Page 3149 - Company News
DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%
Analysts say acquirer may have found the firm attractive at the valuation at which it was available at
 "DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%")
Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook
Analysts expect profits to reach FY19 levels only next fiscal
 "Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook")
Cipla's profit before tax dips 35% to Rs 327.9 cr; India business grows 12%
The net profit came down 33 per cent to Rs 246 crore, lower than Street expectations. Emkay Global had expected a 3 per cent dip in profit for the quarter.
 "Cipla's profit before tax dips 35% to Rs 327.9 cr; India business grows 12%")
Zomato lays off 500 employees, slashes salaries as CEO blames coronavirus
Those impacted will get emails for a zoom call with the leadership team within the next 24 hours.
 "Zomato lays off 500 employees, slashes salaries as CEO blames coronavirus")
Will invest Rs 2k cr in small molecules segment in 3-4 yrs: Biocon CEO & MD
In a Q&A, Biocon CEO and MD Siddharth Mittal explains why he believes his company is on track to achieve the $1 billion revenue target from the segment by 2022
 "Will invest Rs 2k cr in small molecules segment in 3-4 yrs: Biocon CEO & MD")
ONGC awards 49 marginal fields across four states to seven bidders
Industry players say a major drawback of the bid was that ONGC sought partners who could raise output beyond a pre-agreed baseline and would share revenues only for incremental production
 "ONGC awards 49 marginal fields across four states to seven bidders")
Tech Mahindra arm leverages AI for potential Covid-19 therapeutic drugs
Makers Lab does molecular docking studies of 19 FDA approved ligands and anti-virals. technique enables search for therapeutically potent drugs and molecules in real-time
 "Tech Mahindra arm leverages AI for potential Covid-19 therapeutic drugs")
We collect 8 trn threat signals daily, says Microsoft's Ann Johnson
The top cybersecurity expert at the tech giant says that in India, between February 2 and May 2, 2020, Microsoft's detection tools saw 9100 Coronavirus related cybersecurity threats.
 "We collect 8 trn threat signals daily, says Microsoft's Ann Johnson")
Vivo arm sends memo on 50% pay cut
It's an internal letter, no final decision yet, says the firm
 "Vivo arm sends memo on 50% pay cut")
Repayments may get delayed if unitholders don't authorise trustees: FTMF
The fund house re-iterated that the reason for winding-up the six schemes was to preserve the value for unitholders and return money at the earliest
 "Repayments may get delayed if unitholders don't authorise trustees: FTMF")
Pune-based firm KPIT Tech gets Labour Dept notice over pay cuts up to 50%
Order asks company to follow Maharashtra directives and refrain from pay cuts or layoffs, or face strict action
 "Pune-based firm KPIT Tech gets Labour Dept notice over pay cuts up to 50%")
India's investment policy upsets Xiaomi, Oppo's consumer finance plans
The Chinese phone brands, are keen to establish their own NBFC which will help improve margins by allowing them to directly sell financial products to their consumers
 "India's investment policy upsets Xiaomi, Oppo's consumer finance plans")
Escorts re-rating hinges on tractor volume recovery, tie-up with Kobuta
The company isThe company is banking on pent up demand to reflect in June-October period banking on pent up demand to reflect in June-October period
 "Escorts re-rating hinges on tractor volume recovery, tie-up with Kobuta")
Relief to SBI on the cards; investors should await clarity on asset quality
Relaxation in the two segments is positive of asset quality recovery, but investors should await clarity from post-results commentary
 "Relief to SBI on the cards; investors should await clarity on asset quality")
Life after lockdown: Ramping up isn't easy with curbs, labour shortages
The first of a three-part series looks at how manufacturing units are gearing up to the new normal
 "Life after lockdown: Ramping up isn't easy with curbs, labour shortages")
Tata group, Adani, CESC may join the race to buy BSES companies
Clouding the valuation will be dues to generation firms and a possible CAG audit
 "Tata group, Adani, CESC may join the race to buy BSES companies")
Urge all states to take special loan, pass benefit to consumers: R K Singh
Minister of state for power says soft loans at 8-10% interest rate being given to discoms to help them pay dues
 "Urge all states to take special loan, pass benefit to consumers: R K Singh")
Changes in consumer behaviour to drive brands to rethink positioning norms
The pandemic is changing consumer behaviour say experts, forcing marketers to rethink the differentiators between mass and premium brands
 "Changes in consumer behaviour to drive brands to rethink positioning norms")
MakeMyTrip partners premium hotels to launch online delivery service
With dine-in experiences coming to a halt due to the coronavirus pandemic-triggered lockdown, the company aims to bring culinary experiences from top restaurants to the doorstep of customers
 "MakeMyTrip partners premium hotels to launch online delivery service")
Despite lockdown relaxations, courier industry stares at bleak future
The courier industry in India is made up of varied players starting from large multinational firms such as DHL, United Parcel Service (UPS) and FedEx India to domestic firms comprising Blue Dart, DTDC
 "Despite lockdown relaxations, courier industry stares at bleak future")