Companies

Biocon Q3 net profit falls 19% to Rs 186.6 crore

January 22, 2021 11:45:12 am

The company's revenue from operations rose to Rs 1,851 crore for the quarter under consideration, up 7.81 per cent, as against Rs 1,716.8 crore during the same period a year ago, Biocon said in a late night regulatory filing on Thursday.

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Zydus Cadila starts enrolment for late stage vaccine trial

January 22, 2021 4:35:09 am

The trials are expected to take place at five sites across four cities — Surat, Nashik, Jaipur and Ahmedabad, according to information from the Clinical Trials Registry of India.

Exchanges give go ahead to Future-Reliance Retail deal

January 22, 2021 4:23:54 am

Companies involved in the scheme are advised that any future disputes, complaints, regulatory actions or proceedings, or orders issued therein involving the draft scheme, if any, shall be brought to the notice of shareholders prior to the approval by the National Company Law Tribunal (NCLT).

Future Group-Reliance Retail deal gets SEBI nod

January 21, 2021 3:50:24 am

As part of the deal, the Future group was to sell its retail, wholesale, logistics and warehouse businesses to Reliance Retail.

Ola partners Siemens for EV facility

January 21, 2021 3:05:09 am

Under the partnership, Ola said it will have access to Siemens’ integrated Digital Twin design and manufacturing solutions to digitalise and validate product and production ahead of actual operations.

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Maruti Suzuki starts manufacturing and export of Jimny SUV from India

January 20, 2021 4:37:07 pm

Maruti Suzuki Jimny SUV: Maruti Suzuki India said that the first shipment of 184 units of Jimny left from Mundra port in Gujarat to Latin American countries such as Columbia and Peru.

JLL India CEO Ramesh Nair quits; to be succeeded by Radha Dhir

January 19, 2021 3:30:03 pm

Radha Dhir was previously Group President at Yes Bank, where she was Head of Multinational Corporate Banking. Prior to that, she was Managing Director, Head of Global Subsidiary Coverage Group, Deutsche Bank India.

$2.5 billion deal: Total to buy 20% in Adani Green Energy

January 19, 2021 3:54:24 am

As part of the current deal, Total will pick up a 50 per cent stake in a 2.35 GW portfolio of operating solar assets owned by AGEL and a 20 per cent stake in AGEL for a global investment of $2.5 billion, said an AGEL statement.

Tata Motors ties up with private lenders for commercial vehicles financing

January 18, 2021 5:18:02 pm

Tata Motors said its BS-VI offerings have garnered "an overwhelming response in the market, with the fleet owners appreciating the lowered total cost of ownership of the vehicles".

Three UK partners with TCS to accelerate 5G network rollout

January 18, 2021 1:17:23 pm

It selected TCS as its partner to manage the configuration of a new core next generation mobile network, and ensure it integrates correctly with the 5G radio access network, a TCS statement said.

Samsung’s Jay Y Lee receives 30-month prison term in bribery trial

January 18, 2021 12:58:34 pm

Lee, 52, was convicted of bribing an associate of former President Park Geun-hye and jailed for five years in 2017. He denied wrongdoing, the sentence was reduced and suspended on appeal, and he was released after serving a year.

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DHFL resolution: Creditors approve Piramal group bid

January 18, 2021 5:22:33 am

The “resolution plan submitted by Piramal Capital and Housing Finance Limited was duly approved by CoC by majority voting under section 30(4) of the Insolvency & Bankruptcy Code....as the successful resolution plan,” it said.

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Topsgrup promoter Rahul Nanda ‘siphoned’ off Rs186 crore: ED

January 18, 2021 5:30:50 am

Sources said the agency has allegedly found financial records that show deposits from Topsgrup to the personal accounts of Nanda in UK

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Franklin Templeton MF’s six shut schemes get Rupees 13,789 crore

January 18, 2021 5:32:36 am

Meanwhile, the market regulator Securities and Exchange Board of India and industry body Association of Mutual Funds in India, which had filed special leave petition in the case, are expected to express their opinion in the court.

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Placed on Notorious Markets List, Snapdeal calls USTR report ‘ill-informed, incorrect’

January 17, 2021 1:19:56 am

The USTR report said Snapdeal remains a concern for right holders who report that the volume of counterfeit products on this platform has risen over the past year.

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PVR reports Q3 net loss of Rs 49 crore

January 15, 2021 5:45:35 pm

PVR said settlements have been reached with landlords for 88 per cent of cinemas for complete or partial waiver or discounts for the lockdown period.

HCL Technologies Q3 net profit up 31% to Rs 3,982 crore, revises Q4 revenue growth forecast

January 15, 2021 10:15:48 am

HCL Tech Q3 results 2021: On a sequential basis, net profit was 26.7 per cent higher from Rs 3,142 crore, while topline was higher by 3.8 per cent from Rs 18,594 crore in September 2020 quarter.

Amazon makes entry, Byju’s eyes expansion: Ed-tech cos see boom amid pandemic

January 14, 2021 3:05:08 am

As a result of the growth witnessed due to the pandemic, India’s education segment saw a record inflow of over $2 billion during 2020.

Infosys Q3 net profit up 16.6% to Rs 5,197 crore

January 13, 2021 5:16:32 pm

Infosys Q3: The revenue grew 12.3 per cent to Rs 25,927 crore in the quarter under review from Rs 23,092 crore in the corresponding period last fiscal.

Wipro Q3 net profit up 20.8% to Rs 2,968 crore

January 13, 2021 5:22:14 pm

Wipro Q3: Wipro's revenue from operations grew nearly 1.3 per cent to Rs 15,670 crore from Rs 15,470.5 crore in the quarter ended December 2019.

Lockout at Toyota Kirloskar Motor plant withdrawn

January 13, 2021 3:47:17 am

The workers protest at the factory began on November 10 over a November 9 order reducing the takt time — the time taken to complete a process at the plant from 180 seconds to 150 seconds — and the suspension of a union member, according to the TKMEU.

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Tesla drives into India with Bengaluru unit

January 13, 2021 9:18:05 am

On January 8, the electric vehicle (EV) manufacturer set up its company ‘Tesla India Motors and Energy Private Limited’ in India with its registered office in the capital of Karnataka.

Amazon moves HC division Bench against observations in Future case

January 12, 2021 3:16:29 am

The case is likely to be listed for hearing this week, one of the sources said.

Triton set to enter Indian market with N4 electric sedan; price starts at Rs 35 lakh

January 11, 2021 5:05:34 pm

"The base model will be priced at Rs 35 lakh thus, showing the amount of market research that has been put by the company to cater the requirements of the Indian market," Triton Electric Vehicle said.

IRCTC announces air tour package from Delhi to Kerala: Details here

January 11, 2021 1:09:35 pm

IRCTC Delhi to Kerala tour package: The five-day package tour includes places such as Tea Museum and Plantation, Mettupetty Dam, Echo Point, Dutch Palace, apart from a boat ride from Marine drive.