Page 3154 - Company News

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.

Rahul Bhatia-owned InterGlobe Enterprises eyes failed Virgin Australia

Virgin Australia entered bankruptcy administration two weeks back; May 15 is last date to lodge first offers

Ratan Tata hopes entrepreneurs will create new benchmarks of tomorrow

In a post on social media platform Instagram, Tata hoped that entrepreneurs will find a better way to run their operations following the pandemic that has severely disrupted economic activity.

Godrej Properties Q4 PBT falls 23% on five-fold spike in raw material cost

Revenue up 10%, firm claims it posted its best-ever quarterly performance in terms of value of real estate sold

Supreme Court dismisses three special leave petitions filed by Birlas

Supreme Court has asked the single judge at the Calcutta High Court to decide upon the issue of jurisdiction, together with the applications for interim relief

Shareholders unhappy with virtual AGM concept, but little choice available

The Ministry of Corporate Affairs (MCA) had clarified earlier this month that it would be allowing the meetings to be conducted online because of Covid-19

Low valuations don't make TechM a cool bet; investors advised caution

Telecom segment growth and margin recovery may not fructify soon

Life Insurers bleed in April as Covid-19 shrinks new biz premium by 33%

Market leader LIC's new business premium down 32% to Rs 3,582 cr from Rs 5,268 cr a year ago; HDFC Life, ICICI Pru among top losers in private space

Twitter adds new labels, warnings to combat Covid-related misinformation

The three broad categories the company will look at are misleading information, disputed claims and unverified claims

Adani drops out of Snowman acquisition as Covid shrinks industry valuation

Snowman Logistics stock is down 35% since deal was announced last December; valuation also hit by Rs 13 cr loss reported by company in first nine months of FY20

Amazon India extends work from home plan till Oct amid Covid-19 spread

Flipkart to reopen offices in graded manner

Reliance Jio leads in subscriber numbers in NCR, says Trai report

Reliance Jio added 271,000 subscribers in the month of January to achieve the milestone

Small brands using familiarity to redefine engagement with customers

A clutch of home grown food and beverage brands are using their familiarity with local communities to redefine the terms of engagement with customers

Price drives Indian pharmaceutical market growth to five-year high in FY20

Ipca's Zerodol brand and its multiple variants used in treating pain and inflammation are an example of how this trend is playing out

Pension funds, PE may invest in renewable projects, roads after lockdown

Even as the lockdown has affected mergers and acquisitions (M&A) in various businesses, companies and deal consultants are certain that renewable power assets would be the first on the sale table.

Aiisma: An app that rewards users in exchange for sharing Covid-19 data

The startup also has a trigger function to send anonymous alerts to any user who might come in contact with a positive case

Consumer internet firms offer support schemes for their freelance workers

Move aimed at providing their financial and healthcare support during time of pandemic

Carlyle Group to buy 74% in SeQuent Scientific for over Rs 1,500 crore

The transaction is being done through an equity purchase stake that values each share at Rs 86.