Page 2717 - Company News
Profits, credit quality of firms in India recovering 6 months faster: S&P
Profits and credit quality of firms rated by S&P Global Ratings in India, China and Pacific are recovering about six months faster than the agency anticipated with reducing downside risk to ratings
 "Profits, credit quality of firms in India recovering 6 months faster: S&P")
Tata Starbucks CEO Navin Gurnaney to step down; Sushant Dash to take over
Sushant Dash will take over as CEO from May 1, 2021, the company announced on Wednesday
 "Tata Starbucks CEO Navin Gurnaney to step down; Sushant Dash to take over")
Tata Consultancy Services to recruit 1,500 tech staff in UK next year
India's largest software services firm Tata Consultancy Services (TCS) on Wednesday said it will recruit 1,500 technology employees across the UK over the next year
 "Tata Consultancy Services to recruit 1,500 tech staff in UK next year")
OTT consumption grew 13% in 2020, led by sports: RedSeer Consulting
Net Promoter Score is a metric dependent on content library, quality of content, pricing and overall app/web experience offered
 "OTT consumption grew 13% in 2020, led by sports: RedSeer Consulting")
Tata Consultancy Services, Wockhardt lead UK's big Indian investment wins
Tata Consultancy Services (TCS) and pharmaceuticals and biotech major Wockhardt are among the big investment wins being celebrated in the UK
 "Tata Consultancy Services, Wockhardt lead UK's big Indian investment wins")
IndiGo parent InterGlobe Aviation settles case with Sebi amid promoter feud
The company has settled the matter "without admitting or denying any violation on its part," by paying a settlement charge of Rs 2.1 crore, according to a Sebi order
 "IndiGo parent InterGlobe Aviation settles case with Sebi amid promoter feud")
Top headlines: New rules on holding firms unclear, Ruia's EoI for Air India
From New Budget rules on holding firms queering the pitch for sovereign, pension funds to Pawan Ruia's EoI for Air India, Business Standard brings you the top headlines at this hour
 "Top headlines: New rules on holding firms unclear, Ruia's EoI for Air India")
From MX TakaTak to Roposo, TikTok's Indian clones play a tough catch-up
Local contenders have cashed in on the Chinese short video app's exit but acquiring the scale to sustain themselves will be a huge challenge going forward
 "From MX TakaTak to Roposo, TikTok's Indian clones play a tough catch-up")
Sales of Maruti's CNG variants move in top gear amid spike in fuel prices
Improving network of CNG and increase in number of cities where natural gas is now available have also been fuelling growth, company says
 "Sales of Maruti's CNG variants move in top gear amid spike in fuel prices")
SAIL spend on mines infructuous; laxity high in safety measures: CAG report
State-owned firm neither applied technical due diligence nor did techno-commercial study to assess viability before allotment of its two captive coal blocks, says report
 "SAIL spend on mines infructuous; laxity high in safety measures: CAG report")
Poor connection for Sun TV investors even as firm gets tougher on content
Persistent weakness in advertising revenue, challenging outlook may drag company's earnings
 "Poor connection for Sun TV investors even as firm gets tougher on content")
Weak US outlook in near term, higher costs to weigh on Torrent Pharma
While the stock has corrected, valuations leave little room for upside
 "Weak US outlook in near term, higher costs to weigh on Torrent Pharma")
Virescent floats first solar InvIT, places 400 Mw assets under pvt trust
InvIT to hold nine solar energy projects of 400 MWp in five states; definitive agreements signed for 76 MWp
 "Virescent floats first solar InvIT, places 400 Mw assets under pvt trust")
IndiGo Airlines operator InterGloble settles row with Sebi, pays Rs 2.1 cr
The matter pertains to alleged violation of disclosure norms pertaining to related party transactions between the company and IGE Group, controlled by co-founder Rahul Bhatia
 "IndiGo Airlines operator InterGloble settles row with Sebi, pays Rs 2.1 cr")
IndusInd Bank stock on the rise as demand for commercial vehicle recovers
The bank's stock price has more than doubled in six months, standing at Rs 1,026 a share
 "IndusInd Bank stock on the rise as demand for commercial vehicle recovers")
Kotak raises $380 mn in eleventh realty fund, total mop-up crosses $2.2 bn
Latest fund set up as AIF, will target early-stage and late-stage projects in residential, commercial, retail, warehousing and hospitality sectors
 "Kotak raises $380 mn in eleventh realty fund, total mop-up crosses $2.2 bn")
Airtel, Jio, Vodafone Idea queue up to participate in 4G spectrum auction
However, the reservation was more on the high price of 5G spectrum, which hasn't made the cut in the upcoming tender
 "Airtel, Jio, Vodafone Idea queue up to participate in 4G spectrum auction")
Explained: How India lost out on 5G network leadership opportunity
Over 140 operators in 63 countries already run commercial 5G services, according to the Global mobile Suppliers' Association
 "Explained: How India lost out on 5G network leadership opportunity")
Cairn Energy CEO Thomson to meet FM next week over arbitration award
Decision comes in the wake of Indian govt's plan to appeal against the award that went against it
 "Cairn Energy CEO Thomson to meet FM next week over arbitration award")
Cipla plans to double share from consumer health business in 5 years
Transitioning brands from prescription and trade generics to over-the-counter
 "Cipla plans to double share from consumer health business in 5 years")