Page 2860 - Company News

WF Asian sells Fortis Healthcare shares worth over Rs 50 crore

WF Asian Smaller Companies Fund Ltd on Monday sold shares of Fortis Healthcare Ltd worth over Rs 50 crore through an open market transaction.

BPCL eyes doubling bunkering sales volume to 14 tmt with terminal upgrade

BPCL has upgraded its bunkering facility with five jetties that can now pump the oil into ships from the pipelines at the Marine Oil Terminal on the Butcher Island, off the east coast of the city.

Renewable Energy Development eyes Rs 2,406 crore revenue in FY21

State-owned Indian Renewable Energy Development Agency Ltd (IREDA) is eyeing Rs 2,406 crore revenue in the current financial year.

Greenlam Industries reports 32.5% decline in Q2 net profit to Rs 18.54 cr

The company had reported a net profit of Rs 27.50 crore in the July-September quarter a year ago, Greenlam Industries Ltd said in a BSE filing

Financed Rs 400 cr worth of purchases since March: Capital Float

Fintech platform Capital Float on Monday said it has financed customer purchases worth Rs 400 crore since March 2020 and witnessed 350 per cent growth in its buy-now-pay-later customer base.

Honda Motorcycle total sales rise 2% at 5,27,180 units in October

Honda Motorcycle & Scooter India (HMSI) on Monday reported a 2 per cent increase in its total sales at 5,27,180 units for October.

Techfynder to add 150,000 professional contractors in India by 2021

Techfynder, one-stop solution for hiring IT contractors globally, on Monday said it is planning to register 1,50,000 professional contractors in India by next year.

Triveni Turbines net down 51% to Rs 24.39 crore in July-September

Triveni Turbines on Monday reported over 51 per cent decline in its consolidated net profit to Rs 24.39 crore for the September quarter compared to the year-ago period mainly due to lower revenues.

Govt owned NABARD gives clean chit to Reliance Commercial Finance

NABARD, the second largest lender to Reliance Commercial Finance Limited (RCF) with over Rs 1,100 crore of secured loan exposure, has given a clean chit to RCF and has removed its red flag

Sterlite Technologies to acquire Italy-based optical products firm Optotec

Sterlite Technologies (STL) on Monday said it will acquire Optotec, an optical interconnect products company based in Italy.

NTPC board okays extension of tenure of CMD Gurdeep Singh till July 2025

State-run power giant NTPC's board on Monday approved the extension of tenure of the company's chairman and managing director Gurdeep Singh till July 31, 2025.

Auto major Tata Motors sales increase 27% to 49,669 units in October

Homegrown auto major Tata Motors on Monday reported 27 per cent growth in its total domestic sales to 49,669 units in October.

Kia Motors logs in best ever monthly sales in October with 21,021 units

Kia Motors India on Monday reported its highest ever monthly sales at 21,021 units in October, registering 64 per cent jump from the same period last year.

AAI hands over Lucknow airport to Adani group on lease for 50 years

The AAI had signed concession agreements with the Adani group on February 14 for operations, management and development of the Mangaluru, Lucknow and Ahmedabad airports

Reliance EBITDA improves on rebound; balance sheet strengthened: Moody's

Reliance Industries has reported a 7.9 per cent EBITDA growth for the July-September quarter compared with the preceding three months

Reliance Capital invites bids for stake sale in subsidiaries to clear debt

Reliance Capital, part of Reliance Group, has invited bids for its subsidiaries, including Reliance General Insurance and Reliance Nippon Life Insurance, to repay loans of Rs 20,000 crore

India home healthcare industry to hit $11-13 billion by 2025: Report

The home healthcare industry in India is expected to continue growing at 15-19 per cent a year to touch $11-13 billion by 2025 from $5.4 billion currently, a Redseer Consulting report said on Monday

NTPC board okays buyback of 197.8 million equity shares worth Rs 2,275 cr

The company has fixed November 13, 2020 as the record date for the purpose of ascertaining the eligibility of shareholders for buyback of equity shares

Telecom sector Q2 revenue growth at 5% on easing of lockdown curbs: Report

Telecom sector's revenue growth picked up to about 5 per cent in the September quarter against 1 per cent in the June quarter after relaxation of lockdown curbs, according to a latest report

Tata Power sells Defence business to Tata Advance Systems to prune debt

Sale will garner enterprise value of Rs 1,076 cr as upfront payment; was completed as per a 'Scheme of Arrangement' approved by NCLT