Page 2785 - Company News

Wary of British American Tobacco, govt may not budge on ITC stake sale

Fears a 2018-like episode when the foreign shareholder blocked proposal to issue Esops

Co-working player Smartworks to add 3 million sq ft office space in FY22

Several projects already under discussion, firm is also offering clients option to downsize or upsize across the geographies they operate in

Adani Ports crosses Rs 1 trillion-mark in market capitalisation

AICTPL raising first $300 million public dollar bond at lowest coupon size lends support

Adani Group's container terminal subsidiary raises $300 mn via dollar bonds

The issue witnessed participation from marquee investors with interests coming in from around 220 accounts and was oversubscribed by almost ten times

Office absorption up 52% in Q4 of CY20 on sequential basis: JLL report

While IT/ITeS continues to grab the lion's share, leasing activity is being driven by increased demand from sectors such as e-commerce, healthcare and FMCG

Replacement market helps tyre cos end 2020 with better capacity utilisation

While sales to original equipment manufacturers declined 16.3% year on year in FY20, the replacement market sales declined by a modest 2.6% over the same period

Flipkart Wholesale app logs 75% month-on-month growth in customer base

Flipkart Wholesale app, which currently offers fashion products to retailers in 23 cities, witnessed 75 per cent month-on-month growth in customer base since its launch in September

DLF's rental subsidiary plans to put 'One Horizon Center' in REIT

DCCDL is a JV between DLF - the largest publicly listed real estate company in India - and Singapore's sovereign wealth fund GIC

Apax Partners buys 3i Infotech's software product business for Rs 1,000 cr

The deal values the software business higher than the market capitalisation of the entire company (3i Infotech) which stands at around Rs 908 crore

Farmers' protest: Over 1,500 telecom towers damaged in Punjab, services hit

Power supply to towers that relay telecom signals was snapped and cables cut in several parts of the state as farmers vented their anger on the infrastructure owned by Mukesh Ambani's firm Jio

PNB completes IT integration of all branches of two merged entities

State-owned Punjab National Bank (PNB) on Monday said it has completed IT integration of all branches of erstwhile United Bank of India with itself.

LIC sells 2% stake in pvt lender ICICI Bank via open market transactions

Following the stake sale, LIC's holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier,

Skyways ties up with SpiceJet for Covid-19 vaccine transportation

Air freight forwarder Skyways Air Services on Monday said it has joined hands with budget carrier SpiceJet for transporting COVID-19 vaccine across India.

Tesla Inc to start with sales, manufacturing in India next year: Report

Tesla Inc will come to India early next year, country's transport minister Nitin Gadkari told national daily the Indian Express on Monday.

Start-up VoltUp partners with HPCL for battery swapping centres

Electric two and three wheeler battery swapping solutions start-up VoltUp on Monday said it has partnered with Hindustan Petroleum Corporation Ltd (HPCL) for opening battery swapping centres.

Decoded: Why Vodafone, Cairn retro tax cases are in for a long haul

The government sticking to its stand that bilateral investment treaties cannot override a nation's sovereign right to tax

Tata Power subsidiary inaugurates 5 kilowatt biogas plant in Bihar

TP Renewable Microgrid (TPRMG), a wholly-owned subsidiary of Tata Power inaugurated a 5 kilowatt (kW) bio-gas plant in Muzaffarpur, Bihar

Murugappa Group signs agreement for settling CG Power's dues, loan recast

Says CG Power's resolution of outstanding obligation towards its lenders has been completed by upfront payment of Rs 650 crore to lenders as compromise settlement

Inventory inching up relative to sales across sectors, FMCG less affected

Festive season, supply chain issues may have been contributing factors leading to higher inventory

MNC office space leasing for R&D rose five-fold in 2014-19 period: Report

Gross office space leasing by multi national companies to set up R&D centres across major Indian cities stood at 14.13 million sq ft in 2019, the report said