Page 2900 - Company News

Infosys outshines rivals with Q2 performance; net profit jumps 20.5%

Revenue grows 86%; firm revises revenue and margin guidance upward

CCEA gives in-principle nod to demerger, strategic disinvestment of NSP

After the demerger, NSP will become a separate company and the managements of NMDC and NSP will be accountable for their respective operations and financial performance

Most start-up segments recover post lockdown; edtech & health care lead

The start-up ecosystem is expected to have created 700,000-750,000 direct and 2.6-2.8 million indirect jobs in total for the year ending 2020, further cementing its recovery

Tata Steel: Rising demand, steel prices and integrated ops bode well

During Q2, Tata Steel not only achieved its highest-ever domestic deliveries of 5.05 million tonnes (MT), volumes at its European operations too, rebounded to year-ago levels

Wipro: Investors should await growth outperformance, margin gains

Wipro was lagging its peers in the past on the back of muted revenue growth, falling margins, loss of market share in deal renewals and pricing pressures

Hindustan Zinc, Gujarat govt sign MoU for Rs 10,000 cr greenfield smelter

Located over 100 km from Hazira port and 90 km from the upcoming Magdala port, the unit will occupy 415 acres and will be operational by 2022

Den Networks Q2 consolidated net profit declines 61.4% to Rs 36 cr

The company had reported a net profit of Rs 95.30 crore in the September 2019 quarter, Den Networks said in a regulatory filing

E-commerce industry sees order volume growth of 31% during July-Sept 2020

After the lockdown was lifted across the country, this was the first quarter in which businesses were operational in a large part of the country

Property developers give up profit margins for sales volume: Analysts

Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market

Tatas, private equity investors in talks with BigBasket for stake buy

Firm continues to see huge traction as it enters year-end sale period

Hindustan Zinc, Gujarat govt sign pact to set up zinc smelter plant

Vedanta Group firm Hindustan Zinc Ltd (HZL) on Wednesday said it has signed a pact with Gujarat government to set up a greenfield zinc smelter in the state.

US watchdog probes Jockey's India partner over rights abuse allegations

Page has denied wrongdoing and called allegations of verbal abuse and workplace intimidation against employees 'outrageous'

Covid-19: Bharat Biotech cuts Covaxin phase-2 clinical trial size by half

For phase-2 studies, the firm is also testing the vaccine on children above 12 years of age. In phase-1, they only tested adults.

Vedanta's failed delisting triggers debate on FDI tag, limited disclosure

Officials said the assumption that Vedanta's delisting would have been successful at a price of Rs 140 was "completely misplaced

After TCS, Infosys announces salary hikes as sector overcomes pandemic

Hike will be effective from January 1 next year, quantum to be similar like last year

3.9 million flyers in September, 66% lower than last year, says DGCA

India's largest airline, IndiGo's market share came down to 57.5 per cent from an all-time high of 60.4 per cent in July

Centre mandates all ministries, public depts to use BSNL, MTNL services

The memorandum dated October 12, was issued to all secretaries and departments under the central government following consultation with the finance ministry

Tata Steel BSL posts Rs 341.71 crore net profit for September quarter

Tata Steel BSL on Wednesday posted a consolidated net profit of Rs 341.71 crore for the quarter ended September 2020, helped by higher income

GreenBase, Tamil Nadu sign MoU to set up industrial, logistics park

The setting up of the park would see creation of multiple direct and indirect jobs besides boosting the socio-economic growth in the regiongreenbase

Bharti Airtel ties up with global firms, kicks off ORAN tech plan

ORAN is based on open platforms rather than the traditional proprietary technology offered by incumbent gear makers