Companies


UK High Court Defers Bankruptcy Plea By SBI-led Banks Against Vijay Mallya

Banking - Published date: .

This bankruptcy petition is by any measure extraordinary. The banks are pressing for a bankruptcy order at a time when t... Read more

Air India Afloat Despite 'crippling Effect' Of Covid-19, Says Rajiv Bansal

Banking - Published date: .

Bansal, in a message on Thursday, also assured the employees of providing all the "essential armoury" in carrying out ev... Read more

Coronavirus To Derail Affordable Housing Segment's Growth Momentum

Banking - Published date: .

The current situation has sparked fears around income generation and employment which are going to put further strain on... Read more

How Retailers Upped The Ante To Deal With Supply Chain Constraints

Banking - Published date: .

The biggest lesson in the situation is redefining the hygiene of the shopping environment, which will now be an ongoing ... Read more

Unlisted NCDs May Be Treated As Terms Loans, Carry RBI Moratorium Benefit

Banking - Published date: .

Sebi is likely to allow corporate houses to treat unlisted non-convertible debentures as 'term loans'. Read more

L&T Board Approves Fund Raising Up To Rs 9000 Crore Via Various Instruments

Banking - Published date: .

In the current financial year, L&T is the second conglomerate putting provisions in place for a fund-raising Read more

Hindalco Gets EU Go-ahead To Buy Aleris For $2.6 Bn; Shares Up 7%

Banking - Published date: .

Hindalco shares closed at Rs 107 a share, as all clearance for the acquisition, which was announced in July 2018, finall... Read more

Cognizant Withdraws FY20 Revenue Growth Guidance Amid Coronavirus Lockdown

Banking - Published date: .

Firm builds up war chest by drawing down $1.7 bn worth of revolving credit Read more

Marico, Godrej Consumer May See Revenue Decline In Q4 Due To Lockdown

Banking - Published date: .

Marico said it would see a "modest decline" in its Ebitda for the March quarter due to an unfavourable product mix Read more

IT Sector Braces For A Rough Ride As ISG Predicts Delay In Client Spending

Banking - Published date: .

According to ISG, the demand contraction is likely to be felt the most in the second quarter (April-June) period of this... Read more

Britannia Factories Running At 25% Capacity Utilisation Amid Lockdown

Banking - Published date: .

The company is holding an inventory of up to 11 days which is witnessing a depletion for the past one week Read more

Private Labs To Ask SC For Relief On Directive To Offer Free Covid Tests

Banking - Published date: .

Thyrocare, Paras Healthcare, and Neuberg say if free tests are to be provided, help is needed from different agencies Read more

Kotak Bank Leadership Team Takes 15% Pay Cut For The Financial Year 2020-21

Banking - Published date: .

Uday Kotak, managing director and chief executive officer of the bank opted to forgo his salary, and will receive Re 1, ... Read more

Coronavirus Outbreak: Quick USFDA Approvals For Asthma Drug Makers

Banking - Published date: .

Cipla gets nod for drug from USFDA earlier than expected; Lupin in fray Read more

Flipkart Partners With Spencers For Hyperlocal Delivery Of Essential Goods

Banking - Published date: .

The e-commerce firm has started a pilot project in partnership with Spencers in Hyderabad to make doorstep delivery of g... Read more

Coronavirus Lockdown: IBM India Says 99% Workforce Now Working From Home

Banking - Published date: .

The company provided the option to work remotely to most of its employees even before countries began going under lockdo... Read more

Work From Home A Success For Many Companies, May Become New Normal

Banking - Published date: .

This period will serve as a reckoning for remote work and may help to spur on digital transformation Read more

Uber Starts Disbursing Money To Drivers From Rs 25 Cr Dedicated Corpus

Banking - Published date: .

Firm also plans to roll out hospital cash insurance for its drivers, covering Covid-19 and other illnesses requiring hos... Read more

Covid-19: Adani Wilmar, Swiggy Tie Up To Deliver Edible Oil, Food Items

Banking - Published date: .

While Swiggy is likely to start delivery of the Fortune range in Lucknow and Kanpur by next week, Adani Wilmar also plan... Read more

Cognizant Withdraws Full-year Guidance For 2020 Amid Covid-19 Uncertainties

Banking - Published date: .

The withdrawal comes on the back of falling client demand, expecially in the travel and hospitality space Read more