Page 3113 - Company News
American Express pledges Rs 9 cr to help those combating Covid-19 in India
The grants will help provide protective equipment to frontline healthcare workers, support the development of vaccines and research and help feed people
 "American Express pledges Rs 9 cr to help those combating Covid-19 in India")
Maruti Suzuki launches Celerio S-CNG in India, price starts at Rs 5.36 lakh
The Celerio S-CNG variants are priced at Rs 5.36 lakh, Rs 5.61 lakh and Rs 5.68 lakh.
 "Maruti Suzuki launches Celerio S-CNG in India, price starts at Rs 5.36 lakh")
Netflix in talks with RIL; to source Indian content from Viacom18: Report
Under the partnership, Network18 affiliates - which include its joint venture with ViacomCBS, Viacom18 - would create shows for Netflix to help the US firm expand offerings in India
 "Netflix in talks with RIL; to source Indian content from Viacom18: Report")
Post lockdown, UP green panel shuts 50% capacity of Kanpur tanneries
Issues monthly roster for tanneries to operate for 15 days each by rotation
 "Post lockdown, UP green panel shuts 50% capacity of Kanpur tanneries")
HCL's Covid-19 response centre gets 250,000 queries, 60% related to food
The 'all-in-one' control room, which can be reached on toll free number 18004192211, was set up by HCL at one of its facilities in Noida
 "HCL's Covid-19 response centre gets 250,000 queries, 60% related to food")
Now, you can use Vodafone-Idea cellular services on supported Apple Watches
This service is available for Vodafone Postpaid customers, including Enterprise Postpaid, in Mumbai, Delhi and Gujarat
 "Now, you can use Vodafone-Idea cellular services on supported Apple Watches")
Clix Capital eyes majority stake in cash-starved Lakshmi Vilas Bank
Talks between the private lender and digital-lending NBFC are in advanced stages; letter of intent may be furnished next week
 "Clix Capital eyes majority stake in cash-starved Lakshmi Vilas Bank")
Amazon faces escalating European Union antitrust probe into sales data
The complaint is expected to lay out investigators' evidence into Amazon's alleged misuse of merchants' data on the online sales platform
 "Amazon faces escalating European Union antitrust probe into sales data")
HDFC plans to raise up to Rs 4,000 cr via bonds; stock ends 1.25% lower
The issue, set to close on the same date (June 15), will offer coupon rate of 7.25 per cent per annum payable annually. The date of redemption is June 17, 2030.
 "HDFC plans to raise up to Rs 4,000 cr via bonds; stock ends 1.25% lower")
Out-of-pocket expenses set to fall for policyholders after new Irdai rules
Now insures have to define the associate medical expenses which will be deducted proportionately if a person opts for a higher room category than the category that is eligible
 "Out-of-pocket expenses set to fall for policyholders after new Irdai rules")
Gambhir leaves Godrej Consumer Products with serious challenges to tackle
The company has lagged peers in earnings, stock returns in the outgoing MD's tenure
 "Gambhir leaves Godrej Consumer Products with serious challenges to tackle")
Average monthly rating downgrades rise 22% amid Covid-19 pandemic: ICRA
The rating agency said that from its rated portfolio, while the number of downgrades has increased, upgrades have nearly dried up
 "Average monthly rating downgrades rise 22% amid Covid-19 pandemic: ICRA")
Indian Hotels: Despite cost cuts, low occupancies make operations unviable
The situation post March has turned for the worse with occupancies (quarantine, medical staff) at around 20 per cent levels, indicated analysts
 "Indian Hotels: Despite cost cuts, low occupancies make operations unviable")
Revised Wockhardt deal boosts prospects of Dr Reddy's India business
The company, according to its new strategy, is focusing on growing its India-based branded products
 "Revised Wockhardt deal boosts prospects of Dr Reddy's India business")
SC asks Airtel, Vodafone Idea for road map on payment of AGR dues
The apex court questioned the Department of Telecommunications on the AGR demands raised against the public sector undertakings. The court said its order never dealt with PSUs.
 "SC asks Airtel, Vodafone Idea for road map on payment of AGR dues")
Mukesh Ambani gets 552,000 shares in RIL rights issue, company says
Ambani's firm had on April 30 announced fundraising of Rs 53,124 crore by way of a 1:15 rights issue -- India's biggest and the first such issue by the firm in nearly three decades
 "Mukesh Ambani gets 552,000 shares in RIL rights issue, company says")
Allowing 75% of TCS staff to WFH by 2025 a guesstimate: N Chandrasekaran
The firm said it was rewiring its security processes, and deploying artificial intelligence and bots to ensure there is no data leakage in its pursuit for providing seamless work from home experience.
 "Allowing 75% of TCS staff to WFH by 2025 a guesstimate: N Chandrasekaran")
Tata group's IHCL to foray into home delivery of food and beverages
The Tata group's hospitality arm posted an over 24 percent jump in net profit for the year ended March at Rs 363.74 crore, as compared to Rs 296.12 crore in the previous fiscal.
 "Tata group's IHCL to foray into home delivery of food and beverages")
Uber India chief Pradeep Parameswaran to lead Asia-Pacific operations
Parameswaran will take charge of the new job on June 19. He will oversee Uber's rides business in India, Bangladesh, Sri Lanka, South Korea, Japan, Taiwan, Hong Kong, Australia, and New Zealand.
 "Uber India chief Pradeep Parameswaran to lead Asia-Pacific operations")
India test bed for key innovations: Uber India's Pradeep Parameswaran
Parameswaran talks to Surajeet Das Gupta about the challenges he faced and India's R&D capability.