Page 2977 - Company News

Cosmo Films to invest Rs 300 cr for new line of speciality polyester films

Packaging products maker Cosmo Films on Wednesday said it will invest Rs 300 crore to set up a new line of speciality polyester films

Zydus Cadila gets approval from USFDA for muscle relaxant injection

Drugfirm Zydus Cadila has received final approval from the US health regulator to market Cisatracurium BesylateInjection, a muscle relaxant given before general anaesthesia

Vodafone Idea board to mull raising funds post Supreme Court verdict on AGR

The Board of Directors will meet to discuss and evaluate proposals for raising funds in one or more tranches through public issue, issue of equity shares or securities among other options

Amazon makes India centre of fintech push, adds gold, insurance services

To boost online payments, Amazon launched its Amazon Pay digital wallet in 2016

ONGC June quarter profit dives 92% as oil, gas price slump to decade low

State-owned Oil and Natural Gas Corp (ONGC) on Tuesday reported 92 per cent slump in its June quarter net profit after oil prices halved and gas rates fell to a decade low.

Siemens' decision on sale of mechanical drives business attracts criticism

Company says segment had low profitability

Business across showrooms reached pre-Covid levels: Kalyan Jewellers

The company expects the coronavirus pandemic to provide it a competitive edge over its competitors in the unorganised sector in the long run

HSBC Global Research puts food delivery firm Zomato's valuation at $5 bn

Covid-19 has accelerated its path to profitability owing to lower discounts said HSBC Global Research in a report

Pick-up in biosimilar launches driving Biocon's prospects; stock rises 7.8%

As US launch of Insulin addresses a large market, improved visibility for more launches will keep sentiment elevated

Loan recast: Bank of Maharashtra to put 'conflict of interest safeguards'

Lender would be "purely" looking at cash flow as a key parameter for approving proposals; borrowers must prove Covid-19 pandemic has impacted them

AGR verdict: There is no closure in this case, says Abhishek Singhvi

Singhvi, third-term sitting member of Parliament and eminent jurist who represented Airtel, explains why the issue is yet to reach legal closure

Power discoms to get five more years to turnaround under new scheme

The earlier discom reform scheme UDAY concluded in FY20 with most of the states failing to meet their stipulated targets

Terminal decline: How GVK group's infra bets cost it Mumbai airport biz

While the group hadn't built on its airport assets, its entry into coal, power and roads was the proverbial last straw that saw its lose its crown jewel in Mumbai

IT minister writes to Zuckerberg, accuses FB India team of political bias

Ravi Shankar Prasad alleges Facebook India team 'impinged' on beliefs of Indians

AGR verdict: Will Voda Idea survive? Answer lies in ability to raise funds

Increase in APRU can help Vodafone but rival Reliance Jio is in no mood for tariff hike yet

Tech-sharing deals put Indian start-ups in fix with China's new controls

Beijing has added 23 technologies to its list of regulated exports; move could affect start-ups that have IP co-creation as part of investment deal with Chinese VC investors, say experts

China, US, India, Japan dominate solar market: Mercom global listing

Adani tops global league table in installed capacity

Bharti Infratel to merge with Indus Towers; Voda Idea to get Rs 4,000 crore

The company said its board took note of the status of scheme of arrangement between Indus Towers and Bharti Infratel and the related agreements

Videocon Industries promoters seek fresh package for debt restructuring

The package would result in banks getting back Rs 33,400 cr from the company over the next few years

AGR case: Professional managers face bigger risk if telcos default

The Bench led by Justice Arun Misra observed that should telcos fail to pay up, it would lead to penalty, interest, and contempt of court