Page 3151 - Company News

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

Premium diners hit the brakes hard; look to reinvent for survival

There will be ongoing speed bumps and resets and at least six months before 80 per cent stability returns to dining

Lockdown impact: Weak volumes to aggravate margin pressures for Maruti

Shift towards entry-level segment a positive given its contribution to revenues

Coronavirus impact: Nestle Q1 an outlier as consumers focus on food

Robust portfolio, cost efficiency to keep earnings momentum strong

Brands, sponsors play the game of uncertainty as Covid-19 halts all sports

Can teams, athletes and broadcasters come together to keep the show going as the pandemic grinds all sports to an indefinite halt?

Covid-19 impact: Firms try to save jobs and their future through pay cuts

Several slash pays by up to 40% for May

Lockdown serves domestic pharma the bitter pill: April growth slips

Lack of fresh prescriptions drags growth in acute therapies

Airtel Africa reports fall of 21% in net profit at $65 mn for March qtr

The African arm of Bharti Airtel reported 15% on-year rise in revenue and 1.81 % sequentially to $899 million, driven by strong contributions from the voice, data and mobile money verticals

Unavailability of labour force will impact production, says Maruti Suzuki

Firm sees social distancing norms as a hindrance to productivity as well

Antibiotic sales drive domestic pharma mkt down 11.2% in lockdown-hit April

Sale of anti-infectives (11% of domestic pharma market) fell by 21.5%, while gynaecological and dermatological drugs fell by about 23%

Footwear industry says it lost export orders worth $1 bn due to Covid-19

Says it may require support from government in the form of reduction in GST, especially for footwear priced above Rs 1,000