Page 2873 - Company News

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.

Britannia expects rural to contribute 35% turnover in next 18 months

Food company Britannia Industries expects the rural segment to account for about 35 per cent of its total sales in the next 18 months from 30 per cent currently on the back of network expansion

Indian Energy Exchange reports 9% decline in Q2 profit at Rs 44 cr

The Indian Energy Exchange (IEX) on Tuesday reported 9 per cent decline in consolidated net profit at Rs 44.33 crore for September quarter 2020-21

7-day festive sales set to break records amid order surge from small towns

With the one-week festive sales in the Covid-hit year set for grand finale on October 21

Men's wear brand Indian Terrain Fashions ties up with Fairtrade India

Indian Terrain Fashions Ltd on Tuesday said it has tied up with Fairtrade India to offer fashion collections with an eye on serving the farmers of Gujarat besides protecting the environment

ONGC, Indian Oil Corp raise Rs 3,140 cr in debt to meet business expenses

In separate regulatory filings, the two firms said they raised the debt through non-convertible debentures (NCDs)

NHPC board approves merger of Lanco Teesta VI hydro power project

The project will supply power at a levelised tariff of Rs 4.07 per unit and is likely to be completed in the next four years

Indian IT cos to pay 40% higher wages due to new visa rules: US think tank

Major players likely to ramp up local hires in US and go for offshoring to dodge visa and other cost issues

Uptick in passenger vehicle sales to raise aftermarket demand: ACMA

The automotive industry is shifting gears as it witnesses an uptick in vehicle consumption in the second quarter of the current financial year, ACMA said

Siemens Healthineers to invest Rs 1,300 cr in India innovation hub

The company also said it has plans to hire an additional 1,800 digital tech experts in the next 10 years

DCM Shriram Q2 net profit up marginally at Rs 118.37 cr on higher sales

Expenses also remained higher at Rs 1,910.48 crore, compared with Rs 1,636.95 crore a year ago.

Shriram Transport Finance raises Rs 100 cr via NCDs on pvt placement basis

The issue size was Rs 100 crore, and the tenure of the bonds is 560 days (18 months and 13 days)