Page 3145 - Company News

Coal India Limited's demand-supply mismatch that fails to end

The company produced 602.14 million tonnes of coal during the last fiscal

ICAI issues norms for auditors to assess going concern, key audit matters

Institute suggests engaging internal auditor or another CA in cases where physical verification of stocks is not possible for statutory auditor

Karnataka appellate authority sets precedent in reversal of AAR ruling

AAR had disallowed WeWork's ITC claim on detachable partitions; the reversal of its order would set a precedent as to what comes under movable property on whic ITC is allowed

Eicher Motors entering a challenging terrain; stock falls nearly 8%

Delay in discretionary spends, competitive intensity in export markets among challenges

Reduce stake in insurance subsidiaries to 50% or below: RBI to HDFC

HDFC's share price were down almost 8 per cent to Rs 1,512

US respiratory pipeline breathes in fresh optimism for Cipla; stock up 5%

Improving growth in North America will complement strong domestic sales

GlaxoSmithKline Q4 consolidated net profit declines 6% to Rs 138 cr

The company had posted a net profit of Rs 146.81 crore for the same period previous fiscal, GlaxoSmithKline Pharmaceuticals said in a BSE filing.

Huge scope for Indian pharma as FDA eases drug scrutiny over shortage in US

Injectibles account for 60% of crunch; most plants under American regulator's lens the past two months have now received positive outcomes

RIL says core business has got 'demand-side shock' due to coronavirus

The company listed the pandemic as internal risks in its letter of offer for its upcoming rights issue.

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Oppo shuts Noida factory operations after 9 workers show signs of Covid-19

Firm resumed ops at its Greater Noida plant with 3,000 workers on May 8

Bharti Airtel slips into red; posts Rs 5,237 cr loss for Jan-Mar quarter

The company had posted a profit of Rs 107.2 crore in the same period a year ago.

Uber to lay off 3,000 workers in second cut for May, trip requests drop 80%

Company says it plans to reduce investments in several non-core projects.

Auto dealers are coming together to walk online trail to stay in the game

As carmakers and customers engage directly via digital channels of commerce, the country's 15,000-odd dealerships explore ways to stay in the game

Bank of India engages Uniken to secure internet, mobile banking channels

A recent report put the number of card and net banking frauds at 1,367 in FY17, about 2,127 in FY18, and 1,477 in FY19

Ajay Dixit exits Cairn, is fifth CEO to quit firm since Vedanta acquisition

Cairn Oil & Gas said in a statement that Dixit is superannuating at the end of his five-year term at the group in May

Lockdown 4.0: Ola resumes services in Karnataka with enhanced measures

Akin to the over 100 cities where Ola is now operational, enhanced protocols are applicable

Coronavirus impact: Textile companies fear FY21 will be a washout

Most units say there are no orders as retailers haven't resumed operations

WeWork India cuts 20% staff, says hard decisions needed to sustain pandemic

Virwani also noted in the communication that the first priority of the company is to get the maximum value from its buildings and reduce costs by the business efficiently

Lockdown 4.0: E-commerce majors gear up to resume operations across India

Red zones comprise about 130 districts of the country and analysts estimate that the e-commerce companies, as well as the retailers, witness at least 75 per cent demand from these locations