Page 2849 - Company News

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

BOC Aviation delivers first of four Airbus A321NEO aircraft to Indigo

BOC Aviation Ltd. has delivered the first of four new Airbus A321NEO aircraft on lease to IndiGo, an official statement said

Indian IT services firms in wait-and-watch mode after Joe Biden's victory

Technology industry leaders are awaiting policy changes under the new regime once Biden assumes charge as President in January

BigBasket faces potential data breach; details of 20 mn users put on sale

Names, email IDs, password hashes, contact numbers, addresses of users put on sale on dark web, claims cyberintelligence firm Cyble

Juggat Pharma to set up 2 plants in FY22 to boost nutraceutical production

Its flagship product Mulmina, an antioxidant-rich immune boosting drink, has seen traction of over 150 per cent since April.

Cipla expects surge in demand for respiratory drugs, inhalers in winter

The firm enjoys a massive 68.7 per cent market share in the respiratory inhalation segment in India and has started working on aligning supplies so that there is no shortage of these critical medicine

Domestic drug market shows resilience, posts strong growth in October

Maintains the growth momentum from September with a 9.6 per cent growth

The patriot act: Micromax calling on anti-China sentiment for resurgence

Sharma's new approach for Micromax banks heavily on the political mobilisation against Chinese brands and the Indian government's recent initiatives to sideline them

Lalit Modi's son writes to MCA, seeks SFIO, Sebi probe into Godfrey Philips

Ruchir points out that his grandmother Bina still runs the company as the president and managing director despite her ouster by public shareholders.

Apple India net profit jumps 253% to Rs 926 crore; operating revenue up 29%

The numbers reflect a V-shaped recovery in the firm's business

NMC Health administrator sues auditor Ernst & Young for $4 billion fraud

NMC Health is the largest private healthcare provider in the UAE, operating more than 200 facilities including hospitals, clinics and pharmacies