Page 3127 - Company News

Covid-19 crisis: Maruti to Toyota, auto sales collapse in May amid lockdown

Production to reach last fiscal's level in second half: Bhargava

Govt rejects Flipkart's proposal for entry into food retail business

The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India

AirAsia India offers 50K seats without base fare to doctors amid Covid-19

However, airport fees, charges and statutory taxes will be borne by the traveller, it said

Why aviation regulator is not forcing airlines to keep middle seat empty

DGCA was forced to relook at the middle seat policy after an Air India pilot had challenged the regulator's protocol, in Bombay high court, which allowed airlines to book all seats.

Covid-19 crisis: Wipro sees short-term impact on gross profit margin

In a filing with the US Securities and Exchange Commission, the Bengaluru-headquartered firm, however, said that the impact couldn't be accurately predicted as the pandemic is yet to recede.

IDBI AMC, IDBI MF Trustee Company settle BILT case for over Rs 90 lakh

Sebi had initiated inspection after finding BILT subsidiary's default

Gilead's remdesivir shows modest improvement in moderate Covid-19 patients

At day 11, around 76% of the patients in the 5-day treatment group showed improvement in clinical status versus 66% for standard care alone, Gilead said

New launches, cost-control efforts, margin improvement crucial for Lupin

Resolution of compliance issues at Goa, Indore plants are other triggers

Voltas' consumer business delivers a cool surprise in Q4, posts 20% growth

But, analysts have lowered earnings estimate due to high channel inventory

1,600-MW Jharkhand project delayed amid Covid-19 lockdown: Adani Power

The project would supply 1,496 MW to Bangladesh Power Development Board after it is operational

Retailers, mall owners now willing to resolve differences over rentals

Malls will reopen on June 8 in most parts of the country barring Mumbai, where the state government has decided against it for now.

Tata, LIC, Reliance most valued brands but Covid may spoil the equation

Tata group holds on to the top rank while Reliance climbs a spot; Indian Oil debuts in the top 10 list with a 41% jump in brand value

Ashok Leyland domestic sales decline 90% at 1,277 units amid Covid-19

No M&HCV buses were sold in May; company resumed operations recently after the government relaxed the lockdown norms

Max Healthcare says will become second largest healthcare chain by revenue

Max India completes merger of Radiant Life's hospital assets with self

RIL's Rs 53,000 cr rights issue fully subscribed, closes on June 3

Price fixed at Rs 1,257, a discount of 17.3% to the last closing

Fullerton India parent infuses Rs 750 crore equity as additional buffer

The company will also benefit from various government initiatives recently announced in the economic package

Covid-19 to shave $25 bn off from top 100 domestic brands' value: Report

According to the latest report by Brand Finance, globally, the top 500 brands could see a value erosion of $1 trillion from their January 2020 brand value, following coronavirus disruptions

OYO announces ESOPs for furloughed employees impacted by Covid-19 pandemic

On April 8, OYO founder and Group CEO Ritesh Agarwal had said in a letter and video message that the company will place a certain number of employees on furloughs or temporary leaves, globally

L&T Construction transforms healthcare units into COVID-19 care facilities

The company has the capability to construct 300-bed hospitals in record three to four months

Have empathy for those who are scared: Nadella condemns George Floyd death

In a note to Microsoft employees, Nadella said that every-day racism, bias, and hatred in the news today is not new