Page 2917 - Company News

Honda bets big on recovery of rural demand, upcoming festive season

Rural sales at present are around 23 per cent of overall sales, which is nearly the same as in pre-Covid times

Despite odds, fund raising via equity issues jumps 28% in Apr-Sep

The fund raising through public and rights of issue of equities increased nearly 28 per cent to Rs 76,830 crore during the first half of financial year 2020-21

Recovery in US commercial vehicle sales to support Bharat Forge's revenues

Some of the gains could be offset by weak India business and the oil and gas vertical

Smart or rash? SpiceJet flies in the face of logic amid Covid-19 pandemic

Some admire the way the airline has reacted to Covid crisis but with the airline announcing plans last week to start direct flights to London in the winter of 2020, the list of naysayers is growing

Indiabulls housing fin sells some more stake in OakNorth Bank for Rs 441 cr

The proceeds will be used to bolster the capital adequacy ratio of the lender

No change in TCS campus hiring plan despite all-time low attrition

Company to allow candidates to write qualifier test remotely this year

Car makers pull all stops to beat the pandemic blues ahead of festivals

The benefits range from cash discounts, attractive EMIs to Covid-19 cover

Ashok Leyland's output at 75% of pre-Covid levels: COO Anuj Kathuria

In a Q&A, Anuj Kathuria dwells on the segment shift towards intermediate commercial vehicles (ICVs) and tippers

Higher ethanol prices, procurement can boost sugar sector's prospects

Increase in minimum price of cane and export policy in new sugar season are also crucial to drive earnings

RBI's pro-growth policy brings cheer to D-Street, experts warn of bubble

Helped by pent-up demand and inventory push ahead of the festive season, earnings growth in September quarter is anticipated to be better than June's performance

IBM split won't impact Indian operations, says CEO Arvind Krishna

IBM is uniquely positioned in India, which is not only a large market for the Big Blue but also houses a big chunk of its global employee base.

Anil Agarwal's mega bid to take Vedanta private runs into rough weather

In the event, Vedanta RBB fails to get bids for at least 1.34 billion shares--- the minimum required for the promoters to acquire 90 per cent shareholding-the delisting bid would fail

India can become 2nd largest economy, will add 548,000 jobs: Salesforce

Salesforce is estimated to have market capitalisation of around USD 240 billion

Amazon's arbitration proceedings against Future Group may start from Nov

This follows a dispute over the Future's sale of its retail and wholesale businesses to Reliance Industries Ltd (RIL)

Magicbricks sees 30-40% rise in online searches from pre-Covid level

Realty portal Magicbricks on Friday said the property searches on its platform has increased 30-40 per cent from the pre-COVID levels

Mid-corporates staring at 16% revenue drop in 2020-21, says India Ratings

In its previous forecast in May, the agency had forecast 6.02 per cent fall in aggregate revenue.

ONGC to take Rs 7,000 cr hit over gas price; govt may alter pricing formula

Prices touched historic low of $1.79 per mmBtu for October-period of current financial year, down 25% from $2.39 per mmBtu during April-September period

Steel companies lean on Indian market, post strong volume sales in Q2FY21

They have also been hiking prices almost every month, the latest being in October by Rs 1,500-2,000 a tonne, depending on the product category

YES Bank case: CBI registers case against HDIL promoters Wadhawans

Searches conducted at residences, offices of Wadhawans

Madras HC orders formation of panel to ensure self-reliance in cancer drugs

In its judgment the court said India can not be dependent on China for APIs and ordered the formation of a five member committee to ensure self-reliance