Page 3105 - Company News

NMDC PBT drops by 33% to Rs 1,482 cr in Q4, PAT dips 76% to Rs 351 cr

The company's production of iron ore during the fourth quarter was 9.47 million tonnes (MT) as against 10.5 MT in the corresponding period of the previous year, registering a decrease of 11 per cent

HPCL posts loss before tax of Rs 2,653 crore for Q4 on inventory woes

The consolidated profit before tax for 2019-20 dropped 86 per cent to Rs 1,374 crore compared to Rs 10,039 crore during the fourth quarter of 2018-19

Tata Communications: Surge in traffic, digitisation trends to power revenue

Surge in traffic and digitisation trends to power revenues

Resilient portfolio may help P&G Hygiene recover faster than peers

However, high valuation may restrict immediate gains for the stock

ICICI Lombard pares waiting period, adds home care facility in health plans

Waiting period for bew customers reduced from 30 days to 15 days for covid-related claims with no hike in premium. Claims related to other illness will still have a 30-day waiting period

A slew of health and wellness products to be rolled out soon: ITC's Sumant

B Sumant, executive director, ITC, tells that the company has always been 'vocal for local'

Race for digital-first film releases hots up on OTTs after Gulabo Sitabo

Both Disney+Hotstar and Netflix are said to have been in talks with producers for a few months now, given the rising competitive intensity

How the shift in purchase behaviour calls for an overhaul in branding

As consumers make the slow march to normalcy, brands will be forced to rethink their category presence, purpose, and pricing strategies

European Union opens two antitrust probes against Apple's app store

The EU's executive Commission said it launched a formal investigation of Apple Pay over allegations that the US tech giant refuses access to the payment system in some cases

SoftBank to sell T-Mobile shares worth $41 billion after record losses

SoftBank said it may sell some of its stake through private placements or public offerings, adding that there is no assurance a final deal will be reached

Swiggy unveils 'Jumpstart Package' to assist restaurants in resuming ops

Swiggy said important elements such as safety kits required for implementing hygiene protocols, and business booster programmes that improve visibility will be offered at heavily subsidized rates

Standard Life to sell 2.8% stake in HDFC AMC through offer for sale

At floor price, the OFS can fetch over Rs 1,400 crore

HCL Tech starts Sri Lanka operations, aims to create over local 1,500 jobs

A key part of firm's business development strategy there will be to use local talent pool of for global assignments

Textile exports plunge 73% in Apr-May on domestic, overseas lockdowns

The sharp decline has impacted entire value chain of cotton farmers, ginners, spilling mills, fabric makers and textile and apparel producers

Rural Fintech startup Jai Kisan raises Rs 30 cr from NABARD-backed fund

Over the past 6 months, Jai Kisan has disbursed over Rs 50 crore in loans of top tier credit quality to a diverse set of 5,500-plus borrowers from various income groups across 10 states

Sugar sector eyes relief package from Centre amid Covid-19 headwinds

The sugar industry has estimated consumption to fall by 0.5 million tonnes (MT) in the current season owing to the lockdown and the steep fall in institutional sales of sugar

Lockdown woes: Mining shrinks 27%, manufacturing falls 64% in April

Industries such as vehicles, furniture, leather, tobacco, electrical equipment and fabricated metals recorded a contraction of more than 90 per cent during the month

HCL Tech starts operations in Sri Lanka; to create over 1,500 jobs

A key part of HCL's business and development strategy in Sri Lanka will be to use local talent pool in the country for global assignments

Dry fruit prices fall 20% on low demand due to lockdown, US-China tensions

According to traders, the highest decline in dry fruits has come in almonds, cashew and pistachios. There is not much difference in the price of other nuts like walnuts, figs, raisins

Beenext raises $160 mn; to focus on Indian start-ups tapping post-Covid era

The Singapore-based venture capital firm plans to allocate 50% of the fund exclusively for the Indian start-up ecosystem