Page 3168 - Company News

Contactless sales to benefit passenger car, two-wheeler segments: EY

Companies like BMW, Hyundai, Volvo and Peugeot have successfully deployed almost contactless online sales globally

Covid-19 lockdown: 70% listed firms may dip into reserves for April pay

This will make it tough for many of them to service their fixed costs, such salary and wages, as well as interest on their loan.

India, China hit hard due to coronavirus, says Colgate global CEO

Both the countries reported a decline in sales in the March quarter

From airlines to automobiles, businesses see washout in April amid lockdown

According to the Indian Cellular and Electronics Association of India, the loss in revenues for mobile device manufacturers during the lockdown has been Rs 20,000 crore

Covid-19 outbreak: Now, place online orders in some districts amid lockdown

Though the new guidelines clearly spell out that only delivery of essentials will be allowed in red zones, permissions for orange and green zones are still not spelt out clearly

Decline in debt, jump in stock: UPL gives investors a pleasant surprise

Update shows 24% fall in debt; Arystra merger synergies a key re-rating trigger

Coal India reports 11% decline in production at 40 mn tonnes in April

The company had posted a total production of 45.30 million tonnes (MT) in the corresponding month of the previous financial year, CIL said in a filing to the BSE

Volkswagen ramps up used-car business, buys old vehicles from market

The company sold some 20,000 used cars last year and plans are to surpass this number going forward

After a washout month, automobile industry seeks resumption of business

All manufacturers reported zero sales in April as factories and dealerships were shut

IT firms with higher fixed-price contracts may see lower impact on top line

HCL Tech, Wipro have more than 60% of revenue coming from such contracts, while Infosys has more than 50% share

Reliance Industries confident of hitting zero net debt target by December

Focus shifts from Aramco to Jio Platforms deal to achieve the goal ahead of the March 2021 deadline

Tirupur textile workers want ESIC to pay minimum wage as units remain shut

Write to PM Modi, Finance Minister to express their woes; Tirupur has about 500,000 direct and indirect employees

Coronavirus impact: Royal Enfield reports sales of 91 units in April

The company suspended operations and production across its factories, technology centres in India and UK, all company offices and dealerships in the country starting March 23, 2020

Raymond to repurpose factories to churn out personal protection equipment

Line-up includes masks, suits, sanitizers, shoe-covers and gloves

As lay-offs loom over IT-sector SMEs, Telangana urges Centre to act

It has sought a series of measures to ensure enough cash flow to the SMEs to avoid layoffs.

CCI approves BP Global's proposed 49% acquisition of Reliance BP Mobility

RBPML currently does not conduct any business operations and accordingly does not have any business activities in India or anywhere else in the world.

India business most affected due to coronavirus lockdown: Amazon CFO

Last month, the government said e-commerce platforms would be allowed to sell only essential items during the lockdown

Covid-19 impact: Zero sales for Maruti Suzuki in April as lockdown bites

The carmaker suspended operations from March 22, in line with orders from the government as India rushed to curb the spread of the virus

Covid-19 outbreak: For big electrical players, lockdown only a blip

Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.

Cash-strapped Blue Star to raise Rs 300 crore via NCDs to meet expenses

The nationwide lockdown has impacted the company's cash flow and the firm needs funds for its business continuity and growth over the next 12-18 months, Blue Star said in a regulatory filing