Banking

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