Skip to main content

Posts

Showing posts from April, 2020

MG Motor retails zero units in April

The company, which reports only retail sales figures, has recorded zero retail sales for the month of April 2020, as its showrooms were closed due to nationwide lockdown, MG Motor India said in a statement. from Moneycontrol Business News https://ift.tt/2SlUCJp

Lockdown: Maruti Suzuki sells zero units in domestic market in April

The company had zero sales in the domestic market in April 2020, MSI said in a statement. from Moneycontrol Business News https://ift.tt/2VVqKGh

Exclusive: Gilead says open to collaborate with govts, drug firms to make Remdesivir globally available

There is a possibility of Indian companies becoming part of the consortium, in the past Gilead used voluntary licenses to rope in Indian cos to manufacture and launch HIV and hepatitis-C medications in low-middle-income countries (LMICs). from Moneycontrol Business News https://ift.tt/3cYhfvs

Blue Star to raise Rs 300 crore via NCDs

The nationwide lockdown has impacted the company#39;s cash flow position and the firm needs funds for its business continuity and growth over the next 12-18 months, Blue Star said in a regulatory filing. from Moneycontrol Business News https://ift.tt/2zMO5Bk

Exclusive: Gilead says open to collaborate with govts, drug cos to make Remdesivir globally available

There is a possibility of Indian cos becoming part of the consortium, in the past Gilead used voluntary licenses to rope in Indian cos to manufacture and launch HIV and hepatitis-C medications in low-middle-income countries (LMICs). from Moneycontrol Business News https://ift.tt/3d7yWsO

Lupin gets inspection closure report from USFDA for Pithampur plant

The inspection for the facility was conducted by the US health regulator between February 3 and February 11, 2020, and concluded with two observations, the Mumbai-based company said. from Moneycontrol Business News https://ift.tt/3f0TBR3

BMW rolls out special service scheme for vehicles owned by doctors

As a gesture of appreciation towards doctors, the company along with its dealer partners will offer complementary engine oil service at its dealership service centres across the country from Moneycontrol Business News https://ift.tt/2YjN7qv

4 warning signals that emerge from Airbus Boeing Q1 numbers

The worst is not over is perhaps the biggest warning for the global aviation sector, including that in India. from Moneycontrol Business News https://ift.tt/2SnngKe

Airports, airlines brace for post-coronavirus world, work on SOPs to ensure safety

In the first phase, to enforce proper social distancing in airports and aircraft, only 30 percent of domestic and international flights will begin operations from Moneycontrol Business News https://ift.tt/3eXBuey

Resumption of operations still a challenge for auto sector: Ashok Leyland MD

Hinduja Group flagship firm Ashok Leyland on Thursday said the resumption of operations remains a challenge for the automobile industry despite the government#39;s permission to do so from Moneycontrol Business News https://ift.tt/2SjdwAE

COVID-19 impact: Basics of our business strategy remain the same, says Ecom Express CFO

Read what Mayank Gupta, CFO of Ecom Express has to say about challenges brought about by the Coronavirus pandemic. from Moneycontrol Business News https://ift.tt/2Sldvwg

Nokia first-quarter in profit, revenues miss consensus

Nokia Oyj on Thursday reported a 2% fall in first-quarter revenue that missed analysts#39; estimates, as it took a hit of about 200 million euros to its topline largely because the COVID-19 pandemic disrupted supply in China. from Moneycontrol Business News https://ift.tt/2SiecWX

Covid-19 lockdown woes: Labour desperate to go back home

Though essential goods and services are still being delivered, the massive dislocation of workers as a result of the surprise lockdown has left a huge question mark on the possibility of restarting factories. from Moneycontrol Business News https://ift.tt/2KK6a50

Banks working to strengthen capital buffer to counter coronavirus-induced shocks: Report

Private banks may sell shares to raise a cumulative Rs 35,000 crore from Moneycontrol Business News https://ift.tt/2yUCmAg

KEC International resumes operations at all factories

"Pursuant to the necessary approvals/advisories received from the relevant governments authorities, the company has resumed operations/despatches at all its five factories in India in a phased manner," KEC International said in a statement. from Moneycontrol Business News https://ift.tt/2ybUWUn

DBS Q1 profit slumps to 2-1/2-year low on virus loan loss provisions

Southeast Asia#39;s biggest lender joined HSBC and Standard Chartered in provisioning higher credit losses to guard against the fallout from the crisis. from Moneycontrol Business News https://ift.tt/2Sl3n6I

Coronavirus impact | For the first time ever, India set to report zero automotive sales in April

From producing an average of 2.19 million units a month in FY20 these factories were brought to a complete halt in April from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-impact-|-forfirst-time-ever-india-set-to-report-zero-automotive-salesapril_13724601.html

Glenmark Pharma gets DCGI nod for clinical trials of Favipiravir tablets on COVID-19 patients

Having internally developed the active pharmaceutical ingredients (API) and the formulations for the product, the company filed the product for clinical trials with the DCGI and has received approval for conducting the trial on mild to moderate patients, Glenmark Pharmaceuticals said in a statement. from Moneycontrol Business News https://ift.tt/2zJWe9B

