Page 3059 - Company News
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
 "FMCG hits the road to recovery on rural uptick, focus on essentials")
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.
 "Ensure cashless facility for Covid-19 treatment: Irdai to insurers")
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
 "India has to engage with both foreign tech and indigenous: Piyush Goyal")
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.
 "Google is in advanced talks to invest $4 billion in Jio Platforms")
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
 "Pharma industry steps up to cure black marketing of Covid-19 drugs")
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
 "Vanguard inks partnership with Infosys, to transfer 1,300 employees")
Google vs Facebook: India is set to be their next big battleground
Both the companies are looking at partnerships to expand their India business
 "Google vs Facebook: India is set to be their next big battleground")
Jio sets off new telecom war with Voda Idea, Airtel over premium plans
TDSAT to hear Vodafone appeal, Jio's application on Thursday
 "Jio sets off new telecom war with Voda Idea, Airtel over premium plans")
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
 "Walmart infuses $1.2 bn in Flipkart, valuing e-commerce firm at $24.9 bn")
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.
 "Piramal seeks investors, hedge funds to raise capital for unfinished houses")
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.
 "Lupin shuts manufacturing plant after 17 staff test Covid-19 positive")
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
 "With an eye on growth, Spencer's works on Natures Basket turnaround")
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
 "Bharti Airtel, Verizon join hands to offer video conferencing solutions")
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
 "Godrej group hikes stake in Sobha to 10% in Q1FY21 via market purchases")
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.
 "Jio adds 4.7 million users, Vodafone Idea loses 6.4 million, says Trai")
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
 "Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr")
Asia to remain dominant player in garment sector in coming decade: Report
It identified India and Indonesia as potential recipients of manufacturing shifts and growth in terms of global apparel export share
 "Asia to remain dominant player in garment sector in coming decade: Report")
Burman family increases stake in Eveready Industries by 8.48% to 19.84%
The latest increase in stake brings the Burman family holding in Eveready close to the promoter holding
 "Burman family increases stake in Eveready Industries by 8.48% to 19.84%")
Renuka Sugars' shareholders approve raising up to $300 mn from holding firm
The ordinary resolution to this effect was approved by the shareholders at an extra ordinary general meeting, according to a regulatory filing
 "Renuka Sugars' shareholders approve raising up to $300 mn from holding firm")
Wipro to acquire Brazil-based IT service provider for $22.4 million
The acquisition will also help Wipro set up delivery centres in the northeast of Brazil leveraging IVIA's workforce
 "Wipro to acquire Brazil-based IT service provider for $22.4 million")