Page 2999 - Company News

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

Gems, jewellery exports slump 38% to $1.36 bn in July as Covid-19 bites

India's cut and polished diamond exports in July fell 39% from a year ago to $918.4 million, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement

Digital offerings growing area of investment for every telco: Report

Digital offerings represent a "growing area of investment" for every telecom company, with Reliance Jio leading the way, according to an analyst report

JSPL starts supplying head hardened rails for Kolkata metro project

Jindal Steel and Power Ltd (JSPL) on Thursday said it has started supplying head hardened (HH) rail to Rail Vikas Nigam Ltd (RVNL) for the Kolkata Metro's Joka-Esplanade corridor.

Amazon pips Flipkart, is top online smartphone channel in India in Q2

With a 47 per cent share, Amazon beat Flipkart to become the top online smartphone channel in India for the first time in the second quarter of this year

Turbostart announces Rs 50-crore Series-II funding round for startups

Business accelerator firm Turbostart on Thursday announced a second series of funding round, 'Cohort II', with a Rs 50-crore corpus for start-ups.

China's Huawei, ZTE set to be shut out of India's 5G roll out plans

While India allowed Huawei to participate in its 5G trials earlier this year, its stance against Chinese companies hardened after China's actions along their disputed border in early May

Eicher Motors' VECV to acquire Volvo India's bus biz for Rs 100.5 cr

VECV entered into a business transfer agreement on Aug 12 with Volvo Group India for acquisition, as a going concern on slump sale basis, of the bus business of Volvo Group India, Eicher Motors said

Larsen & Toubro wins 'significant' contracts for various businesses

Engineering and construction conglomerate Larsen & Toubro (L&T) on Thursday said it has won significant contracts for its various businesses.

Zydus Cadila gets USFDA nod to market phosphorus controlling drug

Drug firm Zydus Cadila on Thursday said it has received final nod from the US health regulator to market generic Sevelamer Carbonate tablets

Jump Networks Limited envisages to tap the $100-bn opportunities in India

India has the highest number of disconnected people despite having the second largest online market in the world

INOX group to be official sponsor of Indian team at Tokyo Olympics: IOA

The Tokyo Olympics was rescheduled to next year due to the Covid-19 pandemic

2.1 mn travelled domestically by air in July, 82.3% lower than year-ago

Moreover, the occupancy rate or load factor for five out of six major Indian airlines was between 50 and 60 per cent in June, the DGCA stated

Govt plans sale, registration of EV two, three wheelers without batteries

Battery, which accounts for 30-40% of the total cost of a vehicle, could be provided separately.

Poonawalla Finance eyes 35% growth in loan book in FY21 despite poor Q1

Poonawalla Finance, aims to grow its loan book by at least 35 per cent this fiscal despite losing the first quarter to coronavirus-induced lockdowns

SpiceJet offers automated customer service, check-in facility on WhatsApp

The automated agent will also resolve customer's queries on WhatsApp, the airline said, adding that it is also available on its website and mobile app

With rally in Tata Consumer Products' stock, all eyes on execution

Street bets on strong demand for branded staple products, aggressive distribution expansion and new CEO's focus on underpenetrated categories

Nasscom 'cautiously optimistic' on exemptions in US non-immigrant visa ban

Nasscom said it has consistently raised the importance of visa holders working in the tech sector, particularly those who would be delivering services designated essential

Air Asia picks Kerala-based startup JIFFY.ai for Robotic Process Automation

JIFFY.ai has development centers in Silicon Valley, Thiruvananthapuram, Bangalore and Kochi

Yamaha Motor India launches online sales platform in India amid pandemic

Yamaha Motor India said its new website will have all the latest features