Page 3194 - Company News

Idling trucks, staff shortage: Bottlenecks for industries amid lockdown

Close to 3.5 million trucks (along with their drivers and assistants) are off the road - some because of manpower shortage, and some because they are stuck in various parts of the country.

Covid-19: Taj-GVK Hotels seeks moratorium on loan repayments from lenders

ICRA said it has not treated the missed payment as a default for now, despite absence of a formal approval from the lenders allowing for a payment relief

Goldman Sachs buys 1.4 mn shares worth over Rs 176 cr in IndusInd Bank

According to the bulk deal data on the National Stock Exchange (NSE), Goldman Sachs (Singapore) Pte-ODI bought 1.4 million shares of the private lender, at an average price of Rs 430.3 apiece

E-commerce firms seek clarity on non-essentials; gear up for MHA guidelines

The MHA has come up with fresh guidelines allowing e-commerce companies to operate, ensuring strict social distancing without any restriction on their timing and closure, after April 20

Lockdown guidelines: IT-ITeS allowed to resume work; Nasscom hails move

India's $191 billion IT industry employs over 4.3 million people and has largely managed to service its clients during the pandemic

Buses needed as govt frames business rules during coronavirus lockdown

Millions of migrant workers have left cities for their homes during the pandemic.

Lockdown: Vistara defers payments to some suppliers, says internal memo

The pandemic has brought air travel to a virtual standstill, with many airline fleets grounded and no visibility on when travel restrictions will be eased

Hyper AI to wellness helpdesk: BPM firms adapt to coronavirus crisis

Information Technology and IT-enabled services were classified as essential services by the Indian government soon after the lockdown was announced to prevent the spread of Covid-19.

New feature on Zomato lets users monitor temperature of delivery partners

The startup is already doing contactless delivery where customers can opt to allow the delivery partner to leave the package outside their home, ensuring no human-to-human interaction

Coronavirus lockdown: Shadow looms over summer sales of Amazon, Flipkart

While Amazon India is learnt to have deferred its summer sale until further notice, sources said Flipkart doesn't have clarity on the sale event yet.

Govt guidelines on resuming work may come as a burden to companies: Experts

Rules on sanitisation, social distancing and other aspects could bump up operational costs for companies

Covid-19: Jute mills seek more relaxation to meet Rabi packaging demand

The West Bengal govt's permission to operate with 15% workforce will barely allow them to meet 15-20% of the overall demand for bags worth about Rs 1,500 cr

Aramco offers struggling refiners option to defer crude payments: Report

Oil plants are struggling with shrinking demand as coronavirus pandemic shuts off economies.

Vistara again sends senior employees on leave without pay for up to 3 days

Airline has to conserve cash during India's lockdown to contain the coronavirus, says airline CEO Leslie Thng.

Cipla Health partners Swiggy, Zomato, Dunzo to deliver wellness products

Cipla Health will cater to 4 lakh people and cover 250 stores in 45 cities across the country

Lupin pharma receives EIR from USFDA for Mandideep Unit II facility

The inspection at the facility was carried out by the US Food and Drug Administration between November 26, 2018

Coronavirus impact: S&P lowers Tata Steel rating from 'BB-' to 'B+'

The negative outlook reflects risks of further weakening in Tata Steel's credit profile if the effect of economic conditions and lower commodity prices are more prolonged than current expectations

Zomato may buy Grofers in all-stock deal amid buzz of possible merger

Reports of a possible deal surfaced Tuesday, and sources confirmed that talks were held between high-level officials of the firms.

Clearance from US drug regulator key for Lupin to sustain stock gains

The recent gains came on Monday after the company received the USFDA approval for its Nagpur facility

Covid-19: India Inc seeks easing of lockdown norms for production

Corporate houses want the governments to divide districts into smaller zones to identify low-risk areas where factories can start work, peg production capacity to the risk of Covid-19 in a zone