Page 2693 - Company News

IRCTC's shares pick up speed on marked revival in travel activity

The stock has advanced nearly 30 per cent since February this year

Axis Bank partners WhatsApp to offer basic banking services

Axis Bank on Wednesday said it will be available on popular social messaging app WhatsApp and will allow basic banking services, including account balance, and transactions history.

Upside for Tata Communications hinges on data growth, esp newer segments

Land monetisation could be a short term trigger

HDFC cuts interest rate on home loans by 5 basis points from March 4

The revised rate of 6.75% comes into effect today

Flying with just a cabin bag will be 10-15% cheaper: Check details

On a busy corporate route like Delhi-Mumbai, hand luggage fare can be cheaper by at least Rs 500-Rs 800.

Govt non-committal on Jet Airways' historical rights on flight slots

DGCA and Civil Aviation ministry informed the Mumbai bench of NCLT that Centre will favourably consider application of slots to revive the company

Airtel raises $750 mn via allotment of unsecured senior fixed rate notes

Telecom company Bharti Airtel on Wednesday said it has raised USD 750 million through allotment of 'unsecured senior fixed rate notes' to eligible investors

NTPC to snap 105 MW power supply to Sikkim for non-payment of dues

The outstanding beyond due date is now Rs 89 crore

Adani Enterprises becomes third group firm to hit Rs 1-trn market cap

Shares touched 52-week high of Rs 944.75 before closing 5.28% up on BSE

Supertech targets Rs 2,300 crore from sale of plots in three states

Realty firm Supertech Ltd on Wednesday said it will expand plotted development business and targets to sell plots worth Rs 2,300 crore this year in Uttar Pradesh, Haryana and Uttarakhand, as part of its plan to monetise land bank for retiring debt and completion of existing projects.

Govt may cut reserve price of spectrum ahead of the 5G auction: CLSA

Reserve price for future auction could be cut, says CLSA

Tabreed, IFC to invest $400 mn for cooling infra in India, Southeast Asia

The JV will invest in district cooling, trigeneration and cooling as a service offering with a primary focus on India followed by other South-East Asian countries

Policybazaar IPO in 12-15 mos; parent firm gets boost from Bay Capital

Leading online insurance policy aggregator Policybazaar.com has got a capital boost from investment management firm Bay Capital, ahead of its initial public offering (IPO) in the next 12-15 months.

Adani Ports to acquire 31.5% stake in Gangavaram Port for Rs 1,954 cr

Adani Ports is also in discussions with DVS Raju and Family for their 58.1 per cent stake in GPL; the latest acquisition expands APSEZ's market share to 30 per cent across 12 locations in India

TCS, Infosys, Accenture to cover Covid vaccine cost for eligible employees

Third phase of vaccinations for Covid-19 starting March 1 includes eligible citizens above 60 years of age and those between 45 and 59 years with specified co-morbidities

Bajaj Electricals, Mahindra Logistics ink Rs 1,000 crore outsourcing deal

Involves end-to-end redesign of Bajaj Electricals' logistics by Mahindra, with the twin aim of achieving enhanced and industry-best service levels, and cost saving of over 25%

Amazon, Google, Facebook vie for a piece of India's digital payments market

The companies are part of four consortia preparing to apply for licenses to operate retail payments and settlement systems in the country

Kalpataru Power Transmission bags orders worth Rs 1,554 cr

The company is currently executing several contracts in India, Africa, the Middle East, CIS, SAARC nations and Far East

LT Foods' stock gains over 2% after ratings upgrade on bank loan facilities

The credit ratings agency said that the upgrade reflects continuous improvement in group's business and financial risk profiles

PayPal to hire over 1,000 engineers for India development centres in 2021

The hiring will be for the firm's development centres across Bengaluru, Chennai, and Hyderabad