Page 3055 - Company News

Covid-19 impact: Oyo adopts 'hybrid workplace model' for Indian employees

The hybrid model allows more flexibility to workers, which in return has resulted in a noticeable improvement in overall productivity, the company said

Mining, construction equipment sector may face 20% volume dip in 2020: Icra

The domestic credit rating agency said it continues to maintain negative outlook for the domestic MCE sector based on the prevailing overall scenario

Indian e-com to grow 27% annually; RIL to dominate online grocery: Goldman

Online penetration of retail is expected to reach 10.7 per cent by 2024, versus 4.7 per cent in 2019

Delhi HC allows Samsonite to deposit GST profiteered sum in six EMIs

Decision taken in view of Covid-19; experts feel this will form a precedent, paving way for more such petitions from companies

Hindustan Unilever's Q1 net profit rises 5.7% to Rs 1,897 cr; sales up 3.7%

Its total expenses increased 5.42 per cent to Rs 8,324 crore in Q1 FY2020-21, compared to Rs 7,896

L&T Q1 preview: Analysts see up to 85% YoY PAT dip on Covid-19 disruption

The April-June 2020 quarter is likely to be one of the weakest quarters in recent times for the engineering & capital goods (ECG) companies amid the Covid-19-induced lockdown, analysts say.

Dabur's promoters may soon become strategic partner of Eveready Industries

The BM Khaitan family have been controlling the company for 25 years

Sumit Deb appointed CMD of National Mineral Development Corporation

Sumit Deb has been appointed as the CMD of National Mineral Development Corporation (NMDC), iron ore mining major of the country, according to a Personnel Ministry order issued

Airtel renews pan-India managed services partnership with Ericsson

Bharti Airtel has renewed its agreement with Swedish telecom gear maker Ericsson to manage pan-India network operations, the companies said in a joint statement

Indian businesses showed preparedness, resilience despite Covid-19: Report

The survey was conducted on more than 2,600 companies across 14 global markets including 200 firms from India

Increase in coal production helped lower power price: Western Coalfields

Western Coalfields has increased the production of coal to 57.6 mn tonnes in fiscal year 2019-20 and provided it cheaply to govt and private thermal power stations in Central, West and South India

Auto spare revenues may drop 11% as lockdown persists in 75 key districts

Crisil Research says the 75 districts together account for a huge chunk of automobile sales by OEMs and 46% of the automobiles sales in the country

BS READS: The mystery investor who made a killing in Ruchi Soya

A Delhi-based company put Rs 13 cr for a 5.94% stake in Ruchi Soya soon after it got relisted; today that investment is worth Rs 1,500 crore

Zoom to establish technology centre in Bengaluru to expand presence

The decision was taken following the Zoom's increased level of adoption by users across India

SBI Card Board approves raising Rs 1,500 cr via non-convertible debentures

These funds may be raised in one or more tranches, the company said

Fitch affirms Indian Oil Corporation at BBB-minus with negative outlook

The agency has also affirmed IOC's senior unsecured rating and the ratings on its outstanding senior unsecured debt at BBB-minus

HDFC Life CRC to meet on July 23 for proposed Rs 600-cr fundraising plan

HDFC Life Insurance Company is scheduled to declare its earnings for first quarter of this fiscal year 2020-21 later in the day

Arvind Lifestyle Brands receives Rs 260 cr from Flipkart for minority stake

Arvind Youth Brands is Arvind Fashions' recently formed subsidiary which will own the Flying Machine brand

Glenmark defends pricing of Covid-19 drug FabiFlu, says it is economical

Glenmark also denies making any claims that "favipiravir alone" is effective in treatment of mild-to-moderate Covid-19 patients

Bharat Forge cranks up for the future as Covid dents biz at home and abroad

The second part of the series looks at Bharat Forge's strategy during Covid to restructure overseas units