Page 3206 - Company News

SAIL facing order cancellations, re-scheduling due to lockdown: Report

The steel companies were facing logistics issues, on one hand, and dealing with lower demand as most of the user industries were reeling from the impact of the lockdown.

Air India avoids default; secures refinance loan to service Rs 700 cr NCDs

The debt-laden national carrier's operations and revenue flow have been hit by coronavirus outbreak, which has also resulted in suspension of domestic and international flights.

CoSara bags licence to make Covid-19 test kits, says will price it low

The company now plans to send sample batches to National Institute of Virology, Pune, for validation

Steel firms bear the brunt of Covid-19 impact, to scale down production

Sajjan Jindal's JSW Steel has already announced its decision to cut production at its plants

Covid-19: Mars Wrigley calls for steps to ease disruptions during lockdown

The company, however, said it is working closely with local authorities to ensure product availability

Coronavirus: Airtel allows free access to its e-book platform amid lockdown

Airtel acquired a strategic stake in Juggernaut in 2017

Britannia urges govt to issue permits for food processing supply chain

Necessary permits need to be immediately issued to all of them, said Britannia Industries MD Varun Berry.

Pharma major Cipla gets USFDA nod for generic oral acid reflux drug

According to IQVIA, Nexium and its generic equivalents had US sales of around $70 million for the 12 months ended November 2019

Despite challenges, e-pharmacies sweeten the delivery pill by using tech

The platforms have seen an upsurge up to 3x their weekly average orders, with hand sanitisers and masks being the most sought-after products

Covid-19 impact: Amazon won't require sellers to repay loans until April 30

Merchants of popular items from toys to apparel have worried that the temporary ban on stocking goods in Amazon warehouses

War on Covid-19: MRF to shut plants, sales offices under 21-day lockdown

Head office to remain shut too; firm says financial impact of decision not ascertainable right now

Coronavirus: Aviation sector stares at $3.6 bn loss in Q1 on lockdown

The CAPA also sought "urgent" government intervention and coordinated industry response to address all the requirement of the aviation industry

Working with authorities so that essential services can operate: Zomato

Zomato founder and CEO Deepinder Goyal said the online restaurant guide and food ordering company is also starting a fund to cover up the lost earnings for thousands of its delivery partners

Coronavirus lockdown: Manufacturing grinds to a halt, companies shut plants

Universal Cables announced that operations at its manufacturing units in Satna had been temporarily suspended with effect from the midnight of March 24

21-day lockdown: E-commerce firms set to resume work after police assurance

The Delhi police issued a statement saying they were proactively engaging with e-commerce portals and were issuing passes to ensure agents were able to commute seamlessly

Coronavirus: IT firms ask clients abroad to allow staff to work from home

Currently, while many IT employees are working from home, a significant majority has to come to office as companies don't allow these staffers to work from home

Media stocks rebound on low valuations; analysts expect gradual recovery

Analysts expect dent in near-term profits

Ability of smaller banks to withstand coronavirus shock key for investors

Crisis of confidence after YES Bank bailout, high exposure to SME and attractive valuation of large banks to weigh on stocks

Coronavirus impact: Cyril Amarchand Mangaldas fast-tracks bonus payouts

At a time when businesses are looking to cut costs, Cyril Shroff said the firm wanted to stay true to its people-first culture

Contagion: How coronavirus may change India's entertainment industry

Social distancing, future contagions to reduce theatre traction