Corporate News - Page 28
Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL
The Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday
Reliance Foundation's 'Mission Anna Seva' biggest free meal programme run by any corporate: Nita Ambani
Reliance Foundation's ''Mission Anna Seva'' that aims to provide over 3 crore meals to marginalised communities and frontline workers facing hardships during the lockdown, is the largest free meal programme by any corporate foundation globally, its chairperson Nita Ambani said
Britannia Industries shares jump 3.5% to Rs 3,051 after company declares interim dividend
The board of Britannia in a meeting declared "interim dividend at 3,500 percent - Rs 35 per equity share of face value of Re 1 each - for the financial year 2019-20.
Andhra Pradesh govt re-launches zero interest loan scheme for women SHGs; releases Rs 1,400 cr
In line with his election-eve promise last year, Jagan re-launched the zero interest scheme that would benefit about 91 lakh members of SHGs.
Coronavirus Outbreak: Vedanta spent Rs 151 cr on preventive healthcare, free meals
Metals and mining giant Vedanta on Wednesday said it has spent Rs 151 crore so far to provide preventive healthcare to local communities and distributing free meals to daily wage workers. Having taken various precautionary measures to ensure the safety and well-being of its employees, Vedanta has reached out to over seven lakh community members to prevent the spread of the pandemic, the company said in a statement.
EPFO settles 10.02 lakh claims including 6.06 lakh COVID-19 cases in 15 days; disburses Rs 3,601 cr
EPFO has also provided a facility to file online COVID-19 advance claim along with other services on Umang app.
Coronavirus Outbreak: Machine makes 1,000 rotis an hour for needy in Noida; efforts underway to procure more devices
Installed at a community kitchen in Bhangel village, the machine helps the facility, operated by the Noida Authority in Uttar Pradesh, produce 15,000 rotis in a day, they said.
Coronavirus Outbreak: Airports ground handling industry seeks stimulus to mitigate COVID-19 impact
Struggling in the face of the coronavirus outbreak, the domestic ground handling industry has sought stimulus package, including a moratorium on interest on borrowings, waivers on certain fixed costs and deferment of statutory taxes
Franklin Templeton says discussed decision to shut 6 MF schemes with SEBI; regulator saw 'reason' in move
Franklin Templeton says investors will have to wait for a few months to get their money
Union minister Nitin Gadkari asks corporate India to clear outstanding payments to MSMEs
Union Minister Nitin Gadkari on Tuesday asked India Inc to clear huge outstanding payments to micro, small and medium enterprises at the earliest in order to ease the distress in the sector and inject liquidity into market
Centre working on scheme to reimburse pending dues to MSMEs with interest: Nitin Gadkari
The Centre is working on a scheme to reimburse pending payments with interest to micro, small and medium enterprises (MSMEs), Union Minister Nitin Gadkari said on Thursday
Yes Bank scam: DHFL promoters Kapil Wadhawan, his brother Dheeraj seek protection from arrest
DHFL promoters Kapil Wadhawan and his brother Dheeraj on Wednesday filed an anticipatory bail application in a special court here in connection with the case registered against them for their alleged role in the YES bank scam
Yes Bank case: Special court extends DHFL promoter Kapil Wadhawan, his brother Dheeraj's protection from arrest
A special court here on Thursday extended till Monday the interim protection from arrest to DHFL promoter Kapil Wadhawan and his brother Dheeraj, in connection with the YES Bank scam
Bears grip markets after two sessions of bullish show: Sensex, Nifty end on negative note; all sectoral indices close in red
Sensex, Nifty end on negative note after a volatile session on 24 April
Around 11.56 lakh new members join ESIC scheme in February against 12.19 lakh in January
Around 11.56 lakh new members joined the ESIC-run social security scheme in February 2020 against 12.19 lakh members in the previous month, according to the payroll data of the Employees' State Insurance Corporation (ESIC)
Cabinet okays Rs 15,000-cr for COVID-19 emergency response, health system preparedness package
The Union Cabinet on Wednesday okayed Rs 15,000 crore for 'India COVID-19 Emergency Response and Health System Preparedness Package' to mount an urgent response for containing the spread of the virus in India through the development of dedicated treatment facilities and setting up laboratories among others
Bharti Infratel Q4 net profit at Rs 650 cr; company extends Indus Towers merger deadline by 2 months
Telecom infrastructure firm Bharti Infratel on Thursday reported a 7 percent increase in consolidated net profit for the March quarter at Rs 650 crore
Rupee slips 40 paise to settle at 76.46 on weak domestic equities, strengthening greenback overseas
The rupee depreciated by 40 paise to settle at 76.46 (provisional) against the US dollar on Friday, tracking weak domestic equities and a strengthening greenback overseas
Thailand's tourist drought leaves space for shy sea mammal, 30-strong herd of dugongs spotted off Libong island
Human intrusion and marine pollution have made dugong sightings in southern Thailand rare in recent years.
