Page 2798 - Company News

Mrs Bectors subscribed 198 times, highest ever for a Rs 200-cr plus IPO

Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription

IKEA to open Navi Mumbai store Friday; plans more investment in Maharashtra

The world's largest furniture retailer IKEA said it will open its second store in the country in Navi Mumbai on Friday and plans to invest around Rs 6,000 crore in Maharashtra over the next 10 years.

Amazon Internet Services reports 54% rise in revenue to Rs 4,216 crore

The revenue of the company was fully generated from services called 'other data processing, hosting and related activities' and other information technology services

Lakshmi Mittal's journey a year after he came home to buy Essar Steel

It has been a mixed bag for the firm he renamed AMNS India, and while the pain of the downturn and the pandemic has subsided, other issues remain

Trade union slams Karnataka govt for failing to protect workers at Wistron

The protest on Saturday over months of alleged underpayment of wages at Wistron's factory in the southern Indian state spiralled out of control after police were summoned

BPCL board approves buying out Oman Oil's stake in Bina refinery

The board also approved a proposal to approach the Madhya Pradesh government for acquiring 2.69 crore warrants held by it in BORL

Snapdeal partners NPCI to enable doorstep QR Code payments for orders

Snapdeal said it has partnered with National Payments Corporation of India (NPCI) to allow shoppers to make QR-based digital payments at the time of accepting delivery of their orders

Amazon Internet Services total income up 58% to Rs 4,216 cr in FY20

Amazon Internet Services - which renders the e-commerce major's cloud services in India - saw an almost 58 per cent rise in total revenue to Rs 4,215.9 crore in FY20, as per regulatory documents.

Praj, ICT join hands for developing new solutions for process industry

Praj Industries on Thursday said it has entered into an agreement with the Institute of Chemical Technology (ICT) to jointly promote higher education and research in the areas of process development

Employees who submitted EOI should not handle policy issues: Air India

A group of Air India employees who have submitted an expression of interest (EOI) for the carrier should only do day-to-day work, according to an official order

NIIF to hold majority stake in CDC's Ayana Renewable after fresh infusion

CDC will put in $70 million as addl equity, NIIF $284 million and GGEF $36 million. The commitment is subject to final approval processes

Coal India plans to substitute 80-85 mt of imported coal in current fiscal

Coal India Ltd is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal

CDC invests Rs 400 crore in TVS Industrial and Logistics Parks

It is the first time that TVS ILP has raised institutional investment. CDC will become a significant minority shareholder in the business

Mahindra Group plans to train another half a million youth in 5 years

The company said it plans to train another five lakh (0.5 million) youth under its various skill training initiatives

L&T Hydrocarbon is the lowest bidder for HPCL Rajasthan Refinery

L&T Hydrocarbon Engineering (LTHE) is a wholly-owned subsidiary of Larsen & Toubro

Anil Agarwal eyeing Indian disinvestment program with a $10 bn war chest

Agarwal made a fortune buying state companies and fixing them up, building a metals and mining powerhouse under the umbrella of Vedanta Resources Ltd

Price hikes to dampen recovery prospects for Indian automakers: Fitch

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

IFC and its fund to invest $76 mn in Puravankara affordable housing

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years

Coal India aims to substitute 80-85 million tonne of imported fuel in FY'21

State-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said

Top headlines: Instagram's growth, Covid vaccine, Piramal's plans, and more

Here are the top business headlines on Thursday morning