Page 3075 - Company News

As Asian deals disappear, India becomes unlikely hotspot for M&A

Thanks to investments in Jio, India accounts for more than 12 per cent of announced deals in the Asia Pacific region so far this year, the highest ratio since at least 1998.

RIL, BP commence fuel retailing JV, to start re-branding petrol pumps

The new joint venture also looks to provide electric vehicle charging and other low carbon solutions over time

CMD Ramkumar Ramamoorthy puts in papers after a 23-year stint at Cognizant

Pradeep Shilige, Head of Global Delivery also resigned from the company. Accenture veteran Andy Stafford is replacing Shilige, said sources

SpiceJet offers coronavirus hospitalisation insurance to passengers

"Passengers can opt for the insurance cover ranging between Rs 50,000 and Rs 3,00,000 at a premium for as low as Rs 443 to Rs 1,564 a year (including GST)," the airline said.

Capgemini bucks trend, rolls out wage hikes, promotions amid Covid crisis

Performance review likely to see some retrenchments

58 Indian-origin executives employ over 3.6 mn across 11 countries: Survey

Indian leaders surveyed are as young as 37 and the median age is 54, according to a group called Indiaspora.

Panel recommends shifting LG Polymers plant hit by gas leak in Vizag

Probe says LG Polymers was negligent and warning systems were not working during leak on May 7.

Pharma industry committed to supplying quality drugs in India, world: IPA

IPA Secretary General Jain said, the Indian pharmaceutical industry has outshone itself as a consistent and reliable supplier of life-saving medicines to India and the world

Companies, e-comm firms need to show 'country of origin' on products: Govt

The provision of declaration of 'country of origin' has been in place since January 2018 for all manufacturers, importers, packers and e-commerce players

Moody's Investors Service revises outlook on JSW Steel to negative

Move reflects deterioration in credit profile due to challenges brought by the pandemic

ixigo reinstates salaries, grants discounted ESOPs to staff as compensation

The ESOPs will result in an additional 2.3 per cent of the company's overall shareholding being given to all 150 ixigems (ixigo employees)

Capex plan, capital budget for FY21 pegged at Rs 10,000 crore: Coal India

The capex of CIL, at Rs 844 crore during the first quarter of the current financial year, crossed the provisioned target of Rs 720 crore

Flipkart invests Rs 260 cr in Arvind Youth Brands; to target small towns

The companies said this investment builds on the long-standing engagement between the two organisations that have been working together for several years

Vodafone would have to spend billions to remove Huawei, says UK executive

Operator needed to have a "sensible time scale" of several years to implement any further Huawei restrictions

WhatsApp Business launches chat using QR Codes, expands Catalog feature

WhatsApp Business, which has seen a phenomenal rise in customers the past few months, now has more than 15 million users every month, compared to 1 million last year

Zara FY20 profit rises 45.5% to Rs 104 cr, revenue up 9.2% to Rs 1,570 cr

The company posted 9.24 per cent growth in sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal

Samsung to make Smart Watches locally, unveils 1st 'made in India' device

Samsung India launched the first 'Make in India Galaxy Watch Active2 4G (aluminium edition) for Rs 28,490

Whirlpool of India CFO Yatin Malhotra resigns; Aditya Jain to replace

Consumer durables maker Whirlpool of India Ltd on Thursday announced resignation of its Chief Financial Officer Yatin Malhotra and appointment of Aditya Jain as his replacement

BHEL commissions Solar PV Plant in Madhya Pradesh for Indian Railways

State-run engineering firm BHEL on Thursday said it has successfully commissioned a 1.7 MW solar photovoltaic (PV) plant at Bina in Madhya Pradesh for the Indian Railways

Flipkart invests Rs 260 cr in Arvind Fashions' arm, picks minority stake

Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary which will own the Flying Machine brand