Page 2804 - Company News

63 Moons Technologies to challenge Sebi order in STP services case

Generally, financial firms use STP to pass information electronically in order to optimise the speed at which they process transactions

Truck segment recovery across markets could sustain Bharat Forge's rally

Rebound in oil and gas vertical, passenger vehicle volume growth are other triggers

Edtech firm Educational Initiatives looks to achieve steady growth

Unlike its rivals, the firm's approach has been to keep its head down and stick to the knitting.

Execution issues, margin pressure to cap Mindtree's gains from new strategy

Valuations too leave little upside from current levels

NBFCs: Tighter regulations, cost of funds to determine future path

RBI has proposed scale-based regulatory approach as the way forward for non-bank lenders

ONGC Videsh makes fourth commercial oil find in its Colombian block

OVL is the operator in the block with a 70 per cent stake, along with its partner Geopark

DCGI reassures all protocols being followed in Serum's clinical trials

The ethics committee has seven members, including a chairperson who has to be from outside the institution where the trial is being conducted.

CBI searches 3 locations in Delhi in Rs 1,800-crore bank fraud case

The CBI on Friday carried out searches at three locations here after booking Jay Polychem Ltd in a Rs 1,800-crore alleged bank fraud in the State Bank of India, officials said.

Govt extends NMDC's Donimalai iron ore lease after two-year suspension

Centre signs agreement with Karnataka govt and Ministry of Steel in this respect

Ikea to open second Indian store in Navi Mumbai on December 18

The over five lakh sq ft store would be the second store for Ikea in India after Hyderabad, where it had opened its first store in August 2018.

MobiKwik raises Rs 52 cr from HT group, Kris Gopalakrishnan's family office

Fintech firm MobiKwik on Friday said it has raised Rs 52 crore in funding, led by Hindustan Media Ventures

Cement prices in southern India rise 18% over strong production discipline

Prices in Maharashtra are up by around 10 per cent at Rs 354 a bag, supported by higher prices in the South

JSW Steel sweetens offer by Rs 400 cr to close Bhushan Power deal

Proposal was made last week, payment subject to bank guarantee or indemnity from lenders, so that in case SC rejects resolution plan, settlement amount will be reversed

Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion

Move will help PhonePe access dedicated, long-term funds for its growth plans. In this financing round led by Walmart, PhonePe is raising $700 mn primary capital at post-money valuation of $5.5 bn

HCL Tech's Roshni Nadar tops the list of India's wealthiest women

Kotak Wealth Hurun-Leading Wealthy Women features eight dollar billionaires and 38 women with wealth of Rs 1,000 crore and above

Toyota to resume production with limited staff amid face-off with union

Though state labour dept ordered workers to call off strike and resume operations on Nov 19, company says less than 10% returned, forcing it to extend lockdown four days later

NCLT okays resolution plan for Reliance Infratel; may entail sale of assets

Decks cleared for sale of tower, fibre assets to Reliance Digital

Maruti, Hyundai to ramp up production in Dec as festive demand sustains

Carmakers concentrated on reducing inventory while factory production was lesser this month due to holidays, and November auto sales fell below estimates as a result

More cheer for United Spirits as hard liquor sales outperform beer in Q2

Higher in-home consumption and premiumisation to benefit the Diageo-owned company

Nestle to spend $3.6 billion over next 5 yrs to cut carbon footprint

The company is taking measures to halve its carbon emissions by 2030 and achieve net-zero emission by 2050, even as the company grows