Page 3074 - Company News

Zomato delivers two-fold jump in revenue at Rs 2,960 cr in FY20

The earnings before interest, taxes, depreciation, and amortization (EBITDA) in the last financial year stood at around Rs 2,200 crore, Zomato said in its performance report.

Covid-19 impact: Mercedes-Benz India H1 sales down 55% at 2,948 units

Mercedes-Benz India said it witnessed positive momentum in June 2020 sales, which showed first signs of a gradual recovery buoyed by a rejuvenated SUV portfolio

Reliance shares jump 2.95%; market-cap zooms Rs 34,195 cr to Rs 11.9 trn

The market heavyweight stock gained 2.95 per cent to close at Rs 1,878.50 on the BSE.

Indian institutions start Amazon Web Services' cloud curricula in colleges

The cloud computing content will be offered as part of the undergraduate degree and postgraduate diploma programmes starting in September 2020

Ola to focus on electrification of small vehicles, says Bhavish Aggarwal

The acquisition of Amsterdam-based electric scooter startup Etergo by Ola earlier this year, was a first step in that direction, Aggarwal said

Dilip Buildcon wins project worth Rs 882 crore from NHAI in Gujarat

Highways builder Dilip Buildcon on Friday said it has won an Rs 882-crore project in Gujarat from the National Highways Authority of India (NHAI).

MFs receive maturity payments from telecom major Voda Idea on Friday

Franklin schemes under wind-up received over Rs 1,200 crore

Ola's Chief Sales and Marketing Officer, senior VP Sanjiv Saddy quit

Srinivas had been working with Ola since July 2019. Saddy has worked with organisations like Flipkart, Tata Communications and Emaar MGF Land Ltd, as per his profile on LinkedIn

Bank of Maharashtra board okays raising Rs 3,000 cr via equity, bonds

The board also gave its approval to additional fundraising of Rs 1,000 crore through Basel-III-compliant tier-I and -II bonds or other such securities at an appropriate time, it added

Uttarakhand High Court issues notice to Centre on Ashok Leyland's petition

The high court directed the Union government to file a counter affidavit and rejoinder while listing the matter after five weeks for hearing

Auto component sector FY21 revenue may fall 14-18% over weak demand: ICRA

ICRA expects recovery of the auto components sector to be gradual and slow-paced, with the industry pinning hopes on revival in rural income to support growth in the festive season and thereafter

Tata Motors Q1 global sales fall 64%; passenger vehicle sales dip 49%

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q1FY21 were at 11,598 units, lower by 89 per cent over Q1FY20

Natco Pharma's Canadian unit, Celgene sign pact for cancer treatment drug

Lenalidomide drug is used to treat various types of cancers by slowing or stopping the growth of aberrant cells

Moody's confirms JSW Steel's Ba2 ratings with negative outlook due to Covid

Moody's expects JSW's leverage will increase to an estimated 6.4x by the end of fiscal 2021

Reliance to load Venezuelan oil cargo under fuel swap deal: Report

Washington has exempted some Venezuelan oil trade from sanctions, when transactions are in exchange for fuel and food or to repay debts rather than for cash

Setback for Tata, Adani, Essar: Gujarat scraps order to pay more for power

It will now sign supplemental PPAs with these units on a "case-by-case basis" over and above the existing PPAs.

Clear long-pending dues immediately: Air India pilot's body to Aviation Min

Pilots tell the national carrier that any pay cut has to be across the board and it has to match market standards.

Patanjali Ayurved-owned Ruchi Soya appoints Sanjeev Asthana as CEO

Asthana has done his post graduate in business management from Institute of Rural Management, Anand (IRMA) and International Trade from Indian Institute of Foreign Trade (IIFT), New Delhi

At 16.5 million, TikTok removed most number of videos from India: Report

TikTok removed over 49 million videos for content violations between July and December last year

BSNL, MTNL clinch Rs 15,000-cr sovereign guarantee; DEA sets stiff riders

For BSNL to be eligible for guarantee of Rs 8,500 crore, and MTNL to be eligible for guarantee of Rs 6,500 crore, the state-run telcos will have to pay a 1 per cent fee each.