Page 3092 - Company News

Carlyle Group to acquire 25% stake in Airtel's Data Centre business

The transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India

Vodafone Idea loss grows to Rs 11,742 cr, says survival depends on SC order

Telecom company is estimated to have AGR-related dues of more than Rs 46,000 crore, posted a pre-tax loss of Rs 11,742 crore in fourth quarter FY 2020.

Xiaomi's fan-based business model hit hard as India bans Chinese apps

Xiaomi has banked on its fans in Mi Community and word-of-mouth publicity to grow in India. Mi Community is now banned.

Will ban on TikTok be the final straw that breaks its controversial run?

The video-sharing app is no stranger to controversy, and experts say that the ban is more likely a negotiation tactic between governments and it may do well to just wait and watch

Relief for pharma firms as govt starts clearing API imports from China

This comes after a week of economic disruption caused by introducing stringent scrutiny, resulting in shipments originating in China getting held up at Indian ports.

Vodafone Idea's pre-tax loss rises 73% to Rs 11,742 crore in March quarter

The telecom firm had posted a pre-tax loss of Rs 6,758 crore in the same quarter last year.

Tata Steel: Better-than-expected performance lifts street sentiments

Weak steel demand, high debt are among concerns that weigh on forward outlook

ONGC posts loss of Rs 10,529 cr in Q4 over falling crude prices, lockdown

The company's revenue from operations declined by 7 per cent to Rs 104,489 crore for the period under review, compared to Rs 112,539 crore in Q4FY19.

Spain's Solarpack Corp quotes lowest tariff of Rs 2.36/unit for solar power

The tender floated by Solar Energy Corporation of India (SECI) is pan-India and the developer can set up a project anywhere in the country.

Covid-19 impact: Airbus to cut 15,000 jobs worldwide, mostly in Europe

Air traffic not expected to recover to pre-Covid levels before 2023 and potentially as late as 2025

Future group eyes insurance biz sale to SBI General, Premji Invest

The Future group holds 51 per cent in the general insurance business, while the rest is owned by Italy's Generali group.

Concor rally to lose steam over volume concerns, intensifying competition

Freight corridor delay, licence fee hike among headwinds for the stock

Street not convinced with ITC post decent Q4, cigarette biz faces headwinds

FMCG, cigarette biz provide cheer, but all eyes on sustenance

Indian IT services firms relying less on visas as approval rates nosedive

According to the US Citizenship and Immigration Services data, the share of Indian companies among the top 10 visa recipients has dropped from 51 per cent to 24 per cent during the 2016-19 period.

Used auto startup Cars24 develops vehicle matching app for dealers

Start-up looking to expand tool to chat box, payment option

Covid-19 crisis: HUL hints at margin pressures, higher operating costs

"Distribution costs have significantly increased and there will be short-term pressure on margins," Sanjiv Mehta, chairman and managing director said.

Microsoft to set up north India campus in Noida, to have capacity of 4,000

With a capacity of 4,000 people, Microsoft's Noida campus will be the company's third campus after Hyderabad and Bengaluru facilities, which have a capacity of 5,000 and 2,000 professionals

Jindal Steel sells entire stake in Oman plant for over $1 billion

The divestment is in line with JSPL's vision and commitment to continuously bring down its debt and deleverage its balance sheet, the company said in a release

Essar group places bid for Brazil's Petrobras refinery in Bahia: Report

In a recent note to clients, analysts from Bradesco BBI valued the RLAM refinery, based in the northeastern Brazilian state of Bahia, at $2.5 billion

Power producers need a new paradigm amid low, unpredictable demand

PPAs are proving inflexible in a regime of falling demand and the rise of renewable power