Page 2885 - Company News

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

Dr Reddy's: Progress in Covid vaccine trials to boost firm's growth outlook

Good momentum in US and domestic sales, along with Covid-19 treatment portfolio is already driving analysts to upgrade earnings estimates

Saral Jeevan Beema for Bharat: Irdai introduces standard life product

All insurers to offer the product from January 1, 2020

Outside of the number one, everyone complains: BARC CEO Sunil Lulla

Industry has always been aware that niche categories try to use the data and navigate the cuts in a small way, says Lulla

Air India privatisation: Govt to ease bidding norms to attract buyers

Govt set to allow prospective suitors to bid on enterprise value

India shouldn't prevent top tech from coming in: BMW head Vikram Pawah

In the recent past, BMW ran pilots in the country with i3 electric cars in various metro cities.

Food delivery unicorn Zomato raises Rs 379 cr from US investor Kora

Gurugram-based Zomato has allotted 12,656 Class J5-1 compulsorily convertible cumulative preference shares at an issue price of Rs 3,00,235 per share to Kora

RIL's retail arm receives Rs 5,550 crore from private equity firm KKR

Reliance Retail has raised Rs 37,710 cr from multiple investors so far

Uber ropes in Amazon veteran Manikandan Thangarathnam as mobility head

The ride-hailing giant has also strengthened India tech team, taking ongoing hiring to 225 engineers

Mindtree's net profit jumps 88% to Rs 253.7 cr; salary hikes from January

The firm's revenues remained flat year-on-year at Rs 1,926 crore during the period under review and witnessed a marginal 1 per cent gain sequentially

3 firms get clinical trial approval for alternative Covid-19 drugs

The drug 2-DG is not yet an approved drug, but there have been multiple studies across the globe for treatment of cancers

RITES takes 24% stake in railway station firm, gets board representation

V G Suresh Kumar will be RITES nominee on IRSDC board; RITES' induction has brought IRSDC additional capital of Rs 48 crore

Adani Green transfers newly acquired Essel solar assets to TOTAL JV

The JV company has completed this transfer of the assets at an enterprise valuation of Rs 1,632 crore