Page 3258 - Company News

Jeff Bezos teams up with Narayana Murthy to enter India's food delivery biz

Amazon's entry in the food delivery business comes at a time when Zomato and Swiggy have started cutting back on discounts

Ikea will open store in Navi Mumbai this summer, says MD Peter Betzel

Betzel also said the retailer had no plans to increase product prices following the government's recent move to raise import duties on items such as furniture and kitchenware.

Wall Street is beginning to see renewed vigour in Cognizant: CEO Humphries

'We have beaten Wall Street estimates for three quarters in a row now', said Brian Humphries

Pfizer warns of hit to financial results on continued coronavirus outbreak

The outbreak that began in Wuhan at the end of last year has killed over 2,700 in China, with over 78,000 confirmed cases of infection, and has now spread to several other countries.

Coronavirus: Facebook cancels conference, Microsoft withdraws from another

Microsoft now has plans to hold a digital-only event from March 16-18. Facebook has earlier pulled out of the Game Developers Conference set to be held in San Francisco.

DCC may discuss telcos' AGR issue on Friday; COAI presses for relief

The industry has made a string of demands including a moratorium, staggered mode of payment, lower licence fee and setting up of a tariff floor.

SKF India may face pressure on revenues and margins amid weak demand

Trading at 30x its FY21 earnings, there is limited upside

ONGC, HPCL buy 34.56% of bankers' stake in Petronet MHB for Rs 371 cr

A consortium of eight public sector banks held 34.56 per cent stake in Petronet MHB Ltd, where ONGC and HPCL held 32.72 per cent apiece

Govt sanctions Rs 1,850 cr to ensure better drug monitoring systems

A significant share of this money will go into upgrading the Sugam portal - the e-governance solution for CDSCO.

AGR: Voda Idea seeks hike in mobile data to Rs 35 per GB, calls to 6p a min

Current mobile internet prices are in the range of Rs 4-5 per GB

Temasek Holdings eyes controlling stake in cash-strapped Lakshmi Vilas Bank

May rope in its banking arm DBS Bank India to co-invest

Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai

Qure.ai will use the capital to drive geographical expansion, expand product portfolio in two more areas

Hindustan Oil to start commercial production from Mumbai block by December

The company is targeting a doubling of its net production to around 5,000 barrels of oil equivalent per day (boepd) by the second half of 2020

Shree Cement overtakes ACC to commission world's largest kiln in UAE

Against ACC's total installed capacity of 33.41 mtpa, Shree Cement's current installed capacity stands at 41.90 mtpa

Brookfield-RIL InvIT likely to raise more debt to attract investors

Tower Infrastructure Trust, set up by Brookfield and RIL, had filed its prospectus just a few days before the Budget was announced

Coronavirus: MS Windows OEM, Surface segments to miss revenue forecast

After Apple, Microsoft is the latest to vocalise impact to business over the spread of the disease

Online private labels may grow 1.6 times faster than e-commerce platforms

The report also says that online private labels have the potential to develop into self-sustaining brands that have a captive base beyond the e-commerce platform that has nurtured it.

Jet lenders seek fresh expressions of interest, extend deadline to March 9

Against this backdrop, the CoC extended the last date of submission of resolution plans to March 9. The earlier deadline for submitting the bids was February 18

Adani Wilmar aims to shake off edible oil tag with new Fortune brand logo

Despite operating now in 5 categories - edible oil, pulses, rice, wheat flour and sugar - over 90% consumers still associate Fortune brand with the cooking medium

Lodha group's UK arm launches $225-million bond issue to refinance debt

The bonds will be listed on Singapore exchanges. JP Morgan, UBS and CLSA are the merchant bankers for the issue