Page 2614 - Company News

Yamaha Motor to suspend production at two Indian plants due to Covid-19

This comes amid rising Covid infections across the country

JSW Hydro Energy raises $707 million in debut 10-year green bond issue

Offer generates good response, closes at much lower rate than initially guided

Near-resolution assets may not go to bad bank amid Covid-19 pandemic

ARC expected to be functional next month

Eli Lilly signs licensing pact with Cipla, Sun, Lupin for Covid-19 drug

Olumiant, or Baricitinib, is an oral drug developed by US biopharmaceutical major, Incyte Corporation, and licensed to Eli Lilly

DoT seeks 'frontline' tag for telco field force amid Covid-19 pandemic

This has been done on the suggestion of the Cellular Operators Association of India

Bharat Biotech commences direct supply of 'Covaxin' to 14 states

The company is now getting requests from other state governments as well, and will be processing them for distribution based on availability of the vaccine

Rising global energy prices likely to turn the heat on Indian markets

Many will bear the brunt, except crude & gas producers and renewable firms

Demand worries, higher input costs may derail Kansai Nerolac's Q1 show

While the first three weeks of April saw robust demand in what is considered a seasonally strong period, lockdown in multiple states has seen offtake collapse

Govt names new chairman of privatisation-bound Bharat Petroleum Corp

The stake sale was to conclude with 2020-21 fiscal, but the outbreak of pandemic has delayed the privatisation.

Sitapati steps down as HUL's executive director, Sundaram to take over

Srinandan Sundaram, currently executive director at HUL, will succeed Sitapati effective July 1

Mumbai Angels Network sees 36 exits, eyes 50 investments this year

Purplle has raised $45 million from Sequoia Cap­ital India and existing investors Verl­in­vest, Blume Ven­tures and JSW Ventures.

Sify's Q4 net profit jumps over 6-fold to Rs 90 cr due to digital changes

IT company Sify Technologies posted over a six-fold jump in profit at Rs 90.4 crore for the March ended quarter due to rapid digital transformation of business amid COVID-19 pandemic.

Srei Equipment Finance's company secretary resigns; banks lift salary cap

The Srei group continues to face human resource crisis with Srei Equipment Finance (SEFL) company secretary putting in her papers

Auto dealers predict slow sales recovery as Covid spreads to rural areas

Auto sales, especially cars and sport-utility vehicles (SUVs), bounced back strongly last year as buyers rushed to buy private vehicles to ensure safety and maintain social distance

FabiFlu numero uno in Indian pharma market, show April sales data

With sales of Rs 352 crore in April, this brand alone accounted for over 2 per cent of the total domestic pharma market sales of Rs 15,662 crore

Covid-vaccine maker BioNTech reports $1.37 billion profit in first quarter

German pharmaceutical company BioNTech reported a net profit of 1.13 billion euros ($1.37 billion) in the first quarter of this year on the back of strong revenues from its coronavirus vaccine

Covid-19 pandemic: Shopping mall owners' income dips around 50 pc in FY21

Shopping mall owners' revenue declined by around 50% during the last fiscal as the retail sector was badly hit since the outbreak of the Covid-19 pandemic in March last year

Isuzu launches BS-VI compliant versions of V-Cross and mu-X range in India

Isuzu Motors India on Monday said it has launched BS-VI compliant versions of V-Cross and mu-X range in the country, priced between Rs 20.06 lakh and Rs 35.34 lakh (ex-showroom Delhi).

Ola to start doorstep delivery of oxygen concentrators to consumers

Ola Foundation, the philanthropic arm of Ola, said it has partnered with donation platform GiveIndia to provide consumers with oxygen concentrators

Vistara to start Delhi-Tokyo flights from Jun 16 under air bubble agreement

Vistara said on Monday it will start flights on the Delhi-Tokyo route from June 16 under the air bubble arrangement formed between India and Japan.