Page 2753 - Company News

Emaar India chief executive officer Ajay Munot steps down

Munot has resigned from the company to pursue his personal interest

Gujarat, APSEZ ink pact for country's largest multi-modal logistics park

Nearly 1,500 acres park to attract investments worth Rs 50,000 crore in logistics, transport

Not viable: Alphabet closing Loon, a balloon alternative to cell towers

Founded in 2011, Loon aimed to bring connectivity to areas of the world where building cell towers is too expensive or treacherous using balloons the length of tennis courts and solar-powered gear

Market reacts negatively to Biocon's weaker results, exit of biologics' MD

Analysts have raised doubts over the $1 billion guidance for biosimilars by FY22 and Hamacher's exit due to "professional differences"

Adani Total Gas, Torrent Gas invest in IGX, acquire 5% stake each

The IGX is an arm of IEX and first authorised gas exchange in the country

HDFC stock falls after Sebi imposes Rs 1 cr fine for violating directions

On the BSE, shares of the private lender were trading at Rs 1,453.35 apiece, falling 1.39 per cent over the previous close

Apple, Google, other US business groups applaud Biden's immigration reforms

Apple CEO Tim Cook welcomed President Biden''s "commitment to pursuing comprehensive immigration reform that reflects the American values of justice, fairness and dignity"

Bandhan Bank: Problem of portfolio concentration tightens grip on lender

Dependence on microfinance loans for growth is steadily increasing, which poses a risk in present environment

Bajaj Finance has enough headroom to withstand moderate downside risks: S&P

BFL's credit costs will stay elevated at about 5 per cent in fiscal 2021 and improve to 2.5-2.7 per cent of total loans in fiscal 2022

Falling cash flow: AirAsia Group to raise $113 mn via private placement

AirAsia said it will continue to explore other fundraising options or corporate proposals to improve the group's financial performance in the longer term

Kunal Shah backs OnePlus co-founder Carl Pei's consumer electronics company

Carl Pei, the Swedish tech entrepreneur, is working on a stealth project that he plans to unveil this month

Telcos miffed about new communication security certification rules

Say new security testing norms for mobiles, telecom equipment will increase costs

Sensex at 50,000 just a psychological mark, be watchful, say experts

Gush of foreign money chasing equities and valuations well past the earlier high makes a ripe case for profit booking

IDBI Bank takes prompt corrective action; all eyes now on Q3 results

The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away

Jindal Steel to enter container making biz to address domestic shortages

The company plans to manufacture containers at a price point lower than the landed cost of imported boxes

Tech played critical role in booming India-US bilateral trade: Nasscom

The Indian tech industry makes significant contributions to the US economy and workforce

OTT platforms tying up with telecom companies to expand their market

According to industry estimates, the number of screens in the country would hit 1 billion to 1.1 billion by 2025

Institutional investments record a sharp rebound in 2020, shows data

While more than half of the Rs 36,500-crore investment materialised in the last quarter, limited number deals indicate a narrow-based recovery so far.

Q3 mined zinc production in India rises 4% to 244,000 tonnes: Vedanta

The integrated metal production was 2,35,000 tonnes for Q3 FY21, up 7 per cent as compared to Q3 FY20

Average apartment size in the top 7 cities grows 10% in 2020: Report

The year 2017 saw the maximum decline. Apartment size fell from an average of 1,440 sq. ft in 2016 to 1,260 sq. ft in 2017