Page 3144 - Company News

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.

Tariffs unsustainably low, more needs to be done, says Bharti Airtel CEO

Airtel had, on Monday, reported Q4 loss at Rs 5,237 crore, mainly on account of provisioning for paying statutory dues, while its full year losses ballooned to a record Rs 32,183 crore.

Fresh worries for agrochemical majors as govt mulls ban on 27 chemicals

Net impact would depend on final list of chemicals to be banned and companies' move to diversify portfolio

Embassy Office Parks REIT to gain from Covid-19 situation, says CEO

While the Covid-19 pandemic has resulted in an uncertain near-term outlook for many businesses worldwide, Holland said Embassy REIT is uniquely positioned to weather the pandemic

Lincoln Pharma gets entry into Europe, will sell derma, gastro drugs

Receives Germany's GMP certification for its Khatraj plant, can sell to all 27 EU markets

Fintech start-up Lendingkart raises Rs 319 crore in series-D funding

The round was led by existing investors including Fullerton Financial Holdings, Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient

BoB seeks to recover $250 mn loans from NMC founder BR Shetty: Reporter

B R Shetty runs NMC, the largest private healthcare provider in the United Arab Emirates.

German footwear maker to shift production to Uttar Pradesh from China

A new manufacturing unit will be set up with a production capacity of over three million pairs in Uttar Pradesh through a collaboration with Iatric Industries Pvt Ltd

Indian companies paid Rs 8 crore on average to fix ransomware, says report

Ransomware is malicious software that locks and encrypts a victim's computer or device data and then demands a ransom to restore access.

Uptick in ARPU helps Bharti Airtel trump Reliance Jio in Q3 numbers

A 12-quarter high ARPU, strong 4G subscriber addition give a boost to revenue

Coronavirus pandemic creates repair headache for oil and gas industry

Lockdowns to stop the spread of Covid-19, the flu-like infection caused by the virus, have snarled the supply of spare parts and have prevented maintenance workers from doing their job

3 in 5 Indian professionals to spend more time on online learning: LinkedIn

The time spent in viewing LinkedIn Learning content by Indian professionals has jumped up by 176 per cent in the past two months

Covid-19: Pune-based drug firm to export favipiravir to 18 countries

Favipiravir is under trial in many countries as a potential treatment for Covid-19

Weaker and poorer, NGOs still the best bet in delivering Covid-19 relief

More CSR money has flown to govt schemes and corporate trusts rather than to NGOs

'All my dreams are shattered' - Coronavirus crushes Asia's garment industry

Since the 1960s, Asia has grown into the world's garment factory, sending about $670 billion worth of clothes, shoes and bags a year to Europe, the United States and richer Asian countries

Hail a ride now! Uber, Ola to resume services in key cities from today

With further relaxation of lockdown regulations and more powers given to states, Ola will be restarting services in over 60 cities across the country from Tuesday.

Swiggy follows Zomato, lays off 1,100 as coronavirus dashes business

Swiggy said the core food delivery business has been severely impacted and will stay impacted over the short term, but is expected to start growing again after that

Vedanta board okays delisting plan; floor price per share unfair, says IiAS

Proposal by way of special resolution through postal ballot and e-voting, and in this regard the draft of the postal ballot notice and the explanatory statement thereto were also approved

Logging in with facemasks: Offices look different as staff returns to work

Office life in these cities resumed on Monday, albeit cautiously and with full knowledge of the need to maintain social distancing.

Despite lockdown, sugar mills contract for 4.2 million tonnes of exports

3.6 MT shipped by mills so far; Indonesia, Iran major offshore destinations