Page 3048 - Company News

ArcelorMittal moves HC against Gujarat govt, Essar over Hazira port licence

Essar Steel owns a 10 million tonnes per annum steel plant at Hazira in Gujarat, which is serviced by a captive jetty constructed at port.

Grofers advances plan to launch IPO by 2021-end as profit zooms

The company closed the financial year with a revenue of around Rs 2,500 crore and the valuation of Grofers is estimated to be close to Rs 6,000 crore.

Lupin, Granules India recall 971,000 diabetes drug bottles from US market

As per the USFDA, the companies are recalling the product due to deviation from the current good manufacturing practices

India's PV exports fall 75% in Q1 as Covid-19 puts brakes on demand

Overseas shipments of utility vehicles declined 67.56 per cent to 11,813 units in the period under review as compared with 36,418 units a year ago

Two-wheeler sales recovering across domestic, export markets: Bajaj Auto

In April-June, the company sold 1,85,981 units in the domestic market, down 69.55 per cent from 6,10,936 units in the same period last year

403 infra projects show cost overruns of over Rs 4.05 trillion: Report

Reasons for overruns are delay in land acquisition, delay in obtaining forest/environment clearances and lack of infrastructure support & linkages.

BPCL privatisation: Firm offers VRS to those who don't want new management

The 'Bharat Petroleum Voluntary Retirement Scheme - 2020 (BPVRS-2020)' opened on July 23 and will close on August 13

SD Shibulal's family sells 8.5 million Infosys shares worth over Rs 777 cr

The sale was executed by Citigroup Global Markets India Private Limited as the sole broker

Covid-19: Favipiravir triggers a price war; new brand launched at Rs 39

According to industry insiders, many more brands are lined up for launch, including one from Cipla

Welspun launches Rs 1,100 crore manufacturing facility in Telangana

To invest Rs 400 crore for advanced textiles plant

Mahanagar Gas hikes CNG prices by Re 1 to Rs 48.95/kg due to lower sales

Accordingly, revised selling price inclusive of all taxes in and around Mumbai will be Rs 48.95/kg

Delayed IPL 2020 may bring festive-season bonanza for advertisers

Experts see uptick in ad revenue after dull first half

Tata Education Trust gets Rs 220-crore exemption from ITAT

The matter pertains to Tata Trust's donation of $100mn to Harvard, Cornell

Verizon beats estimates on lockdown boost to phone, internet services

Revenue in Verizon's media unit, which includes Yahoo, HuffPost and TechCrunch, declined 24.5% in the second quarter

Not buying from China, will supply J&K Smart meters by Dec: Techno Electric

Contract has been signed with Indian unit of Dongfang, allegations are unfounded, says Kolkata-based electric equipment manufacturer

Polycab India's June quarter reflects deep impact of Covid-19 lockdown

Valuation discount to peers and recovery in certain pockets bode well

After all-round Q1 beat, Asian Paints may find it hard to convince Street

Revenue down by 43% and PBT 70%; scepticism is around sustenance of volume recovery

Gold finance, mining companies shine as gold prices scale new highs

Despite the strong gains in gold and silver prices, many experts believe the momentum in precious metals will continue

Adar Poonawalla: A rare risk-taking CEO with strong business acumen

Adar Poonawalla's Serum Institute has tied up with AstraZeneca-backed Oxford vaccine candidate for one billion doses which it will make for India and the GAVI vaccine alliance of 58 countries

LIC IPO: Govt screens 11 companies for role of transaction advisor

Presentations made on video conference to government; IPO pegged at Rs 1 trillion by some