Page 2676 - Company News
Accenture's investment in Cloud-based technology pays off, say analysts
Accenture has, over the last year, doubled down on its digital services by aggressively investing in cloud-based technology, which has paid off for the company
 "Accenture's investment in Cloud-based technology pays off, say analysts")
Hero Future Energies first USD Green Bond fetches $3 billion orders
The company will use the proceeds of the proposed notes to subscribe to Indian rupee-denominated external commercial borrowing (INR ECB) bonds
 "Hero Future Energies first USD Green Bond fetches $3 billion orders")
Domestic flying to cost more as govt raises minimum fares by 5%
'There has been a continuous rise in the price of ATF so it has been decided to increase the lower fare band by 5 per cent keeping the upper fare band unchanged,' says civil aviation minister
 "Domestic flying to cost more as govt raises minimum fares by 5%")
Stelis Biopharma raises $195 mn for vaccination unit, contract business
Vaccine unit will manufacture up to 800 million doses of vaccines annually
 "Stelis Biopharma raises $195 mn for vaccination unit, contract business")
Stelis Biopharma to make 200 mn doses of Russia's Sputnik V Covid vaccine
Stelis will commence supplies from September quarter of 2021 and will also continue to work with RDIF to provide additional supply volumes beyond the initial agreement
 "Stelis Biopharma to make 200 mn doses of Russia's Sputnik V Covid vaccine")
Will supply more doses of AstraZeneca vaccine to UK later, says Serum
Senior officials in New Delhi confirmed that there was no ban on exports from India, and no plans to do so either.
 "Will supply more doses of AstraZeneca vaccine to UK later, says Serum")
Tata Steel, AM/NS India, ESL Steel may participate in NINL divestment
Sources said that Tata Steel is looking to step up its exposure in long products and is planning to submit an expression of interest
 "Tata Steel, AM/NS India, ESL Steel may participate in NINL divestment")
PGCIL to acquire 74% stake of JPVL in Jaypee POWERGRID for Rs 351 cr
State-run Power Grid Corporation (PGCIL) said it has signed a share purchase agreement with Jaiprakash Power Ventures to acquire 74 per cent stake in Jaypee POWERGRID Ltd (JPL) for Rs 351.64 crore.
 "PGCIL to acquire 74% stake of JPVL in Jaypee POWERGRID for Rs 351 cr")
Amazon packages delayed in Pune as report says delivery staff go on strike
Workers say company's new terms have reduced their earnings after lockdowns to contain the coronavirus.
 "Amazon packages delayed in Pune as report says delivery staff go on strike")
Tata Motors says Marc Llistosella not to join as CEO
Guenter Butschek will continue as CEO & MD till June 30, 2021
 "Tata Motors says Marc Llistosella not to join as CEO")
Loss-making cos can now pay remuneration to non-executive directors
Loss-making companies can now pay remuneration to their non-executive directors, including independent directors
 "Loss-making cos can now pay remuneration to non-executive directors")
Current moment in road to recovery: VC firm Sequoia tells founders and CEOs
Silicon Valley-based company says strong leadership that puts people first will continue to be critical
 "Current moment in road to recovery: VC firm Sequoia tells founders and CEOs")
Government sells 10% stake to exit Tata Communications in off-market trade
The government on Friday said it has exited Tata Communications after selling 10 per cent stake to Tata Sons' arm Panatone Finvest
 "Government sells 10% stake to exit Tata Communications in off-market trade")
Delhi HC order would have not come in way of NCLT proceedings: Future Group
The promoters will take appropriate remedies as advised over the directions passed by Justice J R Midha, Future Retail said in a regulatory filing
 "Delhi HC order would have not come in way of NCLT proceedings: Future Group")
India's Stelis Biopharma to make 200 mn doses of Sputnik V vaccine
India has now become one of the biggest producers of Sputnik V outside of Russia. Other countries that are producing it include South Korea, Brazil and China
Raising learning outcomes in backward areas linked to improving governance
KEF is working with the state and district officials to resolve many archaic, pre-colonial rules and procedures
 "Raising learning outcomes in backward areas linked to improving governance")
Progress on BPCL privatisation, but need for further clarity: Fitch Ratings
There is need for further clarity on the future of subsidies paid to BPCL customers on the sale of LPG, kerosene as well as the freedom on pricing of petrol, diesel before the divestment can conclude
 "Progress on BPCL privatisation, but need for further clarity: Fitch Ratings")
LIC employees protest in Ludhiana against insurance sector's FDI limit hike
LIC employees staged a protest in Ludhiana against the government's decision to raise the Foreign direct investment (FDI) limit in the insurance sector to 74 per cent and to bring an IPO of the LIC
 "LIC employees protest in Ludhiana against insurance sector's FDI limit hike")
Supreme Court approves SBI MF plan for Franklin Templeton schemes
The SC accepted the standard operating procedure statement prepared by SBI Funds Management for disposal of assets to unit holders in six Franklin Templeton debt schemes frozen on April 23, 2020
 "Supreme Court approves SBI MF plan for Franklin Templeton schemes")
In relief for Amazon, Delhi HC puts Future-Reliance deal on hold
The court held that Future Retail, Future Coupons (the promoter entity of Future Retail), founder and owner Kishore Biyani and others violated the Emergency
 "In relief for Amazon, Delhi HC puts Future-Reliance deal on hold")