Page 3058 - Company News

RIL chairman Mukesh Ambani to detail post-Covid business plan at AGM

Ambani, 63, may at the company's first online AGM also give a sneak preview of his vision for decarbonisation of energy molecules to create value-added products with almost no carbon emissions.

Investors shouldn't ignore downside risks, high valuations of UBL

Loss of peak season sales suggests tough recovery

Apparel retailers to post operating losses in Q1FY21 as revenues plunge 80%

Cost cutting efforts unlikely to offset sharp revenue fall

Mukesh Ambani is world's 6th richest, pips Elon Musk, Google founders

The chairman of Reliance Industries, whose wealth surpassed Warren Buffett's last week, is now worth $72.4 billion, according to the Bloomberg Billionaires Index.

FMCG hits the road to recovery on rural uptick, focus on essentials

Local lockdowns in several cities remain a concern, but impact would be limited, say analysts

Ensure cashless facility for Covid-19 treatment: Irdai to insurers

It has asked insurers to take appropriate action against hospitals in case they deny cashless facility to policyholders and deviate from the agreed terms of the service level agreements.

India has to engage with both foreign tech and indigenous: Piyush Goyal

The electronics manufacturing industry has pushed for more coverage of incentives and higher tariffs on foreign goods

Google is in advanced talks to invest $4 billion in Jio Platforms

Global tech leaders from Facebook to Intel are looking for multiple ways to grab a slice of the action in the South Asian country, where millions of first-time internet users are added every month.

Pharma industry steps up to cure black marketing of Covid-19 drugs

Some firms are now considering starting their own distribution centres in major cities

Vanguard inks partnership with Infosys, to transfer 1,300 employees

All Vanguard staff currently performing relevant roles will be offered comparable positions at Infosys in close proximity to Vanguard's offices in Malvern, Charlotte, and Scottsdale

Google vs Facebook: India is set to be their next big battleground

Both the companies are looking at partnerships to expand their India business

Jio sets off new telecom war with Voda Idea, Airtel over premium plans

TDSAT to hear Vodafone appeal, Jio's application on Thursday

Walmart infuses $1.2 bn in Flipkart, valuing e-commerce firm at $24.9 bn

The Flipkart Group said it closed the additional $1.2 billion equity round to support the continued development of its e-commerce marketplace as India emerges from the Covid-19 crisis

Piramal seeks investors, hedge funds to raise capital for unfinished houses

India's real estate market is grappling with a lingering lockdown that's slowed construction and sharply crimped new sales in an already struggling market.

Lupin shuts manufacturing plant after 17 staff test Covid-19 positive

The firm has some 11 manufacturing plants at the Ankleshwar site in Gujarat state, which is spread out over 40 acres and has 984 employees, according to the company website.

With an eye on growth, Spencer's works on Natures Basket turnaround

Spencer's acquired a 100% stake in Natures Basket from the Godrej group in a Rs 300 crore deal last July

Bharti Airtel, Verizon join hands to offer video conferencing solutions

As part of this partnership, Airtel will offer secure enterprise-grade video conferencing solutions under the brand name Airtel BlueJeans to enterprise customers in India

Godrej group hikes stake in Sobha to 10% in Q1FY21 via market purchases

Real estate analysts say it could be no more than a portfolio investment; Sobha says not in talks with Godrej

Jio adds 4.7 million users, Vodafone Idea loses 6.4 million, says Trai

The number of telephone subscribers in India decreased from 1,180.84 million at the end of February to 1,177.97 million at the end of March, thereby showing a monthly decline rate of 0.24 per cent.

Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr

IT firm's margin expands despite revenue fall in Q1