Page 3153 - Company News

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.

Tata Motors is worth nothing without Jaguar Land Rover, says CLSA

The $3.7 billion Indian auto firm faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said.

Jubilant Life inks non-exclusive licensing pact with Gilead for Remdesivir

The drug, which is an injectable, got emergency approval from the US drug regulator recently.

Social media giants step up the hunt for fake ads to stem misinformation

Google, Facebook, Twitter get tough with imposters as they look to keep brands and users loyal to their platforms

Mercedes will go ahead with 10 launches plan: Martin Schwenk, India head

He said, Merc had 150 pre-owned cars booking in the Feb-March period

Realtors may defer launches to next quarter to cash in on festive season

Given the uncertainty in pick up of demand and logistical challenges during lockdown, property developers are being cautious about the timing of launches in the near term, said Gopalkrishnan

Vodafone PLC liability for AGR capped at Rs 8,400 cr, blames SC order

Vodafone says its share in Vodafone Idea is worth zero

Rebel Foods woos consumers with temperature check of staff, healthy food

With over 350 kitchens, Rebel Foods said it is able to deliver food across the nation even under the current circumstances

IT firms form teams to chase revenue streams emerging from Covid-19 crisis

Industry observers said the high level of virtualisation across most sectors has led to increased demand for various IT services.

Covid-19 an opportunity to support our 'own innovativeness': Ratan Tata

'It is not a world war but it is like a world war. There is a dramatic need for vaccine, there is a dramatic need for solutions and strange things happen,' Tata said

Anil Agarwal announces plans to delist Vedanta, to offer Rs 87.5 per share

Agarwal-controlled Vedanta Resources will offer Rs 87.5 per share to nearly 49 per cent public shareholders of Vedanta Ltd

Samsonite India fined Rs 25.74 cr, served show-cause for profiteering

Firm accused of not reducing prices of its products after GST Council brought down the tax rate from 28% to 18%

ArcelorMittal offers $2 bn shares at discount to accelerate debt reduction

The company said on Tuesday it will sell $750 million of shares at a price of $9.27, equivalent to 8.57 euros

Vodafone meets 2019 expectations, pulls guidance on Covid-19 uncertainty

The company said given the uncertainties and impacts of the global pandemic it was not able to provide adjusted core earnings guidance for the current year

Lockdown, labour exodus dampen mango prospects in Maharashtra, Gujarat

Maharashtra's flagship mango variety of alphonso, which normally sells for Rs 700-800 a dozen at this time of the season, was sold at the rate of Rs 400-500 this year in retail market of Mumbai

Covid-19 impact: Richard Branson to sell 25 mn shares in Virgin Galactic

The company said it intends to use the proceeds to support its portfolio of global leisure, holiday and travel businesses that have been affected by the impact of the coronavirus

Air passenger traffic to stay below 25% in September: Boeing CEO

Asked whether there might be a major US carrier that has to go out of business, Calhoun said: "Yes, most likely. You know, something will happen when September comes around"

WeWork directors seek to preserve right to sue SoftBank over a $3 bn tender

This comes after lawyers for SoftBank last month wrote to WeWork's board to request that it confirm the special committee is not authorized to act on behalf of WeWork

Tariff will be lower than Rs 3.6 per unit: ReNew Power's Sumant Sinha

ReNew quoted a winning tariff of Rs 2.9 per unit (kwh) for the complete capacity of 400 Mw offered by the government.