Page 3130 - Company News

Covid-19: IFC to infuse $35 mn in JK Paper to fund its working capital need

The proposed IFC infusion would fund the incremental working capital requirements due to the impact of Covid-19

Lufthansa management accepts tweaked demands by Brussels over state bailout

Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus pandemic

Pharma companies refine SOPs after Covid-19 cases, deaths in Gujarat

Apart from the general sanitization of buses and plants, Lupin and many other pharma companies have now started sanitising raw material entering the plant

Hike in prices of renewable certificates unnerves aluminium players

REC prices have spiked by 125% over past 12 months, even as manufaturers grapple with depressed international prices, slump in domestic demand

Sanofi stops enrolling Covid-19 patients in hydroxychloroquine trials

The moves come after the World Health Organization paused its large trial of hydroxychloroquine, prompting several European governments to ban the use of the drug

Travel outlook uncertain, demand may fall amid Covid-19 crisis: Vistara

Domestic air travel resumed on Monday after a span of two months and a majority of passengers in the first four days were those, who were left stranded in different parts of the country.

Private equity player Bain Capital in talks to up stake in Axis Bank

In 2017, the lender had approved and conducted a sale of 9 per cent stake to raise Rs 11,626 crore, in a round led by Bain Capital.

After Vedanta, Adani Power to go for delisting; board meet on June 3

The conglomerate has so far maintained a strategy to incubate a business and monetize it through public listing at a later stage.

After Infosys, now Wipro hires a Capgemini top executive as CEO & MD

Appoints French IT services firm's COO Thierry Delaporte for its top post

SpiceJet receives permission for drone trials to deliver medicines

Earlier this month, the Directorate General of Civil Aviation (DGCA) granted exemptions to 13 groups to operate drones on an experimental basis

Vodafone Idea stock jumps 35% on report of possible stake sale to Google

Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt

Mumbai, Bengaluru and Cochin airports hike landing charges by up to 45%

The increase in charges by the airports was allowed by the Airport Economic Regulatory Authority (AERA) - the regulatory body which fixes chargers for airports

Godrej Consumer will have to deliver on volumes for valuations to sustain

Firm sees momentum in key segments continuing this year

Indian aviation sector in survival mode, needs viable revival: IATA CEO

He said it is particularly disappointing that the package of $123 billion in government financial aid that has been announced around the world, including $26 billion in the Asia Pacific region

Paytm moves Delhi HC claiming telcos not stopping 'phishing' over networks

It has further contended that under the statutory regime it is the telecom companies responsibility to prevent such fraud and deter the fraudsters through blocking and/or financial disincentives

JP Morgan's new chairman, Leo Puri, could be the Mr Dependable they need

His former colleagues say that he is a patient listener and participant, even if he does not agree with the views.

Sebi warns TCS over disclosure of material information to investors

Sebi has also asked the company to ensure that disclosures provide adequate, accurate, explicit and timely information to the investors

There's a boom in mobile gaming - addictive fun meets big business

The obvious reason for this growth is a burgeoning smartphone user base, coupled with the availability of dirt-cheap data.

Sanitation and cleanliness on top of new age mobility firms' agenda

Firms that provide urban commuting warm up to new realities as lockdown relaxes

Vehant Technologies beats Covid-19 blues with AI-powered products

Known to be a pioneer in Artificial Intelligence (AI) based solutions, the start-up has sensed an opportunity in the 'colossal crisis'.