Page 3026 - Company News
Sugar production to increase to 30.5 million tonnes in 2020-21: Ind-Ra
Ind-Ra said it expects sugar production to increase to 30.5 million tonnes in SS21, factoring in a cane diversion equivalent to 1.5 million tonnes of sugar
 "Sugar production to increase to 30.5 million tonnes in 2020-21: Ind-Ra")
Coca-Cola India investments on track despite Covid-19 disruptions
Half of Rs 11,000 crore kitty utilised, says CEO Krishnakumar
 "Coca-Cola India investments on track despite Covid-19 disruptions")
Sun Pharma launches cheapest favipiravir brand in India, at Rs 35 a pill
Pricing pressure in this category is already visible as Glenmark revised its original price (Rs 103 per tablet) to Rs 79 per tablet within a month of the launch
 "Sun Pharma launches cheapest favipiravir brand in India, at Rs 35 a pill")
OYO restoring full salaries in India, South Asia in phased manner
The spokesperson said 12.5 per cent of the total 25 per cent salary cut will be restored from October and the remaining 12.5 per cent from December 2020
 "OYO restoring full salaries in India, South Asia in phased manner")
Time to make right investments, leverage R&D strength: N Chandrasekaran
His remarks come against the backdrop of century's worst crisis triggered by the pandemic. India's GDP is expected to contract by at least 2.5% next year
 "Time to make right investments, leverage R&D strength: N Chandrasekaran")
Car sales far from normal monthly numbers: Maruti chairman R C Bhargava
The auto major is currently producing vehicles at 60 per cent of its installed capacity in the Gurugram and Manesar plants, Bhargava pointed out during an interview
 "Car sales far from normal monthly numbers: Maruti chairman R C Bhargava")
Nasscom slams US move to stop federal agencies from hiring foreign workers
The order directs the heads of each federal department and agency to review the use of offshore services as well as temporary foreign labour
 "Nasscom slams US move to stop federal agencies from hiring foreign workers")
Videocon to get better offers after Covid-19 blows over: Promoters
Even before the decision to liquidate the group companies is taken, the committee of creditors must open all resolution plans received so far, said the promoters.
 "Videocon to get better offers after Covid-19 blows over: Promoters")
RIL close to acquiring Future Retail, finalises plan with lenders
RIL, Future stocks go up on finalisation of acquisition talks
 "RIL close to acquiring Future Retail, finalises plan with lenders")
Adani Ports raises $750 mn via issue of fixed rate senior unsecured notes
Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has raised $750 million (about Rs 5,600 crore) by issuing fixed rate senior unsecured notes.
 "Adani Ports raises $750 mn via issue of fixed rate senior unsecured notes")
Sharechat in talks with Sequoia Capital to raise around Rs 1,500 cr
Indian social media app Sharechat is in talks with US-based venture capital firm Sequoia Capital to raise around Rs 1,500 crore, according to a source.
 "Sharechat in talks with Sequoia Capital to raise around Rs 1,500 cr")
IRDAI allows life insurers to issue policies electronically due to Covid-19
The regulator further said there will be a mandatory 30-day free look period for all such electronic policy documents
 "IRDAI allows life insurers to issue policies electronically due to Covid-19")
High taxes creating affordability issue for aspiring car owners: MSI
Passenger vehicles currently attract top GST rate of 28% with cess ranging from 1% on those less than four metres in length with petrol engine to 22% on big SUVs longer than four metres
 "High taxes creating affordability issue for aspiring car owners: MSI")
HDFC Bank's chief in waiting: Spartan Sashi has large shoes to fill
Apart from navigating the bank through the Covid scare, Jagdishan may also have to deal with new developments in auto loan practice scam, and senior manager exits at the bank
 "HDFC Bank's chief in waiting: Spartan Sashi has large shoes to fill")
Adani, Sunteck Realty, Suraksha Asset show interest in acquiring HDIL
The invitation for EOI was first published in February and subsequently revised five times till July. Submission of EOI was closed on July 31
 "Adani, Sunteck Realty, Suraksha Asset show interest in acquiring HDIL")
Paytm Money goes live with stockbroking services on its platform
Widens product offering after mutual funds, pension schemes
 "Paytm Money goes live with stockbroking services on its platform")
Tata Consumer Products reports 81.8% rise in Q1 net profit at Rs 346 cr
The company posted a net profit of Rs 190.09 crore in April-June a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in a BSE filing.
 "Tata Consumer Products reports 81.8% rise in Q1 net profit at Rs 346 cr")
Bharti Airtel shareholders approve scheme of VSAT operations merger
Within the promoter and promoter group, 100 per cent of votes cast were in favour of the scheme
 "Bharti Airtel shareholders approve scheme of VSAT operations merger")
NTPC Group's power generation in July rises 13% at 26.73 billion units
NTPC on Tuesday said its power generation including of joint ventures and subsidiaries rose 13.3% to 26.73 billion units in July as compared to the preceding month
 "NTPC Group's power generation in July rises 13% at 26.73 billion units")
Google, Amazon overtake Apple as most imitated brands in June quarter
The report outlined latest trends in 'brand phishing', a term used to describe when a hacker imitates an official website of a known brand by using a similar domain or URL
 "Google, Amazon overtake Apple as most imitated brands in June quarter")