Page 2689 - Company News

NDMC show-cause notice to Le Meridien Hotel for continuing trade activity

The New Delhi Municipal Council has issued a show-cause notice to the Le Meridien Hotel for allegedly operating restaurants, lodging house and other licensable trade activities

Blackstone in talks to acquire a minority stake in Sify Technologies

Sify's American depositary receipts rose 6.7 per cent in pre-market trading on Friday in the US. The company had a market value of about $484 million as of Thursday

Muthoot Finance chairman Mathai George Muthoot passes away at 71

MG George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family.

Rising fuel costs could put IndiGo's yields under further pressure

The company could, however, increase its market share due to supply constraints

Earnings impact, valuation concerns for Capco deal to weigh on Wipro stock

Intent to scale up BFSI portfolio is positive but analysts see integration and execution risks

A peek into start-up incubation drive of India's next-rung campuses

Many enterprises with formidable products have come from the country's deeper regions and have received parenting at lesser-known institutes

Multiplex major PVR plans mega release, set to launch 40 screens in FY22

The move comes as film producers line up big releases between April and December

A bitter pill: Domestic pharma market growth slides to 1.1% in February

Recovery slow, top drug firms post muted growth in February

India Inc goes slow on local bonds as rates rise, investors turn sceptical

CFOs say they are looking at other avenues for raising funds in the coming months as dollar bond rates are lower in the range of 100 to 250 basis points

Real estate, travel and tourism blues hit India's consumption story

Experts say despite the revival in the sales of essential goods, several sectors are continuing to drag private consumption down.

IndiGrid to buy NER II Transmission from Sterlite Power for Rs 4,625 cr

Investment trust IndiGrid on Friday inked an agreement to acquire 100 per cent equity stake in NER II Transmission

Different contract types can ease LNG price volatility: Shell Asia's Shah

Shell India bullish on Indian LNG and natural gas demand

Video streaming giants, Bollywood worried about backlash in India

Amazon has decided to delay streaming a new season of a popular Hindi spy thriller, The Family Man, which was to release last month

Wipro's Capco deal: A good target but the devil lies in the execution

Is CEO Thierry Delaporte's attempt to bolster Wipro's presence in the BFSI space by acquiring Capco for $1.45 billion a step taken too soon?

Tata Steel backs new global framework for decarbonising heavy industries

Tata Steel said it has joined a network of heavy industries and civil society groups that will provide a global framework for decarbonising heavy industries as part of the Covid-19 recovery plan.

Mobile firms urge govt to create policies to compete with countries

Mobile manufacturers on Friday requested the government to come up with policies that focus on competition with countries and not companies, sectoral industry body ICEA said in a statement.

ICICI Lombard board approves Rs 4/share interim dividend for FY21

ICICI Lombard General Insurance has approved an interim dividend of Rs 4 per share for the current fiscal in the midst of a pandemic year

MTAR Technologies IPO subscribed over 200 times on final day of bidding

The issue received total bids for 1.46 billion shares as against 7.26 million shares on the offer, according to subscription data available on the exchanges

Optiemus Infracom completes Rs 285-cr asset sale, to focus on mobile mfg

Optiemus is one of 16 entities whose proposal under the PLI scheme has been approved by the government

Coal India board approves second interim dividend of Rs 5 per share

The date of payment of interim dividend is on and from March 24