Page 2865 - Company News

Havells delivers a strong beat in Sept quarter operational performance

While cost control drove margins and consumer demand rebounds, further gains may restricted as projects business is yet to recover and valuations are stretched

Axis Bank: Overall numbers better forecast, rising stressed loans tricky

Overall numbers bettered expectations, rising pool of stressed loans may be the tricky aspect

Air India bidding to be on enterprise value, deadline extended till Dec 14

Minister says says bidding will be completed by end of December, will attract parties who till now had constructed the debt amount as a minimum threshold bid amount.

Shapoorji Pallonji Group stakes claim in all Tata companies, seeks division

Mistry family's group claims a 13.22 per cent stake in Tata Consultancy Services and a pro-rata share of the Tata brand

WeWork eyes traditional companies, MNCs to hit profitability by 2021-end

Although the company is seeing demand gradually return to pre-Covid levels, it will still take up to the middle of next year for the demand to return to 65 per cent of pre-Covid occupancy levels

Electric shared mobility vehicles to take a backseat: M&M's Pawan Goenka

E-vehicles used in last mile delivery of goods expected to grow at a fast clip

TVS Motor clocks Rs 196.41 cr profit in Q2, reports revenue of Rs 4,617 cr

Production and sales improved from July as supply chain was strengthened despite the Covid-19 pandemic, says company.

Vodafone Idea Q2 net loss narrows to Rs 7,218 crore on lower provisioning

The telecom company reported revenue of Rs 10,791 crore in the second quarter of FY21

SFIO searches Sahara's office in Lucknow, probe against group widens

Group's companies suspected to have diverted a huge amount of money to other subsidiaries after taking collections from depositors.

Making short-term margin trade-offs to accelerate growth: Cognizant CEO

Strong performing employees will be rewarded for what they have done, he says

Amazon asks Sebi, bourses to note arbitration ruling on Future-RIL deal

The sources said that Amazon has shared a copy of the interim judgement with Sebi, BSE and NSE

Samsung India eyes 40% biz growth with new smartphones, finance schemes

Korean group has lined up a dozen new smartphones--ranging from Rs 5,000 to Rs 150,000--to lure consumers in all segments.

Amtek Auto's lenders invoke personal guarantee of former promoter

The issue of personal guarantee of a corporate debtor under Insolvency and Bankruptcy Code has been challenged in various high courts

IBC rule on personal guarantees no help to promoters blaming managers

Payment of bank loans by a company is an obligation under the contract law and fraud by professionals is a criminal matter, says government official.

KKR launches platform to acquire renewable energy assets in India

Virescent would manage renewable energy assets and KKR's Infrastructure Fund would make the investments.

Nitin Gadkari's criticism of NHAI casts shadow on the body's functioning

At the heart of his criticism is the delay in decision making and a lack of monitoring. Some officials, however, blamed the delays on overambitious contractors

Tata Chemicals net profit down 64% to Rs 132 cr in September quarter

Its net profit stood at Rs 367.31 crore in the year-ago period

Coca-Cola India net profit falls 2% to Rs 619.4 cr in 2019-20, says Tofler

The company had posted a net profit of Rs 632.26 crore in 2018-19, Tofler said

Paytm Payments Bank issues 5 mn FASTags, aims to double in 3 months

PPBL is also enabling automatic cashless payments at 211 toll plazas across the country and has become the largest acquiring bank under National Electronic Toll Collection (NETC) programme

Hiring activities in retail, e-commerce bouncing back gradually: Naukri

Retail segment, which has been badly hit due to lockdown, is bouncing back gradually with an uptick in hiring of 15 per cent in September when compared with the previous month, according to a report