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Monday, April 06, 2020

Domino’s Pizza partners with ITC Foods to home deliver essential items

April 2, 2020 5:18:00 pm

A combo pack of Aashirvaad Atta and spices including chilli, coriander and turmeric powder would be available on Dominos app starting today (Thursday), it said.

Adman Goutam Rakshit passes away in Mumbai

April 1, 2020 9:33:53 pm

As a reputed adman, Goutam Rakshit was the brains behind some of the most celebrated advertisements for brands such as  Onida TV and VIP Skybags. Rakshit was also elected as the chairman of Advertising Standards Council of India (ASCI) in 2004.

Maruti Suzuki reports 47% drop in March sales

April 1, 2020 11:51:10 am

Sales of mini cars comprising Alto and WagonR stood at 15,988 units as compared to 16,826 units in the same month last year, down 5 per cent.

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Coronavirus effect: ITC starts producing Savlon hand sanitisers from fragrances factory

March 31, 2020 5:34:22 pm

The company said it has re-purposed the perfume facility to help produce an additional 1,25,000 litres of Savlon hand sanitisers as there has been an unprecedented surge in demand for hand hygiene products like sanitisers.

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Bharti Enterprises pledges over Rs 100 crore to support India’s fight against coronavirus

March 31, 2020 12:44:53 pm

"Bharti Enterprises and its companies Bharti Airtel, Bharti Infratel and others are contributing a sum of over Rs 100 crore for India's fight against COVID-19," the statement said.

Mistry Group seeks up to $1 billion by pledging Tata stake

March 31, 2020 12:34:43 pm

Mistry’s Shapoorji Pallonji & Co. had 90.2 billion rupees ($1.2 billion) of debt as of Sept. 30, according to rating assessor ICRA Ltd. A representative for Shapoorji Pallonji Group declined to comment.

Maruti Suzuki announces service, warranty extensions to support customers

March 30, 2020 12:57:04 pm

"For customer vehicles, whose free service, warranty and extended warranty are scheduled to end in the period from March 15, 2020 to April 30, 2020 are now being extended up to June 30, 2020," MSI said in a statement.

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L&T announces Rs 150 crore donation to PM-CARES Fund to fight coronavirus

March 30, 2020 12:26:34 pm

The group said, it is considering transforming all company-owned training centers and other select establishments into isolation wards.

ITC setting up Rs 150 crore coronavirus fund for underprivileged people

March 27, 2020 6:37:47 pm

In addition, the company said it will collaborate with local authorities to provide assistance to the district health and rural healthcare eco-system that reaches out to the weakest sections of the society.

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Coronavirus impact: VLCC starts manufacturing hand sanitizers

March 26, 2020 12:22:42 pm

VLCC said that the hand sanitizer is going to be made available in 50 ml and 500 ml pack sizes, and will carry a retail price tag of Rs 25 and Rs 250 respectively.


SoftBank blasts Moody’s for ‘biased’ ratings downgrade

March 26, 2020 11:23:43 am

SoftBank’s shares slid as much as 8.4% early in Tokyo trade. The Moody’s downgrade -- lowering SoftBank’s corporate family rating and senior unsecured rating to Ba3 from Ba1 -- pushed the company deeper into junk territory.

Cipla chairman Y K Hamied

Cipla chairman: Government steps encouraging, but don’t ignore chronic ailments

March 29, 2020 2:26:12 pm

Amid the coronavirus pandemic, The Indian Express caught up with Cipla chairman Y K Hamied to find out how they are preparing to meet this challenge.

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Walmart India elevates Sameer Aggarwal as CEO

March 25, 2020 6:06:20 pm

Aggarwal, who was elevated as Deputy CEO earlier in January this year, has now been promoted to Chief Executive Officer of Best Price, Walmart India, effective from April 1, Walmart said in a statement.

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Nationwide 21-day lockdown: Flipkart, others temporarily shut operations

March 25, 2020 1:28:08 pm

We take a look at all the key e-commerce companies which have had to shut down operations in wake of the 21-day nationwide lockdown.

Facebook eyes multi billion dollar stake in Reliance Jio: Report

March 25, 2020 9:46:30 am

The Financial Times reported on Tuesday, citing two people with knowledge of the matter.

Yes Bank used Rs 200 crore loan for HDIL to pay off its own debt: ED

Priyanka’s sale of Husain painting to Rana Kapoor could be proceeds of crime: ED

March 24, 2020 1:34:27 pm

The painting was gifted by Husain to Rajiv Gandhi when he was Prime Minister and on the eve of the Congress party’s centenary celebrations.

No Tata Nano production in first 9 months of 2019, just 1 unit sold

Coronavirus impact: Auto companies shut down manufacturing plants

March 23, 2020 2:18:18 pm

The Society of Indian Automobile Manufacturers (SIAM) and the Auto Component Manufacturers Association of India (ACMA) have requested their members to shut down their respective plants.

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CII seeks relief measures from govt: Rs 2L crore direct income transfer, removal of LTCG

March 23, 2020 7:51:33 am

The chamber also suggested that government should mandate GST payments on collection of Bills instead of the current norm of tax on raising of invoices.

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India Inc seeks rate cut, NPA norms dilution

March 23, 2020 7:47:03 am

The Confederation of Indian Industry (CII) has proposed an immediate repo rate reduction of 50 basis points, along with a 50-basis point reduction in CRR to ensure low cost of funds.

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Coronavirus locks gates: Maruti, Honda Cars, Hero MotoCorp, Toyota shut output

March 23, 2020 7:34:49 am

On similar lines, Honda Cars India informed its associates and suppliers that production operations at both its manufacturing plants in Greater Noida, Uttar Pradesh, and Tapukara, Rajasthan, will be temporarily suspended from March 23-31.