Page 3174 - Company News
Companies shift focus on reskilling workforce for post-Covid world
With job losses and redundancies looming large, firms have taken to the idea of reskilling their workforce with gusto
 "Companies shift focus on reskilling workforce for post-Covid world")
Why Facebook is spending billions for a minority stake in Reliance Jio
The social media giant apparently seeks to catch up on mobile commerce after its WhatsApp Pay failed to make a mark
 "Why Facebook is spending billions for a minority stake in Reliance Jio")
Why Facebook, Reliance Jio deal is a wake-up call for Amazon, Flipkart
Reliance Jio-Facebook deal is an attempt to marry e-commerce with social media, say analysts.
 "Why Facebook, Reliance Jio deal is a wake-up call for Amazon, Flipkart")
Facebook-RIL deal to drive investors' confidence in India's telecom space
Experts tracking the space are of the opinion that the investment reposes global investors' confidence in India's telecom and broadband space
 "Facebook-RIL deal to drive investors' confidence in India's telecom space")
After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?
Mukesh Ambani, in August 2019, had said he wanted to make RIL a zero-debt company in 18 months by selling stakes in several businesses and unlocking value in some others
 "After Facebook, what other deals are in the offing for Mukesh Ambani' RIL?")
Retailers want govt to allow sale of non-essentials amid Covid-19 lockdown
Extend relaxations given to manufacturing units in green zones to retail sector, say industry players
 "Retailers want govt to allow sale of non-essentials amid Covid-19 lockdown")
Covid-19 impact: Cement companies resume ops with minimal production
UltraTech Cement, as well as other companies like Dalmia Bharat Cement, Heidelberg Cement India and others, said that partial operations at some of the companies' plants have resumed
 "Covid-19 impact: Cement companies resume ops with minimal production")
Large stimulus critical for re-starting economic engine: MD, Ashok Leyland
Supply chains need to be re-started, migrant labour needs to come back to work (in a systematic and safe manner), and consumer demand needs to be triggered, says Vipin Sondhi
 "Large stimulus critical for re-starting economic engine: MD, Ashok Leyland")
Oyo asks all employees to take 25% pay cut; some to be sent on furlough
OYO CEO for India Rohit Kapoor communicated the decision through an email to employees after a company townhall on Wednesday
 "Oyo asks all employees to take 25% pay cut; some to be sent on furlough")
Hindustan Unilever's valuation premium over peers hits record high
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
 "Hindustan Unilever's valuation premium over peers hits record high")
Coronavirus lockdown measures drag Tata Steel's fourth quarter sales
Tata Steel India also achieved an eight per cent year-on-year production growth to 18.21 million tonnes for the full year FY20 along with best ever annual sales at 16.97 million tonnes
 "Coronavirus lockdown measures drag Tata Steel's fourth quarter sales")
India battles supply snags, labour shortages to make affordable ventilators
Nocca is in talks with several large manufacturers to start production once its prototypes clear tests by early May
 "India battles supply snags, labour shortages to make affordable ventilators")
Facebook to invest $5.7 bn in RIL's Jio Platforms to pick up 9.99% stake
Jio Platforms, Reliance Retail and WhatsApp also enter into a commercial partnership agreement
Facebook's $5.7 billion investment in Reliance Jio: All you need to know
With this investment, Facebook will own 9.9 per cent stake in Jio Platforms. This would be Facebook's biggest minority shareholding ever
 "Facebook's $5.7 billion investment in Reliance Jio: All you need to know")
Need to open industry across zones amid Covid-19 lockdown: CII to govt
The Home Ministry order classifies areas of large outbreak, or clusters with a significant spread of the virus, as 'hotspots' or red zones.
 "Need to open industry across zones amid Covid-19 lockdown: CII to govt")
Bombay HC quashes criminal charges against ex-IFIN auditor Deloitte & KPMG
Grants govt eight weeks' time to appeal in Supreme Court despite opposition from the auditor's lawyers
 "Bombay HC quashes criminal charges against ex-IFIN auditor Deloitte & KPMG")
Airlines seek 6 month lease rent deferral, rates reduction to cut costs
Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.
 "Airlines seek 6 month lease rent deferral, rates reduction to cut costs")
Covid-19: Wipro Consumer Care fast-tracks launch of health-related products
According to reports, the Indian hand hygiene market is expected to cross Rs 2,000 crore by 2025 registering a compounded annual growth rate of more than 9 per cent
 "Covid-19: Wipro Consumer Care fast-tracks launch of health-related products")
Facebook to buy 9.9% in Jio for $5.7 bn in largest tech FDI for minority stake
In a Facebook post, Mark Zuckerberg announced that the two companies are joining hands to help people and businesses in India create new opportunities
Coronavirus impact: Airlines dismiss proposal to keep middle seat vacant
Suggest mandatory masks, gloves for passengers to ensure safety
 "Coronavirus impact: Airlines dismiss proposal to keep middle seat vacant")