Page 3193 - Company News

Info Edge: Tough days ahead for naukri.com and 99acres amid Covid-19 crisis

With over 50 per cent of revenues under pressure, valuations aren't supportive

A year after, Jet Airways' lenders and employees still await payments

The airline operated its last flight between Amritsar-Mumbai on April 17 last year as lenders turned down its demand for an emergency funding

TCS net profit flat at Rs 8,049 crore in Q4; freezes salary hike

The numbers are largely in line with street expectations. Brokerages (on an average basis) expected net profit or profit after tax (PAT) for the quarter to fall 0.3 per cent QoQ to Rs 8,095.4 crore.

Benign valuations, long-term triggers favour Cummins India stock

Weak exports and sluggish capex cycle suggest that there would be some near-term pain

Covid-19 outbreak: Pain may not be limited to lockdown, say retailers

Change in consumer behaviour and higher fixed costs are major concerns, leading analysts to cut FY21 earnings estimate by 15-40 per cent

Auto firms say won't make cars till there is clarity on retail sales

Hyundai, Renault extend suspension of production; Maruti, Tata yet to take a call

Lockdown 2.0: E-tailers can sell non-essentials on state nod from April 20

The clarification from a senior home ministry official came a day after Union Home Secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.

Coronavirus takes away the sheen from Hindalco's Aleris acquisition

While two units are to be divested, outlook for high-end aerospace business is soft

Covid-19 pandemic may eat into bonuses of domestic investment bankers

Increments, on the other hand, are likely be shelved altogether considering the bleak outlook for fundraising in FY21

Covid-19 crisis: Real estate sentiment hits all-time low in March quarter

The survey found that the current and future sentiment score has nosedived to the lowest levels in Q1 2020 in the wake of the ongoing Covid-19 outbreak.

E-pharmacies ramp up hiring as orders grow two-fold amid Covid-19 lockdown

Gurugram-based 1mg, for example, is looking to immediately hire 500 people and another 1,000 over the next 2-3 months

Insurance firms looks to bridge online trust deficit amid Covid--19 crisis

With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world

Coronavirus impact: TCS not to retrench employees, freezes salary hikes

The company reported a healthy profit jump for the March quarter, but hinted at very difficult time in the first two quarters of the current fiscal due to COVID-19 crisis, including a revenue contract

UP allows 9 industries to operate at 50% capacity amid Covid-19 lockdown

These industries include cement, steel, chemical, textile barring garments, foundries and a few others

Covid-19: Some state govts allow e-commerce firms to sell non-essentials

Products related to electronics such as phones, laptops and televisions are among the first ones to be allowed by various governments of states such as Rajasthan and Maharastra.

Race for vaccine against coronavirus heats up in India; 6 firms in the fray

With vaccines of some firms already in the animal trial phase, developers say that if all goes well, India can have a vaccine by next year, ahead of the earlier timelines

Covid-19 impact: BMW India sales fall 17% to 2,482 units in January-March

BMW Motorrad motorcycle sales, however, rose 71.52 per cent to 1,024 units during the first quarter of the year as compared with 597 units in January-March period last year.

India Inc grapples with rising rating downgrades, revisions in outlook

Domestic rating agency CARE revised outlook on rating for Tata group-owned Indian Hotels Company Ltd from "stable" to 'negative'

Conversational artificial intelligence firm Yellow Messenger raises $20 mn

The fresh capital will help the company fuel international growth across the US, Europe, Latin America, and Asia-Pacific markets

Hit by Covid-19 lockdown, Grasim puts capital expenditure for FY21 on hold

Top company executives said the firm had earlier planned to invest about Rs 3,880 crore in the present financial year.