Page 3117 - Company News
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")
Sufficient liquidity at present; no asset impacted by Covid-19: L&T
About ability to service debt and other financing arrangements, L&T said it has a relatively low debt equity ratio of 0.49:1 as on March 31, 2020
 "Sufficient liquidity at present; no asset impacted by Covid-19: L&T")
Vedanta cuts aluminium cost by 20% in Q4 amid coronavirus pandemic
The company aims to commence mining from this Jamkhani block within a year of getting the requisite approvals from the state authorities
 "Vedanta cuts aluminium cost by 20% in Q4 amid coronavirus pandemic")
Pre-owned cars strike chord with customers as lockdown eases: CARS24
The preferred top five models in pre-owned cars continue to be Maruti Suzuki Swift, Hyundai Santro Xing, Hyundai Grand i10, Honda City and Maruti Suzuki Swift Dzire
 "Pre-owned cars strike chord with customers as lockdown eases: CARS24")
Edible oil firms to buy seeds directly from empanelled farmers and APMCs
Large and mid-sized firms are likelt to save some costs using this mechanism, some of which will be passed on to farmers
 "Edible oil firms to buy seeds directly from empanelled farmers and APMCs")
BHEL commissions 270 mw thermal plant in Telangana's Bhadradri Project
Located at Manuguru in Kothagudem district of the state, the project was awarded to BHEL by Telangana State Power Generation Corporation Limited (TSGENCO), the company said in a statement
 "BHEL commissions 270 mw thermal plant in Telangana's Bhadradri Project")
Flipkart starts voice assist in multiple languages to make shopping simpler
The voice assistant will enable consumers to discover and buy products easily using voice commands in multiple languages, starting with Hindi and English
 "Flipkart starts voice assist in multiple languages to make shopping simpler")
Voda Idea jumps 129% in 10 days; should you buy? Here's what experts say
Listen to the podcast to know what Ambareesh Baliga and Abhishek Karande said on the reason behind the phenomenal surge and what should investors do at this point
 "Voda Idea jumps 129% in 10 days; should you buy? Here's what experts say")
Battery maker Amara Raja to go ahead with Rs 350 crore capex on production
Company says it saw demand picking up in May and has managed coronavirus crisis well.
 "Battery maker Amara Raja to go ahead with Rs 350 crore capex on production")
Life insurers note 25% drop in new business premiums in May due to Covid-19
In the first two months in FY21, NBP of life insurers dropped almost 30%
 "Life insurers note 25% drop in new business premiums in May due to Covid-19")
DLF-GIC joint venture reports 15% increase in rental income in FY20
As per the presentation, the DCCDL's net profit dropped to Rs 1,317 crore last fiscal from Rs 1,400 crore in 2018-19
 "DLF-GIC joint venture reports 15% increase in rental income in FY20")
In-home consumption of biscuits, salty snacks increases amid lockdown
According to a research by UK broking house, Investec Securities, in the near term, out of home consumption is expected to take a back seat as the lockdown keeps more people at home
 "In-home consumption of biscuits, salty snacks increases amid lockdown")
Fuel prices hiked for third straight day; petrol costlier by 54 paise
This is the third daily increase in rates in a row. Oil companies had on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus
 "Fuel prices hiked for third straight day; petrol costlier by 54 paise")
Online used car seller Vroom raises $467.5 million in upsized US IPO
Vroom priced its IPO at $22, above the initially marketed range of $18 to $20
 "Online used car seller Vroom raises $467.5 million in upsized US IPO")
Film business hit, Inox Leisure reports net loss of Rs 82 cr in Q4 FY20
Inox Leisure's total expenses fell 3.39 per cent to Rs 396.98 crore during the fourth quarter as against Rs 410.93 crore a year ago
 "Film business hit, Inox Leisure reports net loss of Rs 82 cr in Q4 FY20")