Page 2640 - Company News

Morgan Stanley India Infra invests $21 mn in connectivity solutions co iBus

iBus serves 4 mn customers in 10 cities. It currently deploys its infra at 233 commercial, residential and retail sites across the country

Startup PumPumPum gets Rs 5.5 cr to expand used car leasing business

Company says it plans to expand to 15 cities in five years, lure millennials for clients.

ChrysCapital invests $50 mn for minority stake in WOW Skin Science India

Founded in 2014 by brothers Manish and Karan Chowdhary, WOW Skin Science is one of India's fastest growing new-age beauty and personal care brands

50 mtpa capacity expansion plan is going in right direction: Ambuja Cement

Ambuja is evaluating brownfield expansions in Bhatapara and Maratha plants

PE-VC exits from Indian companies at two-year high after Covid-19 setback

The first quarter of 2021 saw the highest number of exits, both in terms of value and volume, in the past five quarters

With support from govt, India can dominate bicycle industry: Pankaj Munjal

Hero Cycles chief says growth in India is limited, wants PLI scheme for his industry

True North sells Policy Bazaar stake to Serum Institute, four others

True North disclosed neither the quantum of stake sold nor the value

J&J in talks with Centre for trial of single-shot Covid-19 vaccine

Russia's Sputnik V is another contender to get approval from the Indian drug regulator

Home appliance, auto firms fear localised lockdowns will hit festive sales

Real estate companies remain optimistic on strong order book

L&T's arm bags order to set up solar power project in Saudi Arabia

The renewables arm of Larsen & Toubro's Power Transmission & Distribution Business has bagged an order to set up Sudair solar power project of 1.5 GW in Riyadh province of Saudi Arabia

Show-cause notice to VIL over not paying licence fee in 7 circles for Q4

The telecom department has issued a show-cause notice to Vodafone Idea Ltd (VIL) over non-payment of licence fee for the fourth quarter of FY2020-21, with regard to some circles, sources said

EV start-ups feel the spark of recovery, kick-start post-pandemic biz plans

Overall, the past year has forced the EV industry to think differently in terms of so­u­rcing components

Beating Coronavirus blues: Bikanervala charts new growth path with Bikano

With snacks brand Bikano growing 30 per cent, the group is now breaking the Rajasthani stereotype

Siemens ties up with Hinduja Group for electric vehicle charging infra

Siemens Limited and the Hinduja group's Switch Mobility Automotive Limited have signed a Memorandum of Understanding (MoU) to play in the electric commercial vehicles segment

Mahindra reaffirms faith in South African market with new facility

Mahindra South Africa has reaffirmed its faith in the South African market by opening a new national parts warehouse that is a third larger than its old facility

Deepak Kochhar's NuPower Renewables blames bank loan default on MSEDCL

The company dodged paying its principal amount and has held non-receipt of dues from Maharashtra State Electricity Distribution Company (MSEDCL) for the default

A soaring flight plan: Bird Group eyes Air India's ground handling arm

The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs

Cyclical stocks to lead India Inc's earnings growth in fourth quarter

The country's top brokerages expect Nifty50 companies to report a combined net profit of Rs 1.2 trillion in Q4FY21, translating into year-on-year growth of 142 per cent from Rs 49,645 crore a year ago

Near-term growth woes for Titan after strong jewellery-powered Q4

Product mix and salary reinstatement could put pressure on margins

Fluctuating bond yields key risk for banks' profitability, NIMs in FY22

Valuations likely to take 13-23 per cent hit if rates increase by 100-200 bps, say analysts