Page 2945 - Company News
After decade-low in July, Reliance Industries oil import up 58% in August
Reliance's oil imports in August rose about 58 per cent from July to 1.22 million barrels per day
 "After decade-low in July, Reliance Industries oil import up 58% in August")
Shiprocket launches accelerator program, to invest Rs 3.5 cr in startups
Shiprocket said the program is designed to help D2C (direct to consumer) startups scale up
 "Shiprocket launches accelerator program, to invest Rs 3.5 cr in startups")
Dalmia Cement buys Indian Energy Exchange shares worth over Rs 144 cr
Dalmia Cement (Bharat) Ltd on Wednesday purchased shares of the Indian Energy Exchange (IEX) worth over Rs 144 crore through an open market transaction.
 "Dalmia Cement buys Indian Energy Exchange shares worth over Rs 144 cr")
Despite market volatility, LIC made Rs 13k cr profit in equity till Aug: MD
The insurer has collected about Rs 87,300 crore of renewable premium till August this year, registering a growth of 13.5 per cent over the same period of the last fiscal
 "Despite market volatility, LIC made Rs 13k cr profit in equity till Aug: MD")
Airlines in India seek $1.5 bn in interest-free credit line, says govt
Carriers are also seeking to defer loan repayments by six months, aviation minister tells Parliament.
 "Airlines in India seek $1.5 bn in interest-free credit line, says govt")
Tata Projects wins bid to construct new parliament building: Officials
The Tata Projects Limited on Wednesday won the bid to construct a new Parliament building at a cost of Rs 861.90 crore, officials said
 "Tata Projects wins bid to construct new parliament building: Officials")
The drought for India's IPOs may be easing in their worst year since 2016
A bunch of firms -- ranging from a drugmaker to a jeweler -- will likely test investor demand over the next few months, helping revive fundraising through first-time sales from the lowest in 4 years
 "The drought for India's IPOs may be easing in their worst year since 2016")
Revenues of Indian airlines fell 85.7% in April-June due to Covid-19: Puri
The revenue of Indian airlines fell by 85.7% to Rs 3,651 crore during the first quarter of 2020-21 in comparison to the corresponding period a year ago due to Covid-19, said Hardeep Singh Puri
 "Revenues of Indian airlines fell 85.7% in April-June due to Covid-19: Puri")
Life insurers find their mojo but experts sound cautionary note
Product launches will be critical for companies to sustain the momentum this financial year, especially in the term-protection segment
 "Life insurers find their mojo but experts sound cautionary note")
ACKO raises $60 million from Munich Re and other existing investors
The digital insurance company had raised around $36 million last year from Binny Bansal and Ascent Capital
 "ACKO raises $60 million from Munich Re and other existing investors")
Vedanta wins case for $499 mn award claim; SC rejects govt plea
Court rejects government's petition, which had said that billionaire Anil Agarwal's company, along with Videocon Industries Ltd., is entitled to recover only $198.5 million
 "Vedanta wins case for $499 mn award claim; SC rejects govt plea")
Insurance firm ACKO raises Rs 441 crore in funding round led by Munich Re
Insurance firm ACKO on Wednesday said it has raised about Rs 441.8 crore in a funding round led by Munich Re Ventures
 "Insurance firm ACKO raises Rs 441 crore in funding round led by Munich Re")
L&T Technology Services, UK's Exponential-e to offer workplace solutions
LTTS announced a partnership with Exponential-e to jointly offer workplace transformation solutions to customers working in the post-COVID environment
 "L&T Technology Services, UK's Exponential-e to offer workplace solutions")
Airtel partners with STL to build densely fiberised digital network
A leading integrator of data networks Sterlite Technologies Ltd has announced a partnership with Bharti Airtel to build a modern optical fibre network across 10 telecom circles
 "Airtel partners with STL to build densely fiberised digital network")
Will invest Rs 2,000 crore in India: Toyota Kirloskar Motor vice-chairman
High GST rates taking a toll on volumes, says Viswanathan
 "Will invest Rs 2,000 crore in India: Toyota Kirloskar Motor vice-chairman")
Apollo Hospitals says September occupancy levels up 60% after dip
The hospital chain says it has taken various cost saving measures that will help it save Rs 200 cr this financial year
 "Apollo Hospitals says September occupancy levels up 60% after dip")
Novavax, Serum Institute to produce 2 bn Covid vaccine doses under new deal
The U.S. company's vaccine is in mid-stage trials after an early-stage trial showed it produced high levels of antibodies against the novel coronavirus
 "Novavax, Serum Institute to produce 2 bn Covid vaccine doses under new deal")
Billionaires worldwide are now lining up to take their companies private
Companies have already announced $26 billion of transactions to be taken private by a related party this year, up about 2,500% from the same period in 2019
 "Billionaires worldwide are now lining up to take their companies private")
Telecom operators sound alarm over India-specific standard for 5G
The operators would rather go along with the global standards set by the 3rd Generation Partnership Project or 3GPP
 "Telecom operators sound alarm over India-specific standard for 5G")
Blackstone, Partners Group Holding in race to acquire Piramal Glass
Parent to seek $1 billion valuation from unit sale
 "Blackstone, Partners Group Holding in race to acquire Piramal Glass")