Page 3213 - Company News

Top 10 biz headlines: Covid-19 fears, slow hiring at IT firms, and more

Business Standard brings to you top ten business headlines for the day.

Coronavirus fear: Biz disruption will outweigh currency gain, say analysts

The rupee declined 0.3 per cent on Friday to hit an all-time low of Rs 75.20 against the dollar

Hindustan Unilever sets aside Rs 100 crore to fight Covid-19 in India

The company was reducing the price of Lifebuoy hand sanitisers and hand wash, apart from Domex floor cleaners by 15 per cent

India Inc rules out cut in jobs and salaries amid coronavirus outbreak

The salary and job cuts are likely in the high-risk services sector, including airlines, hotels, malls, multiplexes, restaurants, and retailers

Coronavirus spread: IT services companies likely to go slow on hiring

Among IT firms, market leader Tata Consultancy Services (TCS) has added around 30,000 fresh graduates in this financial year

Airlines may ground 68% planes amid coronavirus outbreak, says govt

The firms currently have 633 aircraft and the government said they would operate only 200 of these

Soap manufacturers keep off price hikes for now amid coronavirus spread

Jyothy Labs' Managing Director MR Jyothy said better hygiene habits were the need of the hour

Japan's Kubota Corp to acquire 10% stake in Escorts for Rs 1,042 crore

Following the deal, Kubota will have right to nominate two non-executive board members on the board of Escorts

Air India to enforce 10% cut in staff allowances, renegotiate contracts

Aviation consultancy CAPA estimates Indian airlines (except Air India) will post $500-600 million loss in first quarter

Lack of reinsurance cover magnifies non-life insurers' Covid-19 worries

Indian companies have to take on a high commitment to shoulder the loss (stop loss) or else pay a high reinsurance premium

Covid-19: MCA eases attendance rules for board meetings till June 30

Relaxation allows directors to attend via audio-visual means even for approval of financial statements and the board's report

Air Canada to lay off over 5,000 employees to assess the impact of Covid-19

CUPE, which represents about 10,000 flight attendants at Air Canada and Air Canada Rouge, said the layoffs were effective until April 30 at the earliest

IT ministry to Twitter, Facebook, Google: Help tackle fake news on Covid-19

Apart from genuine advice on hygience practices, plenty of misinformation is also being propagated, even as most platforms have announced strict steps against such content

Tata Motors JLR suspends production in UK amid coronavirus pandemic

The UK's largest carmaker said the suspension would come in place from next week and last at least until April 20, when it will be subject to a review of the rapidly-changing circumstances

Jio tops mobile broadband speed in Feb, Vodafone leads in upload: Trai

According to the latest report, Jio pipped its nearest rivals Bharti Airtel and Vodafone who recorded an average download speed of 8 mbps in February

Govt is well aware of implications if relief not provided to telcos: COAI

On Wednesday, the apex court rejected the telcos' self-assessed adjusted gross revenue (AGR) dues and ordered them to pay the principal together with interest and penalties

Star Health, ICICI Lombard launch policies to cover Covid-19 patients

The cases of coronavirus are increasing rapidly across the world with the count crossing 245,749 globally and 195 in India

Ashoka Buildcon arm executes concession pact with NHAI for road project

Shares of Ashoka Buildcon were trading at Rs 54.65 apiece on the BSE, up 3.21% over the previous close.

Biocon receives EIR from USFDA for good manufacturing practice inspection

"We remain committed to global standards of quality and compliance," company spokesperson said

E-tailers helping states continue with services during coronavirus pandemic

According to industry insiders, Flipkart, Amazon, Bigbasket, and Grofers have witnessed about 30 per cent spike in orders