Page 2701 - Company News
Domestic can manufacturers face quality restrictions amid pandemic woes
With govt looking to impose quality control orders on imported can components, manufacturers may have to shut shop as costs will hit the roof amid supply shortage
 "Domestic can manufacturers face quality restrictions amid pandemic woes")
Ola expects Phase 1 production of two-wheelers from TN site in few months
Ola says the factory will have initial capacity of 2 million units a year in Phase 1
 "Ola expects Phase 1 production of two-wheelers from TN site in few months")
Edtech player Doubtnut raises Rs 224 cr for vernacular base expansion
DIG, James Murdoch's Lupa Systems and and existing investors Sequoia, Omidyar Network and Waterbridge Ventures participate in funding
 "Edtech player Doubtnut raises Rs 224 cr for vernacular base expansion")
Startek announces $185mn debt refinancing with term loan, revolving credit
Borrowings under new senior debt will bear tiered interest rate, based on Startek's consolidated net leverage ratio and is initially set at Libor plus 450 bps
 "Startek announces $185mn debt refinancing with term loan, revolving credit")
Bharti AXA Life boosts protection cover segment to expand footprint
The firm has enriched the protection cover segment with the benefits of 'Quit Smoking' and 'Stay Fit' in its life cover solution Bharti AXA Life Flexi Term Pro
 "Bharti AXA Life boosts protection cover segment to expand footprint")
Mahindra sells its entire stake in First Choice Services to TVS Automobile
It has also sold its entire stake of optionally convertible redeemable preference shares in Auto Digitech, a wholly-owned arm of Mahindra Holdings for Rs 13.5 crore to TVS
 "Mahindra sells its entire stake in First Choice Services to TVS Automobile")
20 yrs of India operations: HMSI crosses sales milestone of 7 mn units
Honda Motorcycle and Scooter India on Thursday said it has crossed the cumulative sales milestone in north India in its 20th year of operations in the country
 "20 yrs of India operations: HMSI crosses sales milestone of 7 mn units")
Security concerns must be addressed in virtual board meetings: Sebi chief
Sebi chairman Ajay Tyagi on Thursday said confidentiality and security concerns of virtual board meets need to be addressed
 "Security concerns must be addressed in virtual board meetings: Sebi chief")
Bharti Airtel raises $1.25 bn through issue of dual tranche $ bond offering
Airtel has priced $750 million of senior 10.25-year bonds at a yield after adding 187.5 basis points (bps) over the US Treasury, for an implied coupon of 3.25 per cent
 "Bharti Airtel raises $1.25 bn through issue of dual tranche $ bond offering")
Ashok Leyland to acquire Nissan International's 38% stake in Hinduja Tech
The company proposes to acquire 58,500,000 shares held by Nissan International Holding B.V to make it as a wholly-owned subsidiary of the Company
 "Ashok Leyland to acquire Nissan International's 38% stake in Hinduja Tech")
Alliance Air to commence flights betweeb Bilaspur-Delhi from March
Continuing efforts to bolster regional connectivity across India, Alliance Air will add Bilaspur in its service network as the 45th destination, the airline said
 "Alliance Air to commence flights betweeb Bilaspur-Delhi from March")
Professionals confident about progress despite uncertainties: Survey
Professionals in India are confident about their career progress despite growing uncertainties about the job market and financial future in the current environment, says a survey.
 "Professionals confident about progress despite uncertainties: Survey")
Weak Q3 show, margin pressures to keep Sanofi stock under pressure
Growth led by power brands and new launches could recover as pandemic impact wanes
 "Weak Q3 show, margin pressures to keep Sanofi stock under pressure")
Pure-play protection plans second fiddle to savings plan for life insurers
Growth in recent times is led by savings products, poised to give better returns that bank FDs
 "Pure-play protection plans second fiddle to savings plan for life insurers")
Aditya Birla Fashion steps up presence in ethnic wear after Sabyasachi deal
Ties up with designer Tarun Tahiliani; second deal in a month
 "Aditya Birla Fashion steps up presence in ethnic wear after Sabyasachi deal")
India's consumption market likely to triple by 2030, says BCG report
The consumption spurt will be driven by urbanisation, higher disposable incomes, and nuclear families
 "India's consumption market likely to triple by 2030, says BCG report")
India among largest growth contributors in 2020: Reckitt Benckiser
The British fast moving consumer goods giant today reported 11.8 percent topline growth for the year
 "India among largest growth contributors in 2020: Reckitt Benckiser")
Voda rejigs board, nominates Sood, Massidda as additional directors
The rejig comes ahead of Vi's planned fund raising to help the company upgrade its network and meet the debt obligations
 "Voda rejigs board, nominates Sood, Massidda as additional directors")
Natural gas under GST regime likely to benefit tile manufacturers
Cheaper gas prices to reduce power & fuel cost and propel margins, say analysts
 "Natural gas under GST regime likely to benefit tile manufacturers")
Goldman-backed ReNew Power to list on NASDAQ at $8 billion valuation
To partner with RMG Acquisition Corporation for private investment in public equity
 "Goldman-backed ReNew Power to list on NASDAQ at $8 billion valuation")