Page 3122 - Company News

Hyderabad's Raghav Life Sciences develops Favipiravir for Covid-19 patients

Firm says it has been in talks with at least eight buyers, including a few overseas companies, to supply the anti-retroviral drug

Sun Pharma begins phase II clinical trial on dengue drug for Covid-19

This is the first phytopharmaceutical drug (plant based) that the country's drug regulator has approved for clinical trials for Covid-19.

Silver Lake, co-investors to put additional Rs 4,546.80 cr in Jio Platforms

This brings the aggregate investment by Silver Lake and its co-investors to Rs 10,202.55 crore

DLF remains a leader in realty space, but losing its heft to younger peers

DLF's difficulty to grow in past decade shows in its profit and loss account

Changing business environment prompted K P Singh to step down as DLF chief

According to him, emergence of a new and highly competitive business environment is the new reality

Atlas Cycles shuts manufacturing unit in Sahibabad amid lack of funds

The company shut the factory on June 3, which ironically was also the World Bicycle Day

Microsoft helping retail clients deal with post-lockdown world, says COO

Planning for a post-lockdown world, retailers have realised that competiton will be high and customer needs will shift.

Non-disclosure of monthly sales data irks Tata Motors' investors

All listed automobile manufacturers in India follow the practice of monthly disclosure of volumes

Bombay High Court allows domestic airlines to fill up middle seats

The HC issued the order on Friday while hearing a petition filed by Air India pilot Deven Kanani who said social distancing was not being maintained on flights as the airline was filling up all seats.

Ola commits Rs 500 cr for safe mobility drive globally due to Covid-19

The company has set up a network of over 500 fumigation centres across the country at various hotspots and airports to enable mandatory fumigation for all vehicles every 48 hours

JSL witnesses rebound, export orders approach pre Covid-19 levels

Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes

Not looking to monetise investments to raise capital: Tata Sons chairman

Tata Group, like all other companies, is facing both challenges and opportunities arising out of the coronavirus pandemic and resulting economic situation

WeWork Global to invest $100 mn in India business to help boost growth

WeWork said the Covid-19 pandemic has accelerated the shift to flexible workspaces, with businesses of all sizes looking to manage cash-flows effectively by moving costs to a variable model

Bharat Petroleum Corp makes a loss of Rs 2,958 crore in Q4

As crude oil prices tanked globally, owing to a slowdown in industrial activity and demand, BPCL was forced to value finished goods inventory and raw materials at below cost.

Adar Poonawalla-backed startup h2e Power acquires Swiss company Hexis AG

The Viessmann Group is one of the largest integrators of heating systems in Europe

Biocon MD Kiran Mazumdar-Shaw named EY World Entrepreneur Of The Year

The Biocon MD was picked from among 46 nominations from 41 countries

Need to take inventory write down of Rs 1,456 cr over Covid-19, says CPCL

Lower demand for crude oil and petroleum products had impacted the prices and refining margins of the company

Ola commits Rs 500 cr to enable safe mobility for citizens, driver-partners

As a large number of major cities saw operations resuming on the Ola app in the last week, Ola has set up a network of over 500 fumigation centres across the country at various hotspots and airports

Discoms' debt to hit an all-time high of Rs 4.5 trillion by FY21: Crisil

Higher costs and constrained cash inflows amid declining demand mean the per-unit operating gap of discoms will widen to 83 paise per unit by the end of this fiscal

IL&FS Transportation reports Rs 17,000 cr loss in FY20 amid lockdown

During the last fiscal, the company saw a sharp decline in its standalone total income to Rs 786.24 crore, as against Rs 4,709.48 crore in the year-ago fiscal.