Page 3128 - Company News

Emirates fires undisclosed number of staff as global aviation comes to halt

Emirates, the jewel of the sheikhdom's vast array of state-linked enterprises, declined to offer figures on how many staff it fired

RIL diverts Alok Industries for making PPE; says will cut cost to one-third

Capacity has been scaled up to produce more than 100,000 PPE kits per day and cost has been slashed to nearly Rs 650 per unit from the about Rs 2,000 apiece imported price, they said

Some customers are talking about delaying payments: Siemens MD & CEO

Clients are deferring certain orders, payments are delayed and cost of production is on a rise, says MD & CEO Sunil Mathur

Seven of top 10 companies add Rs 1.76 trillion in m-cap; HDFC Bank shines

RIL, HUL, HDFC, ITC, Kotak Mahindra Bank and ICICI Bank were the other winners in the top-10 list

Bonanza after curbs: India Inc goes all out to woo buyers amid Covid-19

Carmakers have joined hands with commercial banks and NBFCs and launched EMI schemes aimed at reducing the initial purchase cost and monthly outgo

AI to machine learning: RIL's $2-billion bet to be a tech tornado

The strategy includes spending over $1.6 billion on buying stakes in 24 tech firms across the US, UK, and India

Sanitizing to queuing up: Mind the gap is new mall mantra as lockdown eases

The first of a 3-part series offers a glimpse into the new ways of shopping as lockdown eases across cities

Food to air conditioners: Consumers press order button as markets reopen

QSRs wanting a slice of lockdown trade to white-collar workers dressing down in athleisure, demand for non-discretionary items has spiked since May 17

BEML to firm up partnerships with Czech, Japanese firms to indigenise tech

Tie-ups through the EOIs would be for products that complement BEML's existing products

Tata-Mistry dispute will test the rights of minority shareholders: Lawyers

The SC on Friday agreed to hear a plea filed by the SP Group challenging the National Company Law Appellate Tribunal's (NCLAT's) December order

17 independent power producers to forgo imported coal for domestic supply

Adani Power, GMR Energy, Avantha Power, Lalitpur Power, and Vedanta are some of the private companies that have applied for the 'import substitution' scheme of the Centre

Get, set, fly: Here's how airlines ensured safe travel as services resumed

The first step was identifying the touch points to reduce contact and go for sanitisation wherever that is not possible

Hygiene, social distancing in focus as restaurants, shops gear up to reopen

Assuring safety and well being of its customers, QSR chain operator KFC has modified the restaurant designs to reinforce social distancing

Air India makes it mandatory for crew to check pre-flight Covid-19 results

An Air India flight from Delhi to Moscow with no passenger on-board was asked to return midway on Saturday after its ground staff realised that one of the pilots of the plane had tested positive

Covid-19 impact: LIC listing, IDBI Bank stake sale may be postponed

Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 had announced stake sale in LIC through an initial public offer in the current financial year

RIL on track to attain zero net debt even if Aramco deal is delayed: Report

Adjusted net debt, however, at Rs 2.57 trillion is higher and would take longer to repay

FDA new drug approval run rate down in FY20 for most Indian pharma majors

According to analysts, companies are skeptical about entering crowded opportunities

Trump-Twitter spat: Debate rages on role of social media companies

The US executive order gives regulators the power to take action against online platforms that are seen as censoring free speech

Merger of three state-owned general insurers on back burner due to Covid-19

Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year

IDBI Bank reports PBT of Rs 289.66 cr for Q4FY20 over healthy rise in NII

The bank's net interest income (NII) rose by 46 per cent to Rs 2,356 crore in Q4FY20 from Rs 1,609 crore Q4FY19