Page 2998 - Company News

IDFC up over 20% over last two trading sessions on buzz of stake sale

Lock-in period for stake in bank expires on Sept 30, AMC arm seeing steady growth

Confusion over MSCI weightage triggers volatility in Bharti Airtel

The stock recouped most of the day's losses after some brokerages pointed out that the reduction in weightage could be on account of an error in computation

Domestic air traffic rises 6% in July as aviation sector tries to take off

Airlines flew 2.1 mn passengers in July, against 1.9 mn in June

Top realtors see spurt in take-over proposals for stressed office projects

So far, there were opportunities in stalled residential projects for top developers like Godrej Properties

Excited by demand, but production remains a challenge: Royal Enfield

"The uncertainties continue, but things are looking up on the demand side for motorcycles and it is expected to catch up soon in commercial vehicles," said Siddhartha Lal, MD and CEO at Eicher Motors

Apple likely to unveil subscription bundles to boost digital services

The bundles, dubbed 'Apple One' inside the Cupertino, California-based technology giant, are planned to launch as early as October alongside the next iPhone line

India Inc faces rough weather in overseas biz; domestic ops take priority

Post-Covid-19, the action has shifted to the home market

Tata Steel sinks into red, logs loss of Rs 3,337 crore in June quarter

Revenue from India operations stood at Rs9,145 crore, down 42 per cent from same period last year.

Offline retailers keep off Freedom sales amid lockdown, muted sentiment

Croma, Reliance Digital buck trend, but mood remains sombre

Consumer goods firms see value in fast-growing, high-margin spices biz

Multiple parties from private equity to strategic players see value in the fast-growing, high-margin branded spices business

India's growth may hurt if rural-to-urban migration not checked: Adani

The rural-urban imbalance reflects the inequality of opportunities that need to be addressed, he added

A M Naik wants India Inc to take advantage of anti-China sentiment

L&T adopted stringent measures to ensure the safety and well-being of its workers and stakeholders

SBI moves SC in AGR case, says interests of DoT will be protected

Representing RComm, SBI said that the amount payable under a resolution plan shall be paid on priority to operational creditors over financial creditors

Medha invests Rs 1,000 cr, sets up rail coach factory in Telangana

Medha Servo Drives, a Hyderabad-based diversified firm, on Thursday laid the foundation for setting up a rail coach factory in Telangana

Core investment companies can have only two layers, says RBI

In revised guidelines, regulator says entities have time till March 2023 to reorganise their biz structure

Robinsons Global sets up warehousing facility in Thane for Rs 6.5 cr

This is the first such warehouse of the four such facilities Robinson Global Logistics Solutions (RGL) plans to set up by the first quarter of 2021 in the country, the company said in a release

Online channels accounted for 43% of Indian smartphone market in Q2

Online channels accounted for 43 per cent share of the Indian smartphone sales in the June 2020 quarter as consumers preferred contact-less shopping experiences

Coralogix to invest $30 mn in India to meet data localisation norms

In a statement, the company said customers can meet compliance requirements for India's new data privacy laws with data localisation, and improve service performance

Hospitality major EIH posts Rs 152 cr net loss in Q1 due to Covid-19 crisis

The company had posted a net loss of Rs 1.13 crore in the corresponding period of previous fiscal, EIH said in a filing to the BSE

Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis

In its earnings statement, the company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas