Page 3041 - Company News

Hetero joins long list of firms to launch Covid-19 drug favipiravir

Will sell its oral anitiviral for Rs 59 a pill, Cipla and DRL to launch soon

Telcos lost 8.2 mn subscribers in April; Covid-19 pressure remains: Report

The biggest losers were Bharti Airtel and Vodafone Idea, it said, adding sector leader Reliance Jio witnessed a growth in its base

Spotify's paid subscribers hit 138 mn as music streaming demand rebounds

Analysts on average were expecting the company to have 136.4 million paid subscribers

Uber, Bajaj partner to install safety partitions in 100,000 auto-rickshaws

The partition would act as a protective barrier for restricting contact and aims to facilitate social distancing between drivers and riders for making travel safer

Pawan Hans launches helicopter flights on Dehradun-Gauchar route in U'khand

Pawan Hans Limited launched helicopter service on the Dehradun-New Tehri-Srinagar-Gauchar route in Uttarakhand under the Central government's regional connectivity scheme UDAN

Singapore Airlines reports $817 mn loss in first quarter due to Covid-19

Singapore Airlines reported a $816.73 million first-quarter net loss after drastically cutting capacity due to the decline in demand and travel restrictions associated with the coronavirus pandemic

No early end to the 'new normal', yet the show must go on: Apollo Tyres CMD

Stating that the uncertainty due to the coronavirus pandemic will continue, Apollo Tyres Chairman and Managing Director Onkar S Kanwar has said he doesn't see an early end to the 'new normal'

Adani Ports will raise $750 mn to fund capital expenditure requirements

The Notes are expected to be listed on the Singapore Exchange Securities Trading Limited and the India International Exchange (IFSC)

Sanofi, GSK to supply up to 60 million doses of Covid-19 vaccine to UK

Sanofi and GSK said they had reached an agreement with Britain to supply it with up to 60 million doses of a potential Covid-19 vaccine, and that discussions with other governments were ongoing

NCLAT issues notices as Jaypee minority shareholders seek compensation

A three-member NCLAT bench has issued notices to NBCC, IDBI Bank and resolution professional of Jaypee Infratech as well as to the bourses NSE and BSE

India FY21 steel consumption to fall at least 10% due to Covid-19: Report

The agency further noted that consolidation in the Indian steel sector that began in 2018 will continue in 2020

4 Big Tech CEOs under US Congress scanner on issues of competition, privacy

One of them is the world's richest individual (Bezos); another is the fourth-ranked billionaire (Zuckerberg)

Bharat Forge board approves proposal to raise Rs 500 crore via NCDs

The company's board has discussed and approved the issuance of 5,000 listed, rated, unsecured, redeemable, NCDs of face value Rs 10 lakh each

Hetero launches generic Covid-19 drug 'Favivir' at Rs 59 per tablet

It improves treatment accessibility to a significant amount of Covid-19 patient population, which have mild to moderate symptoms,Hetero said

HT Media to acquire VCCircle, TechCircle to drive synergies across biz

According to HT Media, this strategic acquisition of an emerging company will drive synergies across businesses

Indian cos lost Rs 14 cr on average to data breaches in Aug 19- Apr 20: IBM

Data breaches cost organisations in India about Rs 14 crore on an average between August 2019 and April 2020

Even as employees protest LWP policy, Air India begins recruitment drive

Air India Express has put out an advertisement to hire in the finance and medical services department

Weaker fintechs face crisis to mature as Covid-19 casts shadow over funding

Signs of stress among even relatively well established fintechs are starting to emerge, say analysts

Sun Pharma-owned subsidiary to acquire Canada's Aquinox Pharma for $8.2 mn

Indian company says no approvals are required for the acquisition and it is likely to be completed by July 31

Market is opening up gradually, Q2 looks much better: TVS Motor Chairman

Venu Srinivasan expects the market to overcome the supply chain problem during the second quarter of the year