Page 2882 - Company News

Tech Mahindra signs agreement to form joint venture with Sumitomo Corp

IT company Tech Mahindra has signed an agreement with Japan-based Sumitomo Corporation for setting up a joint venture to provide engineering service to the automotive sector

Religare Health Insurance re-brands as Care Health Insurance

Health insurance provider Religare Health Insurance has re-christened itself as Care Health Insurance.

Multiplexes expect 25% rise in operating cost due to Covid-19 SOPs

Multiplex operators expect up to 25 per cent rise in their operating costs on account of the mandatory standard operating procedures as they reopen after being shut since the outbreak of coronavirus

Lockdown impact : L&T Hyderabad Metro Rail suffers Rs 916 cr loss during H1

L&T Metro Rail (Hyderabad) suffered Rs 916 crore loss during the first six months of the current fiscal following a prolonged lockdown to contain coronavirus

ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments

Products will be sold via the firm's hypermarkets and will largely target users in the MSME space

Pfizer could apply for emergency use of Covid-19 vaccine by late Nov

It would be the first time that Pfizer or any other leading Western vaccine developer provided such a specific timeline.

What lies ahead for Sanjeev Krishan, PwC India's youngest man at the top

Over the last six 'lockdown and unlock' months, Krishan spend relentless hours on video calls and webinars to keep in regular touch with CXOs across India and abroad

India's women entrepreneurs quickly changed business for survival: Survey

Women-owned businesses saw a sharp decline in revenue: 73 per cent reported being negatively impacted by the pandemic, and almost 20 per cent were nearly wiped out

SpiceJet operates 1,000 flights to repatriate 175,000 passengers

Budget carrier SpiceJet on Friday said it has operated over 1,000 charter flights to repatriate 175,000 passengers so far in times of the pandemic

Alembic Pharma gets USFDA nod for anti-viral drug Amantadine Hydrochloride

Drug firm Alembic Pharmaceuticals said it has received approval from the US health regulator for Amantadine Hydrochloride tablets, used for treatment of influenza A virus

Zydus Cadila gets USFDA nod to market Verapamil Hydrochloride Injection

Drug firm Zydus Cadila said it has received final approval from the US health regulator to market Fingolimod capsules and Verapamil Hydrochloride Injection.

HCL Tech Q2 net profit up 18.5% at Rs 3,142 cr; revenue rises 6.1%

On a sequential basis, net profit was 7.4% higher from Rs 2,925 crore, while top line was higher by 4.2% from Rs 17,841 crore in June 2020 quarter

BPCL to cut dependence on Middle East LPG, seek bids from global suppliers

The latest tender is aimed at getting better prices for supplies compared with those from the Middle East and to diversify sources of LPG, according to the objectives listed in the document

Hospitality firms may go for fund raising to stay afloat as recovery eludes

EIH's successful rights issue to help firm reduce debt substantially, paves way for more companies to actively consider fund raising

Reliance deals accounted for 40% of all PE-VC investments in Jan-Sep 2020

Overall, private equity and venture capital firms' investments in Indian companies during the first nine months of 2020 declined 21% by value on a year-on-year basis

Explained: How Uttam Galva Steels lost its sheen amid mounting debts

The promoter group's deal-making capabilities have come back to haunt it

Infosys' valuation gap with TCS set to narrow further after strong Q2 show

Sharp Q2 outperformance, growth guidance could shrink the discount to 10 per cent from 30% at the start of the year

High tea prices could impact near term margins of Tata Consumer Products

Price hikes, distribution rejig and higher in home consumption to offset some of the pressures

Bombay High Court impleads T Rowe Price in UTI AMC's stake sale petition

This year the Officers Association filed an interim application pleading urgent hearing of the writ petition ahead of the IPO and to implead T Rowe Price as a respondent

Equitas SFB prunes IPO size by half to Rs 518 cr, issue opens Oct 20

Price band fixed at Rs 32-33 a share; promoter stake to drop to 82-83% from 95.49% currently