scale

Amazon announces $250 million fund to help MSMEs go digital in India

Amazon India Global SVP and Country Head India Amit Agarwal said the fund is targeted at empowering the best ideas, and attracting visionary entrepreneurs

IL&FS addresses debt of Rs 43,000 cr; raises recovery estimate to Rs 61K cr

Infrastructure Leasing and Financial Services (IL&FS) on Thursday said it has addressed aggregate group debt of Rs 43,000 crore so far and expects to cross Rs 51,000 crore by September 2021.

Honda Motorcycle & Scooter sets up separate biz vertical for exports

The firm said it has set up an overseas business vertical to spearhead its exports from the country

Flipkart to acquire online travel and tech company Cleartrip

Cleartrip will continue to operate as a separate brand, retaining all employees, says Flipkart

Great Learning focuses on job readiness of students, looks to raise $60 mn

Great Learning, an online education site, is focused on an optimal combination of process, technology and people