Page 2538 - Company News

Urban poor remain a worry for FMCG companies; unlock brings hope

According to experts, half of urban sal­es or 30 per cent of total sales comes fr­om the urban poor, especially for food firms.

Pharma majors join hands for Molnupiravir trial for Covid-19 treatment

Leading drug makers have decided to collaborate for clinical trial of the investigational oral antiviral drug Molnupiravir

Apollo hospitals to hold nationwide Covid vaccination drive on Wednesday

A leading hospital group on Tuesday announced that it will conduct a pan-India Covid vaccination drive on June 30 spanning 50 cities, to boost the national inoculation exercise.

Five drugmakers to jointly start local trial of Merck & Co's Covid-19 drug

Five Indian generic drugmakers said on Tuesday they would jointly conduct a clinical trial in India for Merck & Co's experimental anti-viral drug to treat mild COVID-19 in non-hospitalised patients.

IDBI Intech eyes fintech firms for takeover as it expands in Europe, Asia

Firm currently has 20 fintechs in its fold; ties up with Lemon Advisors to expand overseas

Apr-June was toughest quarter to manage; witnessing recovery now: TCPL CEO

In June, TCPL has witnessed a comeback from the second half, after restrictions were eased and expect better margin and topline (revenue) growth going forward.

Salesforce Cloud helping deliver vaccines to billions the world over: exec

Company is working with Gavi, The Vaccine Alliance, and customising Vaccine Cloud to meet needs of its customers which include governments, healthcare providers and businesses

IndiGo's reduces emissions by 5% via ground support equipment automation

Airline major IndiGo has reduced emissions by about 5 per cent via its ground support equipment automation.

Data analytics firm Ugam to hire over 1,300 professionals this year

In 2019, Ugam, which helps enterprises make superior decisions and serving both business-to-business and business-to-consumer enterprises, was taken over by US-based Merkle

Bharti to invest Rs 3,700 cr into OneWeb; to become largest shareholder

The transaction is expected to be completed in the second half of 2021

UK-based Tide forays into India, commits Rs 1,000-crore investment

Tide is a British company focused on providing financial and administrative solutions to small businesses

New Amazon service delivers prime customers' weekly orders at one go

Members across India can also choose date of delivery, in a move that will entail fewer boxes and fewer trips to the customer location

Axis Bank strikes cloud computing deal with AWS for digital transformation

India's third-largest private sector bank to migrate 70% of its on-premises data centre infra in next 24 months to further reduce cost, improve agility, improve customer experience

Mumbai's Chalet hotels scouting for distressed assets as Covid curbs ease

'We've had a rough five quarters now since March of 2020,' says company's CEO Sanjay Sethi.

IDBI Intech ropes in UK-based Lemon Advisors for overseas foray

This association will help IDBI Intech access global markets where it aims to leverage the significant reach that Lemon Advisors brings on board, across the geographies in Southeast Asia, Japan, Austr

QuEST Global acquires Synapse Design to boost semiconductor business

This acquisition will enable QuEST's vision to grow its semiconductor business, add at least 2,000 engineers in the next four years

ONGC's improved earnings outlook for 12-18 months to support deleveraging

The rating agency has revised Brent crude oil price expectations for the rest of 2021 to $65 per barrel from $60 per barrel earlier

Rs 50,000-cr loan guarantee for health not enough in non-metros: Industry

Finance Minister Nirmala Sithar­aman said the government would provide 75 per cent coverage for new projects and 50 per cent for those in expansion mode in the non-metros

Suraksha group may have to cross legal hurdles to take control of Jaypee

With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr

Consumer has become an omni-channel shopper: GCPL India's Sunil Kataria

Sunil Kataria, CEO (India & SAARC) of GCPL, explains the challenges arising out of the second wave, in an interview to Viveat Susan Pinto