Page 2839 - Company News

We can stop Covid-19: Moderna vaccine success gives world more hope

Moderna's experimental vaccine is 94.5% effective in preventing Covid-19 based on data from a late-stage trial, it said, becoming the second US drugmaker to report results that far exceed expectations

Hedge funds trapped in alleged $1.5 bn Ireo fraud to pick Varde as manager

The deal would see Varde take over the management of the firm's investments and develop its real estate projects, people said, asking not to be identified as the negotiations are confidential

BPCL disinvestment gets going with multiple EOIs, Reliance stays away

Aramco also not in fray; actual number bids not revealed but sources say three of four have been received

India Inc gains despite Covid-19 disruptions; combined profit at Rs 1.5 trn

In the manufacturing sector, earnings were also boosted by a sharp decline in input prices that expanded gross and operating margins in most sectors.

Moderna's Covid vaccine 94.5% effective, edges over Pfizer on storage

Its vaccine's temperature requirements give it an edge over Pfizer's for distribution in India

FinMin invites bids from actuarial firms for valuing LIC ahead of IPO

The government plans to sell minority stake in the insurance behemoth and list it on the bourses

Covid-19 pandemic pushes mall launches in India to 2021 and beyond

As things stand today, 14 new malls spanning 5.9 million sq ft area are likely to complete by 2021-end.

After weak Diwali footfall, multiplexes pin hopes on December releases

Conversations with multiplex operators reveal that producers remain wary of releasing their films this month.

PMLA clean chit to Chanda Kochhar may help Videocon debt recast plan: Dhoot

The company's promoter Venugopal Dhoot said their application is currently pending with the Committee of Creditors, which will soon vote on their proposal

Biological E's Covid-19 vaccine enters Phase I/II trial after DGCI nod

The results of this clinical trial are expected to be available by February 2021, the release said.

Tata Steel: India business rebound in September quarter leads peers

Firm prospects in India and restructuring of European operations to improve Street sentiment further

Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

Higher promotion costs, staff expenses to weigh on Info Edge margins

Recruitment solutions could see faster recovery, real estate segment could be a drag

Maruti Suzuki India sells more than 200,000 cars through online channel

The country's largest carmaker Maruti Suzuki India said it has sold over two lakh cars through the online channel

CIL issues tenders worth Rs 12,500 cr for transporting 406 mn tonnes coal

Each of the mining projects have production capacity of 4 MTPA and above. The expenditure would be met out of the company's capex

Advertising body ASCI keeps track of brands, issues Covid-19 advisory

In the last three months, ASCI's has through its own National Advertising Monitoring Service also scanned nearly 250,000 ads

ADB-backed Mortgage Corp may need new investors to grow

The revision factors in lower-than-anticipated growth in the company's scale of operations, which impacts its profitability.

NCML to invest Rs 506 cr in grain silos in India, IFC to back the project

NCML will develop these grain silos at seven locations in Punjab, Haryana and Uttar Pradesh under a 32-year concession agreement awarded by FCI

Zoom's Eric Yuan, top Silicon Valley VC invest in retail-tech firm Arzooo

Funding amount not known; Arzooo is Yuan's first India investment. Bill Tai has 22 IPOs to his credit, was among first investors in Twitter, Zoom Video, Wish.com, Canva, and ColorGenomics

As demand outpaces supply, Oct tractor sales up 9 per cent over last year

Good monsoon followed by good crop have given a fillip to demand for tractors