Page 3002 - Company News
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
 "Excited by demand, but production remains a challenge: Royal Enfield")
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
 "Apple likely to unveil subscription bundles to boost digital services")
India Inc faces rough weather in overseas biz; domestic ops take priority
Post-Covid-19, the action has shifted to the home market
 "India Inc faces rough weather in overseas biz; domestic ops take priority")
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.
 "Tata Steel sinks into red, logs loss of Rs 3,337 crore in June quarter")
Offline retailers keep off Freedom sales amid lockdown, muted sentiment
Croma, Reliance Digital buck trend, but mood remains sombre
 "Offline retailers keep off Freedom sales amid lockdown, muted sentiment")
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
 "Consumer goods firms see value in fast-growing, high-margin spices biz")
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
 "India's growth may hurt if rural-to-urban migration not checked: Adani")
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
 "A M Naik wants India Inc to take advantage of anti-China sentiment")
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
 "SBI moves SC in AGR case, says interests of DoT will be protected")
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
 "Medha invests Rs 1,000 cr, sets up 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
 "Core investment companies can have only two layers, says RBI")
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
 "Robinsons Global sets up warehousing facility in Thane for Rs 6.5 cr")
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
 "Online channels accounted for 43% of Indian smartphone market in Q2")
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
 "Coralogix to invest $30 mn in India to meet data localisation norms")
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
 "Hospitality major EIH posts Rs 152 cr net loss in Q1 due to Covid-19 crisis")
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
 "Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis")
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
 "Gems, jewellery exports slump 38% to $1.36 bn in July as Covid-19 bites")
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
 "Digital offerings growing area of investment for every telco: 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.
 "JSPL starts supplying head hardened rails for Kolkata metro project")
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
 "Amazon pips Flipkart, is top online smartphone channel in India in Q2")