Page 3177 - Company News

Meat retailers switch to online models, see sales double during lockdown

India is one of the countries with the lowest per capita meat consumption in the world

GAIL lines up plans to restart infra projects post Covid-19 lockdown

High-pressure natural gas pipelines, including Urjja Ganga project connecting North and East India, will be taken up immediately; migrant labour allowed to stay at work sites

Ambuja Cement to start production from April 20, seeks approval from govt

On March 23, Ambuja Cements temporarily suspended its operations at various locations, in compliance with the direction issued by the government in view of the pandemic

Air India opens bookings on select domestic routes for travel from May 4

India has been under lockdown since March 25 to curb the spread of novel coronavirus

Covid-19 impact: Jaguar Land Rover sales dip 12% in 2019-20 in 4th quarter

The company's total retail sales in the fourth quarter of the previous financial year stood at 1,09,869 vehicles, down 30.9% as compared with the January-March period of the FY 2018-19

Hyundai partners with Air Liquide Medical Systems to produce ventilators

The partnership will augment the production and supply of ventilators in Tamil Nadu and other states

Amusement industry fears Rs 1,100 cr in losses as coronavirus shuts economy

With a business of over Rs 2,700 crore per annum, India's amusement industry faces the prospects of a downslide to estimated losses of Rs 1,100 crore, top players apprehend.

Covid-19: Walmart, Flipkart commit Rs 46 cr to donate PPEs, support SMEs

Walmart Inc and e-commerce major Flipkart will spend Rs 38.3 crore towards in-kind donations into India to help with the front-line response efforts, a statement said.

HDFC Bank's Q4 consolidated net profit rises 15.4% to Rs 7,280 cr

The bank said it will not make any further dividend payouts from profit pertaining to 2019-20, in line with RBI directives announced on Friday

Govt nod must for all FDI from neighbouring nations, including China: DPIIT

Aim is to curb 'opportunistic takeover' of Indian companies due to the current Covid-19 pandemic, new rules also apply to transfer of ownership of FDI

Soft support: Company makes low-cost cardboard beds for Covid-19 patients

These beds, that Aryan Paper claims can support the weight of over 200 kgs, are light weight, easy to move, assemble and also easy to dispose

Eros International announces all-share merger with STX Entertainment

Over $75 million in commitments have been already received, while the rest will be tied-up before the execution of the merger

Covid-19: Domestic firms diversify to ramp up availability of PPE kits

According to HLL Lifecare, a nodal government-owned body that has been tasked to procure PPE kits, the country immediately needs 10 million PPE kits, including N-95 masks

People have reduced buying frenzy: Spencer's Retail's Shashwat Goenka

Supply chain for essential items has been ensured in the country, says Shashwat Goenka, sector head for FMCG & Retail at Spencer's Retail.

Hurt by consumption slowdown earlier, small brands bounce back in lockdown

Over 150 new players seen in hygiene category alone; food business also sees similar rush

Drug regulator asks traders to stock 55 ICU drugs for Covid-19 treatment

These drugs are in addition to the requirement to hydroxychloroquine and Azithromycin for patients, healthcare workers and household contacts of positive cases

RBI assumes protective role, asks banks not to pay dividend for FY20

Experts say while the decision is positive, it may not make any significant contribution

L&T gets orders worth Rs 27,000 cr from domestic clients in April so far

Analysts see these order wins as spill-overs from the quarter ended March, 2020

PNGRB likely to extend deadline by at least 3 months for city gas players

With the completion of the tenth round, the CGD network will be available in 228 GAs, comprising 402 districts spread over 27 states and Union Territories

TVS acquires Britain's most iconic sporting motorcycle brand 'Norton'

Founded by James Lansdowne Norton, in Birmingham, in 1898, Norton Motorcycles is among the most popular British motorcycle brands of all time and is one of the most emotive marques today