Page 2680 - Company News

BPCL bullish on clean fuel, aims at raise CNG sale share to 15% in 4-5 yrs

PSU oil marketing company BPCL is aiming big to expand its footprint in clean fuel space and looking to set up an infrastructure to tap the growing market for electric and gas-based mobility

Kesoram's Rs 2063 cr debt raising via NCDs and OCDs at stiff coupon rates

The company informed bourses that it has also raised Rs 1,603 crore via NCDs with maturity in February 2026, and optionally convertible debentures amounting to Rs 459 crore

PhonePe cements position as leading UPI app, WhatsApp falls behind

UPI, India's flagship payments platform, recorded 2.29 billion transactions worth Rs 4.25 trillion in February.

Govt's 16.12% share sale in Tata Comm gets 'great response' on day 1

The government's share sale of 16.12 per cent stake in Tata Communications Ltd received "great response" from institutional investors, DIPAM Secretary Tuhin Kanta Pandey said on Tuesday.

Zomato to soon deliver dietary, skin supplements, says CEO Deepinder Goyal

In a tweet, Goyal said: "Functional foods.. coming soon to your favourite food app. @zomato".

Kalyan Jewellers IPO subscribed 60% on Day 1: All you need to know

The initial public offer of Kalyan Jewellers India was subscribed 60 per cent on the first day of subscription on Tuesday

Infra investment trust IndiGrid plans to raise up to Rs 5,300 cr

A meeting of the board of directors of IndiGrid Investment Managers Ltd acting in the capacity of Investment Manager to IndiGrid was held on Tuesday

Carlyle to sell 4% stake in SBI Cards

The shares are being offered in a range between Rs 981.8 and Rs 1,022 apiece

Bharat Forge to undertake electric vehicle biz through wholly-owned unit

As an initial step, the company has decided to acquire newly formed group firm Kalyani Powertrain Pvt Ltd (KPPL), Bharat Forge said in a regulatory filing

TCS looks for talent on the cloud, to create an algorithm-based marketplace

Firm has reimagined its HR strategy with a clear focus on skills

Noida firm moves Delhi HC, seeks stay on Trai rules on scrubbing messages

Regulations by the Telecom Regulatory Authority of India (Trai) require companies to register templates of their commercial text messages

Insurance firms told not to alter health products to raise premium

Insurance companies can carry out minor modifications in their products, said Insurance Regulatory and Development Authority of India (IRDAI)

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

Govt sells stake in Tata Communications, OFS fully subscribed

The offer for sale will fetch the government about Rs 5,500 crore.

Gland Pharma inks pact to supply 252 mn doses of Sputnik V Covid vaccine

The production is expected to commence from the third quarter of 2021 for estimated delivery starting from the fourth quarter of 2021

IOC to sell hydrogen plants to monetise non-core assets

The firm plans to sell hydrogen generating plants at its oil refineries to monetise non-core assets

Emami enters processed food with soya chunks

The company is eyeing 10-15% of the West Bengal market in the next 2-3 years

Fitch affirms IIFL Finance's rating at 'B+'; outlook stable

Fitch sees sufficient headroom at the current rating to absorb further downside risk, says the ratings agency

International tech firm Startek announces $30 mn investment in CSS Corp

Startek employs over 18,000 people in India across BPM centres and 40,000 in 13 countries.

Indian steel firms to cut Rs 35,000 cr debt between FY21, FY22: Crisil

The outstanding debt of steelmakers is pegged at Rs 2.15 trillion at end of March 2020