Page 2656 - Company News

Tata Motors reports sale of 66,609 units in domestic market in March

Total passenger vehicle sales last month stood at 29,654 units. The company had sold 5,676 units in March 2020

India's largest carmaker Maruti Suzuki reports March sale at 167,014 units

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported total sales of 1,67,014 units in March

Indian Oil Corp prepares to make vehicles run on clean hydrogen in 2022

IOC's R&D division is also in the process of closing a tender to generate clean hydrogen and demonstrate running of vehicles with this fuel

PLI deadline: Device makers likely to knock on PMO door for extension

The scheme was the first among the 10 new PLI schemes across various sectors which was announced last September

Tata Consumer to divest stake in US-based Empirical Group, Southern Tea

Tata Consumer Products Ltd (TCPL) on Thursday announced exit from its two US-based joint ventures by selling its stake to the JV partner Harris Tea Company LLC

Apollo LogiSolutions ties up with Indigo for new vaccine delivery platform

The company is also in talks with vaccine makers - Serum Institute of India, Bharat Biotech, Zydus Cadilla and Aurobindo Pharma for vaccine supplies

Toyota Kirloskar sells 15,001 units in March, highest in the month in 8 yrs

Toyota Kirloskar Motor on Thursday said it sold a total of 15,001 units in March, registering the highest ever domestic sales in the month of March since 2013

Indiabulls Housing Finance says CRISIL has upgraded outlook to stable

Agency affirms company's long-term credit rating of "AA" and short term of "A1+"

Hindustan Aeronautics denies having business links with Myanmar's military

Hindustan Aeronautics Limited (HAL) has denied having any business links with the military forces in Myanmar

Wipro to acquire Australian cybersecurity provider Ampion for $117 million

Ampion was formed through the merger of IT services providers Revolution IT and Shelde

Data breach allegations: MobiKwik forensic audit gets moving on RBI order

Payments firm says working closely with requisite authorities to conduct independent audit

SBI inks $1-bn loan agreement with Japan Bank for International Cooperation

This takes the total facility to $2 bn, including $1 bn, which was signed last year in Oct 2020

Manipal Hospitals to sell minority stake to NIIF for Rs 2,100 crore

The amount raised would be partly used to fund the company's acquisition of Columbia Asia Hospitals' India business

Market share gains to support volume growth for Varun Beverages

Amid restrictions, the company is banking on higher in-home consumption, new launches to drive sales

Second Covid-19 wave and lockdown lesser disruptors for banking sector

Valuations may not correct much here on as Street factors for less than 10 per cent growth for FY22

Pay structure of employees won't change as Centre defers new wage code

Move due to ongoing elections and states not coming out with their own rules on the codes

Indian tech services can touch revenues of $300-350 bn in next 5 years

According to a report by McKinsey & Company for Nasscom titled 'Future of Technology Services-Winning in this decade', tech spending is only going to be intensified in the next decade

Hindustan Aeronautics logs record Rs 22,700 cr in top line on IAF dues

Until last year, the IAF's failure to pay HAL for aircraft already delivered to it had forced the company to turn to bank borrowings to pay employees' salaries

InMobi plans $1-billion IPO on Nasdaq by the end of fourth quarter

According to the sources, the company is approaching merchant bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan, and it expects to finalise the line-up quickly

SP Group's debt recast gets KV Kamath Committee, lenders approval

As part of the OTR plan, the Shapoorji Pallonji group has agreed to sell key assets, including its stakes in Eureka Forbes, Sterling and Wilson and land parcels, to raise Rs 10k cr and repay its loans