Page 2988 - Company News

Sales of Corona Kavach health insurance policies on rise: Max Bupa

"The initial response for Corona Kavach plan has been encouraging and we are selling between 200-300 policies every day," Ramachandran said

GoAir and SpiceJet: Two flight paths to survival as aviation crisis deepens

The strategies of the second and third-largest private airlines - GoAir and SpiceJet - offer a study in contrast

ASUS plans expansion in India, to set up 12 more Republic of Gamers stores

ASUS already has eight gaming cafes in cities like Chennai, Bengaluru and Delhi, uses these franchise-owned facilities to sell products and for users to experience games and the devices

Automakers expect demand to pick up in festive season despite Covid-19

If Covid-19 situation improves, it would lead to improved sales and if somehow the scenario deteriorates then the sales would also be impacted, Srivastava noted

Jindal Aluminium increasing focus on defence, aerospace segments: MD

Ruling out inorganic route to scale up, he said they plan to increase output gradually in a modular manner every year so that both manpower and technology go hand in hand to meet rising demand

Nesco plans over Rs 2,000 cr investment on business expansion in 5-7 years

Diversified firm Nesco has said it is planning to invest over Rs 2,000 crore in the next five to seven years

Liquor associations warn against proposed tax hikes in West Bengal

Say it will lead to steep hike in prices which will hit sales, industry and govt revenues

As shoppers stay away due to Covid-19, small retailers seek refuge online

For small retailers across the country, the coronavirus outbreak has turned an already challenging business environment into never-ending uncertainty.

69 firms allotted land near Jewar airport; Rs 2,300 cr investment expected

Sector 29 is being developed for an Apparel Park project which will house several firms dealing in readymade garments, according to the officials

Govt asks RINL, POSCO to form joint working group for AP steel project

The JWG would meet regularly to expedite the implementation of the MoU, the ministry said.

Varroc rides high on sharp auto recovery, strong order book hopes

Jump in European electric car sales, better utilisation of facilities should help improve sales and profitability

Milk Mantra plans expansion, in talks to acquire dairy plant in Kolkata

At present, the company has two dairy plants at Puri and Sambalpur in Odisha with a processing capacity of 300,000 litres per day

Aditya Birla Sun Life open to consolidation due to Covid-19 disruptions: MD

Kamlesh Rao said that in times of socio-economic crisis like this Covid-19, 30-35% companies find it difficult to survive, while 15-20% firms outshine their peers in respective industries

WFH leads to surge in demand for office furniture rentals: Industry experts

Corporates and independent consumers are renting ergonomic curated products to make working from home more efficient, especially in metro cities, resulting in surge in furniture rentals

Focused on sustaining operational performance in near-term: Jubilant Life

Drug firm Jubilant Life Sciences is focused on sustaining its operational and financial performance in the near-term in the current scenario

Diageo incurred 2-mn-pound loss on sale of India wine business in FY20

Talking about consumption preferences, Diageo said consumers who drink alcohol are increasingly choosing spirits over beer and wine

We are not Chinese but homegrown Indian brand: IPL title sponsor Dream11

Following the criticism that IPL's new title sponsor Dream11 is associated with Chinese investors, the fantasy league sports platform has clarified that it is a 'completely homegrown Indian brand'

In share swap deal, ICICI Lombard to acquire Bharti AXA General Insurance

In a share swap deal, non-life insurer ICICI Lombard General Insurance Company will acquire the business of Bharti AXA General Insurance Company Ltd

Hackers posing as HR staff are sending lay off emails to attack firms

Hackers disguised as HR are sending lay-off emails to employees amid the pandemic, pushing malware into devices, accessing data and entering networks of organisations once attachments are clicked open

Union Bank posts Q1 net profit of Rs 341 cr, total income at Rs 20,487 cr

State-owned Union Bank of India on Friday reported a consolidated net profit of Rs 340.95 crore for the first quarter ended June 2020