Looking at touchless tech cloud to drive growth after COVID-19, says Hexaware CEO

Hexaware suspended the guidance of 15-17 percent it gave at the beginning of the year as the back of COVID-19 from Moneycontrol Business News https://ift.tt/3aRki7j

Jio Facebook: Shaping the digital future of world’s largest democracy

The partnering of these two powerful platforms will not only give rise to richer consumer experiences, but also open up access to the Digital Indian dream for 400 million consumers. from Moneycontrol Business News https://www.moneycontrol.com/news/business/jio-facebook-shapingdigital-futureworld’s-largest-democracy_13724201.html

Bitcoin rises 14%, becomes the top performing asset of 2020 again

The digital currency is now up 30 percent from its March lows, outperforming the likes of SP 500 (25 percent), Nifty (27 percent) as well as most other major markets. from Moneycontrol Business News https://ift.tt/3cYgH8W

Coronavirus lockdown | Exporters ask Centre to allow partial reopening of units, offices in red zones: Report

Exporters also said that some states had not allowed industry to reopen even in ‘green zones’ and others were yet to issue standard operating procedures in this regard. from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-lockdown-|-exporters-ask-centre-to-allow-partial-reopeningunits-officesred-zones-report_13724081.html

SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: Sources

The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt. from Moneycontrol Business News https://ift.tt/2xpAGOQ

Coronavirus pandemic | Twitter offers data to researchers studying virus

The project is aimed at gathering information about the spread of the illness, assessing the emergency response and communication trends during the crisis, and tackling misinformation. from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-pandemic-|-twitter-offers-data-to-researchers-studying-virus_13724001.html

Rupee slide puts added pressure on luxury car makers

Import-dependent luxury carmakers bear the brunt of the Rupee slide from Moneycontrol Business News https://ift.tt/2xo6Gmo

Boeing to shrink workforce, raise cash as coronavirus slams jet industry

After the market close, SP lowered its credit rating for Boeing to BBB-, one step above junk, saying that earnings and cash flow over the next few years are likely to be lower from Moneycontrol Business News https://ift.tt/2WabPa2

Boeing eyes major bond issue to raise funds: Sources

The preparations reflect Boeing#39;s confidence that it can tap the capital markets to strengthen its finances, even as the largest US planemaker weighs seeking government aid. from Moneycontrol Business News https://ift.tt/3bZ3MmU

Coronavirus crisis | FMCG majors tie-up with ecommerce players to sell directly to customers: Report

Only essential items can be manufactured and sold during the nationwide lockdown. from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-crisis-|-fmcg-majors-tie-upecommerce-players-to-sell-directly-to-customers-report_13720441.html

Elon Musk poised to draw over $700 million despite COVID-19 turmoil

Musk has an option to purchase 1.7 million common stock of Tesla at $350.02 apiece if the company achieves this key milestone from Moneycontrol Business News https://ift.tt/3d3JZTP

No pay for April May, SpiceJet tells pilots

But the pilots will be paid for flying cargo flights from Moneycontrol Business News https://ift.tt/2W6StCF

SpiceJet flight carries eight tonnes of medical supplies to Malaysia

Ajay Singh, Chairman and Managing Director, SpiceJet, said, “With the addition of Kuala Lumpur to our international cargo network, SpiceJet is now operating regularly to over fifteen international destinations carrying essential and medical supplies." from Moneycontrol Business News https://ift.tt/2Shfami

Coronavirus India News LIVE Updates: Confirmed COVID-19 cases in Karnataka rise to 532

Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332. from Moneycontrol Business News https://ift.tt/2VL0eiu

#39;Rainy day#39; is here, spend an additional Rs 10 lakh crore, says former CEA Subramanian

India should plan for a negative growth to combat the #39;economic deluge#39; caused by the coronavirus outbreak, says Subramanian. from Moneycontrol Business News https://ift.tt/3aK1OFB

Coronavirus impact | Govt should lift lockdown entirely or face implications: Axis Bank CEO

Axis Bank CEO Amitabh Chaudhry said that the retail part of the business was practically shut and that no one is borrowing. from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-impact-|-govt-should-lift-lockdown-entirely-or-face-implications-axis-bank-ceo_13719661.html

Glenmark Pharma gets tentative USFDA nod for generic anti-diabetes tablets

The approval granted by the United States Food and Drug Administration (USFDA) to Glenmark Pharmaceuticals Inc., USA, is for the strength of 10 mg/5 mg tablets, the generic version of Qtern tablets of the same strength of AstraZeneca AB, the company said in a statement. from Moneycontrol Business News https://ift.tt/3d02wA2

Coronavirus India News LIVE Updates: 7.7 lakh samples tested for COVID-19 so far, says ICMR

Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332. from Moneycontrol Business News https://ift.tt/2Yf8VDv

Lockdown Impact: कंपनियों के खाली पड़े प्लांट्स का खत्म हो सकता है इंश्योरेंस कवर

