Page 2716 - Company News

Godrej Properties plans to raise Rs 3,750 crore via QIP for land parcel buy

Looks to raise Rs 3,750 crore; board has cleared proposal for fundraise

Small towns outpace tier-1 cities for shopping as Covid pushes e-commerce

E-commerce grew by 36% and 30% YoY in terms of volume and value respectively in Oct-Dec 2020, according to a report by Unicommerce and Kearney

Sushant Dash elevated as Tata Starbucks' CEO, takes over on May 1

Incumbent Navin Gurnaney steps down; Dash will be fourth CEO to manage chain's India biz since it first launched in Oct 2012

Vodafone Idea's 4G network speed fastest in October-December: Ookla

According to Ookla, this makes Vi the only telco deli­vering fastest speed consist­ently over a six-month period on a pan-India basis

4G spectrum auction: Reliance Jio makes the highest earnest deposit

Airtel is right behind Jio in terms of deposit money, followed by Vodafone Idea (Vi) with the least submission

Can Koo pull off a coup in India as the govt-Twitter spat escalates?

Praised by PM Modi himself and pitched by several other ministers, it app attracts 2-3 million daily active users and has achieved 3 mn downloads in nine months

Investors may be overplaying Muthoot Finance's growth prospects

Pace of new customer addition is slowing; lending to existing customers is on the rise

Higher staff, input costs to keep Eicher Motor margins under pressure

The pace of volume recovery could be key in the coming quarters

Adar Poonawalla-backed firm takes over Magma Fincorp in Rs 3,456 cr deal

The company, which has a fledgeling NBFC arm called Poonawalla Finance which lends mostly to professionals, said the acquisition will be done through a group company called Rising Sun Holdings

GAIL expects to end sales of its US-sourced LNG locally from 2023

By Nidhi Verma

Royal Enfield may look at hiking prices in April over commodities

Niche bike maker Royal Enfield may look at hiking prices from April in view of rising commodity prices, a top company official said on Wednesday.

CCI approves acquisition of Varian Medical Systems by Siemens Healthineers

The Competition Commission of India (CCI) on Wednesday said it has given nod to acquisition of 100 per cent shares and sole control of Varian Medical Systems by Siemens Healthineers.

PNB inks deal with Indian Oil to provide up to Rs 2 cr loan to dealers

The firm has inked a pact with Indian Oil Corporation to provide up to Rs 2 crore to the oil company's dealers

Toyota hikes profit forecast 54%, shrugs off global chip supply issues

Toyota Motor Corp said on Wednesday it has an up to four-month stockpile of chips

Ports bill to help develop faster decision-making process: Essar Ports

The Major Ports Authorities Bill passed by Parliament on Wednesday will help develop a faster and transparent decision making process, Essar Ports said

JSW Group to scale up JSW One as tech-based biz platform, enter e-commerce

May invest Rs 500-700 cr on e-commerce platform, extend JSW One platform to influencers in home-construction biz such as contractors, masons, engineers, architects, painters

Sharechat-owned video app Moj partners with Snap Inc for Snapchat lenses

Under the deal, Moj's team will access Snapchat's Lens Carousel directly inside the app when creating content; Moj will develop more than 400 lenses over multiple phases for its community

Air India privatisation: Pawan Ruia takes a shot at aviation with EoI

Once known as a 'turnaround tycoon', Ruia was knocked off that pedestal after the firms he acquired went into liquidation

Power Mech Projects secures four orders worth Rs 1,068 crore

Power Mech Projects on Wednesday said it has bagged four different orders worth Rs 1,068.36 crore

Expect to meet Sitharaman on arbitration award next week, says Cairn CEO

Last month, the Edinburg-based firm had written to the govt saying it would be forced to seize Indian government assets if New Delhi fails to pay it $1.4 bn