Page 2706 - Company News

Improved earnings visibility, debt pruning boost shares of Varun Beverages

Volume recovery, expansion in new geographies and debt reduction are key positives

Blue Dart: Near-term margins to stay elevated, upside could be limited

Record Q3 performance helps sustain stock price which is up 146 per cent over the last six months

Sannareddy's share holdings in Megasoft reclassified under public category

Ravindra Sannareddy promoted Megasoft in 1999 and has been instrumental in the growth of the Company, to opt out of Promoter category.

Want new factory to make car chips? That'll be $4 billion, please

It takes approximately $4 billion to set up a fab for the types of chips carmakers need

Proceedings before NCLT allowed, barring the final order, clarifies FRL

The Supreme Court earlier today ordered the NCLT not to pass a final order on the Future-Reliance deal

State-owned Life Insurance Corp launches new plan Bima Jyoti

The plan is a non-linked, non-participating, individual, savings plan offering a combination of protection and savings

Rail PSU invites private players to be part of 'roll-on roll-off' service

Railway PSU DFCCIL has floated a tender inviting private players to be part of a roll-off, roll-on service

Airtel, L&T and TCS to see huge passive inflows as global indices rejig

Apollo Hospitals, Honeywell Automation and Adani Total Gas may see buying due to their entry in FTSE All world index; MSCI rebalancing expected to take place Friday, could spur inflows of over $250 mn

Airtel to decide on foreign currency bonds post meet with investors

The firm said it will meet global fixed income investors on or after February 23

Vedanta chief financial officer G R Arun Kumar resigns

The firm made the announcement on Monday

Worldwide smartphone sales down 5% in Q4, but Apple back on top: Gartner

Overall, global sales of smartphones declined 12.5 per cent in full year 2020

Religare scam: Anticipatory bail plea of former director dismissed

A Delhi court has dismissed an anticipatory bail plea of Avinash Chander Mahajan, former independent director of Religare Finvest Ltd

Dailybasket calls BigBasket a bully for serving it 'cease & desist' notice

Bigbasket's issue is with use of the word 'basket' by Coimbatore-based startup; the latter responds by creating website to counter the former's argument

Shriram Capital appoints K P Krishnan as Chairman, effective Feb 19

Krishnan comes with diverse experience of a little under four decades with the central and Karnataka governments

Unsecured loans come back to haunt private banks after 13-year gap

ICICI Bank, Axis, among others see rise 'proforma' slippages in Q3

INOX Air announces greenfield investment in industrial gases sector

Investment in line with Budget 2021's vision of accelerating growth in core sectors of manufacturing, infrastructure and healthcare

Coal India inks pact with CRIS for sharing of coal freight data

State-owned Coal India on Monday said it has signed a pact with the Centre for Railway Information Systems (CRIS), a wing under the railways ministry

Coal India signs MoU with Railways' CRIS to monitor freight movement

The mining giant said the information would help minimise the instances of under loading and overloading of rakes and untangles the knots benefitting CIL, Railways and consumers

L&T bags large contracts in power biz, ranging between Rs 2,500-5,000 cr

L&T is one of the leading EPC players globally in the renewables space with a track record of having built some of the largest solar plants

Jio climbs to the top, becomes largest telecom operator in Gujarat

Jio started its services in September 2016. By end of December 2020, it climbed to the top-most position in the circle