मुंबई कोरोना वायरस () की वजह से लॉकडाउन () में बहुत सारी कंपनियां एक अलग ही टेंशन में आ गई हैं। उन्हें डर है कि अगर लॉकडाउन 3 मई से आगे बढ़ा तो उनका इंश्योरेंस कवर (Insurance Cover) खत्म हो जाएगा। इंश्योरेंस कंपनियां याद दिला रही हैं कि क्लॉज के मुताबिक अगर कोई कंपनी 1 महीने से अधिक बंद रहती है तो उसका इंश्योरेंस कवर खत्म हो जाता है। उन्होंने कहा है कि सिर्फ 3 मई तक के लिए ही छूट दी जाएगी, उसके बाद भी कंपनी बंद रही तो इंश्योरेंस कवर खत्म हो जाएगा। ये क्लॉज़ ‘unoccupied premises’ है, जो हर फायर में होता है। यह क्लॉज़ इसलिए बनाया गया है ताकि कंपनियां अपने प्लांट को खाली ना छोड़ें, जिससे नुकसान का डर अधिक होता है। हालांकि, इसमें लॉकडाउन की परिस्थिति का कोई जिक्र नहीं है। एक नेशनल रीइंश्योरेंस कंपनी ने कहा है कि जो प्लांट बंद हो गए हैं, वह अपने आप दोबारा कवर में शामिल नहीं होंगे, जब तक कि इंश्योरेंस कंपनी इसकी हामी नहीं भरती। ऐसे में इंश्योरेंस कंपनियों ने अपने क्लांट्स से कहा है कि हो सकता है कि 3 मई के बाद भी सरकार कोविड-19 पर काबू पाने के लिए लॉकडाउन को बढ़ाए। इंश्योरेंस कंपनियों के ...

Coronavirus impact | With fall in consumer spending, alcohol and cigarette companies likely to face major challenge

Due to social distancing norms, the lockdown and expected decease in consumer spending, alcohol and cigarette companies are likely to face a major challenge moving forward. from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-impact-|-with-fallconsumer-spending-alcoholcigarette-companies-likely-to-face-major-challenge_13719741.html

Coronavirus impact | Economy will take 6-9 quarters to revive: Axis Bank CEO

Axis Bank CEO Amitabh Chaudhry said that the retail part of the business was practically shut and that no one is borrowing. from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-impact-|-economy-will-take-6-9-quarters-to-revive-axis-bank-ceo_13719661.html

Lufthansa may seek creditor protection alongside Berlin rescue talks

The company source said the type of creditor protection under consideration would require the company to be still solvent, with management staying on to oversee a restructuring. from Moneycontrol Business News https://ift.tt/3aHs9nL

COVID-19 impact | Auto companies rush to raise capital amid financial crunch

The companies have been forced to dig into their cash reserves to pay salaries, settle vendor bills and dealer payments and interest on loans. from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-impact-|-auto-companies-rush-to-raise-capital-amid-financial-crunch_13719481.html

Gopichand Hinduja expects oil to be at $40-50 once coronavirus crisis is over

The Hinduja Group operates in various industries including automotive, oil and speciality chemicals as well as banking and finance. It runs private sector lender IndusInd Bank in India. from Moneycontrol Business News https://ift.tt/3eYRVHz

Coronavirus India News LIVE Updates: 73 deaths, 1,897 cases reported in 24 hours

Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332. from Moneycontrol Business News https://ift.tt/2W6wZG6

Axis Bank: Welcome caution in troubled times

NULL from Moneycontrol Business News https://ift.tt/35cgyMw

Need to support businesses to tide over impact of COVID-19: India at BRICS

The impact of the pandemic on trade and investment among the member nations of the BRICS (Brazil-Russia-India-China-South Africa) was discussed at a video-conference of foreign ministers of the five countries. from Moneycontrol Business News https://ift.tt/35gGuGP

Ford expects $5 billion loss in current quarter as coronavirus hits demand

But added it had enough money despite the crisis to last the rest of 2020. from Moneycontrol Business News https://ift.tt/2xZmD2P

Coronavirus India News LIVE Updates: Confirmed COVID-19 cases surge past 31,000; death toll crosses 1,000

Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 31,332. from Moneycontrol Business News https://ift.tt/2yNImKZ

Coronavirus India News LIVE Updates: COVID-19 cases in India near 30,000; death toll in US crosses 58,000

Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 29,974. from Moneycontrol Business News https://ift.tt/2xZhtnt

Coronavirus India News LIVE Updates: COVID-19 cases in US cross 10 lakh; India’s tally just short of 30,000

Live updates of the novel coronavirus pandemic and its socio-economic impact. Total confirmed cases in India have risen to 29,974. from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-india-news-live-updates-covid-19-casesus-cross-10-lakh-india’s-tally-just-short30000_13718781.html

JioMart sees 6,000 kirana stores going onboard to offer WhatsApp grocery shopping

Launched in January, the web-only arm of Reliance Retail allows consumers to purchase from among 50,000 products including groceries and other essential items along with private labels owned by Reliance Retail. from Moneycontrol Business News https://ift.tt/2SgCLDN