Page 3207 - Company News

RIL promoter firm offloads shares worth over Rs 11K-cr in open market deals

Devarshi Commercials sold shares of Reliance Industries through two separate transactions.

Coronavirus: IndiGo offers its aircraft, crew to ferry medicine, equipment

India has banned international commercial passenger flights for a period of one week from Sunday. Moreover, domestic flights have also been suspended from Tuesday midnight

Coronavirus: Firms count losses as summer products face pandemic heat

With all non-essential stores shuttered and e-commerce firms postponing deliveries of such items, sales have come to a halt

Coronavirus: Govt asks car manufacturers to explore ventilator production

According to a study Brookings Institution, by May 15, India will need 110,000 to 220,000 ventilators while it currently has 17,850 to 25,556 units

Coronavirus impact: IndianOil realigns production after LPG demand rise

IndianOil sells about 300,000 cylinders every day and has a refining capacity of about 81 million tonnes

Flipkart to resume sales of products after assurance on staff's safety

Flipkart halted all shopping on its website and mobile app early on Wednesday, only hours after PM Narendra Modi ordered a 21-day nationwide lockdown to counter the spread of the coronavirus

Indian LNG importers issue force majeure notices as gas demand slumps

Top gas importer Petronet LNG has served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes.

YES Banks needs up to Rs 13,000 crore in equity in 1-2 years: ICRA

Reconstituted Board meets on March 26

Shipping Ministry protocol for vessels to hurt cement industry importers

According to the protocol rolled out over the weekend by the ministry, vessels arriving at Indian ports from infected countries within 14 days have to be quarantined for 14 more days.

Microsoft will overcome Covid-19 crisis 'pretty strong', says Satya Nadella

We have a great balance sheet, we are a very diverse business, we have a mix of annuity, non-annuity, that is also stronger than even the last time we even went into the financial crisis, he said

Covid-19: Air India to incur Rs 30-35 cr loss per day after flying ban

Air India's total earnings per day are around Rs 60-65 crore and 90 per cent of this comes from passenger revenue, he said adding, "the expenses too are in the same range

Reliance Industries stock zooms 10%, pips TCS to become most-valued firm

The company's scrip zoomed 9.74 per cent to Rs 1,035 on the BSE

Covid-19: MakeMyTrip execs to draw zero salary, leadership to take 50% cut

The group is reviewing operating costs and plans to undertake multiple tough measures to keep overall expenses at a minimum

Covid-19: GoAir is third airline to cut salaries, all staff to take hit

Extent of March pay cut not known, lowest pay grades will suffer least; domestic airlines have sought urgent funding from govt to pay 50% staff salaries for next three months

OYO offers free stay to medical staff, first responders in the US

The US is seen as the new epicentre of the disease, with nearly 55,000 cases and over 700 deaths

Coronavirus outbreak will hit lending: Genpact ex-CEO Pramod Bhasin

According to him, demand reduction is likely to be over 50 per cent in many cases

Sameer Aggarwal elevated to Walmart India CEO, takes charge on April 1

This is his third promotion in the two years since he joined the company in April 2018 as Exec Vice President; taking over from Krish Iyer

Sameer Aggarwal elevated to Walmart India CEO, takes charge on April 1

This is his third promotion in the two years since he joined the company in April 2018 as Exec Vice President; taking over from Krish Iyer

Covid-19: India's outsourcing sector struggles with work-from-home scenario

That raises questions about whether one of India's showpiece industries can function smoothly amid the coronavirus crisis.

Ashok Leyland picks 3.62% stake in Hinduja Leyland Finance for Rs 202 cr

It may be noted that Ashok Leyland decided to acquire 9% stake in HLFL as against its original plan to acquire 19%