Truckers in crisis: Despite empty roads, drivers say it takes longer to make deliveries; police harassment throws spanner in work
The government had exempted truckers carrying food, medicine and other essential items from the nationwide lockdown that started on 25 March
Coronavirus Outbreak: SEBI relaxes AGM deadline for certain companies; gives time till September-end
Providing compliance relaxation amid the coronavirus pandemic, markets regulator SEBI on Thursday gave time till September-end to certain companies for conducting their annual general meetings
Anil Ambani-led Reliance Group companies' shares worth over Rs 3.3 cr sold through open market transactions
Anil Ambani-led Reliance Group companies' shares worth over Rs 3.31 crore were offloaded through open market transactions on Thursday
Some Indian companies with Chinese investments indulge in predatory strategies: Think tank
Chinese investors hold stakes in 18 of the 30 Indian startup unicorns, and some companies backed by them indulge in "predatory" behaviour, which needs to be brought under scrutiny, a domestic think tank said on Thursday
Franklin Templeton MF shuts six schemes: 'Do not get side-tracked by isolated event, focus on investment goals', says AMFI to investors
The statement by the industry body came after Franklin Templeton Mutual Fund voluntarily decided to wind up its six debt schemes citing redemption pressure and lack of liquidity in bond markets due to coronavirus pandemic.
Coronavirus pandemic likely to hit 29 lakh jobs in Indian aviation, dependent sectors; Rs 85,000-cr revenue loss : IATA
The coronavirus pandemic is expected to impact more than 29 lakh jobs in the Indian aviation and dependent industries, global airlines' grouping IATA said on Friday
Govt freezes DA, DR for 1.1 cr central govt employees, pensioners: Here's all you need to know about Dearness Allowance
Dearness Allowance is paid by the government to its employees as well as a pensioner to offset the impact of inflation
DHFL promoters Kapil Wadhawan, his brother Dheeraj and 21 others shifted to home quarantine in Mahabaleshwar
DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan and 21 others including their family members have been now placed in home quarantine at their property in Mahabaleshwar in western Maharashtra, a police official said
TLTRO 2.0: Banks scupper RBI plan to offer special liquidity to NBFCs as repo auction gets 50% bids
As feared by the industry and money market watchers, the first auction under the version two of the targeted long-term repo operations (TLTRO 2.0) on Thursday received a muted response from banks as the Reserve Bank received only a little over 50 percent bids for the Rs 25,000 crore on offer
Moody's, Fitch give thumbs-up to $5.7 bn Jio-Facebook deal, says to help RIL deleverage
International credit rating agencies Fitch Ratings and Moody's Investors Service on Thursday said the $5.7 billion Facebook deal will help Reliance Industries deleverage its balance sheet and monetise digital platforms
International air passenger capacity for India reduced by 89% in April due to COVID-19: UN
International passenger capacity for India reduced by 89 percent so far this month due to the COVID-19 pandemic as compared to a “business-as-usual” scenario, according to the latest projections from the United Nations specialised agency for international civil aviation