Page 2846 - Company News

PLI scheme: Govt looks to get Rs 50,000 crore investments in pharma

The incentive will be in the range of 5-10 per cent of production value, sources said.

Bharat Forge: Stock under pressure, investors need to await growth momentum

Company decides not to give an outlook as customers turn cautious amid worries of a second Covid-19 wave

Air India to raise short-term loans of Rs 6,150 crore by month end

With finances stretched, the govt is not in a position to infuse cash into the airline, but will help the carrier to raise money through sovereign guarantee

Amazon receives orders from 99.3% of India's pin codes during festive sale

About 600 sellers saw more than Rs 1 crore in sales and nearly 6,500 sellers saw more than Rs 10 lakh in sales during Amazon's Great Indian Festival sale event

Realty firm Prestige Estates' Q2 net profit down 40% at Rs 94 crore

Bengaluru based realty firm Prestige Estates Projects Ltd on Wednesday reported a 40 per cent fall in its consolidated net profit at Rs 93.8 crore for the quarter ended September.

Govt notifies mandatory e-invoicing by biz with Rs 100 cr turnover from Jan

The government has notified mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover over Rs 100 crore with effect from January 1, 2021

India to Italy, Amazon's everything store is everyone's antitrust target

Italy is probing the e-commerce giant over restrictions on sales of Apple products, while India is investigating the company over exclusive arrangements with mobile phone brands.

PGCIL net profit up 20% to Rs 3,094 crore in September quarter

State-owned Power Grid Corporation of India Ltd on Wednesday posted an over 20 per cent rise in consolidated net profit to Rs 3,094.10 crore in the September quarter, mainly due to higher revenues.

Construction firm NBCC posts Rs 45.61 crore profit in Sept quarter

State-owned construction firm NBCC on Wednesday reported a consolidated net profit of Rs 45.61 crore for the quarter ended September.

Kesoram Industries hopes to conclude restructuring process by Dec

Kesoram Industries Ltd is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting a strategic investor into it

Future Retail breached terms of contract: Amazon lawyer tells court

The case deals with Future Retail's suit against Amazon in a matter related to the interim order passed by an Emergency Arbitrator in Singapore.

Held talks with RIL on arbitration for 'legitimate purpose': Future Retail

'Amazon needs a "tutorial on the law on insider trading,' the company said

Staff strike at Toyota's Bidadi plant may affect commitment to customers

The firm, however, denies the shutdown would hurt deliveries as of now

Cosmo Films net profit up 84% to Rs 53 crore in September quarter

Cosmo Films Ltd has reported an 83.65 per cent increase in consolidated net profit to Rs 52.71 crore in the second quarter ended September.

Centre to receive Rs 3,056 crore dividend from Coal India: Official

The total interim dividend outgo for Coal India will be Rs 4,622 crore after the company's board approved it

CCI approves Google's 7.7% stake acquisition in Jio Platforms

Deals beyond a certain threshold require approval from the CCI, which keeps a tab on unfair business practices across sectors

Signature Global to invest Rs 500 cr in 2 new housing projects in Gurugram

In the last six years, Signature Global has launched more than 20 housing projects in Gurugram

Glenmark Pharmaceuticals gets US FDA approval for Tacrolimus Capsules USP

Prograf® Capsules, 0.5 mg, 1 mg and 5 mg market2 achieved annual sales of approximately $286.8 million

Syrma Technology signs cash-cum-stock merger deal with SGS Tekniks

New entity will be created, with a combined turnover of over Rs 1,000 crore, and 55% revenues coming from exports primarily to the US and Europe

Sundaram Home Finance to raise Rs 2,000 cr in H2 through debt, bank funding

The company plans to raise it through a mix of debt instruments and bank funding