Page 3064 - Company News

Nine companies in last lap for redevelopment of four railway stations

Nagpur, Gwalior, Amritsar and Sabarmati to see investment of about Rs 1,300 crore

India ranks 3rd in global manufacturing locations among 48 nations: Report

China and the US retain the top two positions, while India has moved one place higher to rank third

Deal stalls as Aramco seeks 20% cut in Reliance's O2C business valuation

Ambani at Reliance's annual general meeting on Wednesday said the Aramco deal was delayed due to "unforeseen circumstances in the energy market and the Covid-19 situation"

Revenue of cotton spinners to contract by 25-30% in FY21: Icra Ratings

This will further add to the woes of the sector which saw an estimated 5-7 per cent decline in revenue and 200-250 basis points (bps) correction in operating margins in FY20

Cost-cutting is necessary: Puri on Air India's leave without pay plan

Air India has started the process of identifying employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay (LWP) for 5 years

India must become talent hub post-Covid to draw global investments: Nasscom

IT body chief says it is launching a Rs 436-crore reskilling project on PPP basis to help build digital fluencies in emerging technologies such as AI and cybersecurity

Live tutoring platform Vedantu raises $100 mn from Coatue, other investors

Vedantu has recorded a growth of 220 per cent during lockdown with one million students attending live classes every month now

India needs holistic ecosystem to rebuild API manufacturing capacity: PwC

The Chinese API industry has an inherent advantage because of economies of scale and support from the Chinese government

UK-based fintech unicorn Rapyd enters India with flexible payment solution

Partners with several key players in India's payments ecosystem such as Paytm Payments Bank, PhonePe, PayU and HDFC Bank to roll out the solution

Human trials of Covid-19 vaccine a milestone for Atmanirbhar Bharat: DBT

Zydus Cadila on Wednesday said it has initiated Phase 1 and 2 clinical trials of its Covid-19 vaccine candidate

Reliance's 20% stake sale to Saudi Aramco stalled over valuation: Report

Aramco wants India's Reliance to review its price for the oil-to-chemical business as the global valuation of oil assets has tumbled

Reliance emerging as bigger threat for US giants like Amazon, Walmart, Zoom

Stake sales in Reliance's digital unit Jio Platforms attracted not just private equity and sovereign wealth funds but also Google and Facebook

Leading European auto maker Groupe PSA starts assembling cars in India

The first product get off the assembly line and likely to hit the market early next year is the company's premium SUV C5 Aircross

Maharashtra genco to set up 602 MW-capacity solar power plants: State govt

These projects will be developed under an engineering, procurment and commissioning (EPC) contract in three stages on lands owned by Mahagenco

SAIL's stockpile of iron ore fines give company opportunity for profit

Profits from the sale of high-grade iron ore fines could help state-owned company reduce debt

Ed-Tech firm uFony raises funds from Chennai Angels for School Diary

School Diary is a user-friendly platform that caters to K12 schools, helping them engage students and conduct classes virtually without compromising on privacy

Strong metro rail order book, indigenisation initiatives bode well for BEML

New project wins and other segments will strengthen the already strong revenue visibility of three and a half years

Flipkart starts part payment method to reduce cancellations, order returns

Walmart-owned e-commerce firm says option would encourage pre-paid transactions and reduce cash on delivery

L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%

The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.

Airlines staring at Rs 1.1-trillion loss over 3 years: CRISIL Research

Airlines are unlikely to recoup this loss as growth is not expected to return to pre-pandemic levels of double-digit increase at least in the medium term, CRISIL Research said.