Page 2947 - Company News

Multiplex group appeals to govt to reopen cinemas, says jobs are at stake

Appealing to the govt to allow theatres to reopen, the Multiplex Association of India said the sector that provides employment to lakhs had lost an estimated Rs 9,000 crore in the last six months

Oracle partnering TikTok in US won't affect India ban instantly: Experts

They feel India will still want a local partner-based strategy in which data centres are placed locally within the country

Big Billion Days to create 70,000 seasonal jobs in festive season: Flipkart

Walmart-owned Flipkart said it will help generate over 70,000 direct and lakhs of indirect seasonal jobs in the country ahead of the festive season and its Big Billion Days (BBD) sale

Minda Industries raises over Rs 242 crore through rights issue

Auto components maker Minda Industries on Tuesday said it has raised over Rs 242 crore by way of a rights issue to existing investors

We're open to making large acquisitions: Infosys CEO & MD Salil Parekh

In an interview to Bibhu Ranjan Mishra & Sai Ishwar, Parekh talks about the company's plans with regard to salary hike deferment, fresher hiring, acquisitions, and much more

Nayara Energy sees diesel recovery to pre-COVID-19 level by end-2021

Diesel demand growth is likely to return to pre-COVID-19 levels by the end of 2021 or early 2022, said Ashutosh Deshpande at the Platts APPEC 2020 virtual conference

Sachin Tendulkar pads up as brand ambassador for Paytm First Games

The company has also set aside Rs 300 crore for investing in growing the market for fantasy sports and other online gaming events during this financial year

Swiggy delivery executives in Hyderabad to go on strike demanding hike

Delivery executives of food-delivery platform Swiggy in Hyderabad will go on indefinite strike from Tuesday, demanding a hike in their delivery charges

Tata Steel inks deal with Workers' Union to pay annual bonus to employees

The Tata Steel management and Tata Workers' Union on Monday signed a memorandum of settlement for the payment of annual bonus to the employees for the accounting year 2019-20

LIC IPO unlikely this fiscal year due to delay in valuation process

A lot of work to be done before insurer is ready for market debut, admit LIC and govt officials

Anil Agarwal's Vedanta sole bidder for Videocon's 25% in Ravva oil block

Videocon is undergoing insolvency proceedings at the NCLT with a separate bidding process being undertaken for the Ravva block

Govt planning to absorb large portion of Air India's debt to woo buyers

Airline has Rs 23,286-cr debt; GoM likely to take a decision on the proposal in two weeks

Covid-19 impact: WFH turns out cheaper and greener for IT companies

Indirect emissions account for a major chunk of emissions by Indian IT firms

Renewable, T&D assets dominate PFC & REC loan books as thermal loses steam

Stress in conventional power generation space and no new private investment in the sector see the two lenders gradually shift to newer areas

We are full-out on capacity in batteries: Eveready's Amritanshu Khaitan

Eveready recorded a 234 per cent increase in profit before tax (PBT) to Rs 30.29 crore in the June quarter even as operating income fell by around 18 per cent

McLeod Russel pre-tax loss at Rs 94.9 cr in Q1 due to crop loss, lockdown

Total income for quarter down 28% at Rs 245.83 cr, net loss stood at Rs 90.52 cr as against a loss of Rs 11.64 cr a year ago

Hits trump misses in power firms' $4.4-billion acquisition spree

Acquisitions by Tata Power, Adani Power & JSW Energy were profitable in FY20

Look past the near-term pain in IRCTC for its monopoly in Railways

While FY21 likely to be washout for IRCTC, the firm appears to have all the ingredients in place to see strong earnings growth over next 2-3 years, say analysts

CCI rejects unfair biz practices complaint against Amazon Seller Services

The ruling came on a complaint filed by Lifestyle Equities C V and Lifestyle Licensing B V

Enrich Salon pauses expansion plan, sees 25% fall in revenue this year

Hair and beauty salon chain Enrich has put on hold its store expansion plan for the year due to the coronavirus pandemic, and expects to close the ongoing fiscal with around 22-25% fall in revenue