Page 2859 - Company News

Unilever says UK High court approved cross-border merger between entities

Unilever's cross-border merger between its Dutch and British corporate entities has been approved by the UK High Court, the company said

Aspen Pharmacare, Johnson & Johnson announce deal to make Covid-19 vaccine

South African pharmaceutical firm Aspen Pharmacare has announced a deal with Johnson & Johnson to manufacture its Covid-19 vaccine candidate if it is approved in South Africa and internationally

JSW, Liberty group may participate in strategic sale of NMDC steel plant

Nagarnar Steel Plant with 3 mn tonne capacity is likely to be commissioned by June-July next year. disinvestment process is expected to be completed by September 2021

Coal India is bleeding but govt keeps pressuring to declare large dividends

Since September 2018, CIL's cash reserves have fallen over 17 per cent to Rs 28,446.83 crore

Book excerpt: Wipro's CEO conundrum and a chronicle of Azim Premji's life

Why have so many otherwise fine CEOs failed to lift the IT major's performance? In their new book, Sundeep Khanna and Varun Sood tell the story as they chronicle Azim Premji's life

RIL shareholders lose Rs 1.2 trillion as Q2 earnings weigh on stock

Ambani slips four places on global rich list

Bandhan Bank Q2 net profit falls 5% to Rs 920 crore; NII rises 26%

Asset quality of the lender has improved both sequentially and year-on-year.

NIIF enters road and highway sector with acquisition of two Essel projects

The deal, done through NIIF Master Fund, is pegged at Rs 1,500-1,800 crore though the firms did not divulge the figure

Vedanta, Hindalco post wins in commercial coal auction; new players debut

Adani Enterprises, which was also in the race for these two mines, did not win any

YES Bank in talks with ARCs to sell bad debt worth Rs 32,344 crore

Lender names EY as advisor, has already made provisions for Rs 24,476 crore, or 76% of its gross NPA

Widening gap: Why RIL earnings have lagged behind the rise in its m-cap

Its m-cap is up 150 per cent in 12 quarters, against 24 per cent cumulative growth in net profit

Indian companies prefer commercial paper route to raise cash, shun banks

Rs 1.9 trn of short-term debt issued in September, against Rs 1.3 trillion in August

Nokia Mobiles Global VP Ajey Mehta quits to start own venture in healthcare

Mehta was also responsible for overseeing Nokia Mobiles' business in India

NTPC to buy back shares worth Rs 2,275 cr as part of restructuring plan

Gets board nod to buy back up to 197.8 mn quity shares; thermal power giant registers 4.8% growth in profit in Q2

Blackstone-backed Embassy Reit eyes large office parks for acquisition

The Blackstone-backed Reit is looking at an asset size of anywhere between 2 million square feet to 10 million square feet for acquisitions

Sanofi India: Long-term investors advised to consider the stock on dips

Analysts see 19 per cent annual growth in earnings during FY20-22 with significant rise in return ratios post sale of a facility

Godrej Properties turns to 'outright land buys' as prices decline

Sensing the distress opportunities, Godrej Properties has been creating a war-chest to acquire land parcels.

DLF: Investors should await total biz recovery before considering stock

With the Cyber Park project rents commencing, expect the growth on the rental front to remain steady

Buoyant mgmt outlook, rising share of retail loans bode well for ICICI Bank

Q2 Net NPA at 1% is the best since FY16; margin for error on asset quality may be very limited

IndiGo, Stemz Healthcare to offer pre-flight RT-PCR test to passengers

To book a test, passengers can take appointments online on IndiGo website through a co-branded URL page based on their travel date, the release noted