Page 3018 - Company News

IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares

The bank invoked pledge on 56,83,320 shares forming 7.82 per cent of paid-up equity share capital of Eveready Industries

Grofers announces 9-day sales scheme, Rs 50 cr support to local partners

The company aims to sell 9 crore items produced by its partners including 5.5 crore items that are produced locally, Grofers said in a statement

Amazon Freedom Day sale follows Prime Day success: All you need to know

Potential consumers can enjoy up to 70 per cent off on headphones, up to 70 per cent off on camera accessories, up to 60 per cent off on speakers and home audio

Warehousing demand may rise as e-comm firms target same-day delivery

The demand is likely to be for warehousing of 5000-10,000 sq ft size, property consultant Colliers International said

Mukesh Ambani eclipses Europe's wealthiest man, becomes world's 4th richest

Ambani has slowly been shifting his focus to e-commerce, with tech giants seeking to take a piece of India's fast-growing digital business

PepsiCo to increase investment in UP from Rs 500 crore to Rs 800 crore

Minister Siddharth Nath Singh said that many US companies have agreed to invest in the state

Covid-19 impact: Coal India revises output target to 650 mn tonne in FY21

The miner had earlier set a production target of 710 million tonne for the 2020-21 fiscal

With Instagram Reels' launch, Zuckerberg's personal wealth hits $100 bn

With Reels, one can record and edit 15-second multi-clip videos with audio, effects and new creative tools

For agritech start-ups, spring is in the air as funding rises amid Covid-19

Companies focused on farm technology are witnessing a surge in funding

Debt-recast scheme: CEOs want simpler and corporate friendly norms

CEOs say scheme should also be offered to companies that fell into crisis before Covid

CG Power acquisition likely to double revenues of Tube Investments

But turnaround could stretch its finances in short term

Mid-sized IT services companies get Cloud, cost-efficiency boost

In the quarter ended June, these companies have outperformed top-5 IT services players in the country on revenue and profit metrics

Insurers see over 90,000 Covid-related claims worth Rs 1,463 crore

State-wise data shows, Maharashtra, which has recorded the maximum number of cases in the country, has the maximum claims coming in, followed by Tamil Nadu, Delhi, Gujarat, and Karnataka

One-time loan recast to ease liquidity pressure, says CRISIL report

RBI permitted banks to go for one-time restructuring of loans that are facing stress due to the Covid-19 crisis

Will limit debt restructuring to a select few: Shriram Transport CEO

Chief Executive Umesh Revankar tells T E Narasimhan in an interview that the company does not see any challenge to its cash flows

Business Confidence Index falls 40% in June quarter: NCAER survey

It fell 62 per cent in the June 2020 quarter on a year-on-year (y-o-y) basis, according to a survey by the National Council of Applied Economic Research (NCAER)

One-time loan recast: Tricky road lies ahead for Kamath panel, say experts

Govt appoints four more members; norms in 30 days after recommendations

Japanese e-commerce giant Rakuten gets Indian firms on board for 5G

Rakuten is tying up with Indian companies such as Sterlite Technologies for hardware and HCL, Wipro, and Tech Mahindra for software

Samsung leads smartphone market, shipments plunge 50% in June qtr: Report

Samsung led the overall market during the quarter with 24 per cent share, followed by Xiaomi and Vivo, IDC quarterly mobile phone tracker report said

Rules amended for faster resolution of MNCs' tax disputes under MAP

The move will help in speedy settlement of cases of multinational corporations which have opted for the alternative dispute resolution process