Corporate News - Page 28

Bank of Baroda board gives nod to raise up to Rs 13,500 cr by March 2021; stock down over 4% on BSE

Bank of Baroda stock closed 4.23 percent down at Rs 46.40 on BSE.

Coronavirus Outbreak: Berger Paints says no plan for retrenchment or salary cut during pandemic crisis

Berger said it has decided against any involuntary furloughs or organisational restructuring that may lead to downsizing of headcount and consequent loss of livelihood during the time of widespread uncertainty.

Mindtree Q4 net profit up 3.9% at Rs 206 cr, closes FY20 with wins of $1.2 bn; says well-equipped to handle global crisis

With 21,991 employees, Mindtree 12 months attrition was at 17.4 percent.

CAIT to launch e-marketplace to enable contactless delivery by local grocery stores

Traders' body CAIT on Friday said it will soon launch a national e-commerce marketplace to help local grocery stores take orders online and ensure last-mile contactless delivery

Vodafone Idea will bounce back despite AGR stress, says Bharti Infratel chairman Akhil Gupta

Telecom infrastructure company Bharti Infratel on Friday said it believes that Vodafone Idea will bounce back, and the entity "will be around" despite the stress faced by the operator on account of statutory dues

Investors' wealth plunges by Rs 2 lakh cr to Rs 121.74 lakh cr as stock markets snapped a two-day rally

Investor wealth on Friday fell by Rs 2,00,006.26 crore as markets snapped a two-day rally, with the BSE benchmark tumbling 536 points

Finance, bank stocks tumble up to 17.8% after Franklin Templeton MF suddenly closed 6 debt fund schemes

Finance and bank stocks tumbled up to 17.8 percent on Friday after Franklin Templeton MF suddenly closed some debt fund schemes

Coronavirus Outbreak: Karur Vysya Bank donates Rs 1 cr to TN govt towards Covid-19 relief

Private sector Karur Vysya Bank has contributed Rs one crore to Tamil Nadu Chief Minister's Public Relief Fund in view of the coronavirus outbreak

RailTel FY20 consolidated income surges 20% at Rs 1,243 cr; says company registers major growth despite negative growth in market

RailTel is also one of the consistently profit-making telecom PSU despite gloomy market conditions, it said.

Coronavirus Outbreak: IT sector revenue growth may hit decadal low due to COVID-19, says CRISIL

The Indian IT sector is staring at a revenue growth sliding to a decadal low of up to 2 percent and an impact on profitability owing to narrowing of margins due to the COVID-19 pandemic, a report said on Friday

Reliance Foundation's 'Mission Anna Seva' biggest free meal programme run by any corporate: Nita Ambani

Reliance Foundation's ''Mission Anna Seva'' that aims to provide over 3 crore meals to marginalised communities and frontline workers facing hardships during the lockdown, is the largest free meal programme by any corporate foundation globally, its chairperson Nita Ambani said

Britannia Industries shares jump 3.5% to Rs 3,051 after company declares interim dividend

The board of Britannia in a meeting declared "interim dividend at 3,500 percent - Rs 35 per equity share of face value of Re 1 each - for the financial year 2019-20.

Andhra Pradesh govt re-launches zero interest loan scheme for women SHGs; releases Rs 1,400 cr

In line with his election-eve promise last year, Jagan re-launched the zero interest scheme that would benefit about 91 lakh members of SHGs.

Coronavirus Outbreak: Vedanta spent Rs 151 cr on preventive healthcare, free meals

Metals and mining giant Vedanta on Wednesday said it has spent Rs 151 crore so far to provide preventive healthcare to local communities and distributing free meals to daily wage workers. Having taken various precautionary measures to ensure the safety and well-being of its employees, Vedanta has reached out to over seven lakh community members to prevent the spread of the pandemic, the company said in a statement.

EPFO settles 10.02 lakh claims including 6.06 lakh COVID-19 cases in 15 days; disburses Rs 3,601 cr

EPFO has also provided a facility to file online COVID-19 advance claim along with other services on Umang app.

