Page 3030 - Company News

Bandhan Bank's holding co pares stake to 40% to comply with licensing norms

In terms of the guidelines of the licensing of new private lenders issued by RBI, BFHL was required to bring its excess shareholding to 40% of the paid-up voting capital of the bank

Microsoft Translator for iOS adds auto mode for one-on-one chats

Microsoft Translator for iOS has just made it easier to translate one-on-one chats with the addition of an auto mode that allows people to concentrate more on the conversation

Exide Industries reports Q1 net loss of Rs 13.56 cr due to Covid-19 crisis

The company had posted a net profit of Rs 161.58 crore in the corresponding quarter a year ago

Bangalore Airport extends biometric-based self-boarding facility to AirAsia

The safe and contactless facility was first rolled out by the Bangalore International Airport for Tata-SIA airline, Vistara, in July last year

Greater localisation, offshoring to cut visa hike impact for Indian IT cos

Experts say the visa price hike impact will be minimal as IT firms are already sitting on comfortable margins due to absence of travel and reduction of other discretionary costs

GMR Infra plans to divest non-core assets, bets big on land monetisation

As per the document, 4,650 acres area there has been notified as SEZs and utility and environment approvals are in place

CIL sees 17% jump in composite opencast output in July, hopes further rise

The composite production was 110.40 million cubic metres (M CuM) for July, against 94.4 M CuM in July 2019, CIL said in a statement.

SpiceJet offers discounts, vouchers up to Rs 2,000 to boost seat capacity

Domestic capacity of airlines in india this July at 27 per cent of 2019 level, says Icra

Amazon India launches new warehouse in Ludhiana ahead of Prime Day sale

Amazon India has announced the expansion of its warehouse network with the launch of a new specialised fulfilment center (FC) for large appliances and furniture in Ludhiana

Uncertainty continues due to lockdown in various places: Kirloskar Electric

The company said the lockdown affected its sales to the extent of Rs 18 crore in March

Wockhardt to supply millions of multiple Covid-19 vaccine doses to UK

The company has reserved fill-and-finish capacity - the final manufacturing step of putting vaccines into vials or syringes and packaging them - as part of an agreement with the UK government

Colliers appoints Subhankar Mitra as MD of advisory services biz in India

Global property consultant Colliers International said it has appointed Subhankar Mitra as the Managing Director of its advisory services business in India

US coffee brand Starbucks bucks Covid-19, enters Lucknow with two outlets

With this, Starbucks has expanded its store network to 189 across 12 cities in India, which is one of its fastest growing markets globally

BS READS: How deep Huawei's roots run and why it's tough to keep it out

Keeping Huawei out is hard as its offerings are cheaper than European rivals, and it has ongoing maintenance contracts with telcos here. Two-thirds of 560,000 towers in India run on Huawei equipment

Facebook India gets down to serious business as it tries to go local

For the $71-billion Facebook Inc more is always merrier: more people means more engagement and, consequently, more advertising

Gujarat HC allows tax credit on services under GST, signalling help to cos

Court strikes down an explanation Central GST rule, which the central government used to deny claim on input tax credit on services in case of inverted duty structure

Apple plans to move 10% of its global manufacturing to India in 5 yrs

Move will help the company shift production from China, where around 95 per cent of its mobiles are currently manufactured

Samsung crafts India comeback in smartphone market as anti-China wave grows

Samsung jumped to the No. 2 spot with 26% market share in the second quarter behind Xiaomi's 29%

To convert 2G to 4G, telecom companies need to invest $8 billion

Availability of low-cost smartphones and tariffs also key to make the country 2G-free

Weak domestic business to offset gains on JLR front for Tata Motors

Analysts expect the company to turn profitable only in Q4FY21