Page 3015 - Company News

CCI approves proposal for formation of Honda Motor, Hitachi joint venture

By way of the proposed combination, HAMCL and Hitachi will jointly control the integrated company, the notice filed with regulator said

SC ruling on rights of daughters reinstates faith in Judiciary: Valli

Fighting a lone boardroom battle at the Rs 36,000-crore Murugappa Group previously headed by her late father, US-based Valli Arunachalam had called for a public debate on bias against women in family

PVR Cinemas eyes the bigger picture, raises Rs 300 cr to tide over crisis

The pressure on the industry is weighing down on more than just PVR Cinemas

OnMobile net profit jumps six-fold to Rs 12 crore in June quarter

Software company OnMobile Global on Tuesday posted a six-fold jump in profit at Rs 12 crore for the quarter ended June.

Google's first global virtual visiting card-like feature launched in India

The feature will appear only on mobile-based searches in the current phase and will be authenticated with the user's mobile number

Steady cash flow more crucial for Indian firms than access to tech: HSBC

India stood second behind Malaysia (at 42 per cent) where maintaining cash flow has been considered by businesses as a key barrier to building resilience, it said

Prestige Estates looks to pare debt, raise liquidity via Blackstone deal

Bengaluru-based realtor has over 30 mn sq ft of offices and over five mn sq ft of malls under various stages of development

Hit by Covid-19, Startek June-quarter loss widens to $5.2 million

Business process management firm Startek on Tuesday reported widening of its loss to $5.2 million for the June quarter

Top developers seek to cut debt by offloading assets in fire sale

Analysts say several have raised funds by selling rental-yielding assets, some second rung cash-strapped builders are asking their banks and financial creditors to take over half-completed projects

Wipro completes acquisition of Belgian firm 4C for 68 million euros

Wipro had said the acquisition would significantly strengthen its position as a leading provider of Salesforce solutions in various markets.

Economic impact of Airbnb in India stood at $320 mn in 2019: Report

The contribution by Airbnb made to the Indian economy was driven by guest spending during their stay, hosts investment in their properties, among others, the report said

PTC India reports 7% rise in consolidated net profit at Rs 100 cr in Q1

The company's net profit stood at Rs 93.26 crore in the April-June period of 2019, it said in a BSE filing.

Non-life insurers receive more than 100K Covid-19 claims worth Rs 1,644 cr

While initially, the claim amount was high, it has now moderated with many states prescribing a standard treatment rate for Covid-19

Petronet invokes force majeure on 9 cargoes as lockdown cuts offtake

Petronet LNG Ltd, the country's biggest gas importer, on Tuesday said it invoked the force majeure on nine cargoes after COVID-19 lockdown cut offtake by consumers.

Shriram City Union reports standalone net profit of Rs 192.27 cr in Q1

The city-based company had declared net profits at Rs 253. 18 crore during the corresponding quarter of the previous year

Indoco Remedies Q1 net profit jumps over nine-fold to Rs 17.04 cr

Drug firm Indoco Remedies on Tuesday reported over nine-fold jump in its consolidated net profit to Rs 17.04 crore for the first quarter ended June 30, mainly on account of robust sales.

Take measures to increase apparel exports two times, Gadkari tells AEPC

Wants textile industry to explore use of new materials like bamboo, says he will speak to PM to allow export of PPE

Anand Mahindra, global CEOs endorse plan to build better economic system

The global CEOs include Ajay Banga (Mastercard), Alan Murray (Fortune Media), Dan Hendrix (Interface), Dylan Taylor (Voyager Space Holdings), Emmanuel Faber (Danone) and Feike Sijbesma (DSM)

Household FMCG consumption in Apr-June highest in two years: Report

Personal care segment witnessed a double-digit growth of 11.1%, while household care, which consists of products like detergents and surface cleaners, logged 4.6% growth

Isro data from remote sensing satellites helped raise crop output: minister

Jitendra Singh highlights use of Isro technology in railway safety, border protection, telemedicine and other areas