Page 2651 - Company News

Tata Motors completes transfer of defence biz to TASL for Rs 227.7 cr

Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore.

3i Infotech appoints Thompson Gnanam as new managing director, global CEO

3i Infotech Ltd on Thursday said Thompson Gnanam has been appointed as the company's managing director and global CEO, with immediate effect.

L&T Technology Services announces Amit Chadha as CEO & MD

Chadha's overall career spans over two decades in core engineering and information technology outsourcing

Wipro takes over Metro-NOM GMBH, Metro Systems Romania for 52.04 mn euros

IT services major Wipro on Thursday said it has completed the takeover of Metro-NOM GMBH and Metro Systems Romania SRL for 52.04 million euros (about Rs 448.6 crore)

Major auto firms log robust sales in March on pent up demand

Shift towards personal mobility also helped companies post robust sales

Amit Chadha takes charge as MD and CEO of L&T Technology Services

Prior to his elevation, Chadha was serving as the deputy CEO and whole-time board member

Hero MotoCorp sell 576,957 units in March on recovery in consumer demand

In March this year, the company registered highest-ever sales in Global Business in a single month by clocking 32,617 units

Debt-laden IL&FS announces completion of 49% stake sale in China road asset

The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018)

Paytm says recorded 1.4 billion transactions in March

The firm said it continues to register, on average, 15% month-on-month growth

TVS Motor domestic two-wheeler sales double to over 200,000 units in March

Firm posts healthy rise in sales across categories; posts robust export show as well

OYO to cover Covid-19 vaccination cost for employees, family in India

The company, however, did not provide any details about the number of employees it has in India

Subhash Kumar takes additional charge as ONGC CMD

Kumar is also the firm's director (finance) and has over 36 years of experience in diverse activities across the Exploration & Production value chain

Mastercard to invest about Rs 733 crore in Airtel Africa's mobile money biz

Sources privy to the development said Mastercard would get about 3.75 per cent stake in the company

NMDC output up 65%, sales jump 51% despite pandemic, inoperative Donimalai

Production and sales in March were the highest ever in the company's history

M&M reports sale of 40,403 units in March, exports stand at 2,126 units

The company had dispatched 6,679 units in March 2020 amid sales disruptions due to Covid-19 pandemic

Walmart's PhonePe leads UPI payments, crosses 1 bn transactions in March

The development comes at a time when UPI has broken a new record, crossing Rs 5 trillion in value in March across 2.73 billion transactions

MG Motor India sees retail sales of 5,528 units in March on robust demand

'The highest monthly sales achieved in March 2021 are very encouraging with momentum continuing for our product lines', said the chairman

Bharat Electronics achieves record turnover of Rs 13,500 cr during 2020-21

BEL achieved export sales of around $50 million during 2020-21

Covid-19 second wave to hit Gems and Jewellery; auto dealers: Crisil

Six of 42 sectors covered by study are highly sensitive to a pandemic resurgence, while 20 are moderately sensitive

Ashok Leyland M&HCV truck sales grew over 10-fold in March

Analysts say increase in infrastructure spending, improved consumer sentiments, better freight rates are some of the key drivers of the superior show.