Page 3013 - Company News

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

Sameer Gehlaut steps down as Executive Chairman of Indiabulls Housing

Gehlaut has taken up the role of Non-Executive, Non-Independent Director of the company

Thermax reports Rs 15.27 crore consolidated loss for June quarter

Thermax Ltd on Wednesday reported a consolidated net loss of Rs 15.27 crore for the quarter ended June 30.

STPI to launch incubator to promote research, startups in health tech

The Lucknow-based hub will nurture 50 start-ups over 5 years

Bombardier, Alstom, 21 others attend meeting on private trains: Railways

The Railways has invited 12 Request for Qualifications for private participation in operation of passenger trains over 109 origin-destination pair of routes

Aavas Financiers reports 11% rise in net profit at Rs 50 cr in Q1

The company had posted a net profit of Rs 45.3 crore in the corresponding quarter of the previous fiscal year

NCLAT rejects plea to start insolvency proceedings against Tata Chemicals

NCLAT observed that the NCLT has rightly dismissed the plea as Allied Silica has failed to prove the operational debt and its default

Embassy Group in talks with Indospace, ESR to monetise warehousing business

The total portfolio of the JV is 15-16 million sq ft, of which 3-4 million sq ft is operational. Warburg Pincus has a 70 per cent stake, while Embassy Group has 30 per cent shareholding in the JV

Companies to now test drugs that deliver antibodies to fight Covid-19

The experimental drugs shortcut the process of antibody formation by giving concentrated versions of specific ones that worked best against the coronavirus in tests

Natco Pharma reports 14.5% decline in net profit at Rs 122 cr for Q1

The company had posted a net profit of Rs 142.8 crore for the corresponding period of the previous fiscal

Coal India seeks 15% concession from railways for coal transportation

Out of 126 coal-based thermal plants linked with CIL, 14 plants located over 1,400 km distance are eligible for the freight concession presently.

MedGenome looks to market novel screening test for coronary artery disease

The test calculates one's risk of developing an artery blockage based on the millions of genetic variations in his anatomy

Stride Ventures provides debt fund of Rs 15 cr in lending platform ZipLoan

Stride Ventures on Wednesday said it has provided a debt fund of Rs 15 crore to ZipLoan, a technology-enabled lending platform that provides loans to micro, small and medium enterprises (MSMEs).

Ford India launches top-end variant of Freestyle starting at Rs 7.69 lakh

Ford India on Wednesday launched a top-end variant of its compact utility vehicle Ford Freestyle at introductory prices of Rs 7.69 lakh and Rs 8.79 lakh (ex-showroom) ahead of the festive season.

Light Combat Helicopters deployed for operations at Leh to support IAF: HAL

LCH is a potent weapon platform because of its state-of-the-art systems and highly accurate weapons that are capable of hitting any type of target by day or night, according to HAL

Hero MotoCorp Q1 preview: Profit may dip up to 94% YoY as sales take a hit

According to analysts, Hero MotoCorp's channel inventory levels, demand outlook and customer response for new products launched will be the key monitorables

Moped sales are back in green in the month of July with 14% growth

TVS Motor, India's third largest two-wheeler maker, is the sole manufacturer of mopeds after Hero and Kinetic exited the sector many years ago

Lemon Tree Hotels launches hotel in Dwarka, Gujarat; stock advances 10%

For the quarter ended June 2020, the company's revenue from operations declined 71.1 per cent year-on-year (YoY) to Rs 40.7 crore.

No more a tech firm: Softbank gives up pretending it isn't a hegde fund

Masayoshi Son used to run a tech company but he has not 'operated' anything for a while.