Page 3087 - Company News

We're optimistic despite volatile biz climate, consumer sentiment: Marico

The distribution network also improved progressively during the quarter with the government gradually easing the movement of food and grocery items of daily use, the company said

Reliance opens JioMeet app to public, to support 100 users per session

"As a host of the call/meeting, you can invite up to 100 participants including yourself," JioMeet website said

TikTok anticipates a loss of over $6 billion from India's ban: Report

Besides Tiktok, India banned on Monday 58 other apps with Chinese links, including the popular UC Browser

Office space leasing dips 36% in Jan-June across 7 top cities: Colliers

Majority of the deals expected to take place in the second quarter of 2020 were pushed to subsequent quarters, or are being reconsidered

ARPU key to telcos' sustainability, should rise by 13-30% annually: Icra

The industry ARPU will have to rise to Rs 200 in the medium-term for viable operations, and so further tariff hikes cannot be ruled out, Icra said

Bombardier wins rolling stock contract for Kanpur, Agra metro projects

The contract will cover the supply, testing and commissioning of 201 cars for 67 trains of 3 cars each alongwith the train control & signaling system for the Kanpur and Agra metro projects

Tata Steel's Netherlands plant reaches an agreement with workers on jobs

There are about 9,000 workers at Ijmuiden. FNV said an agreement has also been reached on the company structure.

Morgan Stanley, BofA lead i-banking in value terms with 50% market share

At the fifth slot is SBI Caps closing three deals worth $2.9 bn, followed by Nomura Holdings with $1.7 bn across two deals, and IDSBI Capital Markets with $1.3 bn involving two deals

Domestic air traffic to decline by 41-46% in FY21 due to Covid-19: Icra

For June, the domestic passenger traffic was 1.95 million, as against 11.2 million in June 2019, a de-growth of 83.7 per cent over the year-ago period

Apollo Hospitals mulls setting up Proton Cancer Centre in Mumbai and Delhi

The company has already set up one such facility at Chennai at an investment of around Rs 1,300 crore, and may be looking at roping investors to fund future projects

Bharti, UK govt win auction for satellite broadband operator OneWeb: Report

OneWeb filed for Chapter 11 bankruptcy at the end of March after its biggest investor SoftBank Group Corp pulled funding, with an auction held on Thursday

After 10 years at the helm, Rajan Mathews quits COAI; SP Kochar takes over

Mathews, who is a US citizen, will be heading to the US to join his family in New Jersey

Warehousing, industrial space demand to be hit due to Covid-19: Experts

Niranjan Hiranandani, co-founder and managing director of Hiranandani Group, said there are huge development potential in the warehousing, industrial parks and data centre projects

Motorcycle segment to outperform other auto verticals amid Covid-19: Fitch

'While we forecast that India's motorcycle sales will contract by 23.7 per cent year-on-year in 2020-21, we expect motorcycle production to contract by just 16 per cent year on year," it said

RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley

Reliance Industries announced today an investment of $252 million by Intel Capital for a 0.39 per cent stake in Jio Platforms

Amid global crisis, Moody's rates TCS, Infosys, RIL above the sovereign

Moody's Investors Service has rated Tata Consultancy Services, Infosys and Reliance Industries above the sovereign for their strong financials and significant global earnings

Hitachi-ABB deal to bring tech synergy across the board: India head

As on March 31, 2020, the firm had an order backlog of Rs 5,192 crore

iPhone maker Foxconn says customs clearing procedures in India resolved

Foxconn's customs clearance for cargo logistics in India has been resolved and all local regulatory procedures have been complied with, Foxconn said in a filing to Taipei stock exchange

OnePlus says committed to 'Make in India' amid anti-China sentiments

The company on Thursday launched OnePlus TV U Series and Y Series packed with smart features which will enable users to pair with up to five devices at the same time

Muthoot Finance to consider stock split, board to meet on July 18

Stock split is a process, in which the company divides its existing shares into multiple shares to boost the liquidity of the shares