Page 2635 - Company News

Change in tax structure prompted India Inc to favour buybacks again in FY21

In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous financial year

Zomato's Goyal takes a dig at Swiggy; Mumbai clarifies rules on delivery

Maharashtra Chief Minister Uddhav Thackeray has announced a curfew in the State, except for essential services

E-commerce firms witness 2X rise in orders, gear up for second Covid wave

States such as Maharashtra and Delhi, which reported most cases, have taken the lead in terms of the demand from customers ordering essentials and groceries online

Religare Finvest to default on Rs 100 crore NCD payment obligation

Religare Enterprises on Wednesday said its arm Religare Finvest Limited will default on Rs 100 crore NCD payment obligation later this month to subscriber Axis Bank

IFC to invest $100 mn in JC Flowers India fund to help resolve NPAs

International Finance Corporation (IFC) is a World Bank Group entity

Malls' revenues to remain lower than pre-Covid levels this fiscal: Report

Despite a healthy rise expected in their toplines this fiscal on a lower base, malls' revenues will still be up to a fifth lower than the quantum seen before the pandemic, a report said on Wednesday.

Syska to distribute LED bulbs in rural areas for Rs 10 under Gram Ujala

Both Syska and CESL will share half the cost and the revenue arising from the sale of carbon credits

Bharti Airtel rejigs corporate structure to sharpen focus on digital

Airtel Payments Bank will remain a separate entity under Bharti Airtel; all of Airtel's infrastructure businesses will continue to remain as separate entities

Amazon moves SC against HC stay order restraining Future-Reliance deal

Future Retail says it got communication from Amazon that it has filed Special Leave Petition before Supreme Court

K Madhavan elevated as President of Walt Disney Company India, Star India

The Walt Disney Company India and Star India on Wednesday elevated K Madhavan naming him the president of both the firms, effective immediately.

Apple orders 'Louis Armstrong' documentary from Imagine Documentaries

Apple Original Films has ordered a documentary on jazz legend Louis Armstrong from Brian Grazer and Ron Howard's Imagine Documentaries

SIAM hails government's decision to extend FAME II certificate validity

Auto industry body SIAM on Wednesday termed the government's move to extend the FAME II certification validity by one year as a step in the right direction

JSW Steel completes acquisition of 31% stake in Italy's GSI Lucchini SpA

JSW Steel's Italian subsidiary has completed the acquisition of remaining 30.73 per cent stake in GSI Lucchini SpA of Italy for one million euros

Future Enterprises defaults on non-convertible debentures' interest payment

Future Enterprises Ltd (FEL) has defaulted on payment of interest on non-convertible debentures (NCDs)

IFC plans to invest about $20 mn in PE Faering Capital's Faering III fund

International Finance Corporation (IFC) has proposed an equity investment up to $20 million into Faering Capital International Growth Fund III or Faering III

Walt Disney names K Madhavan as India unit chief after Uday Shankar's exit

As president of Walt Disney and Star India, Madhavan will drive strategy and growth, with responsibility for all businesses

India's Covid vaccination drive hangs in balance, and so does the world's

When the pandemic ends, it will be with the tremendous assistance of India's pharmaceutical industry.

Discovered small fields: Govt may extend bank guarantee relaxation

Officials in the know say this re­laxation was given during the first wave of the Covid-19 pandemic

Bharti Airtel to leverage existing 4G network assets to offer 5G service

Telco to opt for non-standalone 5G network technology; capex requirement to reduce

Users can move Oversight Board to remove harmful content from FB, Instagram

This new capability, long-sought by advocates of independent content moderation, represents an important step toward delivering a more principled and transparent model of content moderation