Page 2834 - Company News

Prestige Estates: Medium term growth prospects hinge on capex cycle

Deal to sell commercial assets and residential recovery are near term positives

PhonePe becomes largest platform for buying digital gold with 35% mkt share

With over 35%market share, the Walmart-owned firm which competes with Google Pay, Amazon Pay and Paytm has seen a more than 6X jump in the volume of Gold sold in the festival season

Zomato to charge zero commission from restaurants for takeaway service

Takeaway on Zomato app has witnessed tremendous growth with the order volume increasing by more than 200% in the last few months

Tata Motors, M&M stocks see significant gains on improved demand outlook

While M&M closed at Rs 705.6 a piece, up 10.8 per cent - the highest in 18 months, Tata Motors' shares ended at Rs 173.6, a piece up 9.8 per cent-the highest in 33 months

T Rowe Price signs agreement to acquire majority stake in UTI Trustee

The deal will give it over 51 per cent stake in the trustee even as the stake of three public sector shareholders will fall to under 10 per cent in UTI Trustee Company

Tata-Mistry tussle: SC to hear final arguments on December 2

The top court had on September 22 restrained Shapoorji Pallonji (SP) Group and Cyrus Mistry as also his investment firm from pledging or transferring their shares of Tata Sons Pvt Ltd (TSPL)

IBBI allows transfer of illiquid assets and debt for quicker case closure

The rules come at a time when the liquidation process takes much longer than envisaged under IBC

TCS shareholders approve up to Rs 16,000-crore share buyback plan

The voting, which started on October 20 and ended on November 18, saw 99.57 per cent of the votes being cast in favour of the buyback offer

Unilever to halve food waste, double items delivering positive nutrition

Under its new 'Future Foods Ambition', Unilever said it also plans to halve food waste in its direct operations from factory to shelf by 2025 - five years earlier than previously committed

'Amazon seeking to exercise control over Future without owning a stake'

The US firm claims that its contract with the unlisted Future Copouns Ltd (FCL) barred a transaction with a number of persons and companies, including Ambani and Reliance.

Y M Deosthalee, brain behind L&T financial services business, dies at 74

Deosthalee served as the first chairman and managing director of L&T Financial Services.

Unilever to halve food wastage, boost nutritional standards by 2025

Around 85 per cent of Unilever's foods portfolio would support a diet providing a maximum of 5g of salt intake a day by 2022

SMBC expands footprint, invests $600 million in India operations

The corporation has invested $600 mn in its Indian operations in 2020

JSW Infra buys Chettinad Group's port terminals for Rs 1,000 crore

Acquisition to give company instant access to third-party cargo

Vedanta Group submits EOI to buy government's entire stake in BPCL

According to multiple sources, major players like Reliance Industries, Saudi Aramco, Rosneft and Exxon Mobil had shied away from the bidding process

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