Page 2646 - Company News

FPIs increase exposure in Tata Steel, SAIL on surge in steel prices

In Tata Steel, FPI holding was up by 5.69% and in SAIL by 0.93% between October and December; in JSPL and JSW Steel, it was marginally down by 0.72% and 0.03%, respectively

Ronnie Screwvala's upGrad breaches Rs 1,200-crore annual revenue rate

Clocks revenue of Rs 100 cr in March; set to acquire two start-ups to strengthen presence in higher education sector

Adani Ports invests Rs 2,800 cr to up stake in Krishnapatnam Port to 100%

Acquires balance 25% Vishwasamudra Holdings' stake

Zydus seeks DCGI nod for add'l indication of Hep C drug in Covid-19 therapy

In a likely breakthrough, interim results indicate that PegIFN when administered early on, could help patients recover faster and avoid complications seen in advanced Covid stages

Macrotech Developers to reduce debt by 24% to Rs 12,700 crore after IPO

He said the company's net debt for India business is Rs 16,700 crore as of December 31, 2020. "Our debt will come down to Rs 12,700 crore after the IPO".

Serum Institute, Bharat Biotech to speed up Covid-19 vaccine production

This comes after govt panel visits facilities of SII and Bharat Biotech

E-commerce, food delivery cos studying Maharashtra lockdown rules for staff

The current government guidelines allow only people above the age of 45 to get vaccinated

CareerLabs raises $2.2 mn from Rocket Internet's VC fund GFC, others

Profile building startup CareerLabs on Monday said it has secured USD 2.2 million in a new financing round led by Rocket Internet's VC fund Global Founders Capital to scale its platform.

Consumer goods major Marico bets on double-digit volume growth in Q4

Marico expects low double-digit bottom line growth in Q4.

Meesho becomes unicorn after SoftBank-led $300-million fundraise

Social commerce opportunity in India is pegged at $16-20 billion by 2025

Panacea Biotec to make 100 mn doses of Sputnik V for global markets

More players like Serum Institute expected to join the fray to make Sputnik V

Maruti Suzuki production rises significantly to 1,72,433 units in March

The country's largest carmaker Maruti Suzuki India on Monday said its total production in March 2021 increased significantly to 1,72,433 units over the same month last year.

Paytm reaches 15 million monthly users mark on its Mini App Store

Fintech major Paytm on Monday said over 600 apps have been featured on its Mini App Store with more than 15 million monthly users coming to the platform.

Govt amends insolvency law; introduces pre-packaged resolution for MSMEs

Seeking to provide a quicker and value-maximising outcome for stressed MSMEs, the government has introduced a pre-packaged resolution process for such enterprises by amending the insolvency law.

Slot allotment issue to be resolved soon: Jet Airways' stakeholders to NCLT

The civil aviation ministry, regulator DGCA and winning bidder Jalan-Kalrock consortium on Monday informed the NCLT that the issue of allotment of slots to the airline is expected to be resolved soon.

Radiance Renewables buys Azure's solar rooftop assets for Rs 536 cr

This is one of the largest acquisitions of rooftop solar assets in India, the company said

SBI, HDFC Ltd announce end to concessional loan offers

SBI had a special offer in March that offered home loans started from 6.7 per cent.

ReadyAssist plans to provide EV assistance across 5,000 locations in India

Start-up roadside assistance firm ReadyAssist on Monday said it plans to provide its service to electric vehicles (EV) across 5,000 locations in India.

Marico expects to deliver low double-digit bottomline growth in Q4

Marico said it has witnessed healthy momentum building across its key portfolios and expects low double-digit bottomline growth in the fourth quarter last fiscal after being impacted by the pandemic

Auto major Hyundai crosses 1 million sales mark for SUVs made in India

South Korean auto major Hyundai on Monday said it has crossed 10 lakh cumulative sales milestone of SUVs made in India.