Page 3199 - Company News

Indian smartphone industry stares at $2 bn loss due to coronavirus lockdown

If the lockdown extends, the loss will be higher and could affect the entire supply chain and the channels in terms of revenue, payments as well

Covid-19 impact: S&P downgrades Tata Motors ratings, keeps outlook stable

The ratings agency further said it views positively the management's focus on conserving cash amid the changes in operating conditions

Airline industry braces for prolonged recovery from coronavirus crisis

Carriers including United Airlines Holdings Inc and Air New Zealand Ltd have warned they are likely to emerge from the crisis smaller, and there are fears others may not survive

Coronavirus impact: Renewal of health, auto insurance can be deferred

Payments can be made till April 21; for motor the relaxation is only for third-party insurance

Silver lining for OMCs: Low crude oil prices signal structural gains

HPCL may benefit more from improvement in marketing margins

Coronavirus impact: ONGC to lose Rs 4,000 crore with the new gas price

For every $1 dollar change, the company's revenues are impacted by Rs 4,400-4,500 crore annually.

Aurobindo Pharma's debt pain recedes after calling off deal with Sandoz

Aurobindo was scheduled to acquire the portfolio with an upfront purchase price of $900 million in cash

Amid coronavirus lockdown, gold finance companies may be less impacted

Backing of a liquid collateral and pricing power augur well

Covid-19 impact: Air India suspends contract of around 200 employees

The national carrier has already cut the allowances of all employees, except cabin crew, by 10 per cent for the next three months

Covid-19: OYO CEO Ritesh Agarwal takes 100% pay cut for rest of the year

The company's entire executive leadership team has taken a voluntary pay cut starting at 25 per cent and going up to 50 per cent

Covid-19 lockdown: Uber, BigBasket partner for essential service delivery

A B2B alliance, Uber's drivers will initially help BigBasket with last-mile delivery in Bengaluru, Hyderabad, Chandigarh and Noida

Start-ups flags concerns related to cash flow, labour in meeting with Goyal

In the meeting, the minister said the country is passing through the unprecedented crisis, and this requires prompt remedial actions.

GoAir to protect passenger fare for future travel until Apr 30, 2021

Goair had last week said this ticket credit scheme was available for bookings done till april 15 only.

Airtel is taking measures to ensure seamless network for users: CEO Vittal

Airtel CEO Gopal Vittal said efforts are on during this "incredibly difficult time" and that the company has advanced investments

Coronavirus lockdown pushes up television viewership to record levels

37 per cent jump in weekly viewing minutes; Ramayana top-rated weekend show

Covid19 impact: Steel companies struggle with labour shortage post lockdown

The public sector steel major is currently operating at 60 per cent production level and will be scaling down gradually, they said

Be prepared for the worst of Covid-19: Venture Capitalists tell start-ups

In an open letter to start-ups, these VCs pointed out that start-up founders will 'inevitably be faced with difficult decisions' on execution for the next 21-30 days

ITC ties up with Jubilant FoodWorks to deliver food items via Domino's app

Buyers can log into the app under the Domino's Essentials menu and order ITC's Aashirvaad atta and spices such as chilli, coriander and turmeric powder

Cut ops: US, Europe firms tell tech vendors in India amid Covid-19 outbreak

Experts say hospitality, manufacturing clients may hold back spends

Shapoorji Pallonji averts crisis, pays Rs 3,000 cr dues to lenders

The dues were paid without pledging the group's 18.5 per cent stake in Tata Sons, said a source close to the development.