Page 3195 - Company News

Trai asks telcos for data on recharge pattern of prepaid users in lockdown

The communication from the regulator has gone to all operators, including state-owned telecom companies

Moody's puts JSW Steel's rating on review for downgrade over Covid-19 shock

Agency says weaknesses in JSW's credit profile, such as its exposure to weakening steel demand for manufacturing and volatile material costs, have left it vulnerable to shifts in market sentiment

Covid-19: After economic fallout, Apple, Xiaomi show some recovery in China

Apple shipped 2.5 million iPhones to China in March after a virus slump the previous month, show government data

Bike sharing start-ups now help e-commerce firms to deliver essentials

While Yulu is fulfilling 1,000 orders in a day, Bounce has tied up with over 13 start-ups to help them deliver essentials

RIL to raise Rs 9,000 cr via NCD issue on April 16 to refinance rupee debt

The most cash-rich company is also one of the most indebted corporates sitting on debt pile of over Rs 1.54 trillion as of March 2020.

Covid-19: MSSL board gives nod to raise Rs 10 billion to enhance liquidity

The firm, which has plants in India, Europe and America that are temporarily closed now, said it has received positive reopening dates for the vast majority of the plants by end of April/ early May.

Samsung Display closes part of Vietnamese plant to curb coronavirus spread

According to the Vietnamese health authorities, the 26-year-old man showed symptoms on March 31 and worked until last Monday. He was diagnosed with COVID-19 on Sunday

Biocon, Mylan launch Fulphila, a biosimilar Pegfilgrastim in Australia

CEO of Biocon Biologics, Dr Christiane Hamacher said, Fulphila, co-developed by Biocon Biologics and Mylan, is the third biosimilar to be commercialised in Australia

Covid-19 lockdown: 12-hr workday in Rajasthan factories, Punjab may follow

State invokes powers under Factories Act to extend maximum hours to 12 from eight earlier; Other states may follow as move is aimed to ensure production isn't impacted due to reduced workforce

Covid-19 impact: Analysts see over 20% decline in Q4 profit for GCPL

High revenue decline resulting in weak operating leverage to result in 220 bps fall in operating profit margin

Extended lockdown, slow recovery to dent Phoenix Mills' revenues

35% correction and long-term growth plans keep brokerages positive

Covid-19 Lockdown: Flour mills run at 25% capacity on wheat, labour paucity

Wheat procurement has become a problem due to closure of several mandis. Also, truck operators aren't plying fear of police harassment, despite govt's go-ahead on inter-state movement

Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion

The sectors that have been most impacted are transport, hospitality, and real estate

Coronavirus related order flows add to BEL, BEML's strong prospects

Existing defence orders in execution stage to remain BEL's earning drivers, while BEML to also gain from railway projects

Covid-19 lockdown: India Inc more vulnerable now than in recession of 2008

Profitability and cash reserves have halved since the global financial crisis

Coronavirus outbreak: Passenger vehicle sales plunge 51% in March

Two-wheeler sales saw a decline of nearly 40%, says Siam

Adani Ports raises Rs 1,500 cr through non-convertible debentures

The NCDs will be listed on the Wholesale Debt Market segment of the BSE.The finance committee meeting of the company held a meeting on Monday.

Advertisers blur the line between real life stories and scripted narratives

Experts say brands must tread carefully and the messaging must be sensitive to the emerging situation

Covid-19 pandemic to keep Indian steel exports subdued in near term: ICRA

Since 2014-15, India's steel exports and imports have witnessed a roller coaster run. Both in FY15 and FY16, imports trumped exports significantly

Working capacity at 25% may be unviable as industry awaits end of lockdown

Auto component vendor Nippon Paint India said that at 25 per cent capacity, it will not even meet plant overhead costs, leave alone company overheads.