Page 2776 - Company News

Top two-wheeler firms see December dispatches rise 7.6% year-on-year

The increase came on back of last year's low base

Cognizant India net profit declines 11.4% to Rs 5,455 crore in FY20

Net profit declined 11.4 per cent to Rs 5,455 crore in FY20 from Rs 6,160 crore in FY19

Reliance denies allegations of engaging in contract farming, buying land

RIL has moved the Punjab and Harayana High Court seeking action against destruction of its telecom assets

Nissan adds third shift to reduce waiting time for its new SUV Magnite

Employs 1,000 hands at factory and more staff at the dealerships towards this end. Plans to export the car to Indonesia and South Africa

Zomato's revenue doubles to Rs 2,743 cr, losses up 138% to Rs 2,386 cr

The Deepinder Goyal-led firm's total expenses for the fiscal were reported as Rs 5,006 crore. Zomato is gearing up for an IPO this year

Not a penny to equity holders as DHFL bidders value firm's shares at zero

Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings

Sun Pharma starts phase 2 trial for drug to treat plaque psoriasis

Sun Pharma on Monday said it has initiated Phase 2 clinical trial for a product being developed to treat patients with moderate to severe plaque psoriasis.

Jaykay Enterprises enters into a Joint Venture with Germany-based EOS

Jaykay Enterprises, a part of diversified JK Group, on Monday said it has entered into a joint venture partnership

Nissan to ramp up production, hire 1000 workers at Chennai car plant

Nissan plans to boost production to up to 4,000 cars a month from 2,700 cars currently

Jain Housing raises Rs 175 crore from Apollo Global and Nippon Life

The company, which has been in constructing residential apartments and complexes for over 33 years, will use the proceeds to reduce its debts

Marico witnesses faster recovery in consumer sentiment, strong Q3

FMCG major Marico said it has witnessed faster than expected recovery in consumer sentiment in India and a strong performance in the third quarter this fiscal

2021 will be year of reinvention and regeneration: Anand Mahindra

Mahindra group has emerged stronger from the Covid-19 crisis, Anand Mahindra said

All-round performance is fuelling the rally in Tata Consumer Products

Top performer on the Nifty FMCG index; Up 86 per cent in last 12 months

Jindal Steel and Power posts record sales, production numbers in December

Private steel maker Jindal Steel and Power Ltd (JSPL) on Monday posted a record 30 per cent jump in its standalone production and 25 per cent growth in sales during December 2020

Reliance Jio moves Punjab, Haryana HC; seeks intervention to stop vandalism

Reliance Jio, in a petition mentioned to be filed in Punjab and Haryana High Court, has sought urgent intervention of authorities to bring a complete stop to illegal acts of vandalism by miscreants

RIL approaches Pb & Hry HC seeking end to vandalism of Jio towers in Punjab

Petition states that RIL has not done any 'corporate' or contract farming in the past and has no intention of doing so in the future

Bajaj Auto reports 11% rise in sales to 372,532 units in December 2020

Bajaj Auto on Monday reported an 11 per cent increase in total sales at 372,532 units in December 2020

Bharat Biotech: A journey that started with a scientist's return to India

First a scientist and then a businessman, founder chairman Krishna Ella quit his faculty position at the Medical University of South Carolina in Charleston, United States, in 1996 to return to India

ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel

Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors

A jab at risk: Serum's quest to lead the world in Covid-19 vaccine race

It took a chance by ramping up capacity on vaccines when they were yet to be approved and is set to emerge a global winner