Page 2935 - Company News

Investment in IndusInd Bank stocks a value bet, but tread with caution

Trading below its book value (0.9x its FY22 estimated earnings), analysts at Nomura, UBS, and CLSA are positive, primarily for its beaten-down valuation.

UTI MF, Mazagaon Dock IPOs open Sept 29, Angel Broking sees muted demand

The Rs 600-crore IPO of Angel Broking garnered nearly four times subscription

GMM Pfaudler continues with declining trend, share price falls 5%

The stock began to fall after GMM Pfaudler announced on Monday that promoters plan to sell 17.6 per cent stake in the company

New entrants unlikely to impact gas distrbution players till FY23

The draft regulations requires the CGD players to provide third-party access at regulated tariffs

RIL in talks to buy electronics chain in South, deal may hit Rs 3,000 cr

Electronics Mart runs 60 stores and has 1.200 employees; chain was started in 1980 by local businessman Pavan Kumar Bajaj as "Bajaj Electronics" and later changed its name

Syngene: Investors with long term view should look at the stock on dips

While Covid-19 could is a near term opportunity, contract manufacturing is the key medium-term trigger

Harley Davidson to quit India, take $75 million in restructuring cost

Company will incur restructuring cost of $75 mn, MD of India operations sent to Singapore, 70 employees to lose jobs

Mahindra's latest drive, Thar, enters small segment of city off-roaders

Mahindra's move was overdue given that the city SUV segment has been aggressively targeted by competition

Gujarat Pipavav RoRo segment takes a hit on fall in automobile volumes

The port is a gateway to the auto hubs in Gujarat and Delhi-NCR, which is run in partnership with NYK Auto Logistics

Massive fire at ONGC's Hazira gas plant in Gujarat hits gas output

GAIL said about 30 MMSCMD of natural gas supplies into GAIL's north-western pipeline network was immediately shut by the upstream major to contain any further damage

After ending ties with Brookings, CSEP brings Adi Godrej, 6 others on board

The board will be expanded further to include a diverse mix of industrialists, academics and public policy practitioners

Amazon adds Echo, Echo dot to its lineup of voice-controlled gadgets

The world's largest online retailer has worked for years to popularize speakers, televisions and other devices that customers activate through speech

Jaguar Land Rover set to drive in iconic SUV Defender in India next month

JLR India on Thursday said it will launch its iconic SUV Land Rover Defender in India on October 15

Auto dealers looking at rationalisation of infrastructure, manpower: FADA

Kia Motors and Toyota Kirloskar Motor met expectations of their dealers better than other companies in the passenger vehicle segment during the Covid-19 lockdown, FADA said

Tea firms see record prices boosting profits amid Covid-induced crop losses

Most companies returned to profits in the June quarter, and indications are that the current quarter, which is typically a good time for tea industry, will be even better

Mid-size SUVs, deluxe commuter bikes outshine peers, shows SIAM data

Among the two wheelers, motorcycles in the 150cc to 200cc segment have been the outliers

ShareChat raises $40 mn from investors including Pawan Munjal, Twitter

The other investors include DCM Shriram Promoters Family and SAIF Partners

US continues to be biggest source of VC investment in India as China shrugs

Experts say, the dominance of the US investors will probably grow in the coming decade, including in filling the gap created by the withdrawal of Chinese investors

Netflix, Amazon Prime turn weapons in Indian telecom firms' freebie fight

Reliance Jio's new plan offers customers Netflix on a mobile device, one-year subscription to two over-the-top applications and access to Jio's movie and songs. library.

No need for 5G trials in India to test the technology, says Nokia

Nokia's stance is markedly different from the leading telecom company, Reliance Jio.