Page 2943 - Company News

Hindustan Zinc to seek board approval to raise up to Rs 4,000 cr via NCDs

The company proposes to offer rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 4,000 crores in one or more tranches, HZL said

ITC continues to underperform but analysts say the stock is attractive

A tax overhang and ESG concerns over cigarettes have been among key factors hurting investor sentiment

IKEA Retail expands footprint, sets up global operations centre in India

The move will help to streamline, simplify, and standardise ways of working and operations, while diversifying the overall digital footprint, the company said

7 Air India planes leased from Ireland-based SPVs of Chinese firms: Puri

Seven of Air India's narrow-body aircraft have been leased from Ireland-based special purpose vehicles (SPVs) of Chinese companies, Civil Aviation Minister Hardeep Singh Puri said on Thursday.

Hospitality major EIH gets board approval to raise up to Rs 350 cr

The rights issue price has been fixed at Rs 65 per equity share, including a premium of Rs 63 per equity share over face value of Rs 2 per share, it added

Vedanta's Anil Agarwal, Centricus team up for turnaround investment fund

The fund will also target companies restructuring under India's bankruptcy regime, the people said

TVS Motor expands ops in Colombia, announces partnership with Auteco SAS

Autotecnica Colombiana SAS will operate 50 exclusive dealerships exclusive of TVS Motor Company and will create dedicated space for the brand in over 600 retail outlets

Hindustan Copper enters long-term deal to supply concentrate to Hindalco

With this partnership, the companies have moved towards import substitution; Hindustan Copper is the only producer of concentrate in India

VIL drops faster speed claim in RedX offering, files revised plan with Trai

Faced with regulatory heat on its controversial plan, VIL has dropped faster data speed claims, which formed a prominent part of its pay-more-for-priority-treatment offering

Walmart announces two new grants to help India's smallholder farmers

Walmart Foundation announced two new grants as part of a commitment made in September 2018 to invest 25 million dollars (about Rs 180 crore) over five years in improving farmer livelihoods in India

At current valuation, very limited downside risk for ITC stock investors

Higher dividend yield and scaling up of FMCG business offer comfort

GoAir partners Stemz Healthcare to offer Covid-19 testing to passengers

Budget carrier GoAir on Thursday said it has partnered Stemz Healthcare to offer coronavirus testing facility to its domestic and international passengers

Strong growth in pharmacy business saves the day for Apollo Hospitals

Hospital business, though is recovering and along with fast-growing pharmacy segment and foray into online services should add to earnings, valuations

BSNL sources 44% of its mobile network equipment from ZTE, 9% from Huawei

More than 44 per cent mobile network equipment of state-run BSNL is sourced from Chinese firm ZTE and 9 per cent from Huawei, Parliament was informed on Thursday

Toyota refutes official's claim, says 'deeply committed to Indian market'

Toyota said it remains deeply committed to the Indian market, refuting once again the claims by a senior company official earlier that it would stop further expansion in India over high taxes

SC rejects SBI plea to vacate stay on invoking Anil Ambani's personal guarantees

While the personal guarantee matter is being heard by the SC, the fate of dues worth Rs 45,000 crore, including to the Chinese banks, will be decided by the NCLT where the matter is still pending

MakeMyTrip announces foray into United Arab Emirates for expansion

MakeMyTrip announced its foray into the United Arab Emirates with its portfolio of travel offerings across Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras Al Khaimah and Umm Al Quwain.

L&T Construction bags orders for metallurgical, material handling business

The company did not provide the value of the contracts, but said the orders fall under the 'significant' category, which ranges between Rs 1,000-2,500 cr according to the classification of contracts

Ashok Leyland to supply 1,400 ICVs to logistics start-up Procure Box

The manufacturer will supply its product Ecomet and the order will be executed in the next 5-6 months

JMC Projects bags orders worth Rs 1,342 cr in home, international market

Engineering firm JMC Projects (India) on Thursday said it has bagged orders worth Rs 1,342 crore in the domestic and international markets