Covid19 Impact: Steel Companies Struggle With Labour Shortage Post Lockdown
The public sector steel major is currently operating at 60 per cent production level and will be scaling down gradually,... Read more
Covid-19: OYO CEO Ritesh Agarwal Takes 100% Pay Cut For Rest Of The Year
The company's entire executive leadership team has taken a voluntary pay cut starting at 25 per cent and going up to 50 ... Read more
Aurobindo Terminates $900-million Sandoz Product Acquistion Deal
A mutual decision to cancel the agreement was taken as approval from US Federal Trade Commission was not obtained within... Read more
ITC Ties Up With Jubilant FoodWorks To Deliver Food Items Via Domino's App
Buyers can log into the app under the Domino's Essentials menu and order ITC's Aashirvaad atta and spices such as chilli... Read more
Nalco Beats Coal Supply Woes Amid Covid-19, Logs 90% Capacity Utilisation
Even though Covid-19 crisis looms, all of Nalco's units have been operational with pruned manpower Read more
ITC Evaluating Inorganic Expansion, Aims To Boost Non-cigarette Verticals
Firm's acquisition of Kolkata-based Sunrise Foods is a step forward in its bid to strengthen spice business Read more
SECL Retains Top Spot Among CIL Entities, Produces 150.5 MT Coal In FY20
The Bilaspur-headquartered company contributed 25 per cent to the total coal production of Coal India Read more
Covid-19 Impact: TVS Motor Domestic Two-wheeler Sales Down 62% In March
Sales across categories were down 55.5% to 144,739 units in March 2020; company says lockdown forced large-scale loss of... Read more
Covid-19 Impact: Air India Suspends Contract Of Around 200 Employees
The national carrier has already cut the allowances of all employees, except cabin crew, by 10 per cent for the next thr... Read more
Coronavirus Impact: ONGC To Lose Rs 4,000 Crore With The New Gas Price
For every $1 dollar change, the company's revenues are impacted by Rs 4,400-4,500 crore annually. Read more
Novartis Scraps Sale Of Assets Including Covid-19 Drug To Aurobindo Pharma
Novartis is donating 130 million hydroxychloroquine doses to support efforts against the epidemic, though the European U... Read more
Biocon's US Prospects Get A Boost After Company Receives EIR From USFDA
The insulin patent win, clearance of Malaysian unit and oncology biosimilar filing are triggers Read more
SoftBank Group To Abandon $3 Billion Deal For Additional WeWork Shares
The US-based company's committee said it will evaluate all its legal options, including litigation and remained committe... Read more
Covid-19-led Demand Destruction, Firm Input Costs To Impact Steelmakers
While realisations take a hit, pressure on margins may intensify with input costs remaining steady. Read more
Coronavirus Pandemic Adds A Major Blow To Struggling Shipping Industry
The pandemic adds a major blow to an industry reeling from a toxic combination of geopolitical tensions, trade restricti... Read more