Page 2788 - Company News

Industry lobby seeks clarity on draft rules under four new labour codes

New rules silent on treating benefits like medical allowance and rent free accommodation as part of wages

L&T Construction 3D prints India's first building with reinforcement

This achievement will certainly give a huge fillip to the mass housing segment, said the company

Marico's shares rise as core portfolio, international business grow

Company reported one of the highest volume growth among consumer staples players in the September quarter

I-Pru Life: Retail focused portfolio, no investment risks augur well

Share of protection at 17 per cent in Q2 was its best-ever performance

India's steel companies leading metals towards best rally in decade

The S&P BSE Metal Index has surged by around a third so far in the three months through December, jumping the most since the quarter ended June 2009

Ind-Ra upgrades ratings for Lodha Developers group company Macrotech

Macrotech Developers' leverage and sales are expected to improve from FY22, helping its outlook

In midst of holiday season, Dubai flights hit by seat allocation dispute

The dispute required the intervention of external affairs ministry post which Dubai has agreed to allow Indian airlines to operate 4,800 seats per week

Covid-related disruptions had no impact on Jaguar Land Rover: Tata Motors

Reassurance comforted investors; Stock surged by 3.96 per cent

London-based Vedanta Resources raises stake in India unit to 55.1%

VRL bought 18.5 crore shares at a price of Rs 159.94 per share, the company said in a statement on its website

EY to hire 9,000 professionals in India in 2021 in various technology roles

EY in India has over 50,000 people working in all member firms including global delivery centers

Amazon Seller Services revenue up 42%; losses rise to Rs 5,849 crore

The e-commerce company's total expenses for the fiscal were reported at Rs 16,877 crore

CIL's coal allocation to power sector under e-auction rises 5.9% in Apr-Nov

State-owned CIL's coal allocation to the power sector under the special e-auction saw a 5.9 per cent rise to 17.96 million tonnes (mt) in the first eight months of the current financial year.

Retailer Myntra Designs sees loss widening to Rs 744.4 crore in FY20

Online fashion retailer Myntra Designs saw its loss widening to Rs 744.4 crore for the financial year ended March 2020, according to regulatory documents.

Central Bank of India to exit housing fin biz; to sell stake for Rs 160 cr

State-owned Central Bank of India will exit housing finance joint venture by selling its entire stake of over 64 per cent to Centrum Housing Finance for Rs 160 crore.

Former Cognizant CMD to join Krea University as pro vice-chancellor

Ramkumar Ramamoorthy will help strengthen Krea's vision to be a teaching, research university that defines global benchmarks through interwovenness and experiential learning

Snapdeal FY20 revenue increases marginally to Rs 846.4 cr

E-commerce marketplace Snapdeal said its consolidated revenue from operations has grown marginally to Rs 846.4 crore in FY20

Sebi orders attachment of bank, demat accounts of Sunshine Global Agro

Markets regulator Sebi has ordered attachment of bank and demat accounts of Sunshine Global Agro and its directors to recover dues

Vodafone retro tax: India challenges arbitration ruling in Singapore

India has faced a string of arbitrations by investors including Deutsche Telekom, Nissan Motor Co, Vodafone and Cairn Energy over issues ranging from retrospective taxation to payment-related disputes

Brakes on Civic, CR-V car models: How Honda lost the plot in India

Honda, which is shifting its entire manufacturing facility to Tapukara in Rajasthan, however, says this will help it to rationalise cost and have a better shot at profitability

Wistron controversy unlikely to impact Apple's expansion plans in India

From a small exports market that played second fiddle to the markets in North America, Europe and China, India now features at the top of Apple's priority list