Page 3084 - Company News
Sajjan Jindal urges co-industrialists to source locally, shun Chinese goods
Currently, JSW Group imports material worth $400 million from China but aims to bring it down to nil over the next two years
 "Sajjan Jindal urges co-industrialists to source locally, shun Chinese goods")
Tata Consumer Products to see good demand and growth: N Chandrasekaran
Says impact of pandemic on firm was mixed; while panic buying and closure of restaurants led to spike in retail and online sales, food service sales and out-of-home biz were impacted significantly
 "Tata Consumer Products to see good demand and growth: N Chandrasekaran")
Mumbai prices crash as developers struggle for funds, buyers wait and watch
While there has been a markdown of as much as 20-25% in some areas, buyers aren't committing their money on hopes of a further correction
 "Mumbai prices crash as developers struggle for funds, buyers wait and watch")
Walgreens, New Zealand-based Stuff join 'boycott Facebook' campaign
Leading US drugstore chain Walgreens and New Zealand-based news site Stuff have decided to quit Facebook and its sister platforms amid criticism over its handling of hate speech and misinformation
 "Walgreens, New Zealand-based Stuff join 'boycott Facebook' campaign")
3 agencies qualify tech round for assisting DPIIT in start up initiatives
PricewaterhouseCoopers, Ernst & Young, and KPMG Advisory, have qualified the technical evaluation round for assisting the DPIIT in effective and on ground implementation of initiatives for startups
eClerx Services' board approves up to Rs 109.5-crore buyback offer
Knowledge Process Outsourcing (KPO) services provider eClerx Services on Monday said its board has approved a buyback programme worth up to Rs 109.5 crore
Covid-19 update: CEAT Tyres makes foray into PPE segment, launches S95 mask
CEAT Tyres announced its foray into the personal protective equipment (PPE) segment with the launch of anti-pollution S95 mask, GoSafe, amid an increasing number of Covid-19 cases in the country
 "Covid-19 update: CEAT Tyres makes foray into PPE segment, launches S95 mask")
Honda Siel Power Products changes name to Honda India Power Products
Subsequent to cessation of JV with Usha International, Honda Siel applied for the corporate name change which was recently certified by RoC
 "Honda Siel Power Products changes name to Honda India Power Products")
Renault launches new RXL variant of Kwid, starting at Rs 416,000
The new RXL variant comes in two versions, MT and AMT, priced at Rs 416,00 and Rs 448,000, respectively
 "Renault launches new RXL variant of Kwid, starting at Rs 416,000")
Investors should not be gung-ho about banks' Q1 headline numbers: Analysts
While Q1 updates of HDFC Bank, IndusInd Bank and Federal Bank show up to 21% loan growth, extension of moratorium, postponement of March disbursements will influence reported numbers
 "Investors should not be gung-ho about banks' Q1 headline numbers: Analysts")
Performance may be quite volatile in FY21 due to coronavirus: Dr Reddy's
The company however remains cautiously optimistic of re-calibrating its levers to suit the new business environment, it noted
 "Performance may be quite volatile in FY21 due to coronavirus: Dr Reddy's")
Honda Siel Power Products will now be called Honda India Power Products
Power products manufacturer Honda Siel Power Products announced the change of its name to Honda India Power Products
 "Honda Siel Power Products will now be called Honda India Power Products")
Zydus gets Mexican regulator's approval for coronavirus drug study
Desidustat tablets to be tested for the management of coronavirus patients-the first such approval
 "Zydus gets Mexican regulator's approval for coronavirus drug study")
Hinduja brothers must seek mediation to settle issues, say lawyers
The complex holding structure of various group companies across various jurisdictions can lead to multiple and fresh litigation for years, they warn.
 "Hinduja brothers must seek mediation to settle issues, say lawyers")
From Tatas to Adani, private players train sights on railway privatisation
Railways holds meet with prospective bidders prior to RFQ
 "From Tatas to Adani, private players train sights on railway privatisation")
Samsung's 2nd quarter chip sales unlikely made up for smartphone weakness
The world's biggest supplier of certain memory chips on Tuesday will announce preliminary April-June revenue as well as operating profit.
 "Samsung's 2nd quarter chip sales unlikely made up for smartphone weakness")
Traders' body CAIT demands ban on China's Huawei, ZTE from India 5G rollout
The traders' body has written a letter in this regard to Union Minister Ravi Shankar Prasad
 "Traders' body CAIT demands ban on China's Huawei, ZTE from India 5G rollout")
France won't ban Huawei, but encouraging 5G telcos to avoid it: Report
The US government has urged its allies to exclude the Chinese telecoms giant from the West's next-generation communications, saying Beijing could use it for spying. Huawei has denied the charges
 "France won't ban Huawei, but encouraging 5G telcos to avoid it: Report")
Buffett's Berkshire to buy Dominion Energy gas assets for $4 billion
Deal will let Berkshire Chairman Warren Buffett reduce his conglomerate's cash pile while letting Dominion focus on utilities operations.
 "Buffett's Berkshire to buy Dominion Energy gas assets for $4 billion")
Covid-19 impact: 10,000 IT professionals may have lost jobs in Q1
Top 10 IT firms of India reduced total headcount by around one percentage point in the last quarter, says industry resource.
 "Covid-19 impact: 10,000 IT professionals may have lost jobs in Q1")