Page 3159 - Company News
Stimulus 2.0: Reforms good, implementation a challenge, say food firms
The reason is the "well-oiled system" that exists right now, preventing farmers from approaching buyers directly.
 "Stimulus 2.0: Reforms good, implementation a challenge, say food firms")
RIL rights issue to open for subscription on May 20 and close on June 3
The abridged letter of offer, application form of rights issue and rights entitlement letter will be sent to eligible equity shareholders of the company
 "RIL rights issue to open for subscription on May 20 and close on June 3")
Covid-19 crisis: IT services companies pad up to reopen offices for staff
Apart from issuing guidelines for employees with dos and don'ts, the companies are using technology-led solutions to ensure social distancing at workplaces.
 "Covid-19 crisis: IT services companies pad up to reopen offices for staff")
Coronavirus vaccine not coming for at least 2 years: Novartis global CEO
A vaccine must be widely tested in humans before being administered to hundreds of millions, say experts
 "Coronavirus vaccine not coming for at least 2 years: Novartis global CEO")
Covid-19 impact: Non-Life insurance premiums fall more than 10% in April
Claims have also not risen sharply both in motor and health, giving some respite to insurance companies
 "Covid-19 impact: Non-Life insurance premiums fall more than 10% in April")
Four in a lift, facing the wall: Office etiquette in Covid-19 times
The second of a 3-part series discusses precautions taken by firms to keep employees safe
 "Four in a lift, facing the wall: Office etiquette in Covid-19 times")
Made in India, for and by Indians, says Reliance Industries on rights issue
In a corporate presentation titled 'New Reliance for a New India', released on Friday, RIL termed itself as the best proxy for India's consumption-driven and tech-propelled growth story.
 "Made in India, for and by Indians, says Reliance Industries on rights issue")
DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%
Analysts say acquirer may have found the firm attractive at the valuation at which it was available at
 "DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%")
Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook
Analysts expect profits to reach FY19 levels only next fiscal
 "Havells no more a cool stock as Covid-19 dents Q4 show, FY21 outlook")
Cipla's profit before tax dips 35% to Rs 327.9 cr; India business grows 12%
The net profit came down 33 per cent to Rs 246 crore, lower than Street expectations. Emkay Global had expected a 3 per cent dip in profit for the quarter.
 "Cipla's profit before tax dips 35% to Rs 327.9 cr; India business grows 12%")
Zomato lays off 500 employees, slashes salaries as CEO blames coronavirus
Those impacted will get emails for a zoom call with the leadership team within the next 24 hours.
 "Zomato lays off 500 employees, slashes salaries as CEO blames coronavirus")
Will invest Rs 2k cr in small molecules segment in 3-4 yrs: Biocon CEO & MD
In a Q&A, Biocon CEO and MD Siddharth Mittal explains why he believes his company is on track to achieve the $1 billion revenue target from the segment by 2022
 "Will invest Rs 2k cr in small molecules segment in 3-4 yrs: Biocon CEO & MD")
ONGC awards 49 marginal fields across four states to seven bidders
Industry players say a major drawback of the bid was that ONGC sought partners who could raise output beyond a pre-agreed baseline and would share revenues only for incremental production
 "ONGC awards 49 marginal fields across four states to seven bidders")
Tech Mahindra arm leverages AI for potential Covid-19 therapeutic drugs
Makers Lab does molecular docking studies of 19 FDA approved ligands and anti-virals. technique enables search for therapeutically potent drugs and molecules in real-time
 "Tech Mahindra arm leverages AI for potential Covid-19 therapeutic drugs")
We collect 8 trn threat signals daily, says Microsoft's Ann Johnson
The top cybersecurity expert at the tech giant says that in India, between February 2 and May 2, 2020, Microsoft's detection tools saw 9100 Coronavirus related cybersecurity threats.
 "We collect 8 trn threat signals daily, says Microsoft's Ann Johnson")
Vivo arm sends memo on 50% pay cut
It's an internal letter, no final decision yet, says the firm
 "Vivo arm sends memo on 50% pay cut")
Repayments may get delayed if unitholders don't authorise trustees: FTMF
The fund house re-iterated that the reason for winding-up the six schemes was to preserve the value for unitholders and return money at the earliest
 "Repayments may get delayed if unitholders don't authorise trustees: FTMF")
Pune-based firm KPIT Tech gets Labour Dept notice over pay cuts up to 50%
Order asks company to follow Maharashtra directives and refrain from pay cuts or layoffs, or face strict action
 "Pune-based firm KPIT Tech gets Labour Dept notice over pay cuts up to 50%")
India's investment policy upsets Xiaomi, Oppo's consumer finance plans
The Chinese phone brands, are keen to establish their own NBFC which will help improve margins by allowing them to directly sell financial products to their consumers
 "India's investment policy upsets Xiaomi, Oppo's consumer finance plans")
Escorts re-rating hinges on tractor volume recovery, tie-up with Kobuta
The company isThe company is banking on pent up demand to reflect in June-October period banking on pent up demand to reflect in June-October period
 "Escorts re-rating hinges on tractor volume recovery, tie-up with Kobuta")