Page 3179 - Company News
AXA moots mass insurance scheme for loss of income during pandemic lockdown
The insurance cover can guarantee a regular pay-out for a specific time frame to these affected individuals
 "AXA moots mass insurance scheme for loss of income during pandemic lockdown")
Covid-19: Gold loan providers to resume operations of 90% of their branches
These companies are prepared to lend more to customers as the price of gold mortgaged by them has gone up sharply, making them eligible for larger loans
 "Covid-19: Gold loan providers to resume operations of 90% of their branches")
How a bunch of outfits are still getting organic produce to your doorstep
Ritwik Sharma on the outfits that are bringing organic farm produce to your doorstep during the lockdown
 "How a bunch of outfits are still getting organic produce to your doorstep")
Walmart, Flipkart secure one million medical gowns in coronavirus fight
The companies have committed Rs 46 crore to support India's fight against the pandemic.
 "Walmart, Flipkart secure one million medical gowns in coronavirus fight")
Larsen & Toubro to now manage communication network of armed forces
The final step was taken when L&T secured a coveted order to create the software backbone that ill manage the AFN
 "Larsen & Toubro to now manage communication network of armed forces")
Hyundai plans to go ahead with new launches, doesn't see Covid-19 roadblock
Company says work-from-home has been useful; doesn't foresee any delay in launches as it awaits govt clarity on resuming operations
 "Hyundai plans to go ahead with new launches, doesn't see Covid-19 roadblock")
Suzlon board okays proposals to restructure outstanding debt, bonds dues
A company official said the company's outstanding debt is close to Rs 12,500 crore, while due bonds are worth USD 172 million
 "Suzlon board okays proposals to restructure outstanding debt, bonds dues")
Eros merges with Hollywood producer STX Entertainment in bid to go global
It's an all-stock deal, newly-formed entity Eros STX Entertainment Corp sees $125 million in PE Funding
 "Eros merges with Hollywood producer STX Entertainment in bid to go global")
Punjab & Sind Bank declares Golden Jubilee Hotels as fraud account
Golden Jubilee Hotels Pvt Ltd is a public-private partnership (PPP) with the Department of Tourism and Youth Advancement, Tourism & Culture, Government of Telangana
 "Punjab & Sind Bank declares Golden Jubilee Hotels as fraud account")
Covid-19 lockdown to further paralyse cash flow, coal supply of power units
Sector experts believe the double trouble is likely to stay for the next three quarters and could hurt the supply chain from coal to power despatch.
 "Covid-19 lockdown to further paralyse cash flow, coal supply of power units")
Nalco wins mining rights for Utkal-D coal block, E-block is next
This is an important milestone for the firm as captive coal production can cut aluminium smelting costs by 25%
 "Nalco wins mining rights for Utkal-D coal block, E-block is next")
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
 "Meat retailers switch to online models, see sales double during lockdown")
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
 "GAIL lines up plans to restart infra projects post Covid-19 lockdown")
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
 "Ambuja Cement to start production from April 20, seeks approval from govt")
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
 "Air India opens bookings on select domestic routes for travel from May 4")
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
 "Covid-19 impact: Jaguar Land Rover sales dip 12% in 2019-20 in 4th quarter")
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.
 "Amusement industry fears Rs 1,100 cr in losses as coronavirus shuts economy")
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.
 "Covid-19: Walmart, Flipkart commit Rs 46 cr to donate PPEs, support SMEs")
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
 "HDFC Bank's Q4 consolidated net profit rises 15.4% to Rs 7,280 cr")