Page 3099 - Company News
Covid-19 crisis: Cipla launches generic remdesivir under brand name Cipremi
The USFDA had issued an Emergency Use Authorization (EUA) to Gilead Sciences Inc for emergency use of remdesivir for the treatment of Covid-19 patients
 "Covid-19 crisis: Cipla launches generic remdesivir under brand name Cipremi")
Lufthansa gears up for showdown with investor over 9-billion-euro bailout
Lufthansa has been hard hit by what is expected to be a protracted travel slump because of the Covid-19 pandemic, forcing it to seek a bailout
 "Lufthansa gears up for showdown with investor over 9-billion-euro bailout")
Manjushree Technopack bets big on inorganic growth, eyes acquisitions
"We are more aggressive than earlier, and we see the Covid-19 crisis as an opportunity to grab some businesses that make sense to us," said Sanjay Kapote, CEO, MTL
 "Manjushree Technopack bets big on inorganic growth, eyes acquisitions")
Lockdown to change consumers habits; drive e-comm growth: Walmart India
With muted economic sentiment, we expect that customers will move towards more value purchases, Walmart India Best Price CEO Sameer Aggarwal said
 "Lockdown to change consumers habits; drive e-comm growth: Walmart India")
RCap debt servicing to be delayed due to rating downgrade by CARE in 2019
CARE had downgraded RCap's long-term debt programme, market-linked debentures and subordinated debt due to delay in payment of interest
 "RCap debt servicing to be delayed due to rating downgrade by CARE in 2019")
Grofers won't foray into liquor delivery biz; says serves families mostly
Other delivery majors like Swiggy and Zomato are already in the delivery of liquor while e-commerce giant Amazon is also set to play in this segment.
 "Grofers won't foray into liquor delivery biz; says serves families mostly")
Arvind Fashions to garner nearly Rs 400 cr through a rights issue
The board has approved the rights issue of up to 3,99,79,347 equity shares of face value of Rs 4 each at an issue price of Rs 100 per equity share
 "Arvind Fashions to garner nearly Rs 400 cr through a rights issue")
Cooking up a storm to make the most of the home-bound consumer demand
RTE-RTC players have ramped up production, distribution, and lapped up the opportunity with both hands for launching new products
Genpact opens up internal learning platform Genome as 'Adapt and Rise'
For now, the company has opened up part of the offering free as it believes that with more people staying at home due to the coronavirus pandemic, the offering will let them upgrade their skills
 "Genpact opens up internal learning platform Genome as 'Adapt and Rise'")
Isro receives patent for protective garment for human spaceflight
The ISRO said that the garment is a close fitting long garment, covering the torso and limbs from neck to toe as a single piece lightweight comfort inner wear over which the flight suit has to be worn
 "Isro receives patent for protective garment for human spaceflight")
Ex-Fortis promoter Malvinder's representation on bail criteria rejected
Singh moved the representation after his plea for interim bail was denied by the high court which gave him liberty to approach the committee if he was aggrieved by the criteria laid down by it
 "Ex-Fortis promoter Malvinder's representation on bail criteria rejected")
Shortage of stock prompts HUL, Tata Consumer to boost tea procurement
A TCPL spokesperson said that the lockdown had impacted the supply of tea to some extent and it was buying from multiple channels, including directly from plantation companies
 "Shortage of stock prompts HUL, Tata Consumer to boost tea procurement")
Unichem, Lupin recall high blood pressure drugs from US over quality issues
The specified batch, which is being recalled, has been manufactured at Unichem's Goa-based facility
 "Unichem, Lupin recall high blood pressure drugs from US over quality issues")
Hetero to launch Covid drug Remdesivir under brand name Covifor in India
Covifor (Remdesivir) will be available in 100 mg vial (Injectable) which has to be administered intravenously in a hospital setting under the supervision of a healthcare practitioner
 "Hetero to launch Covid drug Remdesivir under brand name Covifor in India")
SBI adapts to Covid-19 challenges, upgrades policy to work-from-anywhere
On the business side, the focus of the bank in the days ahead would be on revisiting risk assessment and business procedures in addition to rapid adoption of digital technology, said SBI annual report
 "SBI adapts to Covid-19 challenges, upgrades policy to work-from-anywhere")
Mall developers blink, rework rent for retailers, offer discounts
Phoenix, Inorbit, Brigade offer waiver, discounts
 "Mall developers blink, rework rent for retailers, offer discounts")
Glenmark drug for mild Covid patients hits market, priced at Rs 103 a pill
FabiFlu is generic version of oral antiviral favipiravir; almost 80% patients are mildly sick, market potential for the oral drug is huge
 "Glenmark drug for mild Covid patients hits market, priced at Rs 103 a pill")
NMDC hopes to keep volumes intact in FY21; remains wary about realisations
Brokerages are, however, bearish on iron ore prices in the near term
 "NMDC hopes to keep volumes intact in FY21; remains wary about realisations")
RBI draft guidelines will strengthen HFCs, safeguard investor interest
Most listed mortgage lenders already meet the requirements
 "RBI draft guidelines will strengthen HFCs, safeguard investor interest")
Digitised selling, servicing of insurance get a fillip amid pandemic
Insurers have made a leap from manual paper-bound process to end-to-end paper-less or digital-based selling through all the channels of distribution
 "Digitised selling, servicing of insurance get a fillip amid pandemic")