Page 2952 - Company News

Durables firms prepare for Dussehra-Diwali amid slow economic recovery

Over a third of durable sales happens in the festive season, with companies setting themselves up for the season from Aug-Sept, pushing their products into trade and lining up their festive campaigns

DGCA, airlines & 24-hr confusion over in-flight photography ban diktat

Multiple airlines informed the DGCA that they were amending their in-flight announcements to include an additional line about ban on mobile photography and related disciplinary actions

Tamil Nadu software exports at Rs 25,000 cr in last 6 months: STPI

"For achieving the target ($5 trillion) Tamil Nadu has to at least contribute $500 billion to the GDP," Tyagi said

M&M's Meru Mobility Tech planning to focus on corporate commuter segment

Like most of the other ride hailing firms, which went out of business due to the lockdown, Meru also got into the delivery of essential services to survive the lockdown

Tata Group's all-in-one 'super app' ambitions face multiple challenges

The group plans to launch an umbrella portal in December, but there are major challenges in its ability to compete with RIL, Amazon and Walmart-owned Flipkart

India to be self-reliant in fertilisers production by 2023: Gowda

Currently, the fertiliser production of the country is 42-45 million tonnes, and imports are at around 18 million tonnes, according to the official data

Roca Parryware inching towards pre-Covid level sales: MD Ranganathan

All its eight manufacturing units in India are operational and running at 92 per cent of their capacity, he said

At $200-billion market capitalisation, Reliance Industries isn't like FAANG

Morgan Stanley analysed how the Mukesh Ambani-led firm stacked up against eight global firms when they crossed the $200-billion milestone

New launches, patents: Multiple catalysts for Dr Reddy's US business

The ongoing pace of product launches in the US should lead to stronger growth after a good Q1, say analysts

EAC reviews Chennai Petroleum Corp's 9.0 MMTPA project in Tamil Nadu

The project would be an integrated state-of-the art modern refinery cum petrochemical complex, including a propylene unit to start with, Vaidya said

Flyers can take videos in flights but can't use recording gadgets: DGCA

On Saturday, the regulator had said that a scheduled flight will be suspended for a period of two weeks if anyone is found taking photographs inside the plane

Kolkata Port Trust receives Rs 20 cr dues by selling Russian vessel

The ship was arrested under the jurisdiction of the admiralty bench of the Calcutta High Court on the day of its sailing from the HDC in 2017 for not paying dues

Somany Home Innovation eyes up to 35% growth in business this fiscal

SHIL, which operates under segments such as consumer appliances, home retail solutions and furniture and kitchen fittings business, had reported a revenue of Rs 451.44 crore in FY 2019-20

Off-highway tyre-maker ATG to invest Rs 1,240 cr in 3rd plant at Vizag

The plant will generate around over 600 new jobs, adding to its 5,500-strong headcount, Nitin Mantri said

BEL upbeat on defence biz prospect, seeks to ride govt's self-reliance push

Defence contributed 82 per cent of sales revenue of BEL in 2019-20, up from 68 per cent in the previous fiscal

Will focus on three-pronged strategy to drive growth: Zydus Wellness

The company is also planning to enter new markets with relevant offering as part of expanding its geographical footprint, Zydus Wellness said

Boeing executives defend safety decisions in development of 737 MAX

Leverkuhn defended the decision to tie a new safety system on the MAX, called MCAS, to a single sensor that has been implicated in both fatal crashes

Gilead nears deal to buy Immunomedics for more than $20 billion: Report

Discussions between Gilead and Immunomedics were initially centered around a partnership before shifting to a full-fledged takeover negotiation

Nvidia nears deal to buy chip designer Arm for more than $40 bn: Report

Nvidia is known for its graphics chips that power video games, but it has developed other markets including artificial intelligence, self-driving cars and data centers

Gilead nears deal to buy Immunomedics for more than $20 bn: WSJ report

Gilead Sciences Inc is said to be nearing a deal to buy biopharmaceutical company Immunomedics Incfor more than $20 billion in a deal that would further expand Gilead's portfolio of cancer treatments