Page 3212 - Company News

Amazon raises overtime pay for warehouse staff, Bezos 'ocused on COVID-19'

Hourly workers at Amazon's US warehouses will receive double pay after 40 hours for overtime.

MTNL offers to double data in broadband plans, help in coronavirus crisis

The new scheme will be provided to customers in Delhi and Mumbai where the company operates.

Data demand sees a 10% surge as people step up work from home over Covid-19

The demand for data dongles has also doubled in the last few days and many retailers are asking for a week to replenish their stocks

Global aerospace industry hits turbulence over coronavirus pandemic

India, a growing player in the global aerospace industry, is directly impacted

Centre nod to incentive scheme of Rs 40,995 cr for electronics firms

Decision to help electronics manufacturers make India a global hub; Apple, Samsung may gain

Icra downgrades ratings of Future group holding company over debt pile-up

Furthermore, despite monetisation of investments across various group entities, the total group debt has increased as of December 31, 2019, as against March 31, 2019, ICRA said in a statement

Ola offers income protection for driver partners, Covid-19 infected staff

The ride-hailing firm is offering coverage of up to Rs 30,000 and also bringing free medical help for the families of the driver-partners

New-age firms tweak business models, rev up services with add-ons

Delivery executives and driver partners are the more active workers during these testing times

Private labs wait for govt go-ahead to launch coronavirus test kits

ICMR on Saturday said all hospitalised patients who have pneumonia or severe acute respiratory illness will be tested for Covid-19.

Rumours & fears grip aviation sector as coronavirus dampens operations

Many in the industry argue that there will be at best three to four players over the long term, and that the weaker airlines will be weeded out

GoAir top leadership takes 50% pay cut as Covid-19 dents airline revenues

As revenues have fallen drastically amid the coronavirus pandemic, the airline has already laid off its expat pilots and announced leave without pay for its employees

Covid-19: Working with govt to ensure smooth supply of medicines, says IPA

The pharma industry body also said that it is not aware of any medicines shortage, to date

Caborundum Universal expands Tamil Nadu facility with Rs 48 cr investment

The investment made is funded entirely from internal accruals

LIC eyes sale of 25 mn individual policies, Rs 55k cr in premiums for FY20

This is 17 per cent growth in terms of number of individual policies sold compared to the number of policies sold in FY19

Srei Infra seeks one-year blanket moratorium on debt repayment for industry

Srei Infra wants Centre to intervene and ask state govts to clear all dues to contractors, expedite tax refunds, and release payments in arbitration awards

Ashok Leyland to cut investment in Hinduja Leyland Finance to Rs 390.49 cr

The AL board continues to believe that the proposal to raise the shareholding in HLFL was consistent with the philosophy to prevent any future dilution based on HLFL's growth plans

Govt approves scheme to boost domestic manufacturing of medical devices

The Union Cabinet headed by Prime Minister Narendra Modi also approved another promotion of medical device parks scheme worth Rs 400 crore for financing common infrastructure facilities

Patent for Pharmacyclic's cancer drug revoked on challenge by Laurus Labs

Patent Office rules that the drug isn't an improvement over other formulations in the same space, hence not eligible to enjoy a patent

NDDB arm to take its success story to regions where co-op model has failed

NDDB Dairy Services has clocked a combined turnover of Rs 4,564 cr from 15 milk producer companies that it helped set up in 69 districts across eight states

Covid-19: Indian Oil initiates rare protocol to keep fuel supplies running

The company has implemented work from home at non-critical locations and implemented staggered work hours and working on alternate days at others with all precautions