Page 3093 - Company News

Covid-19 impact: Vistara announces 5-20% pay cut for 40% employees till Dec

The aviation sector has been hit hard by the pandemic and all airlines in India have resorted to cost-cutting measures like pay cuts to survive the crisis

IRCTC keeps order to terminate over 500 supervisors till further notice

Days after issuing an order asking its zonal offices to terminate services of over 500 contractual hospitality supervisors, IRCTC has now decided to keep the order in abeyance till further notice.

Food delivery app Swiggy launches its own digital wallet with ICICI Bank

Food delivery platform Swiggy on Tuesday launched its own digital wallet to enable single-click checkout experience on its platform.

Global supply chain to shift, low imports from China will benefit: Raymond

Raymond is also looking at long-term funding and alternate working capital availability to manage liquidity as business restarts with gradual easing of lockdown

Ola introduces in-app 'tipping' facility for customers to reward drivers

Ola rolled out new cashless 'tipping' functionality that enables customers to voluntarily reward drivers for going the extra mile to deliver a safe ride experience amid the Covid-19 pandemic.

Pharmaceuticals body seeks faster clearances of imported goods at ports

A senior official of the ministry of commerce said most of the goods that have to be cleared by the customs came from China

Have not shared any info of Indian users with Chinese govt: TikTok on ban

The app is not available for downloads on any official app distribution platform in India

ITC's better Q4 fails to fully convince the street; stock rises just 1%

While high hopes from non-cigarette FMCG, higher dividend payout and strong free cash flows are positive, multiple headwinds for key cigarette business

Govt eases air travel norms for persons recovered from coronavirus

The ministry said the rule was being updated so that cured people don't face hardship in travelling by flights

AirAsia, GoAir eye revenue growth from charter flights amid Covid-19

Although limited in number, charters are lucrative for airlines

Jio adds 6.25 mn users, Vodafone Idea loses 3.5 mn in February: Trai

Subscribers of Bharti Airtel and Bharat Sanchar Nigam Ltd (BSNL) rose by 922,946 and 439,318, respectively.

Auto companies say disruptions in Chinese imports will hurt their recovery

Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).

Covid-19 crisis: Bharat Biotech's vaccine gets nod for human trials

The SARS-CoV-2 strain was isolated at National Institute of Virology (Pune), an institute under the ICMR, and transferred to Bharat Biotech.

Steel makers not out of the woods yet as demand and margin issues persist

Anti-dumping duty on Galvalume steel is positive but more is required to boost the sector ailing

Coal India ups investment to Rs 15,700 cr to boost mechanised transport

Plan encompasses 14 additional projects from its earlier count of 35

Bharat Forge's March results hit as key segments face multiple headwinds

Analysts expect the M&HCV segment to fall by another 13-15% in FY21

Covid-19 impact: MNCs strike big rental deals despite work from home push

RMZ, one of the biggest owners of office properties in southern India, has done a handful of lease rental deals with global firms in recent weeks.

Q4 a red quarter for most of India Inc despite just seven days of lockdown

Except for finance and software players, companies report a combined loss of Rs 2,700 crore in Q4, the first in at least 24 quarters

Digital strike: India bans 59 Chinese mobile apps on security threat

Experts say now service providers may be told to block IP addresses

China top buyer of Indian steel under lockdown, accounts for 48% exports

Icra says in first two months of the current fiscal, Indian finished steel exports grew 76% YoY, and that China alone accounted for close to 60 per cent of this increase