Page 3017 - Company News

Emami: June quarter earnings bring much needed relief for investors

Reduction in promoter pledging and improved revenue visibility can drive re-rating

ABB Power open offer: What sparked it and why small shareholders are sore

ABB Power Products and Systems India is in the news due to a controversy over its open offer price. Here is an explainer on this issue:

Covid-19 impact: InterGlobe Aviation to raise Rs 4,000 cr through QIP

The airline posted a pre tax loss of Rs 2842.6 crore in Q1FY21 against a pre tax profit of Rs 1509.4 crore in the same quarter of the last year

Throwback to SEZ era: Real estate sector makes room for data centres

The central government ministries, too, are getting into the act on behalf of the sector.

Covid-19: Capital goods firms experiment with contracts, chase payments

Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm

Tata group seeks financial partners to bid for crisis-hit Air India

Last date for submitting EoIs for Air India is August 31

AAI puts GoAir on 'cash and carry' basis over non-payment of dues

An airline has to pay various charges -- air navigation, landing, parking etc -- to AAI, which works under the Civil Aviation Ministry, to use facilities at any of its more than 100 airports

Amazon holds biggest Prime Day sale in India amid Covid-19 pandemic

Highest Prime Day participation for small businesses with over 91,000 SMB sellers from 5,900 pin codes; 62,000 SMB sellers from small towns, received orders and about 209 SMB sellers became crorepatis

SC asks Centre to prepare plan for recovering AGR dues from bankrupt telcos

Justice Arun Mishra said: "We want to go into the cause for initiation of insolvency against telcos under the IBC."

NDTV reports 55% drop in net profit to Rs 7.55 crore for June quarter

Media firm New Delhi Television Ltd (NDTV) on Monday reported a 54.68 per cent decline in consolidated net profit at Rs 7.55 crore for the quarter ended June

Smart metering will improve discoms' efficiency, high cost a hurdle: Crisil

India's traditional power metering system is inadequate, resulting in MBC (metering, billing and collection) inefficiencies, high commercial losses and revenue leakages, Crisil Ratings said

Air India Express plane, which overshot runway, was insured for $50 mn

Air India's fleet is insured for around $10 billion and the airline has a liability cover of $750 million

MTA wants better system to unlock iPhone without taking off masks

New York's mass transit agency wants Apple to come up with a better way for iPhone users to unlock their phones without taking off their masks

Aramco still working on deal to buy $15 bn stake in Reliance Industries

Reliance's shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed "due to unforeseen circumstances in the energy market and the Covid-19 situation."

Flipkart launches startup promotion programme; may invest from its fund

Flipkart Leap will identify business-to-consumer and business-to-business startups and help them scale through an intensive 16-week virtual programme

Covid-19 pandemic speeds up JSW Steel's US business revamp plan

JSW Steel outlined plans two years ago to invest $1 billion in the US to expand its global footprint

Tata Motors pips Mahindra in vehicle registration in July, FADA data shows

Maruti and Hero strengthen pole position in pandemic-hit market

UBS Principal Capital Asia sells Axis Bank shares worth over Rs 150 cr

UBS Principal Capital Asia Ltd on Monday offloaded shares of Axis Bank worth over Rs 150 crore through open market transactions.

Tea company McLeod Russel moves to settle debts as promoters reduce stake

Most lenders have agree that debt restructuring is right choice and not auction under insolvency for India's largest bulk tea producer

LG India launches online store to deliver directly at customer's doorstep

In view of growing consumer preference towards e-commerce, electronics major LG on Monday announced the launch of 'direct-to-consumer' online store to deliver directly at the customer's doorstep