Page 3652 - Company News

OYO's Ritesh Agarwal to buy back shares worth $2 bn from early investors

Agarwal's stake in the company will rise from the current 9-10% to around 30%

CAG pulls up Nalco for less than optimal performance, loss of earning

Production loss, extra expenditure estimated at over Rs 2000 crore during 2012-13 to 2016-17

Bharti Airtel could raise another $3.5 billion from stake sale: Moody's

Coupled with the recent rights issue and the initial public offering of its Africa business, Moody's felt this would help bring its debt-to-Ebitda, or leverage, ratio below 3.5 times by March 2020

Mindtree founders have no plan to stay back, says CEO Rostow Ravanan

On Wednesday, the company had announced the appointment of L&T Group's Chairman A M Naik as the non-executive chairman

Tata Steel raising $ 600 million for domestic ops capex, refinancing debt

Tata Steel executive director and CFO Koushik Chatterjee said the company has set a target of reducing gross debt by $1 billion in FY20

Dabur bucks slowdown trend; Q1 profit rises 10.3% to Rs 363 crore

Consolidated revenue grew 9.3 per cent for the quarter to Rs 2,273 crore, up from Rs 2,081 crore a year ago

Jio wireless market share surpasses Airtel, Voda still leads race

Airtel inches forward on broadband base

Dabur India appoints Amit Burman as chairman in top management rejig

Cousin Mohit becomes vice-chairman, nephew Aditya inducted into board

Brookfield to invest Rs 25,215 cr in Reliance's telecom tower arm

This is the second investment this year that Brookfield is making in a venture controlled by Reliance chairman Mukesh Ambani.

No differences among Indigo promoters on growth strategy: CEO Ronojoy Dutta

During a conference call to discuss the June quarter financial results, Dutta said the board meeting would continue on Saturday

Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake

The capital received through forthcoming primary round will help boost OYO's expansion plan in India, US, China, UK, EU, and Southeast Asia markets

Ford recalls 22,690 units of Endeavour over faulty airbag inflators

The company further said it is carrying out an inspection of battery monitoring system (BMS) wiring harnesses installation for all vehicles

UP industrial output grows 3.8% in April due to robust growth in mining

For India, manufacturing and mining had in fact pulled down national industrial growth to 3.1% in May compared to 4.3% in April

Zydus Pharma gets USFDA nod to market attention-deficit hyperactivity drug

The final approval from the United States food and drug administration (USFDA) is to market Dextroamphetamine Saccharate

Dr Reddy's Laboratories unveils generic version of Allegra-D in US

Allegra-D 12 HR is a trademark of Aventisub II Inc

Near-miss between IndiGo and SpiceJet at IGI due to ATC lapse: Govt

According to sources, the SpiceJet plane was awaiting ATC clearance for take off for over 90 minutes

Reliance Jio overtakes Bharti Airtel to become India's 2nd-largest operator

Jio has disrupted the telecom industry in the country since it was launched in 2016

Shapoorji Pallonji Group gears up for Sterling & Wilson Solar IPO

The $7-billion conglomerate, best-known for real estate and infrastructure, has growing global solar aspirations

L&T's power business bags major orders for 3 Damodar Valley Corp plants

L&T said India's power ministry has set December 2022 as the deadline for existing thermal power plants to comply with revised emission norms

Larsen & Toubro Infotech Q1 net profit dips 6.1%, revenue up 15.3%

Dollar revenue stood at $356.5 million at 12.9 per cent constant currency growth over the year