Page 2761 - Company News
Deal wins, digital demand put IT companies back on growth track
Margins too surprised positively on higher offshoring and utilisation
 "Deal wins, digital demand put IT companies back on growth track")
Public sector IPOs warm up to anchor investors a decade down the line
Centre for the first time exercises provision for IRFC issue
 "Public sector IPOs warm up to anchor investors a decade down the line")
Mahindra Group registers interest to seek Covid-19 vaccines for employees
Diversified Mahindra Group on Friday said it has registered interest to seek COVID-19 vaccines for its employees, as per priorities and sequence to be specified by the government.
 "Mahindra Group registers interest to seek Covid-19 vaccines for employees")
Second-hand car business on high speed in India amid Covid-19 pandemic
The pandemic has accelerated the second-hand car business to the point of a demand-supply imbalance
 "Second-hand car business on high speed in India amid Covid-19 pandemic")
Retail book of SAIL OFS subscribed 2.4 times, shares end 4.4% higher
Following share sale, govt's stake in SAIL will decline by 10 percentage points from current 75%
 "Retail book of SAIL OFS subscribed 2.4 times, shares end 4.4% higher")
Gas distribution giant GAIL announces Rs 1,046.35 cr share buyback
GAIL looks to return surplus cash to shareholders, the biggest being the government of India
 "Gas distribution giant GAIL announces Rs 1,046.35 cr share buyback")
Info Edge stock rides high on hopes of economic revival, Zomato IPO
Shares have rallied 42% since November to a record high of Rs 5,876.05 on Jan 6, before taking a breather
 "Info Edge stock rides high on hopes of economic revival, Zomato IPO")
Pharma industry has risen to occasion during the pandemic: Satish Reddy
He said the crisis itself presented the industry with several opportunities and allowed us to think differently
 "Pharma industry has risen to occasion during the pandemic: Satish Reddy")
Adani, GMR, Godrej eye revamp of Chhatrapati Shivaji railway station
Project cost pegged at Rs 1,642 crore for creating a City Centre Rail Mall
 "Adani, GMR, Godrej eye revamp of Chhatrapati Shivaji railway station")
HCL Tech Q3 net profit up 31%, crosses $10-bn revenue milestone in 2020
Revenue is expected to grow 2-3 per cent in constant currency terms in Q4 while EBIT outlook for FY21 is now 21-21.5 per cent, up from 20-21% announced previously
 "HCL Tech Q3 net profit up 31%, crosses $10-bn revenue milestone in 2020")
Inclusion in USTR report on notorious mkts list is ill-informed: Snapdeal
Snapdeal, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy
 "Inclusion in USTR report on notorious mkts list is ill-informed: Snapdeal")
PFC's Rs 5K-cr bond issue subscribed 94%; likely to close on Monday
State-run Power Finance Corporation's Rs 5,000 crore taxable non-convertible debentures issue was subscribed 94 per cent on the first day on Friday and is likely to close on Monday, a source said.
 "PFC's Rs 5K-cr bond issue subscribed 94%; likely to close on Monday")
Telecom giant Bharti Airtel divests stake in Seynse Technologies
Telecom operator Bharti Airtel has divested its stake in Seynse Technologies, according to a regulatory filing
 "Telecom giant Bharti Airtel divests stake in Seynse Technologies")
Exclusive interview: Huawei India CEO on 5G auctions, pandemic challenges
Nivedita Mookerji of Business Standard met the Huawei India CEO, David Li, in New Delhi to talk about the company's plans for 2021
 "Exclusive interview: Huawei India CEO on 5G auctions, pandemic challenges")
Embassy REIT raises Rs 2,600 cr via debentures to refinance existing debt
Embassy Office Parks REIT to refinance an existing debt of its IT park 'Embassy TechVillage' in Bengaluru
 "Embassy REIT raises Rs 2,600 cr via debentures to refinance existing debt")
New rules for H-1B visa mild negative for Indian IT services: ICRA
The proposed changes in H-1B application selection process are prospective in nature but will have a minor adverse impact on the margins of Indian IT services companies, ICRA said
 "New rules for H-1B visa mild negative for Indian IT services: ICRA")
Ind-Ra downgrades Safety Controls & Devices to 'BB' with negative outlook
India Ratings and Research (Ind-Ra) has downgraded Safety Controls & Devices Pvt Ltd's (SCDPL's) long-term issuer rating to BB with a negative outlook from BB-plus
 "Ind-Ra downgrades Safety Controls & Devices to 'BB' with negative outlook")
Strides Pharma Science arm gets USFDA nod for HIV treatment medicine
Strides Pharma Science said its step-down wholly-owned subsidiary, has received approval from the USFDA for Emtricitabine and Tenofovir Disoproxil Fumarate tablets, used to treat HIV
 "Strides Pharma Science arm gets USFDA nod for HIV treatment medicine")
Possible gas leak caused death of 4 workers at Rourkela Steel plant
The deaths of the four workers in the "suspected gas leakage" incident at the coal chemical unit of Odisha's Rourkela Steel Plant in Odisha was possibly due to exposure to a pocket of toxic gas
 "Possible gas leak caused death of 4 workers at Rourkela Steel plant")
Snapdeal, 4 Indian shopping complexes figure in US Notorious Markets List
Snapdeal, along with four Indian shopping complexes, two of them in New Delhi alone, have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy