Page 3214 - Company News

Moody's readying for global downgrade of firms hit by virus, oil price drop

The firm has already begun the process in a number of the hardest hit sectors such as airlines, cruise and oil firms, but the moves are about to ratchet up, two of the firm's top analysts told Reuters

Sebi gives India Inc more time for Q4 filings amid coronavirus outbreak

The deadlines to file the March quarter and full-year results have been extended by 45 days and 30 days, respectively, to June 2020

Social distancing amid virus pushes patients to consult doctors online

Digital healthcare platform Practo, for example, has seen a jump of three to four times in requests for consultation with general physicians

Mall operators' revenues may take 30% hit amid coronavirus spread: Experts

The analyst said since servicing of principal and interest on loans will become challenging for mall operatos in the next couple of months

Coronavirus spread: Retailers, multiplexes, mall owners spar over rentals

Chains, multiplexes to invoke force majeure clause; litigations to increase

Electric equipment sector seeks govt's intervention for relief against dues

IEEMA is the representative body for the industry

Rupee crash, Covid-19 to make India Inc's overseas debt repayments costlier

Bankers said some of the firms may default on their overseas loans as their cash flows get impacted due to falling sales due to the shutdown

Ashok Leyland shares fall 26%, touch a fresh 52-week low of Rs 47.25

A month later, now, the company announced that it would invest Rs 1,200 crore to buy stake in HFL

Mukesh Ambani, wife, children marginally raise personal shares in RIL

Mukesh Ambani, who personally held 72.31 lakh shares or 0.11 per cent of RIL, raised his holding to 75 lakh or 0.12 per cent

Coronavirus fear: Expect to restore normalcy by end of April, says MG Motor

MG has a backlog of 17,000 units to deliver, and a few thousand buyers have been waiting since July, said Chaba, adding that despite the long wait, the company hasn't seen many cancellations

Indian airlines start grounding aircraft; govt considers relief package

The largest Indian airline IndiGo, which has 47 per cent market share, announced a steep pay cut for its senior management, pilots and crews

Coronavirus: OTT viewership spikes as more people stay home and binge-watch

A senior official of an Indian OTT platform said that as people spend more time at home due to 'social distancing', they have more time to spend watching video content online

Global airlines need up to $200 billion in emergency aid, says IATA

Airlines worldwide face an unprecedented existential threat as the COVID-19 pandemic, which has killed more than 9,000 people around the world, shuts down global travel.

Online lender Vivriti Capital raises Rs 350 cr in series B funding

The latest round takes total equity raised by the start-up to $100 million

Power demand shows signs of recovery as total generation rises by 11%

Feb recorded second straight month of demand uptick across the country

HCL Tech Noida employee tests positive for Covid-19 on return to India

Staffer placed in isolation ward, firm follows prescribed protocols of sanitisation and contact tracing

Coronavirus: SpiceJet to suspend most international flights till April-end

The spokesperson said the airline's Kolkata-Dhaka flight would continue to operate as per schedule.

YES Bank transfers Puri Jagannath Temple's Rs 389-cr FD account to SBI

In the letter addressed to Chief Administrator of the temple shrine, Yes Bank said it has two more FDs of Rs 156 crore which will be transferred by the end of this month.

Coronavirus: IndiGo grounds planes, cuts salary by 10-20% as revenue drops

"Governments across the globe have issued travel advisories which have resulted in a virtual shutdown of all our international flights," said an airline official on Thursday.

Covid-19: IndiGo senior staff take salary cuts, 25% pay cut for CEO Dutta

The CEO said he knew how hard it was for families to take a cut in "take-home pay"