Page 2920 - Company News

Brickwork Ratings downgrades Lakshmi Vilas Bank's tier-II bonds

LVB's deposits ran down to Rs 23,565 crore in Q3FY20 and Rs 21,443 crore in Q4FY20

Covid-19: Over 41% workers in India face increased burnout, says report

India had the second highest percentage of workers facing increased burnout in Asia at 29 per cen

TCS to roll out salary hikes for all employees, effective October 1

Quantum of raise being worked out as firm becomes the first in IT space to announce pay increase

Wipro to consider share buyback proposal, decision on 13 Oct board meeting

Wipro is the second mega Indian IT services firm to consider a buyback programme after market leader TCS

Bajaj Finance's Q2 a damp squib despite unlocking; stock falls over 4%

Lender's caution on customer additions and fresh loan disbursals suggests the unpredictable nature of retail asset quality, say analysyts.

Jewellery segment adds sheen to Titan's Q2 recovery even during shradh

Margins would, however, continue to be muted on lower studded ornament sales and discounts

Likhitha Infrastructure IPO sails through after tweaks to structure

Garners 9.5x subscription; offer was to close Thursday but was extended due to shortfall in bids from QIBs even as retail portion saw strong demand

Amazon takes on Future Group over deal with Reliance, sends legal notice

A top industry source said the notice was unexpected as Biyani had first approached Amazon for a takeover of the Future Group companies before defaulting to its lenders and suppliers.

DGCA issues detailed ticket refund guidelines after Supreme Court verdict

The top court had, on October 1, also passed directions about the refund and credit shell formation for the bookings and cancellations done during the other time periods around the lockdown

Depositors wait for dues with Sahara Group companies under lens

In June this year, rating firm CARE said it was suspending the ratings on Sahara Hospitality as it has stopped sharing its financial information with the rating firm

Amazon India ties up with IRCTC to start online train ticket bookings

Users can check seat, quota availability on all train classes on Amazon app. They can pre-load money into Amazon Pay Balance wallet and pay in a single click

ITC's Savlon rides Covid wave to post four-fold jump in consumer spend

The brand would be the first from the personal care portfolio to clock in consumer spend of Rs 1,000 crore, says firm

BHEL, L&T, Welspun, IRCTC among 15 firms in fray for running private trains

Rail ministry had invited RFQ for private operation of passenger trains over 12 clusters consisting of 140 Origin-Destination pair of routes with launch of 151 modern trains

Bengaluru to Delhi: Demand for premium homes drives residential sales in Q2

In Mumbai, reduced stamp duty and low interest rates get customers interested in property

Urban Company introduces unlimited mental health leave for workers

Any employee who wants to avail the service would have to register on iWill

Haryana govt allots 140 acre land to Flipkart to set up fulfillment centre

The fulfilment centre will have a covered area of 3 million square feet at Patli Hazipur, Manesar in Gurugram district, the statement issued by the Haryana government said

India likely to become mobile export hub, pip China and Vietnam

Production to get a fillip with foreign, domestic majors on board

Amazon sends legal notice to Future Group over Reliance deal: Report

Amazon, in its legal notice, cited a contract arrangement that included "a restricted list" of companies Future was not supposed to enter deals with, according to the report

Flipkart expands last-mile reach with 3,000 hubs ahead of festive season

This would strengthen the e-commerce firm's presence in tier-III cities and beyond

Skoda drives into pre-owned car market as demand for owned vehicles soars

The used car market in India has been growing at more than 1.5 times that of new cars