Page 3097 - Company News

Patanjali to launch ayurvedic drug for Covid-19, claims cure within 14 days

Balkrishna had earlier this month claimed that an Ayurvedic medicine developed by the company has been able to cure Covid-19 patients within 5-14 days

Gilead aims remdesivir supply for 2 million Covid-19 patients by year-end

The company also said it hoped to start trials in August of an easier-to-use inhaled version of the medicine, currently administered only intravenously

Commercial realty will see lower rents, emergence of new tenants this year

There are reports of large tech firms looking at downsizing office space

We will continue with China operations, says JMD, Sundram Fasteners

The China facility is running profitably and manufactured fasteners, bearing housings and castings, and the company had invested adequately for the current level of operations there, Krishna said

Commercial mining won't hit Coal India, says CMD even as unions plan strike

Coal India asserts monopoly as mine-bearing states protest coal auction

Agri demand gives tyre maker Balkrishna Industries firm grip in FY21

Gain in market share, strong balance sheet are other positives

Gold finance stocks: Recent rally increases risk; wait for a better entry

Rally factors in strong performance of Muthoot and Manappuram

RIL flexes muscle in benchmark indices, stock now makes up 15% of Sensex

Price more than doubles from March lows, when it accounted for 9.2%

Railway freight shows signs of revival; cement traffic up 18% in June

In April and May, the Railways saw a subdued freight loading at about 70% of what it was in 2019

Reliance Industries to hold virtual annual general meeting on July 15

On Monday, the RIL also fixed July 3 the 'Record Date' for the purpose of determining the members eligible to receive dividend for 2019-20.

Glenmark Pharma gets a booster shot with launch of oral Covid-19 drug

Limited revenue visibility is restricting analysts to upgrade earnings even as they have upped the PE multiple for the stock

Apple unveils phone-based car keys, new features at developer conference

The new system, which also lets users share digital car keys with friends and family members via the company's iMessage system, will work with BMW 5 Series vehicles

Covid-19: Gilead targets 2 million remdesivir courses by year-end

The company also said it planned to start trials of an easier-to-use inhaled version of the antiviral drug, currently administered only intravenously

Tractor makers buck the slowdown, expect volumes to increase 5-10%

Prospects of a normal monsoon and an expanded government food programme are helping in a modest recovery

Eveready betting on anti-China wave to boost flashlights business

A recent survey conducted by LocalCircles showed that 58% of respondents are willing to boycott Chinese firms while 42% want heavy import duties on Chinese goods to discourage their influx

J&J sets aside fairness business to stand with #BlackLivesMatter movement

Now with J&J taking its brand out of the game, other brands have a larger slice of the pie to carve out, but is there a risk in doing that?

Finding alternatives to China not easy, caution auto manufacturers

Bajaj Auto and its suppliers source components, including alloy wheels and transmission components worth Rs 1000 crore from China

ClearTax to enter SME lending biz this fiscal, may tie up with banks, NBFCs

Company's business has come back to 70% of pre-Covid level now

Milkbasket raises $5.5 mn in Inflection Point-led fresh funding round

According to Milkbasket, its Gurgaon, Noida and Bengaluru operations are already breaking even with other cities on an accelerated track

54 employees test positive, ONGC halts operations at two drilling rigs

A company official said work stopped temporarily only at two rigs and the remaining 34 in the offshore were operational. He added there was no impact on the company's production.