Page 5116 - Company News
Infosys amends Articles of Association to go for share buyback
Shareholder approval pending; IT firm has a cash pile of Rs 35,697 cr
 "Infosys amends Articles of Association to go for share buyback")
Cadila, Cipla step up investments for improved drug quality
Includes regular visits, interactions with workers on shop floor by members of senior management
 "Cadila, Cipla step up investments for improved drug quality")
Piramal Enterprises, CDPQ arm tie-up to give equity to realtors
The investment focus shall include the Mumbai, Delhi (NCR), Bangalore, Pune and Chennai
MobiKwik to invest Rs 300 cr to expand user base
Company is in talks with multiple investors for its next round of funding
 "MobiKwik to invest Rs 300 cr to expand user base")
ONGC board okays GSPC deal
Backed by state guarantee, to get $6-6.9 bn for K-G gas; development of Ratna fields also approved
 "ONGC board okays GSPC deal")
Tolexo may lay off 300 people
The company is apparently shutting down its online operations
 "Tolexo may lay off 300 people")
First Jio, now Telenor deal: Good time to exit telecom stocks, say analysts
Airtel soared 11% to its 52-week high of Rs 397, after it announced plans of buying Telenor (India)
 "First Jio, now Telenor deal: Good time to exit telecom stocks, say analysts")
TCS among top three IT services brands globally
Cognizant jumps 13 ranks to become 4th most valued
 "TCS among top three IT services brands globally")
Cipla to enter Brazil, China with emerging market focus
Furthering a strategy of expanding in India, South Africa and US markets
 "Cipla to enter Brazil, China with emerging market focus")
M&A deals worth $56.2 bn in 2016, says EY report
The surge in deal value is largely due to the $12.9 bn Essar-Rosneft deal
 "M&A deals worth $56.2 bn in 2016, says EY report")
Vodafone's tax woes key risk for Idea merger: Experts
The total tax demand stands at Rs 14,300 crore, which includes interest and penalty
 "Vodafone's tax woes key risk for Idea merger: Experts")
Taxi hailing drivers get political pushers
Political parties are interested in backing their demands as they eye support from this vote bank
 "Taxi hailing drivers get political pushers")
Hindalco to invest Rs 700 crore on de-bottlenecking Utkal alumina refinery
The de-bottlenecking is expected to be done in 18 months
 "Hindalco to invest Rs 700 crore on de-bottlenecking Utkal alumina refinery")
Sembcorp readies second power plant in AP
The first unit was completed in the fourth quarter of 2016
 "Sembcorp readies second power plant in AP")
ONGC to invest Rs 7,327 cr in four projects
Includes, Ratna field which it had got back from Essar Oil
 "ONGC to invest Rs 7,327 cr in four projects")
Numaligarh Refinery inks agreement to implement its bio-refinery project
The project has been planned keeping in view the future demand of bio-fuel in the region
 "Numaligarh Refinery inks agreement to implement its bio-refinery project")
Govt to raise Rs 1,670 cr from Bharat Electronics share sale
The share offer was oversubscribed by 260% with participation from retail, institutional investors
 "Govt to raise Rs 1,670 cr from Bharat Electronics share sale")
Rubber planters oppose tyre industry demand to cut tariff
Tyre manufacturers, the major consumer of natural rubber, are asking for a reduction in the duty
 "Rubber planters oppose tyre industry demand to cut tariff")
Ola, Uber drivers call off strike as companies promise to fulfil demands
Development comes as Delhi govt called a meeting between drivers and representatives of Uber and Ola
 "Ola, Uber drivers call off strike as companies promise to fulfil demands")
Five associate banks to merge with SBI from April 1
SBI is expected to become a lender of global proportions with an asset base of over $555 billion
 "Five associate banks to merge with SBI from April 1")