Page 2980 - Company News
Jaquar Group to start production at two new factories in October
The firm, which invested around Rs 200 crore in capex for the units, expects additional employment to range between 1,500 and 2,000 workers at full production
 "Jaquar Group to start production at two new factories in October")
Simplilearn sees huge demand from professionals to upgrade skills
The edtech firm is doubling down on global expansion in markets such as the Middle East, Africa and the Far East, and expects to cross Rs 500 crore revenues in FY2020-21
 "Simplilearn sees huge demand from professionals to upgrade skills")
Amazon to stick on as Future Enterprises' shareholder after Reliance deal
Rival Reliance Retail too will be investor in company
 "Amazon to stick on as Future Enterprises' shareholder after Reliance deal")
Reliance-Future Group deal to save lenders from Rs 12,000-crore hit
The financial instruments of Future group have gone through multiple rating downgrades in recent months due to the delay in payments
 "Reliance-Future Group deal to save lenders from Rs 12,000-crore hit")
Ambani-Biyani deal: RIL spreads wings to become a dominant player in retail
Gets scale, massive presence, higher valuation of its retail business, and inherits the entire logistics and distribution chain
 "Ambani-Biyani deal: RIL spreads wings to become a dominant player in retail")
Chennai Petroleum to invest Rs 1,850 cr in BS VI auto fuel quality upgrade
CPCL has undertaken a project to use natural gas as an internal fuel, replacing the existing liquid material such as fuel oil and naphtha, at an estimated cost of Rs 421 cr
 "Chennai Petroleum to invest Rs 1,850 cr in BS VI auto fuel quality upgrade")
Covid-19 prescription: Pharma players shift their focus over the counter
The pandemic pushes pharma companies to look at drugs that held promise in transitioning to over the counter segment
 "Covid-19 prescription: Pharma players shift their focus over the counter")
Kishore Biyani, once India's answer to Sam Walton, bows out of retail biz
Mismatch between ambition and resources; debt does him apart, say experts
 "Kishore Biyani, once India's answer to Sam Walton, bows out of retail biz")
Female fund managers beat men at stock picks: Goldman Sachs Group
"Even after adjusting for risk, female-managed funds have outperformed their counterparts amid the pandemic-related market swings," Goldman strategists led by David Kostin wrote in a note to clients
 "Female fund managers beat men at stock picks: Goldman Sachs Group")
BP to sell London headquarters as work style shifts, says report
BP joins other employers that are changing their work styles after many employees began working at home due to the coronavirus pandemic
 "BP to sell London headquarters as work style shifts, says report")
Saudi Aramco discovers two oil, gas fields in north of Kingdom: Report
The nearby Abraq at-Tulul field has started producing 3,000 barrels a day of crude, 49,000 barrels of condensates and 1.1 million cubic feet of gas
 "Saudi Aramco discovers two oil, gas fields in north of Kingdom: Report")
How Bata tweaked its product mix to woo shoppers during the pandemic
Focus on casual footwear, taking brand to consumers among key measures
 "How Bata tweaked its product mix to woo shoppers during the pandemic")
No security lapses found after investigating alleged breach: Paytm Mall
The clarification came after US-based cyber research firm Cyble had said a hacker group with the alias 'John Wick' was able to gain unrestricted access to Paytm Mall's databases
 "No security lapses found after investigating alleged breach: Paytm Mall")
Paytm mall suffers massive data breach, ransom demanded: Report
Hacker group John Wick said to be behind breach. Ransom demanded pegged at 10 ETH (ether coins), equivalent to $4,000
 "Paytm mall suffers massive data breach, ransom demanded: Report")
Telecom firms await SC verdict on AGR dues; judgment likely this week
Apart from approving a relaxed payment schedule to pay the dues, SC verdict is also likely to seal the future of Vodafone Idea
 "Telecom firms await SC verdict on AGR dues; judgment likely this week")
Second blow for BoB as RBI rejects plan to send Anil Ambani firms to NCLT
An earlier Delhi HC order had stayed BoB and the entire consortium of lenders' move to classify these accounts as fraud, restraining them from taking any other coercive action till the next hearing
 "Second blow for BoB as RBI rejects plan to send Anil Ambani firms to NCLT")
Farm sector sees spike in private investment after reforms: Agri secy
The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 was brought in to legalise contract farming
 "Farm sector sees spike in private investment after reforms: Agri secy")
Coal India to create additional board level post to push biz development
As such, at present, there are five Board level posts in CIL including CMD
 "Coal India to create additional board level post to push biz development")
Hospitality, aviation, tourism firms likely to seek loan recast: Bankers
Micro, small and medium enterprises (MSME) are already covered under the ongoing restructuring scheme which was tweaked earlier this month to cover those impacted by Covid-19 crisis
 "Hospitality, aviation, tourism firms likely to seek loan recast: Bankers")
Auto majors hold steady on EV plans as pandemic wrecks ICE market
Encouraged by demand pick-up in the past few months, most are going ahead with their planned investments and models
 "Auto majors hold steady on EV plans as pandemic wrecks ICE market")