Page 2791 - Company News

Stress and trauma of Covid-19 hold big space for renewal: Tata Sons chief

Tells 700,000 Tata group staffers that pandemics have inspired progress in medicine, urban planning, architecture and countless other fields in the past.

Wipro to acquire IT verticals of Metro AG in a $700-million deal

As a part of this transaction, Wipro will take over the IT units of Metro AG - Metro-NOM GMBH in Germany and Metro Systems Romania S.R.L

Wipro's Rs 9,500-crore share buyback offer to open on December 29

IT services major Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021.

Hiring, better appraisals back on India Inc agenda amid Covid-19 pandemic

The pandemic emerged the biggest inflection point for the Indian job landscape.

JP Morgan demands loan repayment of Rs 268 cr from M&M SsangYong Motor Co

Last week, M&M had informed the bourses that SYMC has missed repayments of loans aggregating to 60 billion KRW

Reliance emerges as biggest wealth creator over last 25 years, finds study

Most of the gains came in the last five years, shows Motilal Oswal's annual wealth creation report

Embassy Reit raises Rs 3,680 cr to fund acquisition of Embassy Tech Village

Listed in April 2019, Embassy Reit owns and operates a 33.3 million square feet portfolio

GIC, ESR Cayman form $750-million joint venture to invest in logistics

The JV will be seeded with a 2.2 million sq ft build-to-core asset, located in close proximity to the large consumption hubs of Mumbai and Thane

IndiGo allows partial rebooking if passenger's connecting flight cancelled

The rebooking or refund option is only for that leg of the journey that has been cancelled by the airline

Bajaj Auto to invest Rs 650 crore to set up new plant in Maharashtra

The facility is expected to start producing high-end KTM, Husqvarna and Triumph motorcycles as well as some EVs in 2023

Sebi imposes Rs 1 lakh fine on Reliance Capital for regulatory violations

As per the regulations, depository participants are restricted from delegating their function to any other person, without the prior approval of the depository

Ruchi Soya shareholders approve appointment of Ramdev, Balkrishna on board

In a regulatory filing, Ruchi Soya, which sells soya products under Nutrela brand, said the shareholders have approved all resolutions at the annual general meeting with requisite majority

Top cop to oversee probe into violence at Wistron's manufacturing facility

No definite time limit has been set for concluding the investigation

Centre extends suspension of fresh insolvency cases by another 3 months

The government has again extended the suspension of fresh proceedings under the insolvency law by three more months amid the disruptions caused by the coronavirus pandemic.

WhatsApp means Business, joins payments companies in race for revenue

Even as Paytm, PhonePe and Amazon Pay collectively lost $1 billion in FY19, WhatsApp has come up with Business, its first revenue-making initiative in India

Fesschain launches blockchain powered smartphones, targets 10 mn shipments

Firm has tied up with a private manufacturer that can produce 10,000 pieces a day. But Fesschain is now scouting for a suitable location in Noida to set up its own production unit

Bajaj Auto signs MoU with Maharashtra govt for Rs 650 crore plant

Bajaj Auto on Tuesday said it has entered into an initial pact with the Maharashtra government for setting up a production plant at Chakan at an estimated investment of Rs 650 crore.

AstraZeneca's Fasenra gets regulatory nod for asthma treatment

AstraZeneca India has received marketing authorisation from the Drugs Controller General of India (DCGI) for use of Fasenra

MUFG Bank achieves green certification for solar farm in India

MUFG Bank has acted as sole green structuring advisor for a $333 million financing deal for SoftBank's latest solar project in India

Ola eyeing sites in India, Europe to build charging station network: Report

The network is for electric two-wheelers