Page 3076 - Company News

Microsoft India appoints Navtez Bal as Exec Director for public sector unit

Bal takes over from Manish Prakash, who will transition to the role of Government Regional Business Lead, Microsoft Asia

Amid Daiichi-Ranbaxy row, Delhi HC restricts sale of 'SRL' trademark

The HC has been hearing Daiichi's petition seeking the implementation of Rs 3,500 cr Singapore tribunal arbitral award passed in its favour, against former promoters of Fortis Healthcare

Coronavirus drags Tata Steel production and sales volume in Q1FY21

June sees improvement in sales, utilisation up to 80 per cent

Tata Steel BSL crude steel production drops over 41% in June quarter

Tata Steel BSL said its crude steel production fell over 41% to 6,59,000 tonnes during June quarter 2020 as compared with 11,22,000 tonnes in corresponding period a year ago, hit by Covid-19 pandemic

Reliance Jio, Airtel preparing to cash in on online gaming boom in India

Online gaming, that was a $1.9 billion industry in India in 2019, can well be on track to grow at a 35 per cent compounded rate (CAGR) to hit $8.4 billion by 2024

YES Bank FPO to open on July 15, raise up to Rs 15,000 crore

Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering

How the flyer's fear of Covid may help airlines monetise the middle seat

Experts say with demand for social distancing high, the sale an empty seat as add-on can be a good revenue source

Bucking pandemic slowdown: June tractor production highest since Jan 2019

Timely arrival of monsoon, record Rabi crop as well as government support for agri initiatives helped tractor sales grow in an otherwise dull auto market

United Airlines sending layoff notices to nearly half of its US employees

In the clearest signal yet of how deeply the virus outbreak is hurting the airline industry, United Airlines will send layoff warnings to 36,000 employees, nearly half its US staff

Embassy REIT could see downsides as IT sector scales down presence

Partial stake sale by sponsor Blackstone has hit sentiment

Jubilant Life: New Covid drug, value unlocking potential to lead to upside

Life sciences, pharma segments offer investors value-unlocking opportunities

Recovery of Titan's jewellery business in Q1 fails to enthuse Street

Muted demand for high-value studded products a major concern

Rossari Biotech to launch Rs 500 cr initial public offering on Monday

Rossari has reduced the fresh issue component from Rs 150 crore to Rs 50 crore

UTI MF to side-pocket debt exposure to Zee Learn following downgrade

Rating revision factored in likelihood of default on payments due on Wednesday

Tata Sons in talks to acquire AirAsia India stake at a steep discount

The Tata group is likely to tie up with other financial investors to acquire its Malaysian partner's 49 per cent stake in AirAsia India, said banking sources.

Bombardier, Hitachi, Siemens in fray for railway signalling tender

Though Railtel's arm hasn't mentioned the size of the tender, it is expected to be worth Rs 1,000-1,500 crore.

ICICI Bank to raise up to Rs 15,000 cr to support business growth

The lender joins a slew of other private sector banks who have undertaken a similar exercise

IOC beats lockdown blues, resumes works on projects worth Rs 1.04 trn

Firm started completion of as many as 336 projects since easing of curbs on April 20, and 50 more since July first week

India Inc walking a tightrope on production first and employee safety

Unlike heavy engineering, auto and auto components, the labour requirement in fast-moving consumer goods (FMCG) companies is nevertheless less

How hyper-local consumption is driving change in brand-retail landscape

With the clamour for convenience and support for local brands on the rise, consumers, kirana stores, and brands are redrawing the terms of engagement