Page 3251 - Company News

Microsoft's Silicon Valley staff to work from home amid coronavirus fears

Microsoft asked many of its employees in the Seattle region near its headquarters and the San Francisco Bay Area to work from home if possible until March 25

Govt allows NRIs to now acquire up to 100% equity in Air India

This has been termed a landmark decision by Union minister Prakash Javadekar

Amazon, Mercedes Benz employees in Bengaluru test positive for swine flu

As a precautionary measure, both companies have started sanitising their offices

Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited

Coca Cola to woo affluent and aspiring consumers with slew of new launches

Company feels new products across consumer price points will help the company reach its goal of making India its third largest market globally

Airlines seek relief package from govt after coronavirus outbreak hits biz

Airlines sought a limited period concession of the standing rule of slot allocation, which mandates that firms must operate at least 80 per cent of their allocated slots

Indian Oil Corporation's gas pipelines to be part of proposed GAIL arm

Cabinet to take a call soon; IOC product pipeline not to be part of new arm

Coronavirus: India Inc steps up act to contain crisis as tally reaches 29

Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead

Coronavirus: Govt to consider airlifting APIs only if industry pays

Due to Coronavirus outbreak in China, supply of pharmaceutical goods and components are being delayed

Coronavirus: Online travel firms offer refund after spike in cancellations

"…travellers are being cautious in making their (outbound) travel plans," said a spokesperson at MakeMyTrip

ED files fresh money laundering case against Jet Airways, Naresh Goyal

Earlier, the financial probe agency had registered a case of Foreign Exchange Management Act violations against the airline and Goyal last year

Volkswagen launches BS-VI compliant versions of Polo, Vento in India

The new Polo is powered by MPI and TSI petrol engines mated with both manual and automatic transmissions

SBI board accepts resolution plan for sale of RCom, subsidiaries

According to sources in the bank, the final voting on the resolution will be over on Wednesday

Moody's downgrades BoB's baseline credit assessment on asset quality issues

Agency also cites deteriorating operating environment for decision; affirms lender's domestic and foreign bank deposit ratings

Macrotech Developers likely to fend off near-term debt problems: Moody's

To proceed with its proposed bond, Macrotech will first have to raise about $118 million and deposit the proceeds in an escrow account, which is a condition precedent

Allcargo Logistics gets Sebi nod for open offer to buy 26% in Gati

Multi-modal logistics firm initiates final phase of stake buy in Gati

Tata Power's Mundra UMPP to snap power supply to five states on March 11

Decision comes after buyer states say no to tariff hike; UMPP has been in the middle of a tussle for seven years over passthrough of escalated cost of imported coal

As consumption soars, brands scour the sound cloud for a premium pitch

As consumption of wearables soars in the country, brands look at ways to build premium niches in the growing mass market for audio devices

Govt asks Airtel, Voda Idea, others to pay balance AGR dues without delay

The telecom department wrote to all the telcos asking them to pay balance dues "without delay" and also submit detailed bifurcation of payments

Higher bauxite sourcing helps Vedanta cut alumina-making cost by 8%

Alumina production at Lanjigarh was up 16 per cent y-o-y to 476,000 tonnes