Page 2704 - Company News

Reliance Industries shares rise nearly 1 pc after spin-off

Shares of Reliance Industries Ltd (RIL) rose nearly one per cent to close at Rs 2,024.25

NCLT rejects applications seeking copy of Jet Airways' resolution plan

In January, the Jet Airways Aircraft Maintenance and Engineers Workers Association (JAMEWA) had filed an application in the NCLT to expedite the insolvency process of the grounded airline

Sanofi India board approves special dividend of Rs 240 per share

The company reported net profit of Rs 123 cr for the quarter ended December, 31 2020, an increase of 27% from year-ago period

Online assessment firm Mercer Mettl sees 2021 as year of strong growth

The firm said it expects 2021 to be a year of strong growth for the company with most of the economic activities coming out of pandemic

State-run REC raises $500 million through issuance of notes

The firm has raised the money through issuance of notes (bonds) under its $7 billion Global Medium Term Note Programme which would be used to finance the power sector

Aon India's survey projects 7.7% salary hike in 2021 against 6.1% in 2020

Fewer companies plan to give zero increment

To end reliance on China, Indian pharma firms go local for raw materials

Though India is known as the pharmacy of the world for its massive production capacities of both generic drugs and vaccines, China accounted for half of its API needs in 2019

Large real estate players double market share amid recovery: ICRA

The residential realty sector is witnessing a K-shaped recovery, credit rating agency ICRA said on Tuesday

Reliance's proposed business reorganisation credit neutral: Fitch

Fitch Ratings said on Tuesday the proposed reorganisation plan by Reliance Industries Ltd (RIL) is credit neutral

Indian pharma firms go local seeking to end reliance on China

Disruption to supplies from China due to the Covid-19 pandemic was also a major factor

Federal Bank aims 'mid-teen' growth in credit for fiscal 2022

The firm is aiming for an acceleration in credit growth into 'mid-teen' figures in 2021-22

Top headlines: RIL to spin off O2C biz; Airtel, Qualcomm tie up in 5G boost

Former Trai chief Rahul Khullar passed away Tuesday morning, Amazon India has partnered with Mahindra Electric to add more electric vehicles to its fleet, and other top news of the day

Sun Pharma to launch complete range of generic anti-epilepsy drug

The firm said it plans to introduce a complete range of anti-epilepsy drug Brivaracetam in the country at an affordable price

Hyundai unveils Ioniq 5 electric crossover, expects EV demand jump

The company says the model is based on a new electric vehicle-only platform that uses its own battery module technology and requires fewer components than Hyundai's existing electric cars

20% of Indian firms to adopt connected cloud strategies by 2023

Enterprises in India are leveraging cloud for objectives beyond business continuity, an IDC report said on Tuesday

Gati-KWE to process cargo loads of 100 trucks a day at new Delhi facility

The proposed facility is designed to process cargo loads of almost 100 trucks a day

Shantanu Mitra to rejoin Temasek-backed Fullerton India as CEO

Rajashree Nambiar stepped down as MD & CEO in January 2021 after a three-year stint to pursue outside interests

Bharat Forge jumps over 4% after firm inks pact with Paramount Group

The stock gained 4.05 per cent to Rs 612 apiece on the BSE. On the NSE, it rose by 4.12 per cent to Rs 612.85

Airtel partners with Qualcomm for virtualised, Open RAN-based 5G networks

Airtel is also looking to collaborate with Qualcomm for 5G Fixed Wireless Access (FWA) to deliver broadband connectivity at Gigabit speeds to homes and businesses

S&P assigns BBB-minus to Bharti Airtel's proposed senior unsecured notes

S & P Global Ratings on Tuesday assigned BBB negative long-term issue rating to senior unsecured notes that Bharti Airtel Ltd proposes to issue