Page 2875 - Company News

Looking to expand presence, Vestas bets on India specific wind turbines

The expansion plans of the Danish major comes at a time when India saw its lowest-ever wind power capacity addition during last fiscal year

Zydus Cadila gets USFDA nod for overactive bladder treatment drug

Drug firm Zydus Cadila on Tuesday said it has received final approval from the US health regulator to market Solifenacin Succinate tablets, used for treatment of overactive bladder

IFC to invest $75 mn in Indospace Logistics to develop industrial parks

The funding will provide Indospace with long-term finance against the backdrop of the Covid-19 pandemic to continue investing and developing select projects

L&T set to win one of the largest civil works tenders for bullet train

Not just the employment market, the production and manufacturing markets are also expected to benefit from the project.

Recovery eludes bus sales as schools, public transport remain shut

Sales of heavy duty and light buses reported a steep decline of 95.31 per cent and 82.48 per cent respectively in the first half of the current year over the corresponding period

Multiple growth catalysts falling in place for Natco Pharma: Analysts

Strong impetus to exports by a mega product launch in North America and business outside the US bode well for earnings

Bank of Maharashtra Q2 profit up 13% to Rs 130 cr on higher interest income

Net interest margin stood at 2.62 per cent for the quarter as against 2.77 per cent in the year-ago quarter.

Margin gains, debt reduction boost Tata Communications' September qtr

Revenue growth momentum, profitability will be key triggers

HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.

The insurer also saw a 15% rise in first year premium in Q2FY21 at Rs 1,675.15 crore, compared to Rs 1,452.72 crore in the corresponding period last year

General Insurers should be allowed in surety bond biz: Irdai working group

This is because surety bond insurance is yet to develop in India and risk exposure under this business is significant compared to other more mature lines of business

Equitas SFB IPO: Attractive play on diversification and valuation

At the price point of Rs 32 - 33, reasonable upside is left on the table for investors

Jet Airways revival: Will it get back its slots and traffic rights?

Slot demand and allocation will depend on the fleet size, aircraft utilisation, and network.

Dubai trip plus Apple iPhone 12 cheaper than buying phone in India

Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India

Vineet Nayyar resigns as executive VC of IL&FS Group over health issues

The board has accepted his resignation with effect from October 31, and granted him leave till then

Frequent policy changes, taxes hurting luxury car market: Audi India head

Cars priced above Rs 25 lakh account for a per cent in India's 3 million-car market and share has remained unchanged over the last five years

Edelweiss alt investment arm raises $900 mn in largest funding this year

Investors include Ontario Teachers' Pension Plan Board, Florida's State Board of Administration, Swedish Pension Fund - AP4 and a European insurance investor

Edelweiss's healthcare fund offers benefit of international diversification

Allocation to a thematic offering like the newly-launched healthcare index fund should, however, be limited

After muted Q2 show, DMart's sales may gain traction in third quarter

Margin trajectory, however, depends on festival season discounts, share of general merchandise

Losing momentum: Three years on, Amtek Auto still awaits IBC resolution

After an encouraging start, the IBC, launched by the Modi government in 2016, is losing momentum. The first of a 5-part series looks at Amtek Auto's resolution process

Hatsun Agro plans to raise Rs 900 cr via QIP for multiple projects

Firm is setting up a number of milk and milk product units in Maharashtra, Tamil Nadu and Telangana