Page 3150 - Company News

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

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

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

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

Lufthansa, Swiss to resume flights to Mumbai from Frankfurt, Zurich

Lufthansa group's senior director (sales), South Asia, George Ettiyil said the decision reflects the robust demand for flights to and from India, even in these unprecedented times.

Antiviral drugs see demand surge in India, but segment declines 5.5%

Data from market research firm AIOCD-AWACS shows that sales of oseltamivir (common brand Tamiflu), used against the influenza virus and also for swine flu, went up by 35.8 per cent in April

Wipro unveils sanitisation walkways, robots to fight the coronavirus

Developed in four weeks, these walkways have already been installed at Wipro's campuses and factories. The walkway has been priced between Rs 1-1.3 lakh per unit

Manappuram Finance posts 30% growth in profit before tax in Q4FY20

Profit before tax from gold loan and others grew 44.5 per cent to Rs 459.47 crore during the quarter, as compared to Rs 317.97 crore during same quarter a year ago

Uber ramps up distribution of PPE kits, starts safety awareness campaign

Uber said it had sourced more than 3 million three-ply face masks, 1.2 million shower caps, 200,000 bottles of disinfectants and 200,000 bottles of sanitisers for free distribution

Intellect Design Arena launches iTurmeric Fincloud through IBM Cloud

The initiative will support onboarding to the IBM financial services-ready public cloud, including guidance through a prescriptive implementation and evidence process to help deliver Intellect Design

E-commerce firms may get to sell secondary essentials in red zones: Reports

Consumers in red zones say they want to buy gadgets, home supplies and office and school supplies post upcoming lockdown relaxations.

Plants working at 70% capacity, aiming for optimal level soon: Adani Wilmar

In view of large-scale migration of workers, firm has been managing its operations with 50-60 per cent of the workforce

Delisting of subsidiary to boost Vedanta Resources' financial profile: S&P

Vedanta Resources has proposed to buy out public shareholders in Vedanta Ltd

Tata Trusts to upgrade 4 govt hospitals in UP, Maha to Covid-19 centre

The statement said that each hospital will be armed with critical care capabilities, minor operation theatres, basic pathology and radiology, facilities

Pending arsenal orders to be cleared within a month of normalcy: OFB chief

In a Q&A, Hari Mohan of the Ordnance Factory Board says 85% of the operations in arms-making units can be organised while maintaining social distancing

Tamil Nadu plans to give relocation incentives for firms moving to state

Tamil Nadu houses over 620 Japanese companies, making it the home for the second largest number of Japanese companies operating in India

Indian drug makers gear up to make Gilead's remdesivir for Covid-19 therapy

Domestic players will be free to price it; Dutch firm Mylan also to make the drug in India; no royalty for Gilead as yet

Airbus exploring restructuring plans, job cuts due to Covid-19: Report

For now, Airbus is relying on government-backed furlough schemes in France, Germany and Britain to reduce staff costs after earlier asking employees to take 10 days' leave

Manpower shortage a challenge to ramp up textile production: Gokaldas MD

More than 50 per cent of the first quarter is lost from a production standpoint, but the company is hoping that it would be able to resume 100 per cent operations by June

Indian firms getting downgraded like never before; credit markets at risk

Ratings have been cut for 847 companies