Page 3125 - Company News

Air passenger traffic in India may fall 45-50% in FY21 over Covid-19: ICRA

It also said the aviation infrastructure industry is amongst the most severely impacted by the Covid-19 crisis and the setback is expected to be substantial in the near term

Ready to fund stalled projects of Amrapali Group: SBICAP to Supreme Court

A bench of Justices Arun Mishra and U U Lalit was told by counsel appearing for SBICAP Ventures that it would apprise the court about its concrete proposal by next week

CPCL plans 9 MMTPA expansion at Cauvery Basin Refinery on JV basis

IOCL and CPCL to jointly hold 50% stake in JV, rest to come from financial, strategic and public investors

Air India to operate 75 passenger flights to US, Canada between June 9 - 30

Domestic passenger flights resumed in India from May 25 after a gap of two months due to the coronavirus-triggered lockdown

Global air passenger travel plunges 94.3% in April due to Covid-19: IATA

"This is a rate of decline never seen in the history of IATA's traffic series, which dates back to 1990," said a press release by the organisation that has around 300 airlines as its members

State-owned NLC India raises Rs 1,200 cr by issuing commercial papers

The commercial papers were issued in favour of investors like State Bank of India and ICICI Bank.

Amara Raja Group announces pay cut to employees amid Covid-19 crisis

Amara Raja Group Promoters holding the office of Managing Director in various businesses have voluntarily agreed for up to 50 per cent reduction in their total remuneration for the current fiscal

Cholamandalam PBT down 88% to Rs 57 cr on one-time provision of Rs 504 cr

Disbursements were down 36% in Q4 due to Covid-19 lockdown, due to which full-year disbursement dropped by 4%

Aurobindo Pharma Q4 PBT rises 32% to Rs1077.51 cr over higher revenue

Revenues from operations for the quarter under review registered 16.4% growth at Rs 6158.43 crore as compared to Rs 5324.47 crore in the year ago period

GVK Group cuts salaries by up to 30% from May as Covid-19 impacts business

The diversified group, which is into energy, resources, airports, transportation, hospitality and life sciences sectors, has around 1,800 workforce

Trai removes clause requiring 50 paise charge on SMS beyond 100 per day

This means operators will have a free hand in fixing charges for such bulk SMSes by non-commercial users, and Trai's practice of forbearance will extend to such messages too, an official explained

Covid-19 slows Britannia's total foods journey as biscuits get priority

Plans to scale up its croissants and salted snacks offerings put on backburner

SAIL stops operations at corporate office after staff test corona positive

Infected employees asked to home quarantine; govt-appointed agency engaged to do fumigation at firm's headquarters at Delhi's Lodhi Road

Covid-19 to accelerate adoption of automation technologies, says Nasscom

The report cited sewing machine operators, graders and sorters of agricultural products as examples of completely automatable occupations

Coal India output falls 11% to 41 MT in May, coal offtake up at 39.95 MT

Coal India accounts for over 80 per cent of domestic fuel output

Microsoft launches new programme to empower agritech startups in India

Startups with enterprise-ready solutions can scale quickly with joint go-to-market strategies, technical support and new sales opportunities with Microsoft's partner ecosystem

Huawei hid biz operation in Iran after media reported links to Skycom CFO

Documents obtained by Reuters show how the Chinese tech titan effectively controlled Skycom

Arvind Envisol, Hong Kong-based EPIC group sign pact for effluent treatment

The two firms aim to reduce environmental footprint across EPIC Group's factories in Bangladesh, Vietnam, Ethiopia, Jordan and future projects in India

Amazon India expands packaging-free shipping initiative to over 100 cities

Products that are shipped packaging-free include tech accessories, home and home improvement products, shoes, and luggage

India IT spending to fall 8% this year due to Covid-19, first fall in 5 yrs

Devices and data centre systems may see steepest spending declines, at -15.1% and -13.2%, respectively