Page 3080 - Company News
Green shoots seen in June pharma sales as domestic market grows 2.4%
The turn around follows deep decline in sales in the preceding months; July sales likely to be flat
 "Green shoots seen in June pharma sales as domestic market grows 2.4%")
Parle, Amul, Clinic Plus shampoo top 3 FMCG brands in India: Report
Compiled annually, the ranking has been derived on the basis of consumer reach points, a metric that measures how many households are buying a brand and how often.
 "Parle, Amul, Clinic Plus shampoo top 3 FMCG brands in India: Report")
Sobha: Leverage, cash flows in coming quarters to be key triggers for stock
Debt reduction over past two quarters is also positive
 "Sobha: Leverage, cash flows in coming quarters to be key triggers for stock")
After dismal June quarter numbers, TCS gives high hopes to investors
Growth, margin recovery expected by 4th quarter but valuations high
 "After dismal June quarter numbers, TCS gives high hopes to investors")
Kubota Corp gets CCI nod for acquisition of 9% stake in Escorts
Under the deal, Escorts will allot about 1.23 crore equity shares through a preferential issue to Kubota Corp at Rs 850 per share
 "Kubota Corp gets CCI nod for acquisition of 9% stake in Escorts")
Not a two-group company, no links with Cyrus Investments: Tata Sons to SC
The apex court had on January 10 granted relief to Tata group by staying the NCLAT order of December 18 last year, by which Cyrus Mistry was restored as the executive chairman
 "Not a two-group company, no links with Cyrus Investments: Tata Sons to SC")
Adani Power appoints Anil Sardana as MD, Shailesh Sawa as CFO
Incumbent MD Rajesh Adani will become a non-executive director on the board of the company
 "Adani Power appoints Anil Sardana as MD, Shailesh Sawa as CFO")
Vodafone Idea repays Rs 2,850 crore to NCD holders on maturity
The payout was made to mutual fund schemes of Franklin Templeton, UTI and Nippon, which had exposure to debt paper of the troubled telecom company
 "Vodafone Idea repays Rs 2,850 crore to NCD holders on maturity")
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.
 "Zomato delivers two-fold jump in revenue at Rs 2,960 cr in FY20")
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
 "Covid-19 impact: Mercedes-Benz India H1 sales down 55% at 2,948 units")
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.
 "Reliance shares jump 2.95%; market-cap zooms Rs 34,195 cr to Rs 11.9 trn")
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
 "Indian institutions start Amazon Web Services' cloud curricula in colleges")
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
 "Ola to focus on electrification of small vehicles, says Bhavish Aggarwal")
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).
 "Dilip Buildcon wins project worth Rs 882 crore from NHAI in Gujarat")
MFs receive maturity payments from telecom major Voda Idea on Friday
Franklin schemes under wind-up received over Rs 1,200 crore
 "MFs receive maturity payments from telecom major Voda Idea on Friday")
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
 "Ola's Chief Sales and Marketing Officer, senior VP Sanjiv Saddy quit")
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
 "Bank of Maharashtra board okays raising Rs 3,000 cr via equity, bonds")
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
 "Uttarakhand High Court issues notice to Centre on Ashok Leyland's petition")
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
 "Auto component sector FY21 revenue may fall 14-18% over weak demand: ICRA")
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
 "Tata Motors Q1 global sales fall 64%; passenger vehicle sales dip 49%")