Corporate News - Page 3
Aegon Life Insurance launches first Life Plus hospitalisation cover for COVID-19 with Flipkart
Aegon Life Insurance on Wednesday announced the launch of ‘Life Insurance with COVID-19 Cover’ for hospitalization expenses up to Rs 1 lakh along with Flipkart, India’s homegrown e-commerce marketplace
Sterling Holiday Resorts to open 21 properties in first phase after it gets go-ahead from govt to resume services
Currently, the company has around 41 resorts across the country and all of them are closed for guests currently on account of lockdown imposed due to the COVID-19 pandemic, Sterling Holiday Resorts said.
Vistara's first 787-9 Dreamliner aircraft operates maiden commercial flight on Delhi-Kolkata route
Vistara said its first 787-9 Dreamliner aircraft, which was delivered to it by Boeing in February this year, operated its maiden commercial flight from Delhi to Kolkata on Thursday morning
SpiceJet converts three Q400 passenger aircraft into freighters; will be used for operations to smaller towns, cities
SpiceJet on Thursday said it has converted three of its Bombardier Q400 passenger aircraft into freighters
COVID-19 impact: Alibaba extends reach in China as pandemic outbreak opens doors; traffic at online marketplace shoots higher
Alibaba on Friday reported increases of 21 percent in quarterly revenue and 19 percent in core commerce sales, beating expectations.
Govt measures to deal with coronavirus impact 'very positive', says former RBI governor Bimal Jalan
Former Reserve Bank Governor Bimal Jalan on Thursday described the initiatives taken by the government to mitigate the impact of COVID-19 as "very positive" and hoped that these would help in containing the decline in growth
Sun Pharma to conduct clinical trial of pancreatitis drug in COVID-19 patients
Shares of Sun Pharma rose 5 percent intraday on Friday after receiving approval from the Indian drug regulator for clinical trial of its drug on COVID-19 patients.
GST Council to meet in June; finance ministry not in favour of raising rates on non-essential items
The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month's meeting of the GST Council, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19
Pfizer CEO says COVID-19 vaccine likely to be ready by October this year; 'will have enough evidence of safety, efficacy'
Pfizer is working with German firm Biontech for several possible vaccines in Europe and the United States, said the report.
Infosys among UK firms accessing Rishi Sunak’s COVID-19 job saving scheme; IT major furloughed 3% of staff
The COVID-19 job saving scheme was unveiled by the Indian-origin finance minister, married to Murthy’s daughter Akshata, at the peak of the crisis and is set to gradually wind down until it is fully closed at the end of October.
Yes Bank's leadership team opts for salary restructuring for FY'20-21; up to 30% of CTC to be allocated as variable pay
Yes Bank’s employees had also voluntarily contributed an amount equal to one day’s salary to the PM CARES Fund to support ongoing relief efforts to combat COVID-19, the company said in a statement.
KEC International to speed up mechanisation, automation to compensate for COVID-induced labour shortage
The COVID-19 pandemic and the subsequent lockdown prompted millions of jobless migrant workers to flee cities and return to their home towns.
COVID-19 Lockdown: Majority of consumers want to buy goods from kiranas going forward, finds survey
Spending pattern of the consumers has changed over the past six weeks with 55 percent respondents, of the 1,000 participated, are willing to spend a lot more on less discretionary items like groceries, and 52 percent on everyday household goods.
Seven of top 10 most valued companies add Rs 1.76 lakh cr in m-cap; HDFC Bank emerges biggest gainer
HDFC rallied Rs 24,733.64 crore to Rs 2,87,407.32 crore.
Two-wheelers, passenger vehicles seeing resurgence in inquiries; CVs witness negligible demand: Motilal Oswal
In May, wholesale volumes are estimated to decline by 77 percent for two-wheelers, 77 percent for passenger vehicles and 90 percent year-on-year for commercial vehicles due to the lockdown and low demand.
Fiscal deficit widens to 4.6% of GDP in 2019-20, higher than revised estimates of 3.8%
The country's fiscal deficit widened to 4.6 percent of the Gross Domestic Product in 2019-20 mainly on account of poor revenue realisation, according to official data
COVID-19 Impact: GDP growth dips to 3.1% in Jan-Mar quarter, slowest growth in 8 years; economy grows at 4.2% in FY20
The gross domestic product (GDP) had expanded by 5.7 percent in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday.
Delhi HC restrains OLX, Quikr from posting fake Reliance job ads on web portals; says postings cause harm to firm's reputation
The lawsuits said fake and fraudulent recruitment advertisements were being published on the defendants’ web portals which are accessible under various words like “JIO JOBS, RELIANCE TRENDS JOBS”.
Coronavirus Lockdown: Eight core sector output contracts by record 38.1% in April; cement falls 86%, steel by 84%
The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data
Wipro shares jump nearly 7%c on Thierry Delaporte's appointment as CEO, MD; market valuation rises to Rs 1.21 lakh cr
In January this year, Wipro had said its CEO and Managing Director Abidali Z Neemuchwala decided to step down from the position.
Crisil affirms AA-negative, A1-plus on Vedanta's debt instruments, bank facilities; operating profitability in FY21 likely to be lower
Vedanta is expected to undertake cash preservation measures such as reduced capital expenditure (capex) and limited dividend payout in fiscal 2021.
Sensex rebounds 224 points from day's low, Nifty at 9,580; ONGC top gainer, jumps over 5%
Sensex jumped 224 points on Friday, driven by gains in HDFC, ITC and HUL despite weak cues from global markets.
Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group
Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement
Vodafone Idea issues clarification: No proposal from Google on investment, says telecom major; evaluating various opportunities
Vodafone Idea said currently there is no proposal as reported by the media that is being considered at the Board
Coronavirus Lockdown: Decision to open shops in malls soon after taking into account health ministry's guidelines
The decision to open shops in malls, will be taken soon, after taking into account the guidelines of the health ministry, the commerce and industry ministry said on Friday
Rupee appreciates 14 paise to close at 75.62; forex traders say investors await Q4 GDP data
The rupee appreciated 14 paise to provisionally close at 75.62 against the US dollar on Friday as foreign fund inflows and weak American currency boosted investor confidence
Coronavirus Lockdown: Economy needs support from PSBs, says Union Bank chief Rajkiran Rai G
The country's economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, an official said on Friday
Relief for Cyrus Mistry; SC agrees to hear plea on Pallonji Group’s representation on Tata Sons board
The plea seeks representation on Tata Group's board proportionate to 18.4 percent holding of Pallonji Group
Google mulling stake in Vodafone Idea positive, but inadequate to solve telcos' debt woes: Analysts
A potential investment by Google into cash-strapped Vodafone Idea (VIL), if materialises, will be a strategic positive for the Indian telecom operator, but a five percent stake would be still be inadequate to solve the telcos' debt problems, analysts said on Friday
SpiceJet's freighter arm, SpiceXpress gets DGCA approval for drone trials; to deliver essential supplies to remote areas
Budget carrier SpiceJet on Friday said its freighter arm SpiceXpress has received approval for conducting drone trials from aviation regulator Directorate General of Civil Aviation (DGCA)