Page 2714 - Company News

Aditya Mittal appointed ArcelorMittal CEO; father to be executive chairman

Aditya Mittal is now president, chief financial officer (CFO) and chief executive officer (CEO) ArcelorMittal Europe.

NHPC reports 50% rise in net profit to Rs 961 crore for Dec quarter

State-owned hydropower giant NHPC reported a 50 per cent rise in its consolidated net profit to Rs961.64 crore for the December quarter.

Infosys to invest additional $1 million in ideaForge Technology

IT services major Infosys on Thursday said it will invest an additional USD 1 million (about Rs 7.2 crore) in ideaForge Technology, a UAV systems manufacturing company.

Amazon moves Supreme Court in battle over $3.4 billion Future-Reliance deal

A New Delhi court this week dealt a blow to the U.S. firm by revoking a previous court decision that effectively blocked the deal

Budget 2021-22 proposal on digital tax likely to land up in court

Foreign players in a fix as they will now come under levy's ambit

Cap on airline capacity extended till 31 Mar, but fares may rise up to 30%

For flights with duration of 90 to 120 minutes the lower fare cap has been increased to Rs 3,900 from Rs 3,500 whereas the cap on maximum chargeable fare has been increased to Rs 13,000 from Rs 10,000

State-owned RailTel IPO priced between Rs 93-94, offers 87 million shares

At the upper end of the price band, the IPO size works out to Rs 819 crore

Poonawalla's buyout to aid Magma Fincorp's expansion plans: Analysts

With Poonawalla taking control and fortunes of Magma Fincorp (MFL) expected to change, investors rushed to buy the latter's shares which were locked in the 10 per cent upper circuit band

Lower margins let down Titan despite demand gains in December quarter

January sales indicates strong growth momentum in the current quarter

Ujjivan, Equitas small finance banks turn tricky bet amid mounting NPA woes

Equitas and Ujjivan posted proforma NPA of 4.16 per cent and 4.8 per cent respectively in Q3, highest ever in many years

Data traffic in India increased 60 times in 5 years, says Nokia report

The research showed that 4G alone constituted nearly 99 per cent of the total data traffic consumed across the country in 2020.

Kalrock-Jalan consortium confident of getting NCLT nod for Jet revival plan

The consortium wants to restart Jet Airways as a full service airline with bases in Mumbai, Delhi and Bengaluru

Demand revival to sustain healthy revenue growth for tyre makers

After a strong Q3, margins may come under pressure due to rising raw material costs

Lenders sell Mallya's entire stake in Mangalore Chemicals and Fertilisers

The shares were sold in the stock markets and the proceeds will be used to retire part of bank dues

Covid-19 drugs among top-selling brands for pharma players in India

Data shows that cumulative sales of remdesivir was Rs 510 crore in January 2021, while for favipiravir it was Rs 471 crore

Ola ropes in ABB to deploy robots at its electric scooter factory

Ola's factory will create 10,000 jobs and serve as the company's global manufacturing hub for India and international markets

ITC adjusted profit falls 3.7% to Rs 3,662 crore, declares interim dividend

Revenues from operations was up by 6 per cent to Rs 14,124.48 crore from Rs 13,307.54 crore in the year ago period

India set to see a median increase in salaries of 7% in 2021: Survey

Pharma, tech and consumer products to see highest sectoral increases

TVS Group files scheme of amalgamation involving holding companies

Family agreement in December spelled shareholding on families that run the $8.5 billion group.

Players like Udaan may disrupt $1 trn consumer retail market: Bernstein

Udaan's GMV has increased from about $0.6 billion ARR in December 2018 to around $2.1 billion ARR in December 2020, according to US-based research powerhouse Bernstein