Page 2872 - Company News

It is a game of skill: Rajasthan High Court rejects plea to ban Dream11

Court says games offered on platform involve skill, not chance; rules that issue of GST evasion, as alleged in the plea, will be decided by GST authorities

India needs MMF fabric at right price to capture global apparel trade: AEPC

India has abundant supply of manmade fibre (MMF) and yarn but needs the fibre at the right price to capture greater share in the global apparel trade, AEPC said on Tuesday.

Motherson Sumi inks pact to acquire Bombardier's electrical wiring biz

Motherson Sumi on Tuesday said it has inked a pact to acquire Bombardier's Mexico-based electrical wiring interconnection systems (EWIS) business for around USD 10 million

Ratnagiri Gas and Power approaches lenders for one-time loan settlement

The company has requested its lenders for the OTS, for which the lead lender has given in-principle approval with cut-off date considered as September 1, 2020

Qualcomm Technologies, Reliance Jio jointly test 5G solutions for India

They have achieved over 1 Gbps speed on the Reliance Jio 5GNR solution and the Qualcomm 5G RAN Platform

Lenders waiting for Godot in Videocon insolvency as IBC wheels turn slow

Banks have been waiting for their dues since 2017 as the issue over naming of resolution professional and consolidation of all group firms into one resolution plan delayed the whole process

Dxomark plans to engage with Indian tech companies in 2021, says CEO

Mobile camera and display rating firm Dxomark plans to visit India to engage with technology companies in 2021 to work on quality parameters of their products

IT company L&T Infotech's Q2 net profit rises 27% to Rs 457 crore

IT company L&T Infotech (LTI) on Tuesday reported a 26.7 per cent increase in consolidated net profit to Rs 456.8 crore for the quarter ended September 2020

Hindustan Zinc Q2 profit dips 6.7% to Rs 1,940 cr due to higher expenses

The company had posted a net profit of Rs 2,081 crore in the year-ago period, HZL said in a filing to BSE

Moody's places Vedanta Resources CFR under review for downgrade

This stems from increase in refinancing risk and large funding needs at holding company level, following firm's failure to delist Vedanta Ltd

US-based Oaktree offers Rs 20k-cr for DHFL, Piramal, Adani also in fray

Piramal offers Rs 15,000 cr for retail book, Adani offers Rs 3,000 cr for SRA, construction fin books

We are not looking for equity investor at present: Suzlon's Tulsi Tanti

The company had said in July that it had completed the restructuring and term debt had reduced substantially

Covid-19 impact: Reckitt Benckiser cashes in as hygiene takes centre stage

The pandemic's arrival had provided the much-needed tailwind for Reckitt Benckiser in India

Covid-19 antigen testing: India next stop for Siemens Healthineers

The investment is part of Siemens Healthineers' strategy 2025, in which India plays an important role as a growth market for the firm.

Jet Airways may fly again in 4-6 months after new management takes over

Now, after the Kalrock-led consortium takes over the airline, the first task would be to retrieve its slots which were temporarily distributed among other players

Britannia shifts focus to small packs as in-home consumption tapers

Rs 5 price point to the straddle portfolio as out-of-home consumption slowly comes back

Mercedes-Benz India to domestically produce AMG vehicles in India

Luxury car maker Mercedes-Benz India has decided to produce its high-end performance AMG vehicles sub-brand in India

20 new IT firms have set up operations in Kerala amid easing of curbs

Amid easing of lockdown curbs, at least 20 new IT firms have set up operations in Kerala and five existing firms have sought more space as part of their expansion plans, the state government said

IIT alumni Prachur Sah appointed as new Deputy CEO of Cairn Oil and Gas

Cairn Oil & Gas is a vertical of Vedanta Limited

Mphasis, R3 join hands to develop blockchain-based payments solution

Mphasis, an Information Technology (IT) solutions provider specialising in cloud and cognitive services, on Tuesday announced its partnership with R3, a leading global enterprise software firm.