Page 3024 - Company News

Covid-19 impact: Apollo Tyres reports net loss of Rs 135 cr in Q1FY21

Net sales during the quarter under review declined to Rs 2,828 crore, from Rs 4,272 crore in the year-ago period, Apollo Tyres said

Global pilots body urges govt to intervene in pay cuts at Air India

The government-owned Air India is on a cost-cutting drive to deal with the situation arising out of Covid-19 which has impacted the aviation sector most globally.

Adani Gas profit declines 42% in June quarter as lockdown impacts sales

Gas sales volumes dropped to 64 million standard cubic meters in the first quarter of fiscal year beginning April 2020, from 137 mmscm in the same period a year back.

Domestic pharmaceutical industry to clock 4-6% growth in FY21: Icra

The domestic pharma industry has been posting slow growth numbers since March after the Covid-19 pandemic hit prescription generation

Sensitive credentials of 900 enterprises leaked on hacking forum

A Russian hacker has published passwords of over 900 enterprise VPN servers on a hacking forum visited by several ransomware groups, putting them at risk.

Collaborating with govt agencies to develop treatment for Covid-19: Cipla

The company is offering drugs, which have shown potency in treating Covid-19, in partnership with its global partners

Lenders to Reliance Commercial Finance invite bids for sale of NBFC

RCFL, which according to its website has been re-branded as Reliance Money, is a non-banking finance company (NBFC) with asset under management of Rs 11,000 crore.

Reliance Industries now the second biggest brand globally after Apple

"This year's highest entrant at number two, Reliance Industries excels on every attribute," FutureBrand said, releasing its 2020 Index

Mall revenues set to halve this financial year due to Covid, says Crisil

The top-10 Crisil-rated malls have a total rated debt of Rs 4,200 cr and a high DSCR of 1.5 times, so impact on their credit quality is likely to be limited in the near term, the agency says

OnePlus postpones Nord open sale to Friday amid 'overwhelming' demand

The device will go on sale via Reliance Digital and MyJio Stores from August 7 and other retail partners will sell the device from August 12

Indian Energy Exchange plans minority stake sale in gas venture: CEO

The largest electricity trading platform in India may sell as much as 49% in the venture in a series of deals

HP starts PC manufacturing operations at Flex's facility near Chennai

Plant will make desktops and workstations that meet current and future customer needs; Unit has access to nearby port and HP's spare parts facility in Bengaluru

Uber to hire 140 more engineers for Indian tech teams to expand products

These expansion plans are in line with itss vision to make mobility and delivery more accessible, and to become the backbone of transportation in thousands of cities across the globe, the company said

Airtel ties up with Amazon to sell AWS solutions to companies in India

Collaboration to boost Airtel's cloud offerings in the fast-growing Indian market

Bajaj Auto launches KTM Duke 250 BS6 model with split headlamp in India

Since its entry into India in 2012, KTM has marked its presence across 365 cities and 460 stores. KTM has a customer base of over 2.7 lakh units

Zydus Cadila to begin phase II Covid-19 vaccine clinical trials from Aug 6

Zydus Cadila Chairman Pankaj R Patel said the phase I dosing to establish the safety of ZyCoV-D is an important milestone

Amazon gears up for Prime Day in pandemic with temperature checks, handwash

Amazon event will be devoid of the usual Bollywood dancing and the endless supply of Indian street foods, foot massages and costume parties.

A white knight galvanises Eveready as company fights mounting debt

The Burmans of Dabur become the biggest shareholder in India's largest dry cell battery maker as the Kolkata-based promoters struggle to ring-fence their tea-to-engineering group

Myntra buys Bollywood star Deepika Padukone's fashion brand 'All About You'

The deal is one of the most significant celebrity brand acquisitions in recent times

RIL's heft adds to fund managers' woes as stock makes up 20% of Sensex

Large-cap MFs risk face risk of losing out on the rally