Page 2718 - Company News

Govt set to divest stake in defence PSUs Garden Reach, Mishra Dhatu

The government has already invited preliminary bids to sell its 26 per cent stake in BEML along with transfer of management control

Sales recovery, margin expansion mark Q3 revival for retail major Trent

Easing of lockdown restrictions, festival demand and jump in online sales aided the sales performance

Project pipeline, ongoing expansion offer revenue visibility for Divi's

Divi's Laboratories Q3 results: While top line growth was strong, margin performance stood out in the December quarter

Godrej Consumer: Q3 in sync with street, analysts positive on future

Healthy demand outlook and turnaround of Africa business key factors for the stock

InMobi Group's e-commerce model to mirror physical 'bazaar' feel

Glance, which currently provides a feed of entertainment, news, sports and video game oncent on mobile phone lock screens, has already garnered over 125 million users

Samsung India FY20 profit increases 88% to 2,902 cr; revenue up 7.6%

Samsung India had posted a net profit of Rs 1,540.10 crore in the financial year 2018-19

Mahindra shares touch a two-year high on strong Q3 show on two key fronts

Concerns remain on the company's weakening position in the UV segment

JSW Steel to raise $1 bn via dollar bonds for Bhushan acquisition, capex

Source says talks with firm are currently focused on structure of offering and seeking necessary approvals from RBI. Issue will be launched as early as this month

ReNew Power prices its green bonds at 4 per cent, say sources

The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by ReNew Power

Unicorn VerSe Innovation raises another $100 mn from global investors

The DailyHunt and Josh parent is now valued at $1.1 billion

Expansion remains priority, await direction from SC on Fortis plea: IHH

The group had acquired a 31 per cent controlling stake in Fortis in 2018, which triggered a mandatory open offer to acquire another 26 per cent of Fortis shares from the market

SoftBank-backed Grofers' revenue doubles to Rs 177 cr, loss widens by 42%

The company's total expenses for the fiscal were reported as Rs 814 crore

HCL Tech's one-time Rs 700 cr bonus for staff on crossing $10 bn revenue

Applies to employees who have spent a year with HCL; a large number of visas unused due to Covid

Jindal Stainless chalks out Rs 2,000-3,000 cr capex plan for next 2-3 yrs

Currently, Jindal Stainless' Odisha plant has a capacity of 1.1 million tonnes, while its Hisar plant is a 0.8 million tonne specialised product division

PE firm Advent International acquires 51% stake in ZCL Chemicals

ZCL is one of the fastest-growing manufacturers of specialty active pharmaceutical ingredients (APIs) and advanced intermediates

InMobi's revenue grew 12% to Rs 432 crore, losses up 41% to Rs 77 crore

The company's total expenses for the fiscal were reported as Rs 508 crore.

Defence ministry, BEL ink pact to procure ship-borne modern radio system

The deal is worth over Rs 1,000 crore

Watchmaker Titan expands portfolio, launches fitness gear brand TraQ

Country's largest watchmaker Titan has expanded its portfolio within the wearable category by launching its new smart fitness gear brand TraQ

Essar Shipping third quarter net loss widens to Rs 182 crore

Essar Shipping on Monday said its consolidated net loss widened to Rs 181.88 crore in the third quarter ended December 2020

January air traffic growth slows down to 3.5% sequentially: Icra

DGCA yet to release traffic data; in December domestic airlines flew 7.3 mn passengers with month-on-month growth of 15%