Page 3650 - Company News

India needs to promote clusters of excellence to push manufacturing exports

India needs to promote clusters of excellence

Avantha Group Company CG bags $12.5 mn contract from Saudi wind farm

The company would set up high-voltage substations that will connect the Dumat Al Jandal wind farm to the Saudi Arabian electricity transmission grid, a statement said

Fault in a Dosa King's stars: How Saravana Bhavan founder died in disrepute

He built a flourishing business from nothing, but he left the world with his reputation seriously diminished

RIL has built foundation for next decade in FY19, says Mukesh Ambani

The agenda for approvals at the AGM includes the re-appointment of Nita Ambani as non-executive director, and P M S Prasad as whole-time director on the board

Dr Reddy's closes sale of US, select territory rights for neurology drugs

Under the agreement, Dr Reddy's sold its US and select territory rights for Zembrace Symtouch (sumatriptan injection) 3 mg and Tosymra (sumatriptan nasal spray) 10 mg

Flexi-jobs in e-commerce industry records 77% rise in 3 years: Report

Reforms like the GST and demonetisation have led to the maximum informal to formal shift across sectors in 2015-18 with e-commerce growing mo­st at 14 per cent

IndiGo to seek shareholder approval for induction of woman director

Former Pepsico CEO Indra Nooyi, former HP India head Neelam Dhawan said to have been approached

Jet's resolution professional invites expressions of interest by August 3

The airline's assets include 14 aircraft including 10 Boeing planes -- down from 124 before the grounding -- and 49 per cent stake in Jet Privilege and a few buildings

Big FMCG firms move to protect turf as competition from start-ups hots up

Firms move to protect turf as competition from unconventional rivals intensifies

Disney India goes all out to serve 'The Lion King' with local flavours

The studio has released the film in three Indian languages, each with a dedicated script, voice cast, and songs

Clueless on where to get funds, ShopClues may shut shop in a few months

The company does not have much cash in bank; 150 more employees likely to be laid off

Aditya Birla Payments Bank to shut shop only 17 months into operations

A payments bank can take deposits of up to Rs 1 lakh but cannot give loans or issue credit cards

HDFC Bank Q1 net up 21% at Rs 5,568 cr on higher non-interest revenue

The net interest income of the lender stood at Rs 13,294.3 crore in Q1FY20, up from Rs 10,813.6 crore in the year-ago quarter, registering a growth rate of 23%

Axis Bank to raise Rs 18,000 cr through equity shares, depository receipts

The Board of Directors of the bank approved the proposal in this regard in the meeting held Saturday, the bank said in a regulatory filing

Pratap Bhanu Mehta quits as Ashoka University VC with effect from Aug 1

In a letter to rest of the faculty, Mehta said the "timing" of his stepping down as VC "may occasion speculation", but described it as a personal decision

18% GST likely on back-end IT services as they don't qualify as export

The move will have consequences for service providers in back-end services and post-sales support, among others

Promoters may be told to simplify group structures, remove multiple layers

RBI likely to ask core investment firms to merge; Birla group takes the cue

Cement firms use waste in fuel mix as they look to rejig their sourcing

The company has adopted Geocycle as a co-processing technique for industrial and other wastes at its kilns

IndiGo to seek shareholders' approval for board expansion at upcoming AGM

The board's size will be expanded to 12 directors from the current six once the shareholders' approval is obtained

Steel pipe makers to gain as city gas distribution licenses favour welders

A Crisil report says CGD orders will need at least 10,000-15,000 km a year of pipes through fiscal 2029, entailing an opportunity of over Rs 5,000 cr a year over 10 years