Page 3040 - Company News

Covid-19 likely to hit Reliance Industries' Q1 profit, say brokerages

An analysis of 12 brokerage research reports shows that expectations for RIL's net profit for the quarter ended June 2020 ranges from Rs 4,600 crore to Rs 8,083 crore.

Govt extends bidding deadline for BPCL by two months till Sept 30

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On May 26, it was extended to July 31 and now it has been extended till September 30.

Sanofi lifts earnings view as Regeneron stake sale boosts second quarter

Sanofi is working on two of the more than 150 potential Covid-19 vaccines being developed across the world

IndiGo to raise $268 mn via sale, leaseback of planes and other assets

Airlines globally are looking for ways boost their finances after the coronavirus crisis kept travellers at home

Tech Mahindra, Hinduja Group's CyQureX sign pact for cyber security biz

IT company Tech Mahindra and Hinduja Group's CyQureX on Wednesday announced a global partnership to jointly offer cyber security solutions.

NPCIL to build four more atomic power units in 2020, says AEC chief

The KAPS-Unit 3 is the first atomic power unit that would start commercial operations

Manappuram Finance posts 38% jump in Q1 net profit at Rs 368 crore

The non-banking finance company (NBFC) had registered a net profit of Rs 266.78 crore in the same period of the previous fiscal year

Coal India arm Mahanadi Coalfields logs its highest single day despatch

Coal India subsidiary Mahanadi Coalfields Ltd (MCL) on Wednesday said it posted its highest-ever single day coal despatch of 5,17,448 tonnes on July 28

Myntra in talks to expand fashion brands to Southeast Asia, Europe

The Flipkart-owned company announced its foray into the Middle East market with its partnerships with e-commerce platforms, noon.com and namshi.com

India vulnerable to malware, drive-by download attacks: Microsoft report

India recorded a cryptocurrency mining encounter rate that was 4.6 times higher than the regional and global average

GlaxoSmithKline Pharma Q1 net profit declines 2.38 pc to Rs 111 cr

The company had posted a net profit of Rs113.54crore in the corresponding period previous fiscal

GoAir clocks over 200 int'l charter flights, repatriates 37,990 Indians

The airline said it had gradually ramped up operations with a combination of 'Vande Bharat Mission' flights and private international charters

TVS Motor posts Rs 139 cr in first quarter as Covid-19 impacts sales

The revenue on a standalone basis in the period under review declined to Rs 1,434.3 crore from Rs 4,469.8 crore in the year-ago period

PFC ties up with IIT-Kanpur for research, training in smart grid technology

IIT-K will also provide training on smart grid technology to 90 participants

Mondelez recovers ground in Jun after India lockdown disruption: Global CEO

Sales grew in mid single digits, momentum continues in July

Toppr raises Rs 350 crore in Series D funding to scale up AI platform

With this, Toppr has now raised Rs 700 crore in all and will use these funds to grow its AI learning platform with over 13 million registered students and to launch new platforms for coding

CIL's coal allocation for non-power sector in Q1 rises 3-fold to 6.66 MT

Coal India accounts for over 80% of domestic coal production

Myntra forays into Middle East, eyes $28 bn online fashion opportunity

Myntra's research identified high levels of potential channels across the globe offering significant opportunities in the online fashion segment

Rolls-Royce plans $1.9 billion share issue to bolster finances, says Report

Rolls-Royce, which makes engines for the Boeing 787 and Airbus 350, said it would burn through 3 billion pounds in the first half of the year

NTPC achieves highest daily gross power generation of 977.07 MU: Govt

NTPC total generation includes power generated from its subsidiary and JV companies