Coronavirus Outbreak: Machine makes 1,000 rotis an hour for needy in Noida; efforts underway to procure more devices

Installed at a community kitchen in Bhangel village, the machine helps the facility, operated by the Noida Authority in Uttar Pradesh, produce 15,000 rotis in a day, they said.

Coronavirus Outbreak: Airports ground handling industry seeks stimulus to mitigate COVID-19 impact

Struggling in the face of the coronavirus outbreak, the domestic ground handling industry has sought stimulus package, including a moratorium on interest on borrowings, waivers on certain fixed costs and deferment of statutory taxes

Franklin Templeton says discussed decision to shut 6 MF schemes with SEBI; regulator saw 'reason' in move

Franklin Templeton says investors will have to wait for a few months to get their money

Union minister Nitin Gadkari asks corporate India to clear outstanding payments to MSMEs

Union Minister Nitin Gadkari on Tuesday asked India Inc to clear huge outstanding payments to micro, small and medium enterprises at the earliest in order to ease the distress in the sector and inject liquidity into market

Centre working on scheme to reimburse pending dues to MSMEs with interest: Nitin Gadkari

The Centre is working on a scheme to reimburse pending payments with interest to micro, small and medium enterprises (MSMEs), Union Minister Nitin Gadkari said on Thursday

Yes Bank scam: DHFL promoters Kapil Wadhawan, his brother Dheeraj seek protection from arrest

DHFL promoters Kapil Wadhawan and his brother Dheeraj on Wednesday filed an anticipatory bail application in a special court here in connection with the case registered against them for their alleged role in the YES bank scam

Yes Bank case: Special court extends DHFL promoter Kapil Wadhawan, his brother Dheeraj's protection from arrest

A special court here on Thursday extended till Monday the interim protection from arrest to DHFL promoter Kapil Wadhawan and his brother Dheeraj, in connection with the YES Bank scam

Bears grip markets after two sessions of bullish show: Sensex, Nifty end on negative note; all sectoral indices close in red

Sensex, Nifty end on negative note after a volatile session on 24 April

Around 11.56 lakh new members join ESIC scheme in February against 12.19 lakh in January

Around 11.56 lakh new members joined the ESIC-run social security scheme in February 2020 against 12.19 lakh members in the previous month, according to the payroll data of the Employees' State Insurance Corporation (ESIC)

Cabinet okays Rs 15,000-cr for COVID-19 emergency response, health system preparedness package

The Union Cabinet on Wednesday okayed Rs 15,000 crore for 'India COVID-19 Emergency Response and Health System Preparedness Package' to mount an urgent response for containing the spread of the virus in India through the development of dedicated treatment facilities and setting up laboratories among others

Bharti Infratel Q4 net profit at Rs 650 cr; company extends Indus Towers merger deadline by 2 months

Telecom infrastructure firm Bharti Infratel on Thursday reported a 7 percent increase in consolidated net profit for the March quarter at Rs 650 crore

Rupee slips 40 paise to settle at 76.46 on weak domestic equities, strengthening greenback overseas

The rupee depreciated by 40 paise to settle at 76.46 (provisional) against the US dollar on Friday, tracking weak domestic equities and a strengthening greenback overseas

Thailand's tourist drought leaves space for shy sea mammal, 30-strong herd of dugongs spotted off Libong island

Human intrusion and marine pollution have made dugong sightings in southern Thailand rare in recent years.

Truckers in crisis: Despite empty roads, drivers say it takes longer to make deliveries; police harassment throws spanner in work

The government had exempted truckers carrying food, medicine and other essential items from the nationwide lockdown that started on 25 March

Coronavirus Outbreak: SEBI relaxes AGM deadline for certain companies; gives time till September-end

Providing compliance relaxation amid the coronavirus pandemic, markets regulator SEBI on Thursday gave time till September-end to certain companies for conducting their annual general meetings