Page 2985 - Company News

Unlock rally in hotels, multiplexes and retails stocks may fizzle out

Currently, the Street is ignoring shrinkage of balance sheets and delay in return to normalcy

Advertising revenue of entertainment industry to decline in FY21: ZEEL

Advertisers are coming back but it is still far from recovery and advertising revenue is expected to decline in 2020-21, leading media and entertainment company ZEEL has said

SBI plans policy to lend to coal miners ahead of landmark auctions

Lenders are also wary about sustained demand for coal, which is seen globally as a dirty fuel but is still the biggest source for electricity generation in India.

India-China spat starting to impact domestic unicorns, Chinese investors

Experts said Chinese investments in Indian unicorns including Paytm, Byju's, Ola, BigBasket, Dream11, and Swiggy may drop sharply through investors such as Alibaba, Tencent and Xiaomi

CCI approves Carlyle Group's stake acquisition in Airtel's data centre biz

The Competition Commission of India on Wednesday said it has approved acquisition of compulsorily convertible preference shares and equity shares in Airtel's data centre business Nxtra Data

J-K Power Development Corp approves work plan of Rs 1,276.69 crore

The Jammu and Kashmir State Power Development Corporation (JKSPDC) on Wednesday approved a work plan of Rs 1,276.69 crore for the current financial year.

ArcelorMittal SA declares force majeure after blast furnace breakdown

The clause of force majeure, loosely translated as superior force, allows certain terms of an otherwise legally binding agreement to be ignored due to unavoidable circumstances.

Mahindra ties up with Israel's REE Automotive to develop commercial EVs

The tie-up will leverage REE's electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel

Tata Motors shares gain 8.5% on company's goal to bring debt to near zero

Analysts say company's investors are confident firm will be able to achieve significant deleveraging on the back of better performance in both, domestic business and JLR

Covid-19 impact: Media auditing grows as firms scrutinise budgets

Deloitte enters fray; others strengthen expertise

IndiGo operated over 800 international charter flights in last 3 months

IndiGo on Wednesday said it operated more than 800 international charter flights during the last three months to repatriate 1.5 lakh passengers.

Snapdeal expands logistics network ahead of festive season, adds 8 hubs

E-commerce major Snapdeal on Wednesday said it has added eight logistics centres to its network across manufacturing hubs, including Mathura, Noida and Mumbai, ahead of the festive season.

New Infosys AI-powered solution to automate helpdesk operations

Infosys has launched an AI-driven solution that will automate helpdesk operations, allow customers to eliminate manual resolution and build near-touchless contact centers in the Covid-19 times.

Paytm hiring over 1,000 people to support expansion across businesses

Fintech major Paytm on Wednesday said it is in the process of hiring over 1,000 people across various roles over the next few months as it expands its operations

BPCL resumes work on over 2,100 projects worth Rs 50,300 cr capex

Divestment-bound national oil marketer Bharat Petroleum Corporation has resumed work on as many as 2,118 projects involving a capital expenditure (capex) of around Rs 50,300 crore over three years.

Domestic aluminium cos pitch hard on three levels to counter cheap imports

Producers mistaking scrap imports as primary aluminium imports, says ASMA

Uber kicks off on-demand 24x7 'Auto Rentals' in six Indian cities

Uber on Wednesday launched an on-demand 24x7 Auto Rentals service in Delhi NCR, Bengaluru, Mumbai, Hyderabad, Chennai and Pune that will allow riders to make multiple stops along a journey.

Tata Starbucks will emerge stronger from Covid-19, will expand: TCPL MD

Tata Starbucks will increase the number of coffee outlets across India and the business will emerge "much stronger" from the coronavirus pandemic, according to Tata Consumer Products Ltd (TCPL).

Former IOC Chairman Sanjiv Singh joins Reliance as Group President

Former Indian Oil Corp (IOC) chairman Sanjiv Singh has joined Reliance Industries Ltd as Group President for billionaire Mukesh Ambani-run firm's oil-to-chemicals business.

Sequoia top backer of Indian unicorns with 8 bets, China's Tencent 11th

Venture capital fund Sequoia Capital India is the top backer of unicorns, or firms which have attained a valuation of over USD 1 billion, a report said on Wednesday.