Page 3298 - Company News

Ride-hailing firm Ola to start in London on Feb 10 with over 20,000 drivers

Will be fully operational from day one, firm aims to offer a differentiated experience with features such as 24/7 helplines for drivers and customers and in-app emergency button

Little Caesars Pizza enters India with two stores, eyes 10 more by 2020-end

While it has launched with two veg-only pizza restaurants in Ahmedabad as part of its India foray, it plans to adapt its menu to the local market which may involve non-veg stores outside of Gujarat

Vedanta Q3 PBT at Rs 3,806 cr, up 9.4% on lower costs, exceptional gain

Sales down 10% to Rs 21,126 cr mainly due to lower commodity prices, muted volumes in zinc, oil & gas and copper

Mining sector's GDP share sees decline due to disruptions in Goa, Karnataka

Closure of mines and disruptions due to changes in legislations has thrown the sector out of gear, curtailing production and endangering jobs

HUL reshuffles top management team

Narasimhan would replace Priya Nair, currently Executive Director - Home Care who moved as Executive Director - Beauty and Personal Care

Space sector can hit $50 bn by 2024, needs policy support: Antrix-PwC study

Calls for unhindered access to capital for start-ups, govt support in the form of buyback arrangements or schemes to incentivise investors

SpiceJet dismisses data breach report of 1.2 million passengers

The airline also said that there was no security lapse in its systems.

HUL reports 12.95% rise in consolidated net profit at Rs 1,631 cr

The company had posted a net profit of Rs 1,444 crore in the October-December period of the previous fiscal

Vedanta profit rises 49% to Rs 2,348 cr in Q3 on the back of lower expenses

In a statement, the company said "attributable PAT (was) at Rs 2,348 crore, up 49 per cent y-o-y (year-on-year)"

Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs

A sudden payment default without any prior warning by Infrastructure Leasing and Financial Services (IL&FS) in August 2018 had triggered panic and caused liquidity crisis in the NBFC sector

Companies' Sensex tenure pared by 80% post liberalisation: Economic Survey

Higher dynamism has helped the emergence of new firms which have challenged the old order, survey notes

Facebook to remove Coronavirus fake news after WHO flags global emergency

The move is unusually aggressive for Facebook, which generally limits the distribution of content containing health misinformation through restrictions on search results and advertising

Royal Enfield to stop selling 500cc bikes in India, exports to continue

Royal Enfield Classic, Bullet and Thunderbird 500cc motorcycles will be available for retail in India only till March 31

Vedanta implements resolution plan to bag Ferro Alloys via NCLT route

Company's foray into ferro alloy business to strengthen its steel business portfolio

Arvind Krishna named IBM CEO as company fights for cloud business spot

IBM is a late entrant to the business of cloud services, a segment now dominated by Amazon and Microsoft.

New IBM CEO Arvind Krishna described as 'brilliant, right person to lead'

Krishna said IBM has such talented people and technology that we can bring together to help our clients solve their toughest problems

Vedanta implements resolution plan for acquisition of Ferro Alloys

The acquisition will complement Vedanta's existing steel business, as the integration of ferro manufacturing capabilities has the potential to generate significant efficiencies

IOC plans $1.94 bn investment to raise Bihar refinery capacity by 50%

Refined fuel consumption - a proxy for oil demand - in the December quarter rose 2.6 per cent from a year earlier

Plastic fantastic: Visa, Mastercard could be the next $1 trillion companies

Stock prices of both Visa and Mastercard have gained roughly 50 per cent in the past year.

Neemuchwala's Wipro stint marked by contract wins, strategic direction

Neemuchwala, who had been given the additional responsibility of MD in July last year, has cited 'family commitments' as the reason behind his departure from the Azim Premji-promoted firm