Page 3165 - Company News

Real estate firms bank on tech tools to generate sales amid lockdown

From Zoom calls to virtual experience centres, they are trying out everything possible to generate sales at a time when bookings have dried up.

IndiGo's pay cuts for senior employees to remain effective through FY21

The aviation sector has been hit hard due to the suspension of all commercial passenger flights during the coronavirus-induced lockdown in the country

Vizag plant stabilised, teams assisting govt to assess damage: L G Polymers

Apart from the 12 casualties on Thursday, the leakage had hundreds of people living closer to the plant in Visakhapatnam under medical emergency

Covid-19 impact: Facebook employees to work from home till 2020 end

Facebook CEO Zuckerberg had announced that the company is cancelling physical events with more than 50 people through June 2021

How India is ensuring uninterrupted supply of milk during Covid-19 lockdown

The cooperative model in India went out of the way to protect milk producers

Saudi, US companies also eyeing stakes in Reliance's Jio Platforms

The deal could be completed as soon as this month, though no agreement has been finalised and plans may change

Covid-19 impact: SBI Cards' pre-tax profit dips 71% to Rs 112 cr in Q4 FY20

Had it not been for Covid-19 impact, the company would have reported a sharp 80 per cent year-on-year jump in its pre-tax profit to Rs 692 core.

Vista Equity Partners to invest Rs 11,367 crore in Jio Platforms

Deal part of RIL plan to unlock 19% stake in Jio to become debt-free

IndiGo reinstates pay cuts, introduces leave without pay for senior staff

IndiGo had announced pay cuts for its senior employees on March 19. However, it rolled back the decision on April 23

FY21 will test RBL Bank on many fronts, investors advised caution

While high NIMs put the bank's pricing power in good light, some reversal is expected in FY21 due to surplus liquidity, change in mix and a likely rise in bad loans

MSME sector's bad loan ratio at 12.5% as of January, shows report

NPA level of public sector banks has increased from 18 per cent in December 2018 to 19 per cent in December 2019

Lockdown 3.0: Pharma hubs take extra precaution to tame Covid-19 outbreak

Recently, while 26 workers at Cadila Pharmaceuticals facility in Ahmedabad tested positive for Covid-19, one person at Sun Pharma's Halol plant tested positive.

Lenders again extend date for inviting bids for Lavasa Corporation

According to an insider, as the IBC process will not be able to garner good offers and the company should not be sent for liquidation as all stakeholders will lose money in the process

We are better placed to withstand Covid-19 impact: Cognizant CEO Humphries

In a Q&A, Brian Humphries says his firm has handled the ransomware attack well and doesn't see any impact on client engagement

Serum Institute hopes to roll out a Covid-19 vaccine. Is this realistic?

The Pune-based company plans to start trials on people to assess whether the Bacille Calmette-Guerin (BCG) vaccine for tuberculosis can also protect against the Covid-19 virus.

NLC on war footing to operationalise boiler units after Thursday mishap

The company has asked an expert to investigate the mishap, even as two of the eight workmen who sustained injuries are under special care

Dr Reddy's gets USFDA inspection closure report fo Srikakulam unit

The plant is one of the company's three units that were served a warning letter in November 2015 for not following the prescribed operational and manufacturing quality standards

India's plastic exporters eye China's market share in western world

India's share in the $1 trillion global plastic exports market is 1% currently, while China's is as much as 10%

Caspian Debt receives $20 mn from US govt agency as long-term debt

Caspian aims to use the funds to invest in under-served emerging enterprises and women-centric businesses.

Pharma export growth in FY20 down to single digit due to Covid: Pharmexcil

Export growth started declining in February and turned negative in March, at -23.24 per cent