Page 2936 - Company News

Food delivery sector showing stronger signs of recovery: Zomato CEO

Delhi and Mumbai are nearing full recovery at around 95 per cent of the pre-Covid levels

Bharti Airtel picks up strategic stake in Cloud analytics startup Waybeo

"Cloud technologies are transforming the way businesses serve and delight their customers," said Adarsh Nair, Chief Product Officer, Bharti Airtel

IT firm Hexaware Technologies to offer Rs 475 per share for delisting

The bid process for the delisting offer - where the promoters were offering a floor price of Rs 264.97 per share - had started on September 9 and closed on September 16

Facebook may leave Europe if Ireland enforces ban on data sharing with US

In July, the European Court of Justice invalidated the 2016 Privacy Shield, saying that EU digital privacy laws were at risk of being violated under the agreement, which allows data sharing with US

Singapore-based firm offers $10 mn investment for film academy in UP

Some film fraternity members had reached Lucknow for the meeting with Adityanath, while veteran actors like Anupam Kher and Paresh Rawal had joined the interaction over a video conference

API Holdings' proposed 100% acquisition of Medlife gets CCI's approval

Healthcare company Medlife is primarily engaged in wholesale and distribution of drugs. API Holdings is the parent entity of API Holdings group

Factbox: Reliance raises $22.43 bn from stake sales at retail, digital arms

Reliance Industries has raised Rs 1.65 trillion over the past few months through stake sales at its digital unit Jio Platforms and its retail arm Reliance Retail Ventures

Manali Petrochemicals to invest Rs 150 crore in capacity expansion

In the first phase 24,000 TPA would be added at a cost of around Rs 60 crore, to be met through internal resources

KKR to invest Rs 5,550 crore in Reliance Retail Ventures for 1.28% equity

Earlier, Silver Lake had invested Rs 7,500 cr into Reliance Retail Ventures, valuing the business at about Rs 4.2 trillion

Strong rural demand cushions volume weakness for Supreme Industries

Expanding distribution reach, value added products to help revenues, margins

SP Group, cash strapped and under-capitalised after betting on infra sector

SPCPL's consolidated revenue nearly doubled between FY16 and FY19 - the latest year for which its finances are available - growing at a compound annual growth rate of 24 per cent

Iron ore prices surge, but export curbs play spoilsport for Indian firms

An unexpected surge in Chinese demand has sent global iron ore prices to a six-and-a-half-year high but export restrictions prevent Indian companies from taking advantage

Double-digit sales dip in anti-infective segment to weigh on Alkem Labs

Higher chronic sales, US market could offset some of the weakness in sales growth

HDFC Bank: Class action suits may prove to be an interim dampener

The stock may underperform until the Street gets clarity on asset quality and outcome of the litigation

Blue Dart to hike average shipment price by over 9% from January 1

The upward revision in prices is part of the annual exercise undertaken to adjust inflation, fluctuation in currency and fuel price, among others

Geopolitical impact to emerge as big risk for firms: OYO's Ritesh Agarwal

The Covid-19 pandemic has wreaked havoc on businesses, especially in the area of transportation and travel and hospitality

Car market in slow lane, Mercedes rides high on branded merchandise sales

From watches and shades to fitness bicycles, online shoppers have been lapping it up all in a big way; 75% of shoppers in 18-34 age bracket, firms' revenue tops Rs one crore from this biz

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

In December 2019, Sebi imposed fine of Rs 25 lakh each ICRA and CARE Ratings in the matter saying the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity"

In the spotlight: Growth signs visible for road infrastructure players

Analysts expect better order flows, improving labour availability and rising construction activities to boost second half performance

Facebook India head approaches SC against Delhi Assembly Panel's notice

Facebook executives had earlier skipped the hearing of Delhi Assembly's 'Peace and Harmony' committee