Page 2854 - Company News
Bharat Biotech's coronavirus vaccine may be launched in February
Moderna and AstraZeneca are close behind the largest US drugmaker and are likely to have early data on their vaccine candidates before the end of the year.
 "Bharat Biotech's coronavirus vaccine may be launched in February")
Toshiba Infra, French firm jointly win water treatment project in Bengaluru
Toshiba Infrastructure on Thursday said its arm TWS has won a water treatment plant contract from the Bangalore Water Supply and Sewerage Board jointly with Suez S.A. France subsidiary
 "Toshiba Infra, French firm jointly win water treatment project in Bengaluru")
Schott Kaisha to invest Rs 105 cr to expand vial production capacity
Pharma packaging firm Schott Kaisha on Thursday said it is investing Rs 105 crore in its existing facilities to increase vial production by 30 crore pieces.
 "Schott Kaisha to invest Rs 105 cr to expand vial production capacity")
Multiplex chain operator Inox Leisure posts Q2 net loss of Rs 68 crore
Inox Leisure on Thursday reported a consolidated net loss of Rs 67.83 crore for September quarter as its film exhibition business was closed due to the pandemic-induced lockdown
 "Multiplex chain operator Inox Leisure posts Q2 net loss of Rs 68 crore")
Manipal Hospitals looks for expansion with Columbia Asia acquisition
The acquisition of Columbia Asia will expand the privately-held chain's geographical reach, especially in the underserved eastern region
 "Manipal Hospitals looks for expansion with Columbia Asia acquisition")
Harsh Vardhan Lodha chairs Birla Corp's board meeting on financial results
It was the first board meeting of the company that Lodha chaired after the Calcutta High Court order in October
 "Harsh Vardhan Lodha chairs Birla Corp's board meeting on financial results")
Govt to increase cap on domestic flights to 70-75% of pre-Covid levels soon
The ministry had said last week that Indian carriers can operate a maximum of 60 per cent of their pre-Covid domestic passenger flights till February 24 next year
 "Govt to increase cap on domestic flights to 70-75% of pre-Covid levels soon")
Business Standard Awards: Watch the winners share their vision at 4:30 pm today
Register on bsawards.in and join us at 4:30 pm on November 5 for an insightful discussion among the best in business
 "Business Standard Awards: Watch the winners share their vision at 4:30 pm today")
M&M offers discount, other benefits to govt employees on vehicle purchase
Mahindra & Mahindra announced various benefits, including an additional cash discount of up to Rs 11,500, lower interest rates and easy EMIs, for government employees on its vehicle purchases
 "M&M offers discount, other benefits to govt employees on vehicle purchase")
Axis Bank to acquire shares in CSC e-Governance for Rs 36 crore
Axis Bank has acquired over 57,700 shares in CSC e-Governance Services India Ltd for Rs 36.38 crore, the lender said on Thursday.
 "Axis Bank to acquire shares in CSC e-Governance for Rs 36 crore")
Birlasoft net profit up 69% at Rs 69 crore for September quarter
Birlasoft, part of the USD 2 billion diversified C K Birla Group, on Thursday reported a 69.3 per cent rise in consolidated net profit at Rs 69.1 crore for the September quarter.
 "Birlasoft net profit up 69% at Rs 69 crore for September quarter")
SBI has strength to operate next 12 months due to strong deposit: S&P
State Bank of India (SBI) has the financial strength to withstand tough operating conditions in the next 12 months due to its strong deposit franchise and liquidity, global rating agency S&P said.
 "SBI has strength to operate next 12 months due to strong deposit: S&P")
Lockdown blues over, economy improving: Winners of Business Standard awards
Larsen & Toubro won the Company of the Year award and Wipro founder Azim Premji won the Lifetime Achievement award
Saudi Public Investment Fund to invest Rs 9,555 crore in Reliance Retail
This investment values Reliance Retail Ventures Limited (RRVL) at a pre-money equity value of Rs 4.587 trillion
 "Saudi Public Investment Fund to invest Rs 9,555 crore in Reliance Retail")
Profit surge shows SBI can withstand tough operating conditions: S&P
However, asset quality may slip; GNPAs could rise to 8.5%
 "Profit surge shows SBI can withstand tough operating conditions: S&P")
Reliance Industries to appeal in Supreme Court against SAT ruling
RIL said it will move SC against dismissal of its plea by SAT against a Sebi ruling barring the firm, 12 promoter group entities from dealing in equity derivatives for alleged unfair trade practices
 "Reliance Industries to appeal in Supreme Court against SAT ruling")
Maruti Suzuki recalls 40,453 Eeco units to fix issue with headlamp
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said it is recalling 40,453 units of its multi-purpose vehicle Eeco to fix an issue with the headlamp
 "Maruti Suzuki recalls 40,453 Eeco units to fix issue with headlamp")
Suzuki Motor forecasts full-year operating profit to shrink by a quarter
Suzuki Motor Corp forecast operating profit to fall by a quarter to 160 billion yen ($1.53 billion) in the year to March as sales, including in its key Indian market, shrank amid coronavirus pandemic
 "Suzuki Motor forecasts full-year operating profit to shrink by a quarter")
CRISIL upgrades rating on Tata Power NCDs, long-term bank facilities
Tata Power said CRISIL has upgraded its rating on the company's non-convertible debentures and long-term bank facilities
 "CRISIL upgrades rating on Tata Power NCDs, long-term bank facilities")
BMW launches Mini John Cooper Works Hatch in India at Rs 46.9 lakh
German luxury carmaker BMW launched limited edition Mini John Cooper Works Hatch in India priced at Rs 46.9 lakh (ex-showroom)
 "BMW launches Mini John Cooper Works Hatch in India at Rs 46.9 lakh")