Page 3143 - Company News

TCS CEO Rajesh Gopinathan's pay package cut 16% to Rs 13.3 cr in FY20

In the previous year, Gopinathan had received Rs 1.15 crore in salary, Rs 1.26 crore in perquisites and Rs 60.35 lakh in allowances

Franklin MF ropes in Kotak Bank to expedite wind-up of 6 schemes

The bank's debt capital markets team will work as an independent advisor.

Ola to lay off 1,400 employees as revenue dips 95% in coronavirus

In an email to employees, Aggarwal made it clear that the prognosis ahead for the business is 'very unclear'

Covid-19: Infosys partners Rhode Island to launch contact tracing solution

The company has developed a mobile app that will help Rhode Islanders follow required health and safety guidelines

Covid-19 effect: Delay to 'game-changer SUV' puts Nissan India in a spot

In 2019, domestic volumes were at 18,000 units a year, with exports being at least four times that number making the subcontinent an export platform for the company

TikTok ban: Short-video app's popularity dips amid growing call for ban

TikTok's app rating on Google Play Store reduced to 1.3 stars on May 20 from more than 4.5 stars only a few days earlier

40% Indian tech startups have suspended work due to coronavirus: Nasscom

Revenue declined by more than 80 per cent for about 34 per cent such companies, says online survey.

Tata Steel resumes talks with Germany's Thyssenkrupp for possible merger

Baosteel, SSAB also in race for German steel firm

Covid-19 crisis: Govt considers regulating air-ticket prices after lockdown

The govt's move has divided the industry with executives of airlines and experts suggesting that government's intervention in pricing will be counterproductive

Tata Consumer's growth story indicates more stock gains in the offing

Large share of essential products, healthy outlook and new management augur well; full control of Nourishco positive

Bajaj Finance: Focus shifts from growth to capital preservation

Profit plunges as the lender loses business worth Rs 4,500 cr in 8 days of lockdown

Reliance to use 3/4th of Rs 53,036 crore rights issue to repay debt

The company expects net proceeds of Rs 53,036.13 crore from the rights issue that opens on May 20 and closes on June 3

Covid-19 lockdown: After April shock, drug sales improve in May

Till May 15, the overall inventory was 39 days, compared to 43 days in first half of the previous month

ITC resumes cigarette manufacturing, distribution after over a month

It is learnt that ITC has five cigarette manufacturing plants across Kolkata, Munger, Saharanpur, Ranjangaon and Bangalore

Limited Flipkart sales in India hit our growth: Walmart CEO Doug McMillon

Closure of stores, warehouses contributed to volatility in first quarter: McMillon

WhatsApp sharpens business pitch with efficient bouquet of services

With big brands testing out their business interface, the social messaging app seeks leverage for the vast cache of conversations on its platform

AstraZeneca says data from Covid-19 vaccine's phase-1 trials to be out soon

Once the late stage trials begin, the company simultaneously will start working on the global manufacturing capabilities.

L&T Infotech's consolidated net profit rises 13% YoY to Rs 427.5 cr in Q4

Revenue of the Mumbai-headquartered IT services firm rose 21.2 per cent year-on-year to Rs 3,011.9 crore during this period.

Alstom rolls out first locomotive from Madhepura facility in Bihar

The locomotives from the flagship Make in India project will be put to service on the Eastern Dedicated Freight Corridor (EDFC)

Bharti Airtel to go slow on capex in Q1FY21 amid Covid-19 crisis, Q4 loss

Bharti Airtel reported a consolidated net loss of Rs 5,237 crore in Q4FY20 against a net profit of Rs 107.2 crore in the corresponding quarter last year.