Page 2694 - Company News
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.
 "Policybazaar IPO in 12-15 mos; parent firm gets boost from Bay Capital")
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
 "Adani Ports to acquire 31.5% stake in Gangavaram Port for Rs 1,954 cr")
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
 "TCS, Infosys, Accenture to cover Covid vaccine cost for eligible employees")
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%
 "Bajaj Electricals, Mahindra Logistics ink Rs 1,000 crore outsourcing deal")
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
 "Amazon, Google, Facebook vie for a piece of India's digital payments market")
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
 "Kalpataru Power Transmission bags orders worth Rs 1,554 cr")
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
 "LT Foods' stock gains over 2% after ratings upgrade on bank loan facilities")
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
 "PayPal to hire over 1,000 engineers for India development centres in 2021")
NCLT upholds Doha Bank plea, Reliance Infratel to get 100% recovery
National Company Law Tribunal (NCLT) has upheld the petition of Doha Bank resulting in 100% recovery for the Financial Creditors of Reliance Infratel Ltd. (RITL), aggregating to Rs 3,515 crore
 "NCLT upholds Doha Bank plea, Reliance Infratel to get 100% recovery")
SpiceJet, WheelTug tie up for electric taxi system production slots
Budget carrier SpiceJet on Wednesday said it has tied-up with WheelTug Plc for reserving 400 production slots for the electric taxi system
 "SpiceJet, WheelTug tie up for electric taxi system production slots")
Generic Engineering Construction bags construction orders worth Rs 81 cr
The company has been awarded with new work orders worth Rs 80.80 crore (including GST) for various institutional projects from new reputed clients
 "Generic Engineering Construction bags construction orders worth Rs 81 cr")
Deliveries of compact SUV Renault Kiger to start today, check details here
Kiger will come with two front airbags for the driver and front-seat passenger, along with the two side airbags. Both front seats get seat belt reminder alerts for enhanced safety
 "Deliveries of compact SUV Renault Kiger to start today, check details here")
The sachetisation of video watching: Tech companies snap up market
Papavassilopoulos reckons that from $900 million in 2020, advertisers are expected to spend $2 billion in 2025 on video-on-demand in India
 "The sachetisation of video watching: Tech companies snap up market")
Top headlines: India Inc earnings estimate upgrade, India woos Tesla
Reliance Jio has bagged more than 50 per cent of the total quantum of airwaves sold by paying Rs 57,122.65 crore. Of the 855.6 megahertz of spectrum sold, Jio has got 488 megahertz
 "Top headlines: India Inc earnings estimate upgrade, India woos Tesla")
Amazon issues rare apology after complaints that series hurt Hindu beliefs
Amazon's Prime Video streaming service issued a rare apology to its Indian viewers for some scenes in its original political drama series "Tandav", which allegedly offended Hindu religious beliefs
 "Amazon issues rare apology after complaints that series hurt Hindu beliefs")
Cipla's Gulf arm to sell 4 biosimilar medicines in Australia, New Zealand
Cipla stock went up by almost 3 per cent on Tuesday
 "Cipla's Gulf arm to sell 4 biosimilar medicines in Australia, New Zealand")
Suzuki Motor charges up for EVs, spells out strategy for the first time
The Japanese auto major spells out its strategy for the first time and puts its India subsidiary at the centre of its plans
 "Suzuki Motor charges up for EVs, spells out strategy for the first time")
Half of telecom spectrum sold goes to Reliance Jio at Rs 57,122 crore
DoT may garner Rs 20,000 crore as upfront payment in FY21
 "Half of telecom spectrum sold goes to Reliance Jio at Rs 57,122 crore")
Earnings estimates of India Inc see upgrade after strong Q3 results
Analysts at top brokerages raise FY21-FY23 estimates by 5-6%
New launches, market share gains to sustain Gland Pharma's sales trajectory
Earnings are expected to grow over 25 per cent over the next two years
 "New launches, market share gains to sustain Gland Pharma's sales trajectory")