Page 3172 - Company News

Employee count shows Indian IT biggies hired fewer people in March quarter

TCS showed marginal rise in their employee count, as Infosys and Wipro witnessed drop in their staff base on sequential basis

Mindtree Q4 net profit up 4% to Rs 206 crore, flags coronavirus concerns

For Q4FY20, Mindtree posted a net profit of Rs 206.2 crore, a rise of 3.9 per cent year-on-year basis and 4.7 per cent sequentially.

Coronavirus outbreak: E-grocery market may boom after lockdown lifts

BigBasket CEO Hari Menon says more consumers will shop online than depending on traditional means after Covid

Kirana stores are the new battleground for India's e-commerce giants

National e-com marketplace to be launched shortly, to be world's largest e-com portal

Trailblazer Mercedes-Benz gears up to sell used and new cars online

The company will start to sell used cars (October 2019) and new cars on a new website, through a partnership with American online seller Roadster Inc

HCL Technologies, Tamil Nadu govt join hands to improve Covid-19 response

HCL is also helping improve and expand state's disaster management helpline (1070) with technological upgrades, manpower assistance and reporting mechanisms

Before change in FDI rules, Chinese invested millions in Indian tech firms

Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies

IndiGo may expand cargo ops to China, Malaysia to ferry essential goods

Most of these flights have been operated on a "Free-of-Cost" basis to ferry medical equipment and other essentials

Tepid power consumption in Chhattisgarh despite soaring temperature

Low industrial offtake cited as reason, as overall consumption is lower by 1,000 Mw this year

Ashok Leyland acquires 3.36% share in subsidiary Hinduja Leyland Finance

The acquisition is part of the 6.99% acquisition approved by the board of directors at a meeting held on March 21

Nestle Q1 sales beat estimates as consumers hoard pet food, coffee

Analysts on average were expecting a 3.0% increase in first-quarter underlying sales growth, according to company-supplied estimates

L&T Construction bags Eastern Dedicated Freight Corridor Project contract

The works are spread across 442 route km and 638 track km

India has potential to capture 50% of global mobile charger market: IAMAI

Global market for chargers in 2025 is estimated to be $10 billion (about Rs 76,000 crore), with smart chargers comprising around 70 per cent of the market

Speed up delivery of free cylinders to PMUY beneficiaries: Pradhan

Under the Pradhan Mantri Garib Kalyan package, over 80 million PMUY beneficiaries are eligible to get three free cylinders over the next three months

Gilead disputes report of anti-viral drug remdesivir failing Covid-19 trial

It comes days after another report of rapid recovery in fever and respiratory symptoms in some patients with Covid-19 who were treated with remdesivir at the University of Chicago Medicine hospital

Gilead's antiviral drug remedesivir being made in India on trial basis

Local drug makers start developing patented drug as govt too wishes to try it on Indians

Quarantine hotels: It's business unusual amid coronavirus outbreak

Leading hotels are taking all precautions but the unusual service the staff has been pressed into puts them at the forefront of Covid fight

Varun Beverages: Wait for clarity on lockdown, demand before investing

As sales in the peak June quarter are impacted, analysts have cut sales growth to sub-4 per cent from over 20%

Covid-19 impact: Demand, pricing pressures to weigh on Coal India

Costs unlikely to fall; does not bode well for earnings

India Inc gets IBC breather for six months amid coronavirus outbreak

Section 7 of the Code enables financial creditors to start insolvency proceedings against a company, while section 9 gives these powers to an operational creditor