Page 2731 - Company News
KKR-backed JB Chemicals scouts for acquisitions, plans to revamp business
With the former Cipla head at the helm, JB Chemicals now plans to diversify into paediatrics and respiratory
 "KKR-backed JB Chemicals scouts for acquisitions, plans to revamp business")
Tata Projects aims to close FY21 with a top line of Rs 12,000 crore
Himanshu Chaturvedi, chief strategy officer at Tata Projects, told Business Standard the firm was expected to close the financial year with an order book of Rs 55,000-60,000 crore
 "Tata Projects aims to close FY21 with a top line of Rs 12,000 crore")
Virtual yoga to empathy: Amazon scales up remote work culture innovations
The pandemic has prompted the e-commerce giant to double down on building innovations focused on improving remote work culture especially employee wellbeing, both mental and physical
 "Virtual yoga to empathy: Amazon scales up remote work culture innovations")
Godrej Properties expects Q4 FY21 to be 'blockbuster' in launches, sales
Godrej Properties will launch 12 housing projects during this quarter to expand business as it targets to clock record sales bookings this fiscal year
 "Godrej Properties expects Q4 FY21 to be 'blockbuster' in launches, sales")
PhonePe retains top position with 42% UPI market share in January
In January, on a month-on-month (MoM) basis, PhonePe saw its transactions go up by a little over 7 per cent and their value nearly 5 per cent
 "PhonePe retains top position with 42% UPI market share in January")
INOXAP bags contract for setting up ASU unit at AM/NS India's Hazira plant
Inox Air Products (INOXAP) said that the installation of the fifth ASU at Hazira will give shape to India's largest single operator onsite industrial gas complex on a build-own-operate (BOO) basis,
 "INOXAP bags contract for setting up ASU unit at AM/NS India's Hazira plant")
AstraZeneca's Covid-19 vaccine shows less effect against S Africa variant
Company has started adapting vaccine against variant, shot may be ready by autumn this year
 "AstraZeneca's Covid-19 vaccine shows less effect against S Africa variant")
Adani completes purchase of 23.5% stake in Mumbai International Airport
The deal marks a culmination of Adani Group's two-year quest to acquire a stake and gain control of the Mumbai airport.
 "Adani completes purchase of 23.5% stake in Mumbai International Airport")
Sushil Kumar Gupta resigns as chairman, managing director of Asian Hotels
His resignation has been accepted by the board of directors of the company, the company said
 "Sushil Kumar Gupta resigns as chairman, managing director of Asian Hotels")
Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among buyers
Reliance Industries has picked up two-thirds of its own new gas from KG-D6 block that was auctioned under new rules with state-owned GAIL and Royal Dutch Shell getting smaller volumes, sources said.
 "Reliance buys two-thirds of own gas from KG-D6; GAIL, Shell among buyers")
Lithuania a gateway for Indian firms to expand presence in Europe: Envoy
Lithuania is looking to broad-base ties with India in emerging high-growth areas like fintech, life sciences, digital technology and pharmaceuticals
 "Lithuania a gateway for Indian firms to expand presence in Europe: Envoy")
34 aerospace, defence firms plan to invest nearly Rs 2,500 cr in Karnataka
As many as 34 aerospace and defence firms have shown interest in investing in Karnataka to spur aviation business in the southern state, an official said on Sunday.
 "34 aerospace, defence firms plan to invest nearly Rs 2,500 cr in Karnataka")
Octro expands business overseas, says ban on game helping foreign firms
Online gaming company Octro has started expanding its business overseas after traction in its casino and card games, namely PlayRummy and Teen Patti, according to a senior company official.
 "Octro expands business overseas, says ban on game helping foreign firms")
ITC plans digital switch by crowd-sourcing systems, setting up core group
The core council, called DigiNext, will be led by chairman Sanjiv Puri to ideate and sponsor high impact digital interventions and harness synergies
 "ITC plans digital switch by crowd-sourcing systems, setting up core group")
DTH industry remains attractive in mid to long term, says Airtel CEO
DTH market proposition continues to be "attractive" in the medium to long run, Bharti Airtel CEO Gopal Vittal said
 "DTH industry remains attractive in mid to long term, says Airtel CEO")
Jubilant FoodWorks awaiting relaxations in dine-in curbs to ramp up growth
Jubilant FoodWorks is awaiting relaxations in dine-in restrictions imposed by the government for the restaurant industry similar to that for multiplexes to ramp up growth.
 "Jubilant FoodWorks awaiting relaxations in dine-in curbs to ramp up growth")
Consolidation in public sector oil firms may be back on table in FY22
The government may again revive the plan for further consolidation in the public sector oil companies
 "Consolidation in public sector oil firms may be back on table in FY22")
JK Cement third quarter net profit soars 74.8% to Rs 217 crore
The firm reported the jump in profit for the third quarter ended December 2020
 "JK Cement third quarter net profit soars 74.8% to Rs 217 crore")
PNB receives loan rejig requests of only Rs 12,000 crore, says PNB MD
Restructuring sought for corporate loans has been worth Rs 9,000 crore
 "PNB receives loan rejig requests of only Rs 12,000 crore, says PNB MD")
Without Reliance deal, future uncertain for Kishore Biyani's firms
This week, the Delhi High Court directed Biyani's flagship company to maintain the status quo on its Rs 24,713-crore deal to sell his business to Reliance
 "Without Reliance deal, future uncertain for Kishore Biyani's firms")