Page 2866 - Company News

IKEA parent planning to expand footprint, set up shopping malls in India

The Swedish company has 45 such shopping centres across 15 countries, and, together, they have attracted over 450 million visitors.

Toyota launches first regional stockyard at Guwahati to cut delivery time

Toyota announced the launch of its first regional stockyard in Guwahati, which aims at reducing delivery time from the current 13 days to a maximum of two days for dealers in the northeastern states

CDSL IFSC branch in Gujarat gets recognition as foreign depository

The objective of the branch is to make IFSC the ''go-to'' location for global investors and be the preferred choice amongst the financial markets

Over 1 mn small enterprises shop on Amazon Business during festive sale

The number of buying customers, largest ever for any Amazon Business event, saw a 61% spike compared to Great Indian Festival 2019

Tech giant IBM, Indian Oil Corporation collaborate for digital services

Tech giant IBM on Thursday said it has collaborated with Indian Oil Corporation Ltd (IOCL) to transform the latter's customer experience using digital tools

Three directors quit Piramal Entreprises board to aid succession planning

Keki Dadiseth, Dr. R.A. Mashelkar and Prof. Goverdhan Mehta, independent directors on the board of Piramal Enterprises have resigned, the company informed BSE

Dr Reddy's partners Dept of Biotech for vaccine clinical trials in India

Dr Reddy's Laboratories Ltd announced its partnership with BIRAC, DBT, for advisory support on clinical trials of Sputnik V vaccine in India

HAL, Tech Mahindra sign Rs 400 cr contract for 'Project Parivartan'

Hindustan Aeronautics Ltd and Tech Mahindra signed a contract worth Rs 400 crore for implementation of Enterprise Resource Planning (ERP) to support HAL's 'Project Parivartan'

Pidilite acquires consumer and bazaar business of Araldite for Rs 2,100 cr

Pidilite Industries is acquiring complete interest in HAMSPL for a consideration of about Rs 2,100 crore to consolidate its leadership position in the domestic adhesive market

IGL to foray into electric vehicle charging in tie-up with Mahindra Powerol

According to A K Jana, managing director, IGL, the company through this tie-up would be scaling up to 100 EV charging stations within a year

Alliance Air to focus on cost control, phasing out of expat pilots

Alliance Air, which is the largest regional airline, is currently operating 77 daily flights compared to 126 last year

REA to buy controlling stake in Elara for $70 mn; News Corp to raise stake

Elara will continue to operate as a stand-alone entity within the REA Group structure

Sanofi, GSK to supply Covax with 200 million doses of coronavirus vaccine

Sanofi and GSK have signed a Statement of Intent with Gavi, a global risk-sharing mechanism for pooled procurement and equitable distribution of eventual Covid-19 vaccines.

Air India Express reports highest-ever net profit at Rs 412.77 crore

Air India's low-cost international subsidiary Air India Express reported its highest-ever net profit, at Rs 412.77 crore for the financial year 2019-20

Agri reforms a move in the right direction, says HUL MD Sanjiv Mehta

If these reforms were implemented appropriately, Mehta noted that rural areas could continue growing over the long term.

From Gangtok to Gir, Flipkart and Amazon festive sales traverse India

The coronavirus pandemic has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency

Tata Sons rebuffs US-based fund Interups' offer to buy AirAsia stake

Interups had not only offered to buy the 49 per cent owned by AirAsia Berhad but also Tata Sons' 51 per cent at the same valuation

Rebound in demand helps UltraTech Cements lead over peers in Sept qtr

Ambuja, ACC also put up good showing, which has led to a significant earnings upgrade for the trio

Titan Company: Recovery in jewellery biz restricts hit to Q2 performance

Revenue growth, however, could stabilise once recovery picks up

Healthy growth in India, US helps Dr Reddy's post strong Q2 performance

Wockhardt buy, Covid portfolio aid India business growth