Page 3192 - Company News

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

Indian IT firms set to defer annual wage hike plans, but say 'no layoffs'

TCS and Wipro have already said they will hold back increments; other companies are likely to follow suit.

Lockdown 2.0: Office space leasing sees 37% fall on coronavirus outbreak

Companies deferred their decision to hire workspace amid global economic slowdown caused by Covid-19, according to Cushman & Wakefield.

Q4 earnings preview: Nifty50 firms' net profit likely to decline 19%

Top brokerages expect a 19 per cent year-on-year (YoY) fall in the combined net profit of India's top 50 listed companies, while their combined net revenue may decline by 5.2 per cent in Q4

Paytm to give ESOPs worth Rs 250 crore this year, hire 500 people

The exercise, which will be completed over the next 3-4 months, will include high performing employees as well as new hires, Paytm said.

Tour operators demand full refund of air tickets booked during lockdown

The nationwide lockdown to curb spreading of coronavirus infections has been extended till May 3. Initially, the lockdown, which began from May 25, was to end on April 14

Fitness, health startup Cure.fit launches grocery delivery services

The firm will deliver ready to cook meals, staples like pulses, atta, and spices, dairy products, and nutrition products

E-commerce firms woo sellers with offers ahead of resuming operations

Amazon has already announced waiver of commissions for small sellers by almost half, larger rival Flipkart said that it is taking proactive steps to settle the payments related to cancelled orders

Coronavirus makes Amazon do the unthinkable: Nudging customers to buy less

Amazon is suppressing extraneous consumption in various ways, according to a report in the Wall Street Journal.