Corporate News - Page 2

Stimulus package to revive economic activities, boost Make in India, says steelmakers

Indian steelmakers on Wednesday said the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi would give a quantum jump to economic activities in the country and boost the ambitious Make in India programme

Rs 20-lakh cr stimulus package: At 10% of GDP, Narendra Modi's Atma-nirbhar Bharat Abhiyan ranks among biggest in world

Prime Minister Narendra Modi's pledge of a total spending of Rs 20 lakh crore to weather the fallout of coronavirus pandemic is among the largest economic stimulus package announced by nations around the world

Coronavirus Outbreak: Indians make most of lockdown as libido conquers social distancing at homes; sales of adult toys zoom over 100%

There is a phenomenal rise in the demand for products like adult sex toys, condoms in the sexual wellness industry

Reliance Industries' mega rights issue largest in world by non-financial issuer in 10 years, says analyst

Oil-to-telecom conglomerate Reliance Industries Ltd's rights issue opened for the subscription of shareholders on 20 May 20 and will close on Wednesday.

Stock Market Latest Updates: Indices nearly 3-month high, Sensex jumps over 500 points, Nifty close to 10,000-mark; Bajaj Finance, HDFC among gainers

Stock Market Latest Updates: Indices nearly 3-month high, Sensex jumps over 500 points, Nifty close to 10,000-mark; Bajaj Finance, HDFC among gainers

Rahul Gandhi voices concern over state of India's economy; says Moody's has rated Narendra Modi's handling of India's economy a step above 'junk

Moody's Investors Service has downgraded India's sovereign credit rating for the first time in more than two decades,

GST Council to discuss waiver of late fee for August 2017 to January 2020; next meeting to be held on 14 June

The CBIC said late fee is imposed to ensure that the taxpayers file return in time and pay taxes on the amount collected from buyers and due to the government.

Oyo announces ESOPs of Rs 130 cr for all furloughed employees impacted by COVID-19; forms exigency fund for staff

On 8 April, Oyo founder and Group CEO Ritesh Agarwal had said in a letter and video message that the company will place a certain number of employees on furloughs or temporary leaves, globally.

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak

The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2

V-Guard Q4 profit drops 47% to Rs 32 cr due to COVID-19 lockdown; says business to bounce back in coming months

V-Guard's net net revenue from operations for the quarter was Rs 541 crore, declining by 27 percent over the corresponding period of the previous year (Rs 746 crore).

Hero MotoCorp dispatches 1.12 lakh units two-wheelers in May; re-opens 5,000 customer touch-points

Hero MotoCorp's manufacturing facilities at global locations -- one each in Colombia and Bangladesh -- also restarted production during the month.

COVID-19 impact: Extension of concession period for toll road operators unlikely to provide adequate relief, says ICRA

Post-resumption of tolling, toll collections reached 30-35% of pre-COVID-19 levels in last week of April 2020, which subsequently improved to 50-55% in May 2020, it added.

Coronavirus Outbreak: AirAsia India offers 50,000 seats without base fare to doctors

No-frills airline AirAsia India on Monday said it is offering 50,000 seats without charging base fare to the doctor community who, along with other frontline workers, are working to save lives amid the coronavirus pandemic

State-run Kerala Feeds clocks turnover of Rs 496 cr in 2019-20; to conduct training programme for expatriates next month

Currently, the PSU is readying a mobile-phone app for dairy farmers to contact Kerala Feeds and order cattle feed.

EPFO releases Rs 868 crore pension along with Rs 105 crore arrear for commutation

Retirement fund body EPFO on Monday said it has released Rs 868 crore pension along with Rs 105 crore arrears on account of restoration of commuted value of (higher) pension

Cheaper gas to cut urea subsidy bill; to boost profitability of urea makers: CRISIL Ratings

Profitability of urea makers is likely to surge due to reimbursement of additional fixed cost, as cheaper gas will reduce urea subsidy bill by Rs 12,000 crore, according to a report

Govt's unlock Phase 1.0 enthuses markets: Sensex soars 879 points, Nifty jumps to 9,800-level; Bajaj Finance top gainer at around 11%

The Sensex surged driven by gains in Reliance Industries, HDFC twins and TCS as investor optimism heightened after the government began the process of unlocking the economy.

Tata Group ties up with SCTIMST for commercial production of COVID-19 testing kits

The Tata Group has entered into a partnership agreement with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), an institute of national importance, for commercial production of COVID-19 testing kits

Godrej Properties sees strong sales this year despite COVID-19; cash flow may pose challenges

Buoyed by record sales bookings of Rs 5,915 crore last fiscal, realty firm Godrej Properties expects to repeat its strong performance on sales front this year despite coronavirus pandemic, but sees cash flow as a challenge due to slow construction activities

Kia Motors launches refreshed version of SUV Seltos; prices start at Rs 9.89 lakh in Delhi

Kia Motors India on Monday launched a refreshed version of its popular SUV Seltos with price starting at Rs 9.89 lakh (ex-showroom, Delhi)

Rupee settles 8 paise higher at 75.54; govt's reopening plan for domestic economy boosts investors sentiment

The rupee appreciated 8 paise to provisionally close at 75.54 against the US dollar on Monday supported by optimism over the government's reopening plan for the domestic economy

Rupee jumps 32 paise to 75.30 in early trade; govt's reopening plan for domestic economy boosts investors sentiment

The rupee appreciated 32 paise to 75.30 against the US dollar in opening trade on Monday supported by the government's reopening plan for the domestic economy

COVID-19 Lockdown: Rakesh Jhunjhunwala says he was a 'sure bull' until today, but now is a 'hopeful one'

Mumbai-based Jhunjhunwala who started trading in the stock market with Rs 5,000 and went on to become a billionaire, is a self-professed long-term India bull,

Mahindra and Mahindra vehicle sales dip 79% in May to 9,560 units, exports fall 80%

Auto major Mahindra & Mahindra (M&M) on Monday reported a steep 79 percent decline in total sales at 9,560 units in May

Coronavirus Lockdown: Hyundai Motor India sales decline 79% in May to 12,583 units, exports down 66%

Hyundai Motor India Ltd (HMIL) on Monday reported a 78.7 percent decline in total sales at 12,583 units in May

Govt rejects Flipkart's proposal for entering food retail sector, company says will re-apply

The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday

HDFC Bank extends moratorium on loan, EMIs, credit card outstandings by 3 months till August; here's all you need to know

HDFC Bank announced that it has extended the loan moratorium by another 3-months

Paytm Mall moves operations to Bengaluru; appoints Abhishek Rajan as chief operating officer

Paytm Mall (owned by Paytm Ecommerce Private Limited) on Monday said it has announced the appointment of Abhishek Rajan as the new Chief Operating Officer of the company

Coronavirus Lockdown: Hotel stocks rally up to 19% as govt lifts curbs on operations from 8 June

Hotel stocks on Monday zoomed up to 19 percent after the government said the opening of hotels, restaurants and other hospitality services and shopping malls will start from 8 June

COVID-19 Impact: DGCA extends deadline for IndiGo, GoAir to replace unmodified PW engines to 31 August

Indian aviation regulator, DGCA, on Monday extended the deadline for IndiGo and GoAir to replace all the 60 unmodified Pratt and Whitney (PW) engines on their A320neo planes from 31 May to 31 August, as supply chain has been impacted due to the coronavirus-induced lockdown