Page 3029 - Company News

Number of flights up, yet less than a third compared to July 2019: Icra

Rating says airlines operated at much lower capacity of about 27% this July compared to July 2019 level, but there was a marginal rise over the 25% capacity achieved in June 2020

DGCA blocks SpiceJet's promo offer, says it breaches govt pricing order

SpiceJet was offering one-way fares starting at Rs 899 and a complimentary voucher of up to Rs 2,000 which could be used for future booking

Weak US outlook, pricing pressures weigh on Sun Pharma's revenue growth

Margin gains in the June quarter unlikely to sustain

Google plans to bring Pixel 4a smartphone to Indian market in October

The company will not bring its new 5G-enabled Pixel 5 and Pixel 4a (5G) to India and Singapore markets

Trai gives Airtel, Vodafone Idea time till Aug 10 on priority plan queries

The Telecom Regulatory Authority of India (Trai) source said that both the companies have been given time till August 10 to file their responses

Jubilant Life launches generic version of remdesivir for Covid-19 treatment

The injectable drug, under the brand name 'JUBI-R', is priced at Rs 4,700 per vial of 100 mg

JNPT expects imports to get back to normal from this month-end

The port has been continuously growing month-on-month, registering a throughput of 3,44,316 TEUs in container handling in July, which is 19 per cent higher as compared to June 2020

Munich Re sells 1.72% stake in Apollo Hospitals for Rs 383.64 crore

Nearly 2.4 mn shares change hands at an average price of Rs 1,600.43 cr

Gas supplies to power plant rise 13% in June; capacity utilisation up 29.4%

Gas supplies to power plants in the country increased by 11.65 per cent to 104.78 MMSCMD in April-June from 93.84 MMSCMD in the same quarter last year

Vitesco Technologies, Padmini VNA to set up JV for BS-VI powertrain tech

Vitesco Technologies has partnered Padmini VNA Mechatronics for setting up a 50:50 joint venture for select powertrain technology solutions that meet the new BS-VI emission norms for domestic market

Tech Mahindra starts Covid-19 screening service to detect antibodies

IT company Tech Mahindra on Monday started a coronavirus screening service 'Mhealthy', which can also detect Covid-19 antibodies, said a senior official of the company.

Bandhan Bank's holding co pares stake to 40% to comply with licensing norms

In terms of the guidelines of the licensing of new private lenders issued by RBI, BFHL was required to bring its excess shareholding to 40% of the paid-up voting capital of the bank

Microsoft Translator for iOS adds auto mode for one-on-one chats

Microsoft Translator for iOS has just made it easier to translate one-on-one chats with the addition of an auto mode that allows people to concentrate more on the conversation

Exide Industries reports Q1 net loss of Rs 13.56 cr due to Covid-19 crisis

The company had posted a net profit of Rs 161.58 crore in the corresponding quarter a year ago

Bangalore Airport extends biometric-based self-boarding facility to AirAsia

The safe and contactless facility was first rolled out by the Bangalore International Airport for Tata-SIA airline, Vistara, in July last year

Greater localisation, offshoring to cut visa hike impact for Indian IT cos

Experts say the visa price hike impact will be minimal as IT firms are already sitting on comfortable margins due to absence of travel and reduction of other discretionary costs

GMR Infra plans to divest non-core assets, bets big on land monetisation

As per the document, 4,650 acres area there has been notified as SEZs and utility and environment approvals are in place

CIL sees 17% jump in composite opencast output in July, hopes further rise

The composite production was 110.40 million cubic metres (M CuM) for July, against 94.4 M CuM in July 2019, CIL said in a statement.

SpiceJet offers discounts, vouchers up to Rs 2,000 to boost seat capacity

Domestic capacity of airlines in india this July at 27 per cent of 2019 level, says Icra

Amazon India launches new warehouse in Ludhiana ahead of Prime Day sale

Amazon India has announced the expansion of its warehouse network with the launch of a new specialised fulfilment center (FC) for large appliances and furniture in Ludhiana