Page 3079 - Company News

Facebook plans to ban political ads before US Presidential election: Report

A highly-anticipated audit of Facebook practices revealed this week that the company's decision not to remove controversial posts by President Donald Trump was "deeply troubling"

Telecom Italia excludes Huawei from 5G core equipment tender: Report

The decision to prevent Huawei from bidding for the Italian network gives the Chinese company no recourse

After asking employees to delete TkikTok, Amazon says email was a mistake

The initial internal email, which was disseminated widely online, told employees to delete TikTok, a video app increasingly popular with young people

Commercial ambition sole motive of Mistry, Tata tells Supreme Court

Grievance is only about his removal as chairman: Tata

Gilead Sciences analysis shows remdesivir reduced coronavirus death risk

Remdesivir has been at the forefront of the global battle against Covid-19 after the intravenously administered medicine helped shorten hospital recovery times

Tata Sons a 2-group firm, quasi-partnership between 2 groups: Mistry family

In its petition to the Supreme Court, Tata Sons has claimed there is no formal or informal agreement like quasi-partnership exists between the two groups, and Tata Sons is not a two-group company.

Fiat recalls more than 900,000 US vehicles due to faulty air bag covers

The recall is limited to 2007-2011 Dodge Nitro SUVs, 2008-2010 Chrysler Town & Country and Dodge Grand Caravan minivans

Tata Consultancy Services lifts curb on lateral hiring amid Covid-19 crisis

The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.

With a fortune of $68 bn, Mukesh Ambani now richer than Warren Buffet

Shares of Ambani's conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook and Silver Lake

Hotels in discussion with banks on loan recast after moratorium ends

For one, hotels with standard loans are in discussion with banks on increasing their terms by another 12 months.

With SoftBank rally, founder Masayoshi Son adds $12 bn to fortune

With SoftBank Group's shares surging to their highest price in two decades on Thursday, Son's net worth hit $20 billion

Amazon makes employees delete TikTok, cites security concerns: Report

"Due to security risk, the TikTok app is no longer permitted on mobile devices that access Amazon email," the company said

Two senior Ola executives Arun Srinivas and Sanjiv Saddy step down

These exits follow that of Nitin Gupta, CEO of Ola Financial Services, who resigned in May.

Shoppers Stop MD Rajiv Suri puts in papers amid Covid-19 challenges

Company to be managed by CXO committee in interim period

Zomato's FY20 revenue grows 105% to $394 mn, loss rises 6% to $293 mn

The Gurugram-based firm had cut 13 per cent jobs in May due to the impact from Covid-19

Default risk for Indian companies drops at fastest pace in decade

The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

Green shoots seen in June pharma sales as domestic market grows 2.4%

The turn around follows deep decline in sales in the preceding months; July sales likely to be flat

Parle, Amul, Clinic Plus shampoo top 3 FMCG brands in India: Report

Compiled annually, the ranking has been derived on the basis of consumer reach points, a metric that measures how many households are buying a brand and how often.

Sobha: Leverage, cash flows in coming quarters to be key triggers for stock

Debt reduction over past two quarters is also positive