Page 3052 - Company News

ITC Q1 preview: FMCG segment to cushion overall nos; PAT may dip 30% YoY

Impact of the lockdown of manufacturing facilities, cigarette inventory levels, guidance on price and volume, and alternate distribution channels are among the key monitorables

US to pay Pfizer, BioNTech $1.95 bn for 100 mn Covid-19 vaccine doses

The companies will not receive any money from the government unless their vaccine succeeds in large clinical trials

Memo from the office: Work from home continues to be a work in progress

The office can't be done away with but work from home is now company culture, writes Suveen Sinha

Future Retail defaults on foreign bond coupon payment, faces S&P downgrade

Cites liquidity pressure, depressed operating cash flow, delays in disbursement of credit lines from banks

Zydus gets USFDA nod for drug trials to treat chemotherapy-induced anemia

Drug firm Zydus Cadila on Thursday said it has received approval from the US health regulator to initiate clinical trials for its drug 'Desidustat' in treatment of chemotherapy-induced anemia

Hackers accessed DMs of 36 of 130 users attacked last week, says Twitter

Attackers were able to view email addresses and phone numbers of some Twitter users, says company

Premium watch retailers make up for lost time by offering discounts

To tide over the disruption, a few players have also started creating websites for digital sales

Brands look for a personal touch with trending topics in the online pitch

People are spending more time on social media, offering brands a ringside view of their lives and a chance to get up close and personal

Government likely to extend deadline for BPCL bidding for third time

A major roadblock before international investors is the shutdown of flights

Lockdown and uneven rainfall hits tea crop, prices firm up at auctions

The production in north India, comprising Assam and north Bengal, is down by 40 per cent from January to June as compared to the figures of 2019

Autodesk acquires construction software firm founded by Indian techies

The acquisition will empower general contractors, subcontractors and owners to gain more value from Autodesk Construction Cloud

Amazon India steps up insurance and credit biz, riding on its payments app

Amazon Pay has started making deep inroads in India's booming digital payments market and is competing aggressively with PhonePe, Paytm and Google Pay

Hindustan Zinc: Awaiting fresh triggers for earnings growth amid low demand

Analysts at HSBC, not expecting zinc prices to cross $2,200 in the foreseeable future, have reiterated "hold" rating given potential for volume growth and high dividend yield

Promoters of loan defaulting companies to soon face crackdown by lenders

With apex court's backing, banks to speed up enforcing personal guarantees

Will be conscious of govt directives: L&T on partnering with Chinese firms

L&T Group Chief Financial Officer R Shankar Raman said Chinese firms, which it had contracted, are providing critical equipment for some of the projects and helping in implementing and operating them

MyLab Discovery Solutions' Covid-19 antigen testing kits get ICMR nod

MyLab's kit named 'Pathocatch' will be available for orders immediately and will be priced at around Rs 450

Covid-19 crisis: Glenmark claims 'clinical cure in 4 days' in Phase-3 trial

Firm claims trial results showed 28.6% faster viral clearance in overall population, says drug well tolerated with no major side effects

Mukesh Ambani world's 5th richest after RIL market cap tops Rs 13 trillion

Ambani, who owns half of RIL's equity, managed to achieve this feat after raising funds from a slew of marquee investors in the Jio wireless telephony business

From Lifebuoy to Horlicks, HUL's star brands boost sales growth in Q1

Thanks to in-home consumption and a focus on hygiene and health, HUL said these brands contributed significantly to growth within its essentials portfolio, which constitutes 80% of its business

Covid-19 impact: Govt extends WFH norms for IT, ITeS firms till year end

The decision will help ensure business continuity and employee safety, industry executives said.