Page 3054 - Company News

Hindustan Unilever: Q1 improves earnings outlook despite uncertainty

Synergy benefits from GSK Consumer merger, VWash buy give leg up to firm's portfolio

Govt extends work from home norms for IT, BPO companies till December 31

Currently, around 85 per cent of the IT workforce is working from home and only those performing critical functions are going to offices

GSK merger helps HUL's top line, but profit before tax down 6% in Q1

Excluding the GSK business, overall revenue declined 7 per cent in the quarter, Srinivas Phatak, chief financial officer, HUL, said in a virtual press meet

Bidvest moves Delhi HC against GVK, investors in airports holding firm

The lawsuit, filed on Monday, comes at a time when the Union government is seeking foreign direct investment in India, promising ease of doing business to overseas investors.

Khaitans likely to join hands with Burmans to run Eveready Industries

Promoters hope to ring-fence long-term interests of the firm via this partnership

Oil marketing companies invite start-ups to deliver diesel at doorstep

The OMCs - Indian Oil, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation - have invited expressions of interest (EoIs) from start-ups that wish to be enrolled as FuelEnts.

Covid-19 impact: Trujet reduces salaries of employees by minimum 50%

The airline said it is "facing serious financial crunch/cash flow situation"

Covid-19 lockdown takes the fizz out of Coke's operations in June quarter

Global volume offtake dropped 16 per cent year-on-year (YoY) and its aerated drinks business fell 12 per cent YoY, with the lockdown being the major factor.

FabiFlu cheaper than other drugs to treat Covid-19, claims Glenmark

The company further claimed that since favipiravir was an oral therapy, patients could be treated on an out-patient basis without incurring additional hospitalisation expenses

'Fine-dining' at home: ITC, Marriott, Taj plot their way out of pandemic

Five star hospitality chains have launched new food and delivery labels to service customers at home. Does this strengthen, or dilute their brands?

Biocon diversifies business model, enters digital therapeutic segment

To launch Insulia for at-home management of diabetes in collaboration with Voluntis

Indian Hotels to acquire remaining stake in ELEL from Nanda family

The buyout will make IHCL, the 100% owner of Sea Rock Hotel

Online grocers see uptick in orders amid localised lockdowns in many states

Grocers see momentum in orders of fruits, vegetables & staples as people avoid stepping out in containment zones

Covid-19: June passenger vehicle sales dip 38% to 126,417 units, says FADA

Commercial vehicle sales plunged 83.83 per cent to 10,509 units as against 64,976 units in the year-ago period

IRDAI allows insurers to sell Corona Kavach policy as group product

Each insurer can price the product according to its risk assessment, health portfolio and its claim experience.

Total registered firms top 2 million at June-end; over 740,000 closed: Govt

The latest data from the corporate affairs ministry also showed that there were little over 1,215,000 active companies as on June 30.

Amazon Prime Day sale kicks off on August 6 with 300 new product launches

Amazon said the sale will see over 300 new product launches from top brands like Samsung, Prestige, Fabindia, Dabur, Voltas, Godrej, Jabra, Microsoft Xbox, Adidas, Xiaomi and Boat among others

Arun Mishra elevated as Hindustan Zinc CEO, takes charge on Aug 1

He succeeds Sunil Duggal, who is now leading the group company, Vedanta Limited, as its chief executive officer.

Customers can choose data centres to route their data, says Zoom

From January to April 2020, Zoom saw 6,700% growth in free user sign-ups in India

Apple aims to remove carbon emissions from supply chain, products by 2030

Apple said it aims to achieve 75% of the goal by reducing emissions, with the remaining 25% coming from carbon removal or offset projects such as planting trees and restoring habitats