Page 3102 - Company News

E-commerce start-up DealShare to hire over 5,000 people by the end of 2020

DealShare has tied up with about 400 manufacturers, of which around 300 are local producers

Finance Ministry invites bids from transaction advisors for LIC IPO

The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14

Difficult for Vodafone Idea to pay upfront AGR dues: Credit Suisse

In a report it said that after having paid Rs 6,900 crore of AGR dues, estimate is that Vodafone Idea would have Rs 6,000 crore of cash balance as of March 2020

Swift completes 15 years with sale of over 2.2 mn units, says Maruti

Launched in 2005, Swift heralded the start of the premium hatchback segment in India and has created a glorious legacy, MSI said in a statement

Glenmark Pharma gets USFDA nod for drug to treat multiple sclerosis

The capsules are used in the treatment of adult patients with relapsing forms of multiple sclerosis

RIL net debt free before schedule; to list retail, telecom biz within 5 yrs

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms.

Covid-19 crisis: $30-billion deal renewal headache for IT companies

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

HDFC Capital invests Rs 275 cr in mid-income housing project of Kalpataru

First investment by fund manager in real estate after lockdown

Cement's strength will be tested if demand, volumes fail to pick up

Firm realisation and lower costs bode well for profitability

Whirlpool of India pre-tax profit falls 26% in Q4; revenue dips marginally

The Gurugram-headquartered firm's PBT fell from Rs 161.4 crore to Rs 119 crore in the last quarter.

Moody's cuts rating on Tata Motors, changes outlook to negative

Rating action comes days after the Tata group flagship reported a quarterly pre-tax loss of Rs 9,313 cr compared to a profit before tax of Rs 1,265 cr a year ago

Reliance sells 2.32% stake in Jio to Saudi wealth fund PIF for Rs 11,367 cr

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion", the company said in a statement.

Mukesh Ambani nears deal to buy stake in some units of Future Group

An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month

AGR case: SC orders telcos to file balance sheets of past 10 years

In its affidavit, Bharti Airtel on Thursday told the court it had paid a substantial part of its AGR dues, seeking 20 years to pay the rest.

Unlock 1.0 impact: Sales take off as malls limp back to normalcy

Sales have picked up across the board for clothing, electronics and computers, and specific home accessories.

BP looks to set up global business service centre in Pune, hire 2,000

Centre is expected to start by next Jan; will assume operational ownership of third-party business processes and look to further extend its work with analytics and data science capabilities

Info Edge: Investors advised to await clarity on business recovery

Firm hurt by rising unemployment and lack of demand for real estate

UV Asset Reconstruction permitted to sell Aircel's spectrum rights

The order is on the resolution plan for Aircel and its subsidiaries Dishnet Wireless and Aircel Cellular.

Covid-19 crisis: Pilots, crew are opting for leave without pay for now

Sources at both IndiGo and Vistara say that some senior pilots and crew who have elderly parents at home had said that they would like to stay off the roster for now.

Pidilite: Lower oil price the only saving grace, challenging times ahead

Lower input costs, led by soft crude oil prices, lend some hope