Page 3096 - Company News

Realme to hire 7,500 in India by year-end, outlines IoT expansion plan

The company is also expanding its distribution channels to tier-IV and V towns

Shriram Transport to tap market after a decade, plans Rs 1,500 cr rights

Sources said issue may be launched July-end or first week of August; eight merchant bankers have been shortlisted

Bharti Infratel board may give nod to Indus Tower merger on Wednesday

The deal, which was signed in April 2018, is expected to come to fruition and once it is completed it will create one of world's biggest telecom tower companies.

Adani Power buys 49% stake in Odisha Power Generation Corp from US firm

Odisha holds the balance 51% in OPGC which operates the 1,740 Mw thermal power plant at Banharpalli in Jharsuguda

Apple switches to own chips for Mac computers, dials up privacy features

Apple Chief Executive Tim Cook said it marked the beginning of a major new era for a product line powered the company's rise in the 1980s

Facing heat from lenders, Anil Ambani says no desire to make personal gains

Ambani stepped down as director of RCom last November after the company was referred to insolvency tribunal

Govt's e-commerce portal asks sellers to specify country origin of products

Decision comes as India and China try and defuse their military standoff at the Ladakh border.

Committed to achieving self-reliance for the domestic industry: L&T

The L&T chief added, "We can drastically reduce our dependency on imported products including those from China by putting processes and systems in place"

DoT forms eight-member committee on BSNL's tender for 4G network

The move comes following BSNL's cancellation of its previous tender, after home-grown companies complained to the government that the terms of the tender were prepared in a way to keep them out

Murugappa Group posts 2.8% rise in Q4 FY20 profit after tax at Rs 2,946 cr

According to a statement from the group, the manufacturing entities of the group generated a free cash flow at 119 per cent of the profit after tax

Cipla to price Covid-19 drug remdesivir at less than Rs 5,000 per vial

Hyderbad-based drug firm Hetero on Sunday said that it will price its generic version of the drug in the range of Rs 5,000-6,000 per dose

RInfra to be debt-free in FY21; firm to monetise assets: Anil Ambani

Ambani further said RInfra has around Rs 60,000 crore of receivables stuck in regulatory and arbitration matters which are pending for 5-10 years

Wipro bags infra modernisation, digital transformation contract from E.ON

Marcus Schaper, chief digital and technology officer at E.ON SE, said cloud transformation is a key element of its digital transformation journey

CIL has no plans for bond issue despite soaring dues from power firms

The power sector accounts for close to 80 per cent of Coal India's total supplies

Jio Platforms' bull-case value seen at $110 bn by FY22: BofA Securities

Outlining a "bull-case" scenario, the BofA Securities report said it expects Jio's ARPU to stabilise to Rs 250 (and not Rs 300) in the long run

RCom loans: Anil Ambani claims no personal guarantee given to Chinese banks

In both the cases -- SBI and Chinese banks -- the borrowings have been done by a group company and are not personal, he said

Kia, Hyundai and LG Chem join hands to identify EV startups for investment

New Energy Nexus, the international startup support organisation, will manage and facilitate the competition -- 'EV & Battery Challenge (EVBC)' -- the companies said in a joint statement

CIL's coal allocation for non-power sector jumps to 6 MT in April-May

This growth comes amid Coal India looking to tap the non-power sector for consumption of its coal in the wake of a slump in demand for the dry fuel

MSMEs may see another round of restructuring as RBI moratorium eases

Small businesses remain under stress as India ends lockdown to contain coronavirus outbreak

Sanofi eyes Covid-19 vaccine approval in early 2021; partners Translate Bio

Many drugmakers are racing to come up with a safe and effective vaccine that can be produced at large scale