Page 2856 - Company News

Mumbai, Pune see residential property sales pick-up following lockdown

The highest traction in sales was observed in properties priced between Rs 50 lakh and Rs 1 crore in Mumbai

Aviation recovery to be delayed as govt extends 60% cap on flight capacity

Move runs contra to aviation minister's earlier statement on likelihood of raising ceiling to 75% of pre-Covid scheduled domestic flights

Europacific Growth Fund offloads shares of Adani Ports worth Rs 906 cr

As per BSE bulk deal data, over 2.57 crore scrips were sold at Rs 352.01 apiece, translating into a deal value of Rs 906.76 crore

Nearly 90% companies planning salary hikes in 2021: Aon India Survey

Quantum of hikes also set to improve, as 61% are planning increments of 5-10% as compared to only 4.5% in 2020

Inverted Energy opens lithium battery manufacturing facility in Delhi

The commissioning of the plant, which currently has a production capacity of 100 MWh (megawatt hour) annually, is aimed at reducing dependence on China, Inverted Energy said in a release

ED files first chargesheet against Kochhars, Dhoot in ICICI-Videocon case

It slapped money laundering charges against the Kochhars and their business entities for "illegal sanctioning of loans amounting to Rs 1,875 crore to the Videocon Group of companies"

Tata vs Shapoorji Pallonji case adjourned; hearing expected after Diwali

Mistry has pegged the valuation of the firm's 18.4 per cent stake in Tata Sons at Rs 1.78 trillion.

SC stays execution of $1.2 bn pay order against ISRO's Antrix by US court

The US District Court, Western District of Washington, ordered Antrix to compensate Devas to the extent of $562.5 million coupled with the interest -- the total damages coming to about $1.2 billion

School pass-outs, engineers among Flipkart's top sellers in festive sale

Fipkart says these sellers are continuing to grow rapidly with the pandemic accelerating shift to e-commerce

Trade group accuses Amazon of violating FDI policy, company denies charges

Traders' body CAIT on Wednesday accused e-commerce major Amazon of violating FDI policy and Foreign Exchange Management Act (FEMA) norms, a charge which the multinational company denied

Vistara expects to operate all pre-Covid domestic flights by Apr 2021: CCO

Vistara is expecting to operate 100 per cent of its pre-Covid domestic passenger flights by April next year, said its Chief Commercial Officer (CCO) Vinod Kannan on Wednesday

Reliance Jio officials depose before parliamentary panel on data security

Executives of Jio Platforms and Reliance Jio Infocomm were asked if there is any data-sharing mechanism between the company and its investors Facebook and Google

Adani Gas to acquire three of Jay Madhok Energy's city gas licences

Adani Gas on Wednesday announced acquisition of city gas licences for Ludhiana and Jalandhar in Punjab and Kutch (East) in Gujarat from Jay Madhok Energy

Telcos need to boost ARPUs by 25%, may have to hike tariffs again: Crisil

Telcos need to boost their average revenue per user by at least 25 per cent in the next year to be sustainable, which would result in another round of tariff hikes, domestic rating agency Crisil said

Gland Pharma IPO price band at Rs 1,490-1,500, offer opens on Nov 9

Gland Pharma, which announced itsabout Rs 6,500 crore IPO, has set a price band of Rs 1,490-1,500 per share (face value of Rs one) and the issue will be open on November 9, an official said

Average pay hike at 6.1% this year; likely to be 7.3% in 2021: Survey

Companies in India doled out an average salary increase of 6.1 per cent this year, the lowest in more than a decade, but are expected to give a pay hike of 7.3 per cent in 2021, says a survey

GAIL India issues tender to buy and sell LNG cargoes: Report

GAIL India has issued a tender offering two liquefied natural gas cargoes for loading in the United States and is seeking two cargoes for delivery into India, two industry sources said

TVS Motor partners Pilipinas Petroleum to offer Shell loyalty cards

Chennai-based TVS Motor Company on Wednesday said it has partnered with Pilipinas Shell Petroleum Corporation in the Philippines for providing its customers access to Shell loyalty cards

E-commerce battle: Metro Cash & Carry offers kiranas a stepping stone

In a first, firm to take stores to tier-2, tier-3 towns as battle with Amazon, Reliance Retail intensifies

Abu Dhabi sovereign fund first to get 100% tax exemption in infra

It is the first foreign SWF to get 100 per cent tax exemption in the case of income from interest, dividend, and long-term capital gains for its investment in infrastructure