Page 2764 - Company News

Adani Green's promoter sells company's shares worth over Rs 1,840 cr

Adani Trading Services LLP, a promoter entity of Adani Green, on Wednesday sold 2 crore shares of Adani Green Energy Ltd worth over Rs 1,840 through open market transactions.

Essar-Progressive Energy JV to develop UK's first low carbon hydrogen hub

The production hub will deliver clean energy to industry in the HyNet 'low carbon cluster', as well as for domestic and transport purposes

Amazon takes on edtech cos Byju's, Unacademy with launch of Amazon Academy

Live lessons help students strengthen their JEE preparation. They can also track their progress over time, identify strong and weak areas, get insights on overall test-taking strategy

Coal India increases capex by 30% for current fiscal year to Rs 13,000 cr

Move in line with Centre's directive to increase expenditure for economic revival

Honda puts the brakes on growth plans as scooter sales slow in India

Honda's scooter sales plunged 37 per cent year-on-year to 1,447,002 units in the first eight months of FY21

Over Rs 950-crore tax evasion by Flipkart unit, Swiggy: I-T department

Tax concealment in case of Walmart-owned Flipkart's unit is about Rs 650 crore while the remaining estimation is related to Swiggy, said a tax official privy to the preliminary findings

Infosys posts 16.6% net profit growth in Dec quarter, revises FY21 guidance

Large deals, digital growth drives outperformance

Nestle's outlook crunchy as ever, room for firm to go deeper into rural mkt

Focus on innovation, market share and product premiumisation seen boosting growth

Record deal wins offer revenue visibility for Infosys in next 3 quarters

While double-digit growth in FY22 is a given, near term margins could come under pressure

Govt to sell up to 10% in SAIL via OFS, may fetch Rs 2,600 crore

On offer are 206.5 million shares, or 5% of company's stock, at a floor price of Rs 64 a share, with option to sell another 5% if issue is oversubscribed

Covid-19 vaccine makers divided on indemnity ahead of vaccination drive

Govt unlikely to take a shot at Covid-19 vaccine liability, say legal experts

Mahindra lays off two-thirds of staff at its North American subsidiary

Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency

Telegram crosses 500-mn subscriber mark led by user additions in Asia

Telegram crossed 500-million subscriber mark globally and added 25 million new users in the last few days as it gained ground amid the controversy over WhatsApp's latest privacy policy update.

Paytm says could turn profitable in 2021 as Covid-19 earns it users

Vijay Shekhar Sharma said the crisis had forced more merchants to use PayTM's platforms as businesses were forced to accept digital payments

Motilal Oswal's real estate arm to raise Rs 800 crore via fifth fund

The fund has been set up as an alternate investment fund, firm expects to achieve first close by March and conclude fundraising in the next 6-9 months

Tiger Global, others buy $50 mn shares from existing investors of Unacademy

The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment

Paytm Money to offer F&O trading, eyes facilitating turnover of Rs 1.5 trn

The platform - which also offers services around stocks, direct mutual funds, ETF, IPO, NPS, and digital gold - is focussed on bringing wealth services to 100 million Indians

Hike in FPI limit, improving outlook positive signals for Bharti Airtel

Shares of the telecom operator hit a seven-month high of Rs 601.8 on BSE

Sterlite Power says Ricardo Zangirolami, its CEO in Brazil, resigned

He will be replaced by Amitabh Prasad in February, according to a statement

Indian Oil cancels LNG import tender due to higher prices: Report

Indian Oil Corp has cancelled its tender to import liquefied natural gas (LNG) for delivery in mid February due to higher prices, two trade sources familiar with the matter said.