Page 3116 - Company News
Titan's Q4 margin surprise fails to impress over pressure in jewellery biz
Expectations of margin pressure, mainly in jewellery business, which contributes over 80% of Titan's overall operating profit, is a key reason why the Street is worried.
 "Titan's Q4 margin surprise fails to impress over pressure in jewellery biz")
IBM drops facial recognition software amid racial profiling concerns
Krishna on Monday sent the letter to Congress outlining detailed policy proposals to advance racial equality in America
 "IBM drops facial recognition software amid racial profiling concerns")
Cathay Pacific unveils $5-bn bailout plan amid coronavirus pandemic
Cathay Pacific proposed the bailout as it struggles to survive the near collapse of regional travel due to the pandemic
 "Cathay Pacific unveils $5-bn bailout plan amid coronavirus pandemic")
Telecom sector may remain three-player market, Vodafone Idea seen surviving
ARPU gains, hopes of government intervention and upgrades for Vodafone Idea strengthen Street's view
 "Telecom sector may remain three-player market, Vodafone Idea seen surviving")
NCLT approves a resolution plan for Aircel; UVARCL likely to get assets
When contacted, the resolution professional refused to comment on the order
 "NCLT approves a resolution plan for Aircel; UVARCL likely to get assets")
Covid-19 crisis: Maruti Suzuki production fell by 98% in May to 3,714 units
Maruti had first resumed production at its Manesar plant in Haryana on May 12 after closing down production for about 40 days
 "Covid-19 crisis: Maruti Suzuki production fell by 98% in May to 3,714 units")
Vivek Gambhir resigns as GCPL managing director, Nisaba Godrej to take over
A former partner at Bain and Co in India, Gambhir, 51, joined the Godrej Group in 2009
 "Vivek Gambhir resigns as GCPL managing director, Nisaba Godrej to take over")
6 PSUs now 'fallen angels' after India's sovereign rating cut: Moody's
These six include Indian Oil Corporation, Hindustan Petroleum Corporation, Oil India, Petronet LNG, Bharat Petroleum Corporation and Oil and Natural Gas Corporation, the ratings agency said
 "6 PSUs now 'fallen angels' after India's sovereign rating cut: Moody's")
Amul raises a virtual storm amid rising sentiment against Chinese products
The homegrown dairy brand finds huge support online, as it plays into the rising sentiment against Chinese products. But has it overplayed its hand?
 "Amul raises a virtual storm amid rising sentiment against Chinese products")
New business premium of life insurance companies declines 25% in May
For the most part of April and May, the country was in a lockdown and businesses found it difficult to conduct their operations, despite some relaxations from the government
 "New business premium of life insurance companies declines 25% in May")
Bharti Airtel arm picks up 6.3% stake in Dhaka-based telcom firm
Deal value not known; Robi is the second largest mobile network operator in Bangladesh
 "Bharti Airtel arm picks up 6.3% stake in Dhaka-based telcom firm")
Bed sheets to immunity herbs and spices: Amazon helps Indian cos go global
Amazon's Global Selling programme is clocking more than $1 bn in cumulative exports currently, is expected to generate $10 bn in cumulative sales by 2025 for Indian exporters
 "Bed sheets to immunity herbs and spices: Amazon helps Indian cos go global")
My father spent a year's salary for my ticket to US: Google CEO Pichai
The 47-year-old recounted the challenges he faced when he left India to pursue his studies at Stanford University in US
 "My father spent a year's salary for my ticket to US: Google CEO Pichai")
Vedanta's Anil Agarwal seeks PM's help to reopen copper plant in Tuticorin
Agarwal said that the closure of the plant two years back has led to a surge in copper imports, defeating the purpose of Aatmanirbhar Bharat campaign
 "Vedanta's Anil Agarwal seeks PM's help to reopen copper plant in Tuticorin")
Covid-19 impact: Maruti Suzuki cut production by 98% in the month of May
The company had produced a total of 1,51,188 units in the same month last year
 "Covid-19 impact: Maruti Suzuki cut production by 98% in the month of May")
Over half of India Inc's Covid-19 spends went to PM-CARES Fund: Crisil
Concerns about transparency have been expressed about the PM-CARES Fund
 "Over half of India Inc's Covid-19 spends went to PM-CARES Fund: Crisil")
Covid-19 has material impact on healthcare services ops: Apollo Healthcare
Apollo Hospitals said it is still evaluating the full impact of the current situation on its business and will continuously calibrate responses to the Covid-19 situation as it evolves
 "Covid-19 has material impact on healthcare services ops: Apollo Healthcare")
Adani wins world's largest solar project order; to invest Rs 45,000 cr
The first 2 GW of generation capacity will start by 2022, with the rest installed in 2-GW annual increments through 2025, Adani said
 "Adani wins world's largest solar project order; to invest Rs 45,000 cr")
PNB buys 3 Audi cars worth Rs 1.34 cr for management amid Covid-19 crisis
Interestingly, the secretaries in the union government and even Cabinet ministers use Maruti Suzuki Ciaz, much less expensive than German car Audi purchased by PNB
 "PNB buys 3 Audi cars worth Rs 1.34 cr for management amid Covid-19 crisis")
PayNearby disburses over Rs 6,000 cr of DBT transactions during Apr-May
PayNearby said it witnessed a 127 per cent rise in customer base during April-May vis-a-vis pre-lockdown months
 "PayNearby disburses over Rs 6,000 cr of DBT transactions during Apr-May")