Page 3108 - Company News

Delhi discoms record up to 90% rise in digital payments during lockdown

In April and May, zero-cash bill payments were made due to lockdown restrictions

Start-ups tap technology to get malls, hotels back on track amid Covid fear

Start-up companies are assisting businesses to conform to the government's 'social distancing' norms and insulate their air conditioning systems from the shock of virus

Job losses in dealerships could be worse than 2019's auto slowdown: FADA

Between May and July last year, the automobiles dealerships across the country shed around 200,000 jobs to tide over the impact of an unprecedented sales slump

Contracts to outsourcing: How Covid-19 may disrupt India's IT sector

Cornavirus pandemic likely to push the sector to bring in changes to operating and delivery models.

Jio fundraising tops Rs 1 trillion as TPG, L Catterton invest Rs 6,441 cr

The valuation of the deals is in line with recent transactions pegging Jio's equity value at Rs 4.91 trillion and enterprise value at Rs 5.16 trillion

AGR dues: MFs receive interest payment from Vodafone ahead of SC hearing

Franklin Templeton MF, which had exposure to the debt papers of the company in six of its schemes (that are being wound up), also received payment.

BHEL reports Rs 1,532 cr loss in Q4 on lower revenues and deferred tax

The company had posted a consolidated net profit of Rs 680.77 crore in the quarter ended March 2019, it said in a BSE filing.

GMR inks pact with Andhra govt to develop greenfield airport near Vizag

GMR won the bid by offering to pay Rs 303 per passenger fee

ArcelorMittal to invest Rs 2,000 cr in Odisha, says Lakshmi Mittal

Mittal said, the company would work on the two iron ore mines- Sagasahi and Thakurani in Odisha

Infra firm HCC's total default to 14 creditors amounts to Rs 728.40 cr

Total financial indebtedness of the firm amounted to Rs 10,427.59 cr

Jet's office in Mumbai's BKC put up for sale, reserve price Rs 490 cr

Property has about 169,983 sq ft saleable area; auction on June 26, EMD set at Rs 25 cr

Dr Reddy's joins other Indian firms to make Remdesivir under Gilead licence

DRL to receive technology transfer from Gilead and would need to scale up manufacturing and obtain regulatory approvals from 127 countries for marketing the drug

With little access to doctors, drug firms go digital to stay relevant

The rise of e-pharmacies and tele-consultations during Covid-19 has made it easier for healthcare companies to access patient pools

Amid cash crunch, new-age lenders reach out to help early-stage start-ups

Lenders are looking at 'innovative' lending terms such as cash conversion cycle and revenue-linked repayment models to reduce their risks

Second deal in a day for Jio Platforms: L Catterton to invest Rs 1894.5 cr

Jio Platforms has now announced a combined investment of Rs 104,326.95 crore in 10 deals since April 22

Assam blowout: India ropes in American expertise to put out the fire

In Saturday's meeting, the US side shared their experience in dealing with similar gas blowout incidents in the US

TPG to invest Rs 4,547 cr; Jio Platforms fund raising crosses Rs 1 trillion

This is the eighth deal announced by RIL in the last two months

Tata Motors to acquire Jayem Automotives stake in JT Special Vehicles

JTSV will become a wholly owned subsidiary of Tata Motors, following the completion of the procedural requirements

Walmart hand-holds small Indian firms reinventing themselves amid pandemic

As the Coronavirus outbreak hits small enterprises, many of them are pivoting businesses to tap new opportunities in the post-Covid-19 world

Dr Reddy's inks pact with Gilead to manufacture, market Remdesivir in India

Dr Reddy's would need to scale up manufacturing and obtain regulatory approval for marketing of this drug in respective countries, the company said