Page 3068 - Company News

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

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

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

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

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

Investors must shun retail apparel stocks over negative operating leverage

To limit the impact on financials, companies have been looking at ways to cut costs by asking for a waiver, or lower rentals, for the duration of the lockdown

NCLAT upholds NCLT order to initiate insolvency proceedings against HDIL

"In view of our finding as aforesaid, no interference is called for against the impugned Order dated August 20, 2019. Therefore, Appeal fails," said the NCLAT bench

Hyundai likely to reach 90% of last year's sales levels by end of July

Consumer sentiment also improved with the reopening of the sales network and robust demand for various models, especially the recently launched new Creta

No stay on TRAI's instructions to Vodafone Idea on priority plan: TDSAT

TRAI has been asked to file its reply by Wednesday

Moody's confirms Tata Steel's ratings; changes outlook to negative

Agency to withdraw UK subsidiary's ratings

Hyundai Motor India expects July sales to bounce back to last year's level

For Creta, the company has already received over 45,000 bookings, with 30 per cent for automatics

Google in advanced talks to invest $4 bn in Reliance digital arm: Report

Investors, including Facebook and KKR & Co, have already poured in a combined $15.64 billion for just over 25% in Jio Platforms

Hyundai ramps SUV portfolio, launches new Tucson starting at Rs 22.3 lakh

Vehicle comes with a choice of BS-VI-compliant 152bhp 2.0-litre petrol and 185bhp 2.0-litre diesel engine options

For AirAsia's Tony Fernandes, business in India makes little sense now

With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013

Google offers not to use health data of Fitbit users in bid to win EU nod

Reuters reported last week that such a data pledge may likely help Google secure EU approval for its proposed $2.1 billion acquisition deal

Big brands tip the scales, grow faster and bigger than regional ones

National consumer brands outpace regional labels three years in a row, reports Kantar. Will the pandemic halt the trend?