Page 157 - Companies
Amazon Seller Services' losses narrow to Rs 4,748.1 crore in 2020-21
Amazon Seller Services had recorded a net loss of Rs 5,849.2 crore, while its revenue from operations stood at Rs 10,847.6 crore in FY20
 "Amazon Seller Services' losses narrow to Rs 4,748.1 crore in 2020-21")
Spandana Sphoorty posts loss of Rs 58.8 crore for September quarter
It had posted a net profit of Rs 62.95 crore in Q2FY21
 "Spandana Sphoorty posts loss of Rs 58.8 crore for September quarter")
New-age companies make it to Amfi's large-cap list, shows data
This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price
 "New-age companies make it to Amfi's large-cap list, shows data")
Udaan raises $250 mn via convertible note and debt, plans IPO in 18 months
Udaan achieved a valuation of $3.1 bn during its last round of funding of $280 mn in January 2021 from existing and new investors
 "Udaan raises $250 mn via convertible note and debt, plans IPO in 18 months")
Stocks of a dozen firms may come under pressure as anchor lock-ins end
Heightened selling pressure in stocks where anchor contribution is high. Five of the 12 firms had allocated more than 10% of outstanding shares to anchor investors
 "Stocks of a dozen firms may come under pressure as anchor lock-ins end")
Coal India CMD gets additional charge of finance portfolio
The ministry of coal has entrusted the additional charge of director (finance) to Pramod Agrawal for six months
 "Coal India CMD gets additional charge of finance portfolio")
TCL Electronics clocks revenue of nearly $30 bn in first 3 quarters of 2021
Leading consumer electronics brand TCL Electronics has logged revenue of nearly USD 30 billion in the first three quarters of 2021, a growth of about 81 per cent, its Chairman DU Juan said. The China-based company, which is participating in CES, the annual consumer electronic show held at Las Vegas, has showcased products including its thinnest 8K MiniLED TV prototype, NXTWEAR AIR glasses, QLED TVs, newest mobile devices and smart home appliances. TCL will continuously innovate in the field of home appliances and mobile devices, she said while addressing a global press conference at CES. "I have some great news to share with you all. In the first three quarters of 2021, TCL's revenue hit nearly USD 30 billion. This is nearly 81 per cent growth year-on-year," she said. TCL has also ranked number two globally in the TV panel and LCD TV market share, she further said, adding that the company has focused its R&D capabilities on areas such as display technologies, clean energy, smart ..
 "TCL Electronics clocks revenue of nearly $30 bn in first 3 quarters of 2021")
BlackBerry ends service on its once-ubiquitous mobile devices
Blackberry lost favour with users with the advent of Apple's touchscreen iPhones
 "BlackBerry ends service on its once-ubiquitous mobile devices")
Starlink's India head Sanjay Bhargava quits for personal reasons
Earlier, Bhargava had said that the company's target is to have 200,000 terminals across the country by December 2022
 "Starlink's India head Sanjay Bhargava quits for personal reasons")
IL&FS Group sells stake in ONGC Tripura to GAIL for Rs 319 crore
The 26 per cent stake that IL&FS had in OTPC has been valuated at Rs 1,227 crore for this transaction
 "IL&FS Group sells stake in ONGC Tripura to GAIL for Rs 319 crore")
JSPL steel production rises 9% to 5.9 mn tonnes in April-Dec 2021
Jindal Steel and Power Limited (JSPL) said its steel production rose to 5.90 million tonnes during April-December 2021
 "JSPL steel production rises 9% to 5.9 mn tonnes in April-Dec 2021")
Net office space leasing up 2% in 2021; down 45% from 2019 levels: Report
The net absorption of office space stood at 25.66 million square feet in 2020 and record 47.8 million square feet in 2019
 "Net office space leasing up 2% in 2021; down 45% from 2019 levels: Report")
Vedanta's cast metal aluminium production at smelters jumps 16% in Q3FY22
The total production at Zinc-International for the third quarter of FY22 was 52,000 tonnes
 "Vedanta's cast metal aluminium production at smelters jumps 16% in Q3FY22")
Apple becomes first US company to hit $3 trillion market value
On the first day of trading in 2022, the company's shares hit a record of $182.88 in mid-day trading
 "Apple becomes first US company to hit $3 trillion market value")
Marico sees flat volumes in third quarter on weaker consumption
The company said the fast-moving consumer goods sector witnessed slowing consumption pattern
 "Marico sees flat volumes in third quarter on weaker consumption")
Stalemate continues even as Hindustan Unilever, distributors meet
Distributors likely to take a decision on Tuesday
 "Stalemate continues even as Hindustan Unilever, distributors meet")
Irdai to modify norms for remuneration of CEOs, directors of pvt insurers
Surety insurance pertains to a contract to perform the promise or discharge the liability of a third person in case of default
 "Irdai to modify norms for remuneration of CEOs, directors of pvt insurers")
Corporate bond issuances fell as Covid-19 pandemic hit companies
Analysts says it's a learning experience, market expected to do better in 2022
 "Corporate bond issuances fell as Covid-19 pandemic hit companies")
100X.VC plans to invest in 100 early-stage start-ups this year
Combined valuation of first 5 batches of portfolio companies at $211 million
 "100X.VC plans to invest in 100 early-stage start-ups this year")
B2B manufacturing start-up Groyyo raises $4.6 mn led by Alpha Wave
Founded in July 2021 by Subin Mitra, Pratik Tiwari and Ridam Upadhyay, Groyyo has already partnered over 200 manufacturers across categories
 "B2B manufacturing start-up Groyyo raises $4.6 mn led by Alpha Wave")