Page 2957 - Company News

New hiring at RIL starts tapering, standalone employee count declines

According to data RIL collates on its website, the company's number of employees in FY20 at a standalone level declined 9 per cent year-on-year

Reliance Industries becomes first Indian firm to top $200 bn market cap

TCS is a distant second with market cap of $119 bn; Meanwhile, Mukesh Ambani cements his place as richest man in Asia, seventh-richest globally. His wealth surged by $24.4 bn this year to $83 billion

ONGC, OIL earnings hinge on upside in crude prices as production stagnates

With not much upside in output and gas prices weak, earnings are expected to be under pressure

Bata India re-rating hinges on strong show by revenue spinning premium biz

Analysts believe Bata's margin and earnings growth would see relatively more pressure than players like Relaxo Footwears

Despite volume uptick, Maruti's rally may fizzle out on multiple headwinds

Competitive pressures, lower share of utility vehicle segment and margins are key worries

ASCI will continue to work with newly formed govt regulator: Subhash Kamath

The CCPA has been set under the newly notified Consumer Protection Act, 2019, which gives the body powers to take action against misleading advertisements.

Hindalco will return to pre-Covid levels by H2: Kumar Mangalam Birla

All of the company's aluminium upstream plants continue to operate at near full capacity with all logistics infra coming back on track

Route Mobile IPO subscribed more than four times on day before its close

Route Mobile IPO comprises fresh fund raising worth Rs 240 crore and the remaining is a secondary share sale by promoters

Indiabulls Housing sells part of its stake in OakNorth for Rs 440 crore

The company invested Rs 663 crore for a 40 per cent stake in OakNorth Bank in November 2015

ITC's appetite for staples grows as it moves away from tobacco

The company is betting on its non-cigarette FMCG portfolio to deliver growth and convince the markets that it is moving away from its tobacco dependence

Dueling over diamonds: LVMH says Tiffany not worth buyout as spat gets ugly

It's an ugly spat for such a glamorous industry: French brand LVMH and US jeweler Tiffany & Co are blaming each other for the collapse of what would have been the sector's biggest-ever buyout deal

Citigroup picks Jane Fraser as next CEO, first woman in that role

Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank

Reliance said to offer 40% stake in retail unit to Amazon for $20 bn

Reliance Industries Ltd is reported to have offered a 40 per cent stake in its retail arm worth about $20 billion to Amazon.com, Inc

Stake sale in retail arm to help RIL to pursue growth initiatives: Analysts

RIL stake sale in retail arm will enable it to pursue other growth initiatives while maintaining zero net debt status and also help solidify its position in the market, global rating agencies said

Reliance offers Amazon $20-billion stake in retail arm: Report

The report comes a day after RIL announced that US private equity firm Silver Lake Partners would buy a 1.75 per cent stake in Reliance Retail for Rs 7,500 crore

Salesforce to set up 'local instance' in India for hosting data by year-end

Cloud-based software provider Salesforce on Thursday said it will set up a "local instance" in India this year as part of its efforts to provide solutions for hosting data in the country

Amway India eyes 5x hike in home delivery, invest Rs 30 cr on supply chain

Direct selling major Amway India said it is looking to scale up home delivery orders by five times this year and will invest Rs 30 crore for strengthening its supply chain and automation

Covid-19: Insurance industry seeks central repository for data sharing

The Covid-19 pandemic has impacted sharing of data in the insurance ecosystem and there is a need to have a central repository, say industry players.

Groww raises Rs 220 cr in Series C funding from Sequoia, Ribbit Capital

Investment platform Groww said it has raised Rs 220 crore in Series C funding round from existing investors Sequoia India, Ribbit Capital, Propel ventures and a new investor YC Continuity

Indian Oil gets funding support from USTDA for its green tech endeavour

A US trade body has announced grant funding to the Indian Oil Corporation's (IOC) carbon capture, utilisation and storage capacity in the Koyali refinery in Gujarat.