Page 3061 - Company News
Margin pressure, limited operations under lockdown to continue for D-Mart
Lower sales of discretionary products to weigh on profitability
 "Margin pressure, limited operations under lockdown to continue for D-Mart")
Plenty of catalysts for Biocon over the next few months, say analysts
Progress in biologics, projects in the pipeline driving prospects
 "Plenty of catalysts for Biocon over the next few months, say analysts")
Biocon eyes international markets to supply Itolizumab for Covid-19 therapy
Its partner Equillium is planning to carry out a clinical trial in the US, which could lead to huge spike in demand for the product
Glenmark cuts price of Covid drug FabiFlu by 27% within a month of launch
Higher yields and better scale allowed a price cut, said Company
 "Glenmark cuts price of Covid drug FabiFlu by 27% within a month of launch")
No plans to lay off staffers due to Covid: Wipro chairman Rishad Premji
The IT firm sees limited impact due to H-1B visa ban; profitable growth tops the agenda
 "No plans to lay off staffers due to Covid: Wipro chairman Rishad Premji")
Double-digit decline for PepsiCo's India revenue amid Covid-19 crisis
The firm's sales of snacks and beverages during the period was hit as lockdowns kept sporting events off ground and hotels, malls, restaurants, and multiplexes shut to contain the spread of Covid-19.
 "Double-digit decline for PepsiCo's India revenue amid Covid-19 crisis")
Court battle looms over Asian Colour Coated as bidder plans to move NCLT
RP rejects fresh EoI by Interups Inc, says JSW offer pending with NCLT
 "Court battle looms over Asian Colour Coated as bidder plans to move NCLT")
100,000 shareholders can log onto RIL's first e-AGM on Wednesday
Chairman and Managing Director Mukesh Ambani will address shareholders using the in-house JioMeet platform.
 "100,000 shareholders can log onto RIL's first e-AGM on Wednesday")
Aditya Birla Health hopes to maintain growth trajectory this fiscal: CEO
The company posted a 76 per cent growth in 2019-20 while the premium income rose by 70 per cent in the first two months of the current fiscal, Bathwal said in an interview
 "Aditya Birla Health hopes to maintain growth trajectory this fiscal: CEO")
Tech Mahindra helps bring back over 200 staff and families stuck in US
A chartered flight carrying the employees and their families took off from Fort Worth International Airport on Monday and is expected to land in Hyderabad tomorrow
 "Tech Mahindra helps bring back over 200 staff and families stuck in US")
CAIT aims to dent China's Rs 4,000 cr biz with 'Hindustani Rakhi'
CAIT would also hand over more than 5,000 rakhis to Defence Minister Rajnath Singh to be further sent to soldiers guarding the country's borders
 "CAIT aims to dent China's Rs 4,000 cr biz with 'Hindustani Rakhi'")
GoAir runs over 100 charter flights, repatriates 18,195 Indians in 1 month
GoAir commenced repatriation flights on June 10 and gradually ramped up its services with a combination of 'Vande Bharat Mission' flights and private international charters
 "GoAir runs over 100 charter flights, repatriates 18,195 Indians in 1 month")
Toyota launches 55% assured buyback scheme for Yaris, Glanza models
Toyota Kirloskar Motor (TKM) on Monday said it has launched special finance offers and schemes for customers, including 55 per cent buyback scheme for its Yaris and Glanza models, this month.
 "Toyota launches 55% assured buyback scheme for Yaris, Glanza models")
Voda-Idea moves telecom tribunal against Trai's objection on priority plan
The Telecom Regulatory Authority of India (Trai) also asked the two operators to withhold the specific plan in the interim period while the issue is being examined
 "Voda-Idea moves telecom tribunal against Trai's objection on priority plan")
IT services sector's revenues may contract up to 3% in FY21: Icra
In its report, domestic rating agency Icra also said that the profit margins for the sector will go down as the growth slows down
 "IT services sector's revenues may contract up to 3% in FY21: Icra")
Covid-19: After Swiggy, ITC Hotels ties up with Zomato for delivery of food
COO of ITC Hotels Anil Chadha said with the changing world order owing to the Covid-19 pandemic, these arrangements will help customers get their favourite cuisines sitting at home
 "Covid-19: After Swiggy, ITC Hotels ties up with Zomato for delivery of food")
French power firm EDF backs Indian start-ups via competitive programme
It is undertaking its global programme called EDF Pulse in India which follows a competition format and offers financial support and other facilities to the winners
 "French power firm EDF backs Indian start-ups via competitive programme")
Adani Ports fund-raising plan of $1.25 bn draws negative rating outlook
Agencies see strong fundamentals for Adani despite lowered ratings outlook
 "Adani Ports fund-raising plan of $1.25 bn draws negative rating outlook")
Tech Mahindra brings back 210 stranded employees, dependents from US
A special chartered flight carrying them took off on Monday from Dallas/Fort Worth International Airport and will land in Hyderabad on Tuesday
 "Tech Mahindra brings back 210 stranded employees, dependents from US")
Coal India dues from state gencos rise to Rs 22,000 cr amid weak demand
The mining behemoth is also not in a position to regulate supplies to the power companies as demand has remained subdued over the last few months
 "Coal India dues from state gencos rise to Rs 22,000 cr amid weak demand")