Page 3508 - Company News

Auditor regulator NFRA to look into alleged irregularities at Infosys

On Monday, Infosys informed stock exchanges about anonymous whistleblower complaints alleging certain unethical practices

CIL to invest estimated Rs 17,500 crore in mechanised coal transportation

Piped conveyor belt transportation of coal is a covered system for movement of coal and thus promotes environment safety and prevents possible coal pilferage

Cadila Healthcare receives US FDA approval for schizophrenia drug

The product will be manufactured at Liva Pharma's manufacturing facility at Vadodara

Vedanta's alumina cost hits two-year low on availability of coal, bauxite

Vedanta is currently working on the ramp-up of the Lanjigarh refinery

Blow to Bharti Airtel, Vodafone Idea as SC rules out AGR definition change

The two telecom providers will now have to pay Rs 50,000 crore to the Department of Telecommunications

Despite economic gloom, e-tailers set to celebrate a Rs 35,000-cr Diwali

The shift in spending from offline to online and a slow first half has helped push sales this October

Mahindra's educational arm MEC to set up laboratory to work on EV solutions

Clean mobility has been given high priority by the government and MEC is working towards finding solutions

Festive season fails to lift air travel demand despite flash sales

Aviation experts blamed low business activity, muted consumer sentiment and closure of Jet Airways as main reasons for the lower number of passengers flying

Hyundai Motor misses Q3 profit estimates as prolonged quality woes weigh

Hyundai Motor's Q3 net profit rose 59% to $364.75 million, compared with the average 684 billion profit estimate of analysts based on I/B/E/S Refinitiv data.

Sales of anti-malarial drugs jump 76% on the back of long rainy season

The long, rainy season and the ensuing rise in antibiotic (anti-infective category) sales boosted the overall growth of the domestic pharma industry during the September quarter

Strides Pharma resumes sales of antacid drug Ranitidine in Australia

Strides predominantly sells Ranitidine tablets in the US markets

Market forces easing price war among Indian telecom companies: Trai chief

In one signing of easing competition, Reliance Jio Infocomm Ltd. earlier this month said it was imposing a charge on voice calls that were formerly free

Now, US SEC launches probe into whistleblower charges against Infosys

The company said India's market regulator, the Securities and Exchange Board of India (SEBI), has also asked it to submit information concerning the complaints

Only minor Diwali revival for auto sector, expect no fireworks, say experts

At present, the auto industry is facing a severe demand slowdown on account of high GST rates, farm distress, stagnant wages and liquidity constraints

Sebi initiates probe against Infosys over whistleblower charges

The matter could get further complicated for Infosys as the company is also listed on the Nasdaq Stock Exchange in the US

Maruti Suzuki Q2 preview: Poor quarter in the offing, profit may halve

During the quarter under review, Maruti Suzuki outperformed the benchmark indices at the bourses

India Inc Q2 earnings start on positive note, tax rate cut boosts profit

Pre-tax profit is up 20.7%, net up 15%; top-line growth lowest in 3 years

Datsun brand set to go as Nissan rolls back Ghosn's expansionist strategy

Production closures set to hit emerging markets hard

OnePlus dials into Bharat, says getting huge response from cities and towns

The firm is looking at going beyond the metro cities by scaling up its offline stores to over 5,000 and setting up more than 100 'experience centres' in the top 50 cities by next year

Indian airlines to slip into loss in Q2 on jet fuel cost, weakening rupee

While fuel cost is the single largest cost head for airlines, a weaker rupee means higher maintenance outgo, increased lease and interest costs on foreign currency loans