Page 2960 - Company News

Demand recovery, resumption of ops to offset weak Q1 for Jubilant Life

Growth pickup and lower debt could improve its valuations

Voda Idea to seek shareholders' nod to raise borrowing limit to Rs 1 trn

VIL will also seek shareholders' nod to create charge or mortgage or hypothecate on the company's properties up to the limit of Rs 1 trillion

Allcargo shares shed nearly 4% as delisting floor price disappoints

The company on Saturday announced that its promoters have set the floor price at Rs 92.58, which is 19% lower than the firm's last closing price of Rs 114.5 on Monday

Plan to recruit 14,000 staff this year; VRS not cost-cutting exercise: SBI

The State Bank of India (SBI) said it proposes to recruit 14,000 employees during the current year and its 'on tap VRS' is not a cost-cutting exercise

Vodafone Idea's new brand identity "Vi"; Tariff hike on cards

The telco has till now been advertising the two brands separately

June results show op profit margins high even as profits sank: CARE Ratings

The numbers looked at the aggregate performance of 1,435 companies excluding those from the banking and finance sectors

Mercedes-Benz to open bookings for its mid-size SUV from September 8

German luxury car maker Mercedes-Benz announced opening the bookings of its mid-size SUV, AMG GLE 53 4MATIC+ Coupe, from September 8

SIP investments up 143%, monthly registration doubled in FY20: Paytm Money

Digital financial services firm Paytm Money said that monthly investment volume in systematic investment plans (SIP) has risen by 143 per cent on its platform in 2019-20

HomeLane earmarks Rs 100 cr for marketing, to expand to 25 cities by 2021

Home interiors company HomeLane said it is planning to spend Rs 100 crore for marketing initiatives as it looks to expand its operational footprint to over 25 cities by 2021-end

BofA Securities bets on RIL's 'layer of commerce' after Jio Platforms

After building a 'digital layer' (Jio Platforms) on top of the existing 'physical layer' of retail shops, RIL would over the next 4 years focus on a third 'layer of commerce', BofA Securities said

Maruti Suzuki India posts 11% rise in production to 123,769 units in August

The country's largest carmaker Maruti Suzuki India said its total production in August increased by 11 per cent to 123,769 units

Tourism in dire straits due to Covid; needs urgent relief from govt: IATO

Industry body IATO on Monday urged the government to provide immediate relief to the tourism sector, which has been severely hit by the Covid-19 pandemic

Tariffs unsustainable at present, raising important: Vodafone Idea CEO

Vodafone Idea CEO Ravinder Takkar, in a short Q&A session with the media, was emphatic that tariff rise was inevitable to sustain the telecom business. Edited excerpts

Vi is We: Two yrs after merger Voda Idea integrates to create new identity

The relaunch, coming two years after the August 2018 merger of Vodafone and Idea Cellular, is to have a combined brand identity and advertising around it

Alembic Pharma arm gets tentative USFDA nod for drug to treat hypertension

Alembic Pharmaceuticals said its subsidiary has received tentative approval from the US health regulator for Treprostinil injection indicated for the treatment of pulmonary arterial hypertension

L&T's power transmission, distribution business bags 'large' contracts

Larsen & Toubro (L&T) said its power transmission and distribution business has bagged 'large' contracts in the domestic and international market

Biocon set for bigger insulin play, aims to reach one in five diabetics

Biocon Biologics CEO says portfolio to form a substantial part of $1 bn revenue target, to roll out insulin Aspart by next year

Vodafone Idea to make major strategic announcement today, rebranding likely

Vodafone Idea is owned by Vodafone plc and the Aditya Birla group (ABG)

Sterling and Wilson Solar bags orders worth Rs 1,600 cr in Australia

Engineering firm Sterling and Wilson Solar on Sunday announced that it has bagged orders worth $300 million (Rs 1,600 crore) for two large solar projects in Australia

Top realtors see green shoots as conversion rates rise by up to 25%

Buyers aged between 30-35 years currently living on rent have the highest purchase inclination, says report