Page 2929 - Company News

Oberoi Group, Mandarin Oriental Hotel enter into strategic alliance

Hospitality firm The Oberoi Group said it has entered into a long-term strategic alliance with Mandarin Oriental Hotel Group to collaborate across a range of initiatives

Airtel launches Airtel Secure to help businesses tackle cyber threats

India, which is now the world's second largest internet market, ranks fifth globally when it comes to incidents of cyber-attacks and frauds

Nelco, Telesat collaborate to bring LEO satellite network to India

The Telesat LEO constellation will provide complete coverage of India and superior enterprise connectivity in the country

To shift to low-carbon energy Shell to cut up to 9,000 jobs in new plan

Shell, which had 83,000 employees at the end of 2019, said that the reorganisation will lead to annual savings of $2 billion to $2.5 billion by 2022

NTPC eyes 340 bu electricity generation, Rs 21,000 cr capex in FY21

In its MoU with power ministry detailing targets for the year, the company has mentioned a revenue target of Rs 98,000 crore

BPCL privatisation: EOI deadline extended again; this time till Nov 16

This is the fourth time when the deadline for submission of EOI has been extended by GoI

Hind Zinc may use NCD funds as dividends to help Vedanta delist: analysts

Firm raises Rs 3,520 cr despite firm being cash surplus; It cannot use the proceeds directly for parent company

General Atlantic to invest Rs 3,675 cr in Reliance Retail for 0.84% stake

This is the second such investment by General Atlantic in a Reliance venture following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year

Covid-19 impact: Low-interest loans likely for vaccine companies

Low-cost funding arrangements are already in the works globally for vaccine makers

WTO backs EU tariffs on $4 billion US goods over Boeing subsidies:Report

The two sides have been locked in a 16-year-old dispute at the Geneva-based WTO over aid to their aircraft industries in a pair of cases that together represent the world's largest corporate dispute

Google to force apps to pay 30% Play Store tax; gives one year to comply

The tech giant plans to start enforcing this rule for apps that meet this criteria but are not implementing it

IndiGrid unitholders approve KKR as InvIT sponsor with special majority

The PE firm, which earlier withdrew intent to become a sponsor in August, made a fresh application again this month

Hero MotoCorp gains market share; higher sales in weaker segments is key

The gains for India's largest two-wheeler makers are largely expected to come from the rural market due to a shift to personal mobility and higher sales of entry-level bikes

Vedanta delisting fate to be known next week, price likely at Rs 160-170

The promoter holding currently 50.14%. Under Sebi rules, promoters will have to acquire at least 39.86% stake (1.48 billion shares) from public to ensure successful delisting

Kajaria Ceramics stock: Investors should wait for a better entry point

Volume growth, lower costs and stable pricing are the positives

For Harley-Davidson lovers, the ride in India wasn't always smooth

On Indian roads, Harley-Davidson motorcycles are rare specimens (the company sold only some 2,500 last year), garnering attention wherever they go

No mis-utilisation of funds: Franklin Templeton MF assures unitholders

Franklin Templeton Mutual Fund shut six debt mutual funds on April 23 citing unfavourable conditions in the debt market due to the Covid-19 pandemic

Covid-19: Liquid form of remdesivir to smoothen supply, says industry

Multiple manufacturers confirmed that the liquid form of the injectable would shorten the manufacturing process

Many firms not ready for new Tax Collected at Source regime: EY-SAP India

A large segment of companies in India is not entirely prepared to deal with various tax implications of the Tax Collected at Source (TCS) provisions

Future Enterprises reports default on interest payments of NCDs again

FEL, which is having financial troubles, had last week also informed default on interest payment of another non-convertible debenture