Page 3139 - Company News

Nasscom for policy tweak to enable longer work-from-home scenario

Nasscom has asked for the abolition of OSPs (other service providers) under the Department of Telecom, under which certain kinds of work (such as voice calls) cannot be shifted to employees' homes.

Moody's revises outlook on Adani Abbot Point Terminal's rating to stable

AAPT is part of an obligor group that has economic ownership of the Abbot Point Coal Terminal in North Queensland under a 99-year lease with the state-owned lessor

HDFC Q4 standalone PBT down 27% to Rs 2,692 cr, revenue up marginally

The company said revenue was at Rs 11,975.72 crore, from Rs 11,580.05 a year ago.

Volkswagen car owners entitled to damages in emission scandal: German court

Germany's highest court for civil disputes ruled that those who purchased the vehicles in question are entitled in principle to receive damages

Jet Airways offers two Boeing aircraft to assist Vande Bharat Mission

Thecarrier is undergoing the insolvency process and its affairs are being managed by insolvency resolution professional Ashish Chhawchharia

Crisis-hit IL&FS plans to divest its 26% stake in OTPC, invites bidding

In terms of eligibility for bidding, corporate bodies should have a minimum net worth of Rs 150 crore as per the audited balance sheet as of March 31, 2019 or later

Nissan, Renault to disclose plan to slash production due to Covid shutdowns

The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022

Fitch downgrades JSW Steel, Tata Steel to BB- from BB; outlook negative

The Indian Steel Association has forecast an 8 per cent drop in domestic demand in FY21

ITC set to acquire spice major Sunrise Foods for estimated Rs 2,000 crore

The share-purchase agreement was completed after lockdown was enforced and the final deal is likely to be signed soon

Tata Motors' JLR seeks Covid-19 support package from UK govt: Report

The UK's Treasury department plans to set up a bad bank or asset resolution fund to hold stakes in companies that it may end up part-owning

Lockdown 4.0: Restart risks at Maruti, Hyundai as coronavirus strikes

3 workers test positive in Hyundai, 1 in Maruti

Lockdown 4.0: New channels strike gold at the bottom of television pyramid

First serious competitor to Dangal's dominance of Hindi audiences is here - Shemaroo

Cidco wants to check GVK's Navi Mumbai airport stake sale for breaches

Will comply with authority's conditions, says GVK

$717-mn loan case: China banks will have to move Indian courts against ADAG

Anil Ambani, chairman of the ADA group, can challenge the order by the Commercial Division of the High Court of England

When firm delists amid Covid-19: Independent directors face testing times

Regulator must empower them to protect interests of minority shareholders, say experts

Cargo volume at major ports slip 21% in April; Chennai, JNPT severely hit

Chennai Port saw a massive 38.17 per cent fall in cargo handling to 2.44 MT, and JNPT declined by 33.97 per cent to 3.95 MT in April

Despite dull business, downside limited for Hindustan Zinc stock

On the operating front, while lower zinc and lead realisations impacted profit, cost of production in the zinc business, too, jumped 7 per cent year-on-year

Covid-19: Three workers test positive at Hyundai's Irungattukottai facility

The workers' union, Centre of Indian Trade Unions (CITU), has raised concerns on the safety of the workers at HMIL after some of the employees tested positive

Hired over 20,000 employees in US in last 5 years: TCS' Milind Lakkad

America accounted for 52.2 per cent of TCS' Rs 1,56,949 crore revenue in 2019-20, while 30.6 per cent revenue came from Europe

Decide on floor price for tariffs to ensure sustainability: Telcos to Trai

COAI, whose members include Bharti Airtel, Vodafone Idea and Reliance Jio, has written to Trai seeking an open house discussion on the issue "at the earliest"