Page 2670 - Company News

Wait for car models gets longer as chip shortage deepens in industry

Car dealers are losing 20 per cent of their monthly sales as models can't be supplied on time, says industry association.

Despite price hike, Maruti Suzuki's margin may be hit in April quarter

Company can afford to pass on cost of increasing cost of metal prices, but investors will now put it under watch of analysts

Breezy summer ahead for consumer durables financiers, say analysts

Strong product demand is expected to drive loan book of lenders

Tech spend in 2021 to be better than last 2 years: Nasscom survey

Over 70 per cent chief executives expect global spend to grow over 4 per cent; recovery to be led by digital segment

Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr

Early this month, the company announced the acquisition of Warburg Pincus's 31.5 per cent stake in GPL for Rs 1,954 crore

Overhang looming on NCR residential real estate market, says ICRA

With unsold inventory surging to around 222 million sq.ft across 170,000 units and annual absorption plunging under 15 per cent

Hero MotoCorp to increase prices by up to Rs 2,500 from April 1

The price increase across the range of two-wheelers will be up to Rs 2,500, and the exact quantum of the increase will vary on the basis of the model and the specific market

Govt to sell up to 15% stake in Rail Vikas Nigam through OFS on Wednesday

The floor price for the sale has been fixed at Rs 27.50/ share.

Jet Airways: Kalrock-Jalan consortium seeks task force on airport slots

The consortium has made this request in its affidavit before the National Law Company Tribunal

ACME Solar plans to invest $2.5 billion in Oman green ammonia unit

ACME has a pilot at work in Rajasthan for producing green hydrogen and ammonia

India's military set to get its own version of the iconic US Army Humvee

Mahindras will supply 1,300 of light-specialist vehicles for Rs 1,056 crore

FMCG major RB rebrands itself as Reckitt while retaining company's heritage

British FMCG major RB Plc on Tuesday said it has rebranded itself as Reckitt while retaining "company's heritage".

Saudi Aramco hints talks are on with RIL for O2C business: Morgan Stanley

Recently, Reliance Industries announced carving out of the O2C business as a separate subsidiary to support strategic partnerships

Indian footwear makers' topline to grow 25% in FY22 on low base: Report

After revenue contraction by over a fifth in the pandemic-impacted FY21, the Indian footwear sector can look forward to a 25 per cent jump in toplines in FY22

SME-focused startup Flobiz raises $10 million from Elevation, others

Flobiz said it has raised $10 million (about Rs 72.5 crore) in a series-A round from Elevation Capital and existing investors Greenoaks Capital and Beenext

Bharti Airtel picks up stake in Avaada's solar company

Stake acquired under group captive arrangement, to source 21 MW

Cipla board approves reappointment of Umang Vohra as MD & Global CEO

Pharma major Cipla on Tuesday said its board hasapproved the re-appointment of Umang Vohra as the Managing Director and Global CEO of the company for a further period of five years.

Airtel Africa to sell 1,424 towers to Helios for $119 million

Airtel Africa will sell 1,424 towers in Madagascar and Malawi to Helios Towers for USD 119 million, Bharti Airtel said in a regulatory filing.

NCLAT closes insolvency proceedings against Jyoti Ltd after settlement

NCLAT has shut the insolvency proceedings initiated against motor and generator manufacturing company Jyoti Ltd

Coal India wants to take part in solar energy auctions: Chairman

Coal India Ltd, the world's largest coal miner, could venture into solar wafer manufacturing