BUSINESS
Government again tries to sell Pawan Hans, invites EoIs
Around 2,84,316 equity shares are held by the President of India, through Ministry of Civil Aviation, aggregating to 51 per cent of the total paid-up share capital, and 2,73,166 equity shares are held by ONGC, aggregating to 49 per cent of the total paid-up share capital.
TVS Srichakra to invest Rs 1,000 cr in tyre capacity expansion
In a statement the company that rolls out tyres for two, three-wheelers and off-highway vehicles, said the capital expenditure would result in increasing the two and three-wheeler tyres capacity by 25 to 30 per cent and double the off-highway tyre capacity.
Uber finally sells its distraught self-driving car business
Selling ATG to Aurora Innovations, the deal marks the end of Uber's dream of replacing its cabs with robot drivers. In addition to acquiring ATG, Aurora also announced a strategic partnership with Uber that connects its technology to the world's leading ride-hailing platform.
L&T wins multiple orders for construction, mining equipment business
These orders are for the supply of 66 units of Komatsu 100 Ton and 60 Ton Dump Trucks, 15 units of Komatsu Wheel Loaders, 7 units of Komatsu Hydraulic Excavators, and allied equipment.
Jalan-Kalrock consortium plans to operationalise Jet by summer 2021
As per the resolution plan, Jet Airways intends to operate all of its historic domestic slots in India and restart international operations. Consortium's vision is to regain the lost ground, set new benchmarks for the airline industry with the tag of being the best corporate full-service airline operating on domestic and international routes.
Net outflows from equity MFs at over Rs 12,900 cr in November
The net outflow stood at Rs 2,724.95 crore in October and Rs 734.40 crore in September.
Reliance Jio will pioneer India’s ‘5G Revolution’: Mukesh Ambani
While addressing the inaugural session of India Mobile Congress (IMC), Ambani said that there was a requirement of appropriate policy measures for the early rollout of the fifth-generation (5G) connectivity technology.
Small businesses still suffer closures, reduced sales: Facebook
While some small and medium businesses (SMBs) have seen a gradual improvement, the pace of economic recovery has slowed significantly in recent months.
Domestic poultry industry likely to post healthy FY21 profits: ICRA
The rating agency said that domestic poultry industry bounced back smartly since June 2020 after grappling with a tough period in the last two months of FY20, amid rumours of chicken consumption's linkage to Covid-19 leading to a sharp decline in broiler demand and realisations.
L&T wins multiple orders for construction, mining equipment business
These orders are for the supply of 66 units of Komatsu 100 Ton and 60 Ton Dump Trucks, 15 units of Komatsu Wheel Loaders, 7 units of Komatsu Hydraulic Excavators and allied equipment.
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