Page 3028 - Company News

BlackRock, three others buy $1.4 billion of Bandhan Bank shares

Bandhan Bank's shares plunged 10.5 per cent on Monday after the transaction, its biggest loss since March 30. They were up as much as 2 per cent on Tuesday

US drugmaker Eli Lilly starts phase 3 trial for Covid-19 antibody treatment

The first-of-its-kind study is expected to enrol up to 2,400 participants who live or work at facilities that have had a recently diagnosed case of COVID-19

Covid-19: From RIL, to Tata Projects, India Inc goes for antibody testing

RIL, JSW, and Tata Projects, among others, testing all employees and also building databases

Moody's upgrades YES Bank to B3 on equity infusion; outlook stable

Successful equity raising showcases lender's regained access to external market funds, which is a result of its improving financial strength, the agency says

Auto companies may face 10-12% price increase for half-yearly contracts

Auto executives confirmed that negotitations between steel companies and major automakers - Maruti Suzuki, Hyundai and Mahindra & Mahindra - are in final stages

Lessons from Covid-19: Happiness in simple things, says Dabur India chief

Things have now settled down to a routine

Chinese brands look to encash on tournament as IPL retains all sponsors

Media planners say Vivo, Oppo and others will go all out on digital and TV, as IPL is only high-impact sports event from India this year. It also falls in festive season, which is key for phone brands

Indian airlines await govt bailout as other countries open their purses

Industry experts say after almost zero traffic in April, airline traffic has marginally improved to 30 per cent in July but not enough to pay for costs

Serum Institute gets nod for Phase-2 and 3 trials of Oxford's Covid vaccine

While the price of the vaccine hasn't yet been decided, the firm said it would like to keep it under Rs 1,000

Big shake-up: Cipla sees 3 big exits from top management of India business

Those who have left include India business head Nikhil Chopra

PTC India gets nod to set up third power exchange; launch likely by next FY

Launch likely by next FY after PTC complies with market regulations

Bandhan Bank says meets all licensing norms with promoters' 21% stake sale

Bandhan Financial Holdings, the holding company of the bank, sold nearly 337.4 mn shares at a minimum of Rs 311 apiece to raise Rs 10,500 cr

Tata vs Mistry: The final countdown of India's biggest corporate battle

The Supreme Court hearings that start this month will determine the legacy of Ratan Tata and establish the rights of minority shareholders

July manufacturing PMI falls to 46; overall activity shrinks for 4th month

Job losses continue as domestic demand struggles as lockdowns return in states and export orders vanish

KPIT Technologies net profit dips 22% to Rs 24 crore in June quarter

It had posted a net profit of Rs 31 crore in the corresponding period a year ago, according to a BSE filing by the company.

JioMart likely to clock Rs 4,000-crore in yearly sales: IIFL Securities

While RIL Chairman Mukesh Ambani had said during the company's annual general meeting last month that orders per day were 250,000, according to IIFL, the figure is now 400,000

Street ignores recovery hurdles faced by pricey McDonald's India franchise

Continued pressure on dine-in sales may hurt growth

Slow Jaguar Land Rover recovery will weigh on Tata Motors profits

While operational gains will continue, firm may not turn profitable this year

Tractor sales grow as monsoon, govt help for farmers lift rural economy

Companies expect to reach full capacity in August after fixing supply chains that collapsed in the months-long lockdown to contain the coronavirus

Number of flights up, yet less than a third compared to July 2019: Icra

Rating says airlines operated at much lower capacity of about 27% this July compared to July 2019 level, but there was a marginal rise over the 25% capacity achieved in June 2020