Page 3180 - Company News

Covid-19 impact: Now order groceries from restaurants on Swiggy, Zomato

A spokesperson for Zomato said a few of its restaurant partners did reach out to list themselves on the Zomato Market as they were busy restructuring their businesses due to the lockdown.

Udaan lays off several contractual staff, offers one-month compensation

However, no decision has been taken on laying off permanent employees

Cox & Kings forged financials; siphoned off Rs 4,387 cr: Audit report

In August 2019, the lenders had appointed audit firm PwC to examine the CKL

Franklin Templeton fund of funds sees sharp value drop after scheme wind-up

Six fund-of-funds schemes take 6-25% NAV hit to their exposure to schemes wound up by the AMC

ICICI Pru Life pre-tax profit down 38% in Q4 on investment losses

Insurer's full-year income halves to Rs 20,843 crore from Rs 41,523 crore in FY19

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