Page 2963 - Company News

SoftBank partners with Oyo in Latin America in move for more oversight

It shows SoftBank's keenness to ensure Oyo remains on track, and is the latest sign SoftBank is more closely overseeing Oyo's operations including in offshore markets

Amazon downgrades 20,000 product reviews to fight false ratings: Report

The investigation revealed that Amazon Fryer, the top judge on Amazon.co.uk, gave his five-star approval an average of once every four hours

Air India to resume Mumbai-Aurangabad flight services from September 15

The flights between the two cities were suspended in the wake of the coronavirus pandemic

Indian auto, components sector shouldn't de-link from imports: Pawan Goenka

Interdependence will play an important role in global and domestic economies, he said adding "we should avoid any knee jerk reaction or ask for bans of imports or any such acts"

Game on: How FAU-G plans to enter the space left vacant by PUBG

Bengaluru based start-up to develop desi version of multiplayer action game by October end

Auto sector can emerge as global hub, mustn't waste chance: Pawan Munjal

"The Covid-19 pandemic presents an opportunity for the Indian automobile and components sector to become a global hub"

New Coca-Cola India head Sanket Ray has a task cut out for him

Unlike his predecessor, Ray will head a unit that is strategically more important to the parent company and will report directly to top executives at the firm's headquarters

SMC president tells auto component suppliers to localise aggressively, step up R&D

The advice comes amid the Centre's clarion call to manufacturers across sectors to cut imports and become self-reliant

Challenges galore for Sanket Ray, Coca-Cola's new head for India & SW Asia

With the Covid-19 pandemic shattering the country's economy, resulting in mass layoffs and salary cuts, the cola major is now facing faltering sales and an overall slowdown in consumption

BPCL to offer its employees stock options at a third of market price

State-owned Bharat Petroleum Corp Ltd (BPCL) has offered its employees stock options at one-third of the market price as the company looks to reward staff ahead of its privatisation

Vodafone Idea board agrees to raise Rs 25,000 cr through share sale, debt

The fund raising will help the company to get its finances back on track as it takes several steps to cut operational costs

BSNL to retrench another 20,000 contract workers: Employees' union

The union also claimed that 30,000 contractual workers have already been retrenched under the company's retrenchment process and added that all such workers remained unpaid for more than a year

MTR Foods owner Orkla to pay Rs 2,000 cr for control of Eastern Condiments

Norwegian conglomerate Orkla, which owns MTR Foods, to buy 67.8 per cent stake in Kerala's Eastern Condiments

Paytm reports Rs 3,629 cr revenue for FY20; eyes profitability by 2022

The Noida-based firm also claimed it has narrowed losses 40 per cent year-on-year on account of optimisation of expenses which will help it become profitable by 2022

Jio cuts to grow, but the jury is out on its rock-bottom pricing

But the jury is out on its rock-bottom pricing for the broadband venture

PUBG ban to upset Tencent's 'chicken dinner' in India

With over 175 million estimated downloads, India accounts for around 25 per cent of PUBG's global subscriber base

Six out of top 10 infrastructure companies struggling to stay afloat

These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period

OYO India offers voluntary separation or leave extension to employees

Post-unlock, the company started tracking to 30 per cent of pre-Covid-19 occupancy levels, OYO India said in a statement

Aviation outlook stays cloudy despite easing of capacity restrictions

IndiGo's market share crosses 60 per cent; traffic for the sector still a fifth of pre-Covid levels

New PSL norms may not be an immediate game changer for banking sector

Given the systemic risk aversion, credit growth may take a few quarters to revive on the back of these norms