Page 3171 - Company News

Recycling units to lose Rs 22,000 cr as demurrage and detention costs soar

Shipping lines and container freight stations ignore official directives calling for a waiver on these charges

Coronavirus impact: Top pharma companies fare better during lockdown

New launches stagnate as fresh prescriptions dry up

L&T defers salary appraisals over Rs 12,000 cr billing loss since lockdown

Analysts raise concerns over Q1 show, firm to shift focus to Africa as West Asian market turns weak

Covid-19 impact: Retail demand for cement, steel goes missing amid lockdown

While companies are unable to move material, dealers continue to suffer due to absence of any business

Textile units to see 25% spike in production costs due to Covid compliance

Some plan to operate at 50% capacity, due to huge inventory piled up with distributors and retailers before the lockdown

Lighter workload, better safety: French court backs Amazon workers

Amazon must limit deliveries in France to IT products, health items, food and pet food, the Court of Appeal said, upholding a previous order for the firm to curtail shipments

HDFC invokes pledged shares to acquire 6.43% stake in Reliance Capital

These shares were acquired pursuant to invocation of pledge by security trustee on behalf of the corporation, which was pledged against a loan given by the lender in its normal course of business

Air India employees urge govt to cancel airlines' decision to cut pay

The unions pointed out that the Centre has invoked the provisions of the Disaster Management Act, 2005 with directions to implement lockdown measures for the containment of spread of Covid-19

Banks want IBC proceedings in all pending cases to be suspended for 2 years

Fall in valuation, lack of demand cited as reasons

Lockdown 2.0: India Inc lends help to dealers amid coronavirus crisis

Incentive hikes, credit period extension among steps taken to support them during corona crisis

Covid impact: Domestic sugar consumption likely to dip 2 million tonnes

According to estimates, domestic institutional sales account for 65-70 per cent of the total sugar sales with the remaining emerging from the household segment

Here's why NBFC stocks may turn into a heap of trouble for investors

NBFCs may be forced to dig into their cash reserves if systemic liquidity support dries up

Link motor third-party obligation to number of uninsured vehicles: Irdai

Currently, the motor third party obligation is based on the amount of premiums an insurer collects on any given year out of motor third party business.

Mercedes-Benz India to offer full-range of vehicles online starting Friday

Under the used car business, more than 150 cars were sold online in the months of January and February in 2020

Crisil revises ratings outlook on Hindalco to stable from positive

Debt-funded Aleris purchase, likely moderation in operating profits amid Covid-19 could push up debt/EBITDA ratio

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

Bharti Infratel, Indus have the right to end proposed merger: Akhil Gupta

Bharti Infratel, currently owned 53.5% by Bharti Airtel, owns and operates over 40,000 towers

Drug shortages in US market, compliance gains positive for pharma exporters

Shortage of drugs in the US market is at five-year highs

Pharma traders seek IT rule exemption as retailers pay stockists in cash

They fear scrutiny by tax authorities at a later date, assure that the relaxation will not be misused

30 days into coronavirus lockdown: Impact on digital payment transactions

As citizens came forward to help those affected by the lockdown, online donations towards NGOs increased by 180 per cent. Sectors such as utilities, media and entertainment witnessed growth.