Page 3463 - Company News
Backed by Mindtree stake sale, Coffee Day Q1 profit zooms to Rs 1,567 cr
Financial services' revenue was at Rs 67.18 crore, down 47.71 per cent from Rs 128.48 crore in the year-ago period
 "Backed by Mindtree stake sale, Coffee Day Q1 profit zooms to Rs 1,567 cr")
HAL profit up 116% to Rs 621 cr in Sep quarter; revenue grows 32%
HAL shares with a face value of Rs 10 closed at Rs 802.25 on Wednesday on the BSE
 "HAL profit up 116% to Rs 621 cr in Sep quarter; revenue grows 32%")
RITES profit doubles to Rs 237 crore in Sep quarter on export growth
RITES is a leading player in transport consultancy and engineering sector in India
 "RITES profit doubles to Rs 237 crore in Sep quarter on export growth")
No relief for telcos: Govt wants all AGR dues paid within three months
The DoT has given option to telecom operators to clear all the dues on self-assessment basis
 "No relief for telcos: Govt wants all AGR dues paid within three months")
BHEL Q2 profit slumps 36% to Rs 119 cr as revenue from operations falters
The company spent Rs 4,316 crore for acquiring the materials consumed including erection and engineering in Q2 which is largely similar to the previous quarter spending of Rs 4,388 crore.
 "BHEL Q2 profit slumps 36% to Rs 119 cr as revenue from operations falters")
Soon, Google to offer current accounts in partnership with Citigroup
The details of the project, named Cache, were first reported by the Wall Street Journal and follow moves by tech heavyweights Apple Inc and Facebook Inc into the financial industry this year
 "Soon, Google to offer current accounts in partnership with Citigroup")
Vodafone's India JV with Idea in a precarious situation, says HSBC
"The JV in India is clearly in a precarious situation following the Supreme Court's AGR-related fine," HSBC said
 "Vodafone's India JV with Idea in a precarious situation, says HSBC")
RCom asset sale: Deadline for bids extended by 10 days on Jio's request
Airtel has placed conditional bid to buy spectrum of RCom while Bharti Infratel has submitted bids for mobile towers
 "RCom asset sale: Deadline for bids extended by 10 days on Jio's request")
GAIL's gas trading business disappoints but hopes of a pick-up persist
Strong volume growth in the natural gas trading and transmission segments to support the stock price
 "GAIL's gas trading business disappoints but hopes of a pick-up persist")
Ola Electric inducts former Hyundai and Tata Motors exec onto its board
B V R Subbu currently manages a boutique strategy-consulting firm, advising global PE funds. He is also on the boards of various automotive and tech firms
 "Ola Electric inducts former Hyundai and Tata Motors exec onto its board")
IT employees' forum says Cognizant has terminated one of its leader
Company cites performance issues and client feedback as reasons for the termination
 "IT employees' forum says Cognizant has terminated one of its leader")
Medplus plans to raise Rs 700 cr via IPO to increase outlet count to 3,100
I also want to offload some stake to take care of the promoter level debt. But the amount is mainly for growth, says promoter
 "Medplus plans to raise Rs 700 cr via IPO to increase outlet count to 3,100")
SC's AGR order: Airtel, Vodafone Idea likely to file review petition
A government Secretaries' panel is looking at providing relief to telcos through levy reductions in licence fee and the USO Fund
 "SC's AGR order: Airtel, Vodafone Idea likely to file review petition")
Test-prep firm Aakash inks strategic pact with Samsung for digital learning
The partnership would help students in getting experience about online test environment through devices that would be made available by Samsung, a company statement said
 "Test-prep firm Aakash inks strategic pact with Samsung for digital learning")
Vedanta's Odisha SEZ seeks govt approval to procure petroleum coke locally
Vedanta, an SEZ unit in Vedanta SEZ was granted letter of approval in April 2009 for manufacture of these products. The unit had commenced production in December 2015.
 "Vedanta's Odisha SEZ seeks govt approval to procure petroleum coke locally")
ABB India clocks PBT of Rs 113 crore in Q3 FY20 after reform measures
Q3 was also marked by orders for smart cities in Ranchi and the ancient city of Ujjain for smart power distribution equipment like compact substations and ring main units
 "ABB India clocks PBT of Rs 113 crore in Q3 FY20 after reform measures")
Apple may unveil 16-inch MacBook Pro, at a starting price of $2,399, today
Despite several revisions and tweaks, the butterfly keyboard has tarnished the reputation of Apple's notebook line up due to stuck keys, repeated keystrokes, and other problems
 "Apple may unveil 16-inch MacBook Pro, at a starting price of $2,399, today")
Non-alcoholic beverage startup Coolberg raises $3.5 mn in Series-A funding
Besides traditional trade channels like supermarkets and restaurants, Coolberg is available across 12,000 outlets, including some at offices, colleges and airports
 "Non-alcoholic beverage startup Coolberg raises $3.5 mn in Series-A funding")
Corporate environment hardest to treat: Neerja Birla on mental health
Why did Birla pick mental health as a focus area? National statistics drove the choice
 "Corporate environment hardest to treat: Neerja Birla on mental health")
TCS expands its long-term UK BFSI platform deal with Phoenix Group
The firm will also expand its presence in Scotland following this deal with an operations service hub in Edinburgh
 "TCS expands its long-term UK BFSI platform deal with Phoenix Group")