Page 2940 - Company News

Internet user base up 3.4% at March-end; Jio commands over 52% market: Trai

Reliance Jio led the chart grabbing 52.3 per cent of the overall market share, followed by Bharti Airtel (23.6 per cent share) in the quarter ended March 2020

Loans worth Rs 70K cr sanctioned to discoms under liquidity package: Govt

Finance Minister Nirmala Sitharaman in May this year had announced a Rs 90,000 crore liquidity infusion into cash-strapped discoms for clearing their outstanding dues till March 2020

Changes to Companies Act: Here are the amendments passed by Lok Sabha

Around 48 sections of the Companies Act, 2013 will be amended to decriminalise various offences

TCS sets up 11 Covid-19 isolation centres for staff, their dependents

All the centres will have 24/7 medical cover, along with daily monitoring by trained professionals. The patients can even connect with a counsellor virtually during their treatment

KVIC gets Flipkart, Amazon, Snapdeal to remove 160 fake Khadi products online

The Khadi and Village Industries Commission said it had forced e-commerce portals Amazon, Flipkart, Snapdeal and others to remove over 160 web links selling products under the brand name of 'Khadi'

Brokerage industry's revenues expected to reach Rs 23,000 cr in FY21: Icra

With increasing retail investor activity and a surge in trading volumes, the domestic brokerage industry's aggregate revenues are expected to reach Rs 23,000 cr in FY21, marking a YoY growth of 10-12%

GMR readying itself to take on Adani for leadership in India's airports biz

Fresh from a demerger and with a French partner, GMR Airports is readying itself to take on the Adani group for leadership in India's airports business

RITES Ltd announces share buyback worth Rs 257 cr at Rs 265 per share

The board of directors at RITES Ltd has approved buy-back of 9.69 million equity shares with a face value of Rs 10 each at Rs 265 per share

New Covid-19 drugs provide additional fuel as Cipla fires on all cylinders

Firm domestic sales and positive outlook in the US point to robust earnings

Apple sets festive tone with date for much-anticipated India online store

Tim Cook announces September 23 launch, ahead of flagship stores in 2021

HC orders removal of Harsh Vardhan Lodha from MP Birla group companies

Lodha ceases to hold all positions in Birla group, including as director in companies and other positions in trusts, societies

Paytm returns hours after Play Store exit over alleged policy violation

Google says it violated gambling policy; Paytm asks if cash back is gambling

Print media revenue to fall by a fourth this year on massive Q1 hit: Ind-Ra

Revenue was two-third lower year on year in June quarter for major players, with 76% plunge in ad revenue, 32% in circulation

Hate content crisis is Facebook India chief's biggest leadership test yet

Ajit Mohan, who joined Facebook in January 2019, spearheads the India charter for the US-based social media giant

Carmichael project created 1,500 jobs, awarded $1.09 bn in contracts: Adani

The company said construction of the railway line and mine was set to continue through 2021 and it was expecting to generate more direct jobs

MRPL shareholders approve fund raising of up to Rs 5,000 cr via debentures

Shares of the company closed at Rs 28.85 a unit on BSE, down by 0.86 per cent

A brief history of Indian companies' tryst with class action suits

Companies ranging from IT to pharmaceuticals have been dragged to courts

DHFL seeks loan dues of Rs 112 cr from Pune-based realtor, guarantors

The PNG Jewellers statement said the company is neither an investor nor a partner in Landscape Realty, and added that the developer is an "independent entity in the real estate business"

Huawei launches advertisement campaign showing its commitment for India

The company launched the campaign on the eve of completing 20 years of presence in the country

Future Enterprises defaults on commercial paper repayment worth Rs 90 cr

"The delay in reporting is due to efforts being made by the company to make payment by mobilising certain funds to make payment and then submit report of having repaid with delay," FEL said