Page 3170 - Company News

Life insurance companies register 11.36% growth in premium income in FY20

The 24 life insurance companies' collective premium income stood at Rs 43.33 trillion during fiscal year 2018-19

Reliance begins using WhatsApp for grocery deliveries through JioMart

The Facebook deal will help Ambani set up a digital platform to take on Amazon and Walmart's Flipkart in an e-commerce market

Franklin Templeton MF committed to return investors money: Sanjay Sapre

"We are committed to doing all we can to return money in the schemes that are wound up at the earliest to investors," Franklin Templeton Asset Management (India) President said

NBFC Sundaram Finance revises interest rates with effect from May 1

The interest rates on fresh deposits/renewals stand revised to 6.75% (7%) per annum for 12 and 18 months and to 7% (7.25%) for 24 and 36 months

Firms that can survive with social distancing to spring back faster: Report

Sectors with complex value chains, particularly electronics & automotive products, would be most impacted

Bitcoin is like a poetry, can bring a sea change in the world: Jack Dorsey

Dorsey has also hired Bitcoin developers for his payments company, Square

Coronavirus impact: 60% firms run at less than 25% capacity, says CII

The movement of workers and raw materials remain key hurdles to resuming businesses despite the government allowing major chunks of the industry to operate

Days after deal with Facebook, RIL starts WhatsApp-based online portal

JioMart, an e-commerce venture of Reliance Retail, went live in three neighbourhoods surrounding Mumbai, leveraging a deal that gives it access to WhatsApp's 400 million users in India

This pharma hub gets back on its feet after relief in locked-down India

Baddi accounts for 35-40 per cent of India's domestic pharmaceutical output

From Adani Gas to IOC, over 80 force majeure requests flood PNGRB

According to multiple sources close to the development, the big firms that applied for force majeure include Adani Gas, Gail Gas, Indian Oil Corporation, Indraprastha Gas, Haryana City Gas

Lockdown 2.0: Parle-G maker bucks trend; plants hum at 60% capacity

Mayank Shah, senior category head, Parle Products, admits that the first phase of the lockdown saw the company operate with a few plants and acute labour shortage

Tata Steel talks relief package with UK govt amid coronavirus outbreak

UK media reports suggested that the size of the package could be £500 million.

It will be survival of the fittest in the long run: Oberoi Realty CMD

There will be a huge supply constraint and this in turn will continue to maintain the prices, or may even push the price of ready flats up, Vikas Oberoi says

How brands are adopting creative ways to communicate amid Covid-19 lockdown

The problem is deep, if one were to look at the consumer responses to a recent study from Kantar to assess how they expected businesses to act during the coronavirus pandemic

Samsung, Google offer free phone repairs to healthcare workers till June 30

The two companies will be offering the repairs in partnership with phone repair company uBreakiFix

Covid-19 impact: Now order groceries from restaurants on Swiggy, Zomato

A spokesperson for Zomato said a few of its restaurant partners did reach out to list themselves on the Zomato Market as they were busy restructuring their businesses due to the lockdown.

Udaan lays off several contractual staff, offers one-month compensation

However, no decision has been taken on laying off permanent employees

Cox & Kings forged financials; siphoned off Rs 4,387 cr: Audit report

In August 2019, the lenders had appointed audit firm PwC to examine the CKL

Franklin Templeton fund of funds sees sharp value drop after scheme wind-up

Six fund-of-funds schemes take 6-25% NAV hit to their exposure to schemes wound up by the AMC

ICICI Pru Life pre-tax profit down 38% in Q4 on investment losses

Insurer's full-year income halves to Rs 20,843 crore from Rs 41,523 crore in FY19