Page 2832 - Company News

Ola forays into electric scooters, to launch first vehicle by Jan: Report

The electric scooter will be initially manufactured at a facility in the Netherlands

Ola to set up new technology centre in Pune, hire 1,000 engineers: Report

In June last year, Ola had opened an Advanced Technology Centre in San Francisco Bay to accelerate its work across electric and connected vehicles

Harsh Vardhan Lodha removed from the board of M P Birla investment firms

Birla side says corporate affairs ministry approved and accepted the cessation of his directorship on November 18

L&T bags Rs 7,000-cr order to construct part of Bullet Train project

L&T said it has bagged an order worth over Rs 7,000 crore to construct a part of the Mumbai-Ahmedabad High Speed Rail (MAHSR), also known as the Bullet Train Project

EPFO dismisses reports about fall in number of subscribers in October

Retirement fund body EPFO on Thursday dismissed media reports about a fall in the number of firms and subscribers contributing towards its social security schemes in October.

Stressed debt across sectors falls 37% in Q2 to Rs 15 trn: Credit Suisse

The share of debt with loss-making companies was also down to 23 per cent as compared to 28 - 30 per cent pre-Covid-19

GMR, L&T, BHEL among 13 players shortlisted for operating private trains

The operators would be selected after the requests for proposals (RFP) are submitted with a revenue share quote

Apollo Hospitals scouting for acquisitions in north and east India

The hospital chain recently got its board's approval to raise up to Rs 1,500 crore and a portion of it will be used for acquisitions

VIL sells 11.5% stake in Indus Towers for cash consideration of Rs 3,760 cr

The stake sale follows the merger of two tower companies - Indus Tower and Bharti Infratel

SpiceJet stock flies high on Boeing 737 MAX return, increasing air travel

Higher passenger traffic, load factors helped the stock gain 44 per cent in November

Realty sales at pre-Covid levels on the back of stamp duty cut: Crisil

More business shifts to key developers amid pandemic chaos

Bharti Infratel, Indus Towers merge; VIL gets Rs 3,760 cr for Indus holding

Vodafone Group will hold 28.12 per cent stake in the merged entity, while the holding of Airtel Group will be about 36.7 per cent

Reliance Retail completes Rs 47,265 cr fund raise for 10% stake sale

Experts say a strategic investor may be inducted later as Reliance Retail prepares to fight Amazon, Walmart-Flipkart and DMart among others

Max Financial gets approval for share swap agreement with Mitsui Sumitomo

The transaction entails swapping Mitsui Sumitomo's 20.6 per cent stake in Max Life Insurance with 21.9 per cent stake in Max Financial Services

Syngene, 3DC ink pact for advancing therapeutic discovery projects

Syngene International on Thursday said it has signed an agreement with Deerfield Discovery and Development Corporation (3DC)to collaborate for five years to advance therapeutic discovery projects.

Tamilnad Mercantile Bank H1 profit up 60% to Rs 242 cr, GNPAs drop 25%

The bank is stringly focused on priority sector, which constitutes 75.64% of its adjusted net banking credit, and are above the regulatory norm of 40%

Reliance Retail completes Rs 47,265 cr fundraise from 10.09% stake sale

The investors include high-profile private equity funds and sovereign wealth funds

BharatPe plans to reach 65 cities by Dec end, add 3 mn merchants in FY21

The company will be rolling out an interoperable UPI QR with zero transaction fees, and its recently launched zero-rental, zero-fees card acceptance machine BharatSwipe

BPCL buy could pay for itself, but how will Vedanta secure funding: Report

Analysts highlight the doubts over Vedanta's ability to raise finances for such acquisition

Village Global invests unknown sum in Kitchens Centre's Pre-Series A round

The start-up offers fully-fitted shared kitchens to online food and FMCG brands making it easier for them to launch operations, penetrate market faster