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Monday, July 13, 2020

RIL jumps 47 places in 3 mths to 51st most valued company in world with $170 bn m-cap

July 14, 2020 3:05:53 am

Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

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PepsiCo beats revenue estimates on snacking boost

July 13, 2020 5:08:34 pm

Sales of snacks under the Frito-Lay North America unit rose 7% in the second quarter.

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Qualcomm picks 0.15 % stake in Reliance Jio for Rs 730 crore

July 12, 2020 9:16:08 pm

"Qualcomm Ventures, the investment arm of Qualcomm Incorporated, an industry leader in wireless technologies, has committed to invest up to Rs 730 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16?lakh crore.

CSC, private contractors spar over BharatNet costs; contractors allege CSC exercising monopoly

July 12, 2020 5:12:55 am

Contractors allege Ministry of Electronics and Information Technology’s (MeitY) Common Service Centres (CSC) were exercising a monopoly by providing services at nonviable costs.

Oil & gas companies hedge bets with investments in green energy

July 12, 2020 12:51:23 am

By 2030, India has committed to reducing the emission intensity of economic activity by 33-35%, compared to its 2005 levels.

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NCLT Chandigarh approves Amtek Auto resolution, but experts say difficulties ahead

July 11, 2020 1:50:13 am

Deccan Value Investors’ new resolution plan also hinges on a lot of future receivables that Amtek Auto is likely to get from the government.

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Hyderabad-based company held guilty of GST profiteering on movie tickets

July 11, 2020 1:23:10 am

The Directorate General of Anti Profiteering investigated the case and based on its report, the NAA ruled that the company had raised the base price of the tickets.

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Flipkart starts displaying country of origin tag, but guidelines yet to be issued

July 11, 2020 1:19:55 am

The Flipkart executive pointed out that the company would wait till more guidelines are issued to expand the changes to other products once it is clear what other details, if any, are to be also displayed on the marketplace.

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India’s wealthiest tycoon Mukesh Ambani now richer than Warren Buffett

July 11, 2020 10:08:16 am

The chairman of Reliance Industries Ltd. is now worth $68.3 billion, surpassing Buffett’s $67.9 billion

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Cognizant India CMD Ramkumar Ramamoorthy to step down

July 10, 2020 12:27:07 pm

In a post on LinkedIn, Ramamoorthy wrote, "In the past few months, I felt a strong desire to double down on my abiding passion (also my first calling!) education, skilling and mentoring entrepreneurs. I am all set to explore that world again from July 17".

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Eight months on, SFIO yet to record statements of Wadhawan brothers

July 10, 2020 2:58:44 am

According to court records, the SFIO is yet to seek court's permission to either question or to take custody of the Wadhawan brothers, who are in judicial custody in connection with a money laundering case filed by the Enforcement Directorate (ED).

TCS bets on Business 4.0 to push digital revenue to over $5billion this year

TCS quarterly net profit falls nearly 14 pc to Rs 7,008 crore

July 9, 2020 6:53:39 pm

Revenue of the company rose marginally in the first quarter of the current fiscal to Rs 38,322 crore. In the year-ago period, the same stood at Rs 38,172 crore.

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Honda Cars India launches BS-VI compliant diesel version of Civic starting at Rs 20.75 lakh

July 9, 2020 5:25:42 pm

The diesel Civic comes in two trims, priced at Rs 20.75 lakh and Rs 22.35 lakh, respectively, Honda Cars India Ltd (HCIL) said in a statement.

Cox and Kings Dossier - Part 1: Audit uncovers siphoning of crores, fudging of records and bogus sales

Yes Bank: ED attaches Rs 2,200 crore worth of assets of Rana Kapoor and Wadhawans

July 9, 2020 6:49:47 pm

The agency has claimed the current market value of the assets, which includes a bungalow at Delhi’ posh Amrita Shergil Marg, to be in excess of Rs 2,800 crore.

Tata Steel sales fall 23% to 5.28 MT in Apr-Jun quarter; output down 28.49%

July 9, 2020 1:52:45 pm

In the just concluded quarter, TSL's India sales were at 2.92 MT, down from 3.96 MT in the year-ago period, while the production volume fell to 2.99 MT from 4.5 MT.

Yes Bank to raise up to Rs 15,000 crore through FPO; offer to open on Jul 15

July 9, 2020 11:15:06 am

The offer will open on July 15, 2020 and close on July 17, 2020.

Tata Motors brings in six-month EMI holiday scheme on select models

July 8, 2020 3:50:59 pm

Under the scheme, customers can now make zero down payment, avail a six-month EMI holiday (only interest needs to be serviced monthly) and access up to 100 per cent on-road funding for a loan tenure of five years, Tata Motors said in a statement.

Nestle India to focus on core categories to explore growth opportunities: CMD Suresh Narayanan

July 8, 2020 2:26:55 pm

Narayanan said the company is "looking at with a greater degree of confidence, both in the prepared dishes and cooking aids category and chocolates and confectionery category. The company expects to do well in the coffee products and finding growth opportunities".

Maruti Suzuki transported over 6.7 lakh cars through Indian Railways in six years

July 8, 2020 1:03:30 pm

The increased focus on using railways has helped the company offset nearly 3,000 MT of carbon dioxide emissions, Maruti Suzuki India (MSI) said in a statement.

Tata Power seeks shareholders’ nod to raise Rs 2,600 crore from Tata Sons

July 7, 2020 3:39:44 pm

Earlier this month, Tata Power board approved a proposal to raise Rs 2,600 crore via issuance of preferential shares to Tata Sons.