Page 2848 - Company News

To privatise or not? Key questions answered on shedding govt stake in PSB

There is a growing consensus in favour of the move, but strengthening governance and widening the ambit of acceptable investor groups are critical to its success

SAT quashes Sebi's order directing Prabhat Dairy to deposit Rs 1,292 crore

"The direction of the WTM to deposit a sum of Rs 1,292.46 crore is wholly arbitrary and has been passed without any application of mind," the tribunal said

Deutsche Bank to sell IT unit to TCS, moves closer to job-cutting target

The two companies aim to finalise the sale of Postbank Systems AG by the end of the year, according to a statement from Deutsche Bank

Uber launches 'PIN-Dispatch' feature at Delhi airport to reduce wait time

Ride hailing major Uber on Monday said it has launched its 'PIN-Dispatch' feature at Delhi airport, aimed at reducing wait time and enhancing rider experience.

PTC India Q2 net profit down 3.8% to Rs 194 cr over lower power generation

Power trading solutions provider PTC India on Monday reported a 3.8 per cent decline in consolidated net profit at Rs 193.64 crore in the September quarter

Swiss banking major UBS appoints Uday Odedra as new country head for India

Swiss banking major UBS on Monday announced the elevation of Uday Odedra as the country head of its India operations, which employ over 6,700 people.

TCS to acquire 100% shares of Postbank Systems from Deutsche Bank

India's largest IT services firm Tata Consultancy Services (TCS) on Monday said it will acquire 100 per cent shares of Postbank Systems AG (PBS) from Deutsche Bank AG.

EID Parry Q2 net up over 20x to Rs 131 cr on better margins, cost control

Revenue from operations for the quarter grew 20% to Rs 529 crore from Rs 440 crore a year ago

Former Petronet CEO Prabhat Singh joins Reliance firm India Gas Solutions

Prabhat Singh was appointed Managing Director and CEO of Petronet on September 14, 2015, for an initial period of five years

How StanChart wants to go way beyond WFH for 85,000 staff in nine countries

From early next year, it will offer those employees the option of heading to a "near home" location

RailTel Corporation gets Sebi's go-ahead to float Rs 700-crore IPO

State-owned RailTel Corporation of India Ltd has received capital markets regulator Sebi's go-ahead to raise Rs 700 crore through an initial share-sale.

Vistara marks entry into Uttarakhand, starts Delhi-Dehradun flights

The carrier said its first flight on Delhi-Dehradun route departed from Delhi at 1.50 pm on Monday

Reliance Industries' deal talks with Saudi Aramco gaining momentum: Report

The deal, estimated to be about $15 billion as of August last year, had stalled over price

Paytm aims to disburse Rs 1,000 crore worth loans to merchants by March

The company said it aims to disburse targeted loans by March

Shapoorji Pallonji's Joyville sells 800 housing units in Pune for Rs 400 cr

Shapoorji Pallonji last month launched a 21-acre housing project in East Pune

SoftBank Group says it spent $1.35 billion on buybacks in October

SoftBank Group said it spent $1.35 billion repurchasing almost 20 million shares in October, part of a record buyback plan that has pushed the group's share price to near two-decade highs

USFDA issues 13 observations after inspection of Lupin arm's facility in US

Drug firm Lupin said the US health regulator has issued 13 observations after inspection of its subsidiary's Somerset facility in New Jersey

Alembic Pharma gets tentative USFDA nod for breast cancer treatment drug

Drug firm Alembic Pharmaceuticals said it has received tentative approval from the US health regulator for Palbociclib capsules, used to treat a certain type of breast cancer

L&T Finance gets board's approval to raise Rs 3,000 crore via rights issue

L&T Finance Holdings said its board has approved raising of up to Rs 3,000 crore through a rights issue

Blue Star bags project worth Rs 128 cr from Taiwan-based Wistron Infocomm

The latest project is one of the largest, fast-track projects, being executed by Blue Star in the factories' segment