Page 3152 - Company News

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

AI firm SirionLabs' valuation crosses $300 mn after fresh funding

The Gurugram-based company has raised $44 million in a funding round led by Tiger Global, Avatar Growth Capital.

NMDC slashes iron ore price by Rs 400/tonne in second cut in 40 days

Firm say the move has given a lot of relief to steel companies, especially sponge iron-based firms in Chhattisgarh

Vedanta delisting bid 'not serious', says Stakeholders Empowerment Services

Offer price of Rs 87.5 akin to "questioning wisdom of investor", says governance firm.

PM's reforms-cum-stimulus will help CV industry: Ashok Leyland's Sondhi

The company commenced operations across its facilities

Gilead enters licensing pact with 5 drug firms in India, Pak for remdesivir

According to the agreement the companies Cipla, Hetero Labs, Jubilant Life Sciences, Mylan, and Pakistan based Ferozsons Labs, to manufacture and sell remdesivir in 127 countries

Govt plans tax holiday for new investments amid Covid-19 outbreak

Another variant of the programme will be to provide a four-year tax holiday to firms that invest $100 million or more in labour-intensive sectors

Nestle India PBT flat at Rs 704 cr for March quarter, revenue up 10.7%

The company follows a January-December accounting year. Revenue for the March quarter stood at Rs 3,325 crore, growth of 10.7 per cent from a year ago.

JPMorgan to raise up to $3 billion for real estate credit opportunity fund

JPMorgan Asset Management is looking to raise $2 billion to $3 billion from institutional investors for the Real Estate Credit Opportunity Fund, according to the source

Jet Airways stake sale: Lenders to invite fresh expression of interest

The committee of creditors (CoC) of Jet is likely to come out with a revised EoI for the stake sale in the defunct airline on Wednesday, said a source.

Haryana allows select firms to deploy 100% workforce in multiple shifts

Auto component major Sona Comstar, which earlier could deploy only half of its workers, has been allowed to bring in its entire workforce at its four plants - three in Gurugram and one in Manesar.

Realisation concerns deepen for NMDC after company cuts prices again

Cuts iron ore prices for second straight month in May

Shree Cement's March quarter shows why it commands rich valuations

Highest margins, strong balance sheet, high free cash flow are well priced in

Covid-19 crisis: Life insurers look to hedge against policy surrenders

As a remedy, life insurers are looking to provide short-term credit - known as bridge loans - to policyholders.