Page 2835 - Company News

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

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