Page 2830 - Company News

Due diligence for Tata Steel Netherlands biz to complete by December end

The country's oldest steel producer is currently in talks with SSAB Sweden for the sale of its Dutch operations, as it seeks to make a full exit

Piramal revises offer for DHFL's retail book to counter Adani bid

Revised offer by Piramal not opened till going to press; Oaktree retains its offer at Rs 31,000 cr, Adani remains highest bidder

Embassy Reit to acquire Embassy TechVillage in Bengaluru for $1.3 bn

This is the largest single property commercial deal in the country

Recovery in toll collections, order flows driving IRB Infra's prospects

Construction segment too may pick up in second half, but high debt still a concern

L&T delivers India's first launch hardware for human space programme

The critical booster segment, with a diameter of 3.2 metres, length of 8.5 metres and weighing 5.5 tonnes, was flagged off in a virtual event by Isro chief Sivan

Airtel starts refarming 2G spectrum for 4G services to bump indoor coverage

The refarming of 900 Mhz spectrum band for 4G services is underway in six circles of Delhi, Kolkata, Andhra Pradesh, North East, Karnataka and Rajasthan

Covid-19 blues, funding crunch, made Urban Ladder do a fire sale to RIL

Urban Ladder was valued at around Rs 1,200 crore in 2019 and this dropped to about Rs 750 crore in 2019

Flipkart acquires augmented reality company Scapic for undisclosed sum

With the pandemic bringing about a change in consumer behaviour and an increase in online adoption, Flipkart has been focusing on enhancing consumer experiences by strengthening tech capabilities

Flipkart, PhonePe monthly active customers at 'all time high': Walmart

Walmart International CEO Doug McMillon says group committed to high-value markets like India.

5G smartphones' market share rise even as service roll-out remains distant

While timing of 5G spectrum action is unclear, over 1 million 5G smartphones entered market in Sept quarter

PMS players face power of attorney worries amid Covid-19 pandemic

Getting signatures on physical documents a concern amid Covid-19 pandemic

Aviation and hotel stocks soar sharply on coronavirus vaccine hope

Shares of firms in the sectors have outperformed Sensex in November

Just 1% firms keen on one-time debt recast as biz outlook improves: Crisil

This is despite the fact that two-thirds of Crisil-rated entities are eligible for restructuring, based on Kamath Committee parameters

Inconsistent growth across segments to weigh on Godrej Consumer valuations

Household insecticides and Indonesia disappointed in Q2 after strong Q1 show

Bottom line swells for tea firms on lower crop, higher at-home consumption

Industry says Q3 of FY21 also likely to be good; Moreover, there will be no dry period as North Indian gardens observe closure during winters

Malaysia's AirAsia Group reviewing India investment, hints at possible exit

Operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group's financial stress

Pfizer moves US court against Aurobindo Pharma, Dr Reddy's on cancer drug

Pfizer Inc alleged that the drug makers were planning separately to come out with generic versions of its blockbuster multi-billion dollar drug Ibrance (palbociclib) before expiration of its patent

Wipro shareholders approve up to Rs 9,500-cr buyback plan at Rs 400/share

IT services major Wipro on Tuesday said its shareholders have approved its up to Rs 9,500 crore share buyback plan.

EESL sets up new company offering solar solutions to India's farmers

'Convergence' to focus on solar irrigation pumps, reduce cost of clean power for farmers

Centre seeks time to appeal int'l arbitration award in Vodafone's favour

Additional Solicitor General (ASG) Chetan Sharma said the decision is to be taken by the empowered committee of the Central government, which has not met