Page 2829 - Company News

Wipro sets December 11 as record date for Rs 9,500 cr share buyback plan

Its Board of Directors and shareholders have already approved its proposal to buyback up to 23,75,00,000 equity shares of the company at Rs 400 per share

Despite Covid, Hero MotoCorp sells 1.4 mn two-wheelers in festive season

The festive season witnessed strong customer preference for Destini and Pleasure scooters, resulting in high double-digit growth for the two models

Valeo launches fully-integrated compact electric powertrain system

The system will aid the electrification of small mobility vehicles, especially two- and three-wheelers

iPhone 12 suppliers working overtime to keep up with demand: Report

Major Apple iPhone assemblers Foxconn and Pegatron are further adding overtime shifts

Emami enters home hygiene segment with five offerings under Emasol brand

The market size of the five categories is around Rs 4,000 cr, of which the toilet cleaner accounts for the largest share at Rs 1,600 cr

Smaller towns emerged as 'heroes' for Nestle India during pandemic: MD

Nestle India MD and Chairman Narayanan said mega-metros and metros felt the adverse impact of the pandemic much more due to the lockdown

Vedanta puts in expression of interest to buy entire govt stake in BPCL

The government is selling its entire 52.98 per cent stake in BPCL and last date of putting EoI was November 16

Lummus Tech, TCG Digital form JV offering digital solutions to energy firms

While the joint venture will explore the market in India where it expects substantial growth, it will also start its operations in the US, Middle-East, and Europe immediately

Zomato to charge zero commission to restaurants for takeaway service

The food delivery platform said that for restaurants to be able to tap into this growing demand, it is making takeaway service available for free to its restaurant partners

Amazon opens 'made in India' toy store amid Centre's self-reliance mission

The launch of the "made in India" toy store could help local manufacturers to take on the deluge of Chinese toys into the Indian market

L&T bags biggest order ever for construction & mining equipment biz

To supply 46 units of Komatsu Mining Equipment to Tata Steel

Aditya Birla Capital: High on diversification, not much on conviction

Lending businesses accounting for about half of its valuations remain laggards

L&T bags biggest order ever for construction & mining equipment biz

To supply 46 units of Komatsu Mining Equipment to Tata Steel

Telecom to oil firms: Q2 results give no clear sign of broad revival

The economy is on the mend but sustained recovery will take time: that's the picture you get by studying the July-September quarter results of 1,286 listed companies. Devangshu Datta reads the numbers

Musk beats Zuckerberg to become 3rd-richest person as Tesla enters S&P 500

Tesla will enter the S&P 500 on Dec. 21 following months of speculation and one temporary setback, when the stock failed to make the cut during the index's quarterly rebalancing in early September

IRB Infra InvIT completes second fund raising round by securing Rs 510 cr

IRB will continue to hold 51% and GIC affiliates will continue to hold a 49% stake in the IRB Infrastructure Trust

JSW Infra completes acquisition of Chettinad Group's port biz for Rs 1K cr

JSW Infra will also modernise its port assets which now have a combined cargo handling capacity of 17 million tonnes per annum

Gujarat State Petroleum seeks LNG cargo for January delivery: Report

India's Gujarat State Petroleum Corp is seeking a LNG cargo for delivery in January, two industry sources said

Lakshmi Vilas Bank under moratorium; RBI proposes merger with DBS

Withdrawals capped at Rs 25,000 till Dec 16; finances see steady decline as NPAs mount

Dhanlaxmi Bank CEO case to test primacy of RBI over banks' shareholders

The removal of CEO Sunil Gurbaxani has led the private banking system into uncharted waters