Page 3204 - Company News

Tatas open their vault, commit Rs 1,500 crore to fight coronavirus

Tata said urgent emergency resources were needed to be deployed to cope with the one of the toughest challenges the human race will face

CII requests govt to allow passing resolutions without board meeting

Currently, board meetings are required for matters such as deciding on buy-back of securities, investing funds of the company, borrow monies, taking over a compan

Toll collection period in contracts to be extended to compensate operators

India Ratings and Research says the lockdowns would hit infrastructure construction and revenue growth of the implementing companies

Exodus of workers, logistical hurdles hurting business, India Inc to govt

The issues formed key concerns raised by industry during a meeting with Commerce and Industry Minister Piyush Goyal held via video conference on Saturday

CRISIL downgrades ratings for SpiceJet to 'B' as business takes hit

Puts ratings for three airports "under watch negative"

Coronavirus outbreak puts brakes on corporate fraud investigations

Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters

Telcos to opt for EMI moratorium; tariff to remain stable, says COAI

Cellular Operators Association of India (COAI) also allayed fear of hike in tariff by the telecom operators.

Tea companies may lose Rs 2000 cr this year due to coronavirus outbreak

All of the 1422 registered tea estates and more than 250,000 micro-small planters have stopped production citing safety precautions for workers, unavailability of transport

Practo makes booking available for Covid-19 tests, partners with Thyrocare

While starting from Saturday the test has been made available for Mumbai residents, it will be expanded to the rest of the country.

Budding medical devices firms innovate to tackle coronavirus pandemic

All these will be available on Healthcare Innovation for Indian Healthcare (Hiiih), a medical entrepreneurship and innovation-enabling platform.

NTPC readies its hospitals for Covid-19, offers them to state govts

According to the statement, as many as 121 beds, with all facilities, have been turned into isolation wards in these hospitals.

Tatas Trusts pledge Rs 500 crore for fight against coronavirus in India

Besides, it would also be used for setting up modular treatment facilities for infected patients, knowledge management and training of health workers and the general public, Tata Trusts said.

Coronavirus: Maruti teams up with AgVa to scale up ventilator production

The company would work with AgVa Healthcare to rapidly scale up production of ventilators with intention of reaching a volume of 10,000 units per month, it added.

New order facilitating doorstep delivery of drugs confuses e-pharma firms

The notification allows licence holders to deliver drugs but these online marketplaces, which connects sellers and customers, do not hold any licence

Shuttl plans salary cuts and lay-offs amid coronavirus lockdown

In mail to employees, co-founder and CEO Amit Singh stated that he and co-founder Deepanshu Malviya were taking a 50 per cent salary cut

Vedanta's Venkatakrishnan resigns; Sunil Duggal appointed interim CEO

The company further announced appointment of Anil Agarwal as additional non-executive director designated as chairman of the company's board with effect from Saturday

Alphabet to donate $800 mn in response to coronavirus outbreak

The company will provide $340 million in Google ad credits to small and medium businesses active on its platform and $250 million in ad grants

Vistara Airlines announces leave without pay, defers annual increment

Air India, GoAir and IndiGo have already announced salary cuts to tide over cash crunch caused by suspension of operations

Bhavish Aggarwal to forgo salary for 1 year; Ola launches fund for drivers

"Millions of drivers and their families have been affected, and even a humble contribution can have a lasting impact on their wellbeing," said Anand Subramanian, Spokesperson of Ola

Covid-19: Cognizant to give 25% extra pay to two-thirds of India workforce

The company has allowed work from home for the majority of its offshore teams to ensure employee health and safety