Page 3046 - Company News

High wastage keeps food companies from ploughing export benefits

The second of a 5-part series looks at the challenges in food export business

Pfizer profit before tax down marginally to Rs 173 crore in June quarter

Revenue stood at Rs 514.89 crore against Rs 544.40 crore for the same period a year ago

Bharti Infratel Q1 profit before tax declines 15% to Rs 943 crore

The consolidated profit after tax for the quarter was down 21 per cent at Rs 704 crore from Rs 887 crore in the same period last year.

Tech Mahindra beats Street estimates, pre-tax profit up 33% to Rs 1,283 cr

Mahindra group firm beat estimates for the June 2020 quarter (Q1FY21) thanks to lower operating costs

IndiGo implements another round of pay cuts for senior management, pilots

CEO Ronojoy Dutta will take a pay cut of 35%, while all executives at the level of senior vice president and above will take a pay cut of 30%

With new law in place, will brands and stars rethink the endorsement game?

Will brands and stars rethink the endorsement game as the new law seeks greater accountability from all stakeholders?

ITC acquires spices maker Sunrise Foods in all-cash deal for Rs 2,150 cr

SFPL is a Kolkata-based family-owned company engaged primarily in the business of spices

Less than 50% occupancy not viable, won't open: Theatre owners to govt

The government is preparing new guidelines for further relaxation of restrictions from August 1

Walmart's reverse merger with Flipkart may bulk up valuations ahead of IPO

The reverse merger may bulk up valuations ahead of an IPO in two years, but questions about the performance of the wholesale business remain

Swiggy to lay off another 350 employees as coronavirus impacts business

This comes just two months after the Bengaluru-based firm said it was laying off 1,100 employees

India Inc's deal activity at a 6-year low amid Covid-19 pandemic

Last year, India Inc sealed deals worth $88.88 billion in the January-July period, but this year the total transactions are $56.73 billion, fueled mainly by RIL-Jio deals

Google extends work from home for employees till June 30 next year

In May, Google had also announced $1,000 allowances to cover equipment costs for employees working from home during the Covid-19 pandemic

Tata chairman underscores thrift at Taj Group's first digital AGM

Says recovery to be led by domestic business, cites pressure to hospitality sector due to lockdowns, reduced air travel and absence of public gatherings, impacting MICE business

NCLAT upholds Adani Ports & Special Economic Zone's takeover of Dighi Port

The National Company Law Appellate Tribunal (NCLAT) has upheld the Adani Group firm - Adani Ports & Special Economic Zone's take-over plan of the debt-ridden Dighi Port

Sellers body moves CCI against Flipkart's acquisition of Walmart India

Says a few sellers will get preferential treatment, Flipkart will engage in deep discounting in groceries

NBCC India bags two project orders worth Rs 204 crore in Seychelles

In a regulatory filing, NBCC (India) Limited informed that it has received two orders on PMC (Project Management Consultant) basis

Maruti Suzuki plans digitised financing options amid growing online demand

The country's largest car maker that sells on an average one out of every two cars sold in the country has seen digital enquiries spike to over 45 per cent during the lockdown months

Bharti Infratel reports 21% drop in consolidated net profit at Rs 704 cr

The net profit had stood at Rs 887 crore in the corresponding quarter of previous year

IOC, French firm Total join hands for bitumen production and marketing

Form equal JV to set up six greenfield plants in the first four years at an investment of Rs 226 cr; Total is leading bitumen player in Europe

Havells: Near-term demand uncertainty to weigh on Street sentiment

The company said that demand markets were tepid initially because of lockdowns, but picked momentum in the later half of May.