Page 3126 - Company News

Domestic capital goods companies seek price preference policy from Centre

Companies like Siemens suggest the government needs to reduce the cost of doing business to ensure domestic firms grow

IndiGo posts Rs 1,290 crore pre-tax loss in Q4 amid Covid-19 lockdown

Although unsure of revival in demand, Chief Financial Officer Aditya Pande said there was a slight uptick in forward bookings after the lockdown was relaxed.

Retailers to gain from easier norms, recovery longer for malls, multiplexes

The relaxation also comes as a relief given that consumption segments were impacted by the slowdown even prior to Covid-19

Domestic sugar production, opening stock expected to be higher next season

With the malls and restaurants being allowed to open under unlock 1.0, the sugar demand will further rise.

Coal India's volumes fail to pick up in May, earnings likely to decline

With the start of some economic activity and a slight pickup in power demand, some increase was expected in the company's coal volumes in May

IndiGo: Near term outlook to be tough; weak demand, higher costs to weigh

The challenge for IndiGo as highlighted by the management is to manage cash and liquidity rather than look at profitability and growth

Anil Ambani-promoted RInfra's total default pegged at Rs 3,315 crore

In notes to its consolidated results for FY20, the list of debt on which it has defaulted, or has delayed payments, includes 33 different lenders and non-convertible debenture (NCD) series.

Capacity utilisation stands at 90% of pre-Covid levels: Hindustan Unilever

All its factories and warehouses are open, barring the one in Assam.

Covid-19: Helping rural Bihar and UP get free vouchers to buy green power

Smart Power India (SPI), an initiative of Rockefeller Foundation, has begun a voucher system for power consumers in 32 villages of Bihar and Uttar Pradesh

Covid-19 impact: AirAsia India slashes pilots' salary by 40% for May, June

Employees getting a salary of Rs 50,000 per month or less have been spared of the move

Tata Motors resumes operations across all its manufacturing plants

The company has restarted operations at all plants with Jamshedpur facility also getting approval on May 27, Tata Motors said in a regulatory filing.

Zydus Wellness' Q4FY20 PBT rises 24% to Rs 61.47 cr, total income grows 15%

According to Zydus Wellness, the Covid-19 pandemic and the subsequent lockdown disrupted the supply chain and virtually no sales were reported in the later part of March 2020.

Covid-19 crisis: Indian drug companies yet to get nod to market remdesivir

The USFDA granted remdesivir an emergency use authorization for the treatment of hospitalized patients with severe Covid-19

Paytm claims telcos not preventing phishing; HC seeks Centre, Trai response

A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Ministry of Communication, Telecom Regulatory Authority of India and major mobile service providers

RIL rights issue oversubscribed nearly 1.3 times with one day still to go

Reliance Industries Ltd's Rs 53,124 crore rights issue, which has already been oversubscribed, on Tuesday received further bids for 8.8 crore

DoT meets telcos to check preparedness as cyclone Nisarga approaches

This would be the first cyclonic storm to impact India's financial capital, which has logged over 41,000 coronavirus cases so far, since 1882

Covid-19 impact: Moody's downgrades 8 Indian firms and 3 banks

Moody's affirmed the issuer rating of Reliance Industries but revised the outlook to negative from stable

Infosys CEO Salil Parekh draws Rs 34.27 cr pay package in FY20: Report

Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services, the report said

Covid-19 vaccine development moving positively, says Bharat Biotech CEO

He expressed satisfaction on the progress of the research connected with the vaccine development so far, but insisted that "in science, things can change"

Wipro's outgoing CEO Abidali Neemuchwala sees 12% rise in pay package

In comparison, Infosys' CEO Salil Parekh drew a pay package of $6.15 million (around Rs 40 crore) in the last financial year, a rise of 27 per cent over the previous fiscal.