Page 3010 - Company News

Premiums of non-life insurers rise 18.4% to Rs 17,011 cr in July

The biggest gainers were the standalone health insurers, 6 in all, with premiums rising more than 40 per cent to Rs 1,573.96 crore

Freight rates on coal supply: CIL asks for discount, Railways says no

The national transporter has indicated that it has no plans to give concession for distances between 701 to 1400 km

Tata Power announces merger of three wholly-owned subsidiaries with itself

The company said the merger is part of a strategic initiative to simplify the group holding structure and a broader plan to set the company for future growth through fiscal consolidation

Delhi HC issues notice to govt over google tax on MasterCard's subsidiary

The issue: if the Asia Pacific arm does not have permanent establishment in India, it must pay 2% equalisation levy, but if it does then it will pay the normal tax

Shell eyes stake in Nayara's $9 bn Indian petrochemical project: Report

Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical capacities

Skyroot Aerospace first private company to test upper stage rocket engine

The company till now has raised Rs 31.5 crore and is in process of raising another Rs 90 crore this year

Tanla Solutions posts consolidated profit of Rs 78 cr in June quarter

Communication services firm Tanla Solutions on Wednesday posted a consolidated profit of Rs 78.6 crore in the first quarter ended June 30, 2020.

Phoenix Mills to raise Rs 1,200 cr via qualified institutional placement

The company's board has already taken an enabling resolution from shareholders to raise as much as Rs 1,200 crore

Indiabulls Housing Finance names S S Mundra non-executive chairman

Executive chairman Sameer Gehlaut will be CEO at Indiabulls Ventures

Cement demand could not be sustained due to Covid-19 pandemic: K M Birla

Birla informed shareholders that cement demand for most of FY2020 was sluggish, with improvement expected December onwards

Cummins India reports 65% decline in consolidated PAT at Rs 53 cr in Q1

The company had posted a PAT of Rs 152.56 crore in the same period last fiscal, Cummins India Ltd said in a regulatory filing

Microsoft makes a comeback in smartphone business with its new Duo

Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago.

Covid-19 impact: Brigade Enterprises posts pre-tax loss of Rs 86 cr in Q1

The company reported a net loss of Rs 53 crore for the period vis-a-vis a net profit of Rs 41 crore in Q1FY20

Preparation on to cap damaged OIL well in Assam spewing gas for 78 days

Two attempts to cap the well, which is situated in Tinsukia district, made in a fortnight have failed

Ashok Leyland net loss at Rs 389 cr in June quarter, owing to pandemic

The commercial vehicle maker had posted a net profit of Rs 274.96 crore for the April-June 2019 quarter

Over 1,700 big wilful defaulters together owe Rs 37,020 crore to PNB

Leading the chart is Mehul Choksi-promoted Gitanjali Gems Ltd with an outstanding loan of Rs 5,064.84 crore

Air India to shut five European stations to cut costs in Covid times

The airline will close down the Copenhagen, Vienna, Stockholm, Madrid, and Milan stations

Bharat Forge reports consolidated loss of Rs 127.3 crore in Apr-Jun qtr

The company had posted a consolidated profit of Rs 171.9 crore in April-June period of the previous fiscal, Bharat Forge said in a filing to the BSE

Telecom firms evolving into digital networks a positive sign: Trai chairman

Large telecom companies are using artificial intelligence, big data and machine learning in a significant way already to improve services and optimise resources, R S Sharma said

Prime Venture Partners ropes in Ashish Gupta as partner emeritus

At Prime, Gupta will be a part of the investment committee and actively involved in the decision-making process of all future investments