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Tuesday, July 14, 2020

Maruti Suzuki transported over 6.7 lakh cars through Indian Railways in six years

July 8, 2020 1:03:30 pm

The increased focus on using railways has helped the company offset nearly 3,000 MT of carbon dioxide emissions, Maruti Suzuki India (MSI) said in a statement.

Tata Power seeks shareholders’ nod to raise Rs 2,600 crore from Tata Sons

July 7, 2020 3:39:44 pm

Earlier this month, Tata Power board approved a proposal to raise Rs 2,600 crore via issuance of preferential shares to Tata Sons.

Yamaha Motor India announces special finance scheme for frontline COVID-19 warriors

July 7, 2020 2:12:59 pm

The initiative is targeted towards providing exclusive and attractive finance schemes to help raise purchasing conveniences for the frontline warriors, Yamaha Motor India (YMI) said in a statement.

Infosys brings back over 200 employees, their families from US via chartered flight

July 7, 2020 1:05:28 pm

According to sources, 206 individuals, including Infosys employees and their family members, were brought back.

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Paytm, Sharma to buy Raheja QBE Insurance for Rs 568 crore

July 7, 2020 5:28:31 am

Raheja QBE is currently owned 51 per cent by Prism Johnson and 49 per cent by QBE Australia, Paytm said in a statement. Paytm and Sharma is set to acquire both stakes and would own 100 per cent of the company.

COVID-19 related uncertainties may continue in current fiscal: Dr Reddy’s

July 6, 2020 5:24:09 pm

The stockpiling of OTC products is expected to continue in the short-term, and result in demand surges for those drugs.

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Swiggy integrates Scootsy to deliver premium culinary offerings in Mumbai

July 6, 2020 3:27:10 pm

Swiggy acquired Scootsy in 2018 for around Rs 50 crore and had said at that time that the Mumbai-based firm will continue to operate as an independent app after the acquisition.

Paytm, Vijay Shekhar Sharma to acquire Raheja QBE General Insurance

July 6, 2020 1:01:40 pm

"Raheja QBE is owned 51 per cent by Prism Johnson and 49 per cent by QBE Australia. Paytm is set to acquire both stakes and would own 100 per cent of the company," Paytm said in a statement.

Mercedes to recall 660,000 vehicles in China for oil leak

Mercedes to recall 660,000 vehicles in China for oil leak

July 5, 2020 2:36:48 pm

The announcement follows another recall that began last month of 4,653 imported Mercedes G-class sedans that had incorrect child-safety lock labels, Xinhua said.

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Intel Capital to buy 0.39% stake in Jio Platforms for Rs 1,894 crore

July 3, 2020 9:41:06 am

Intel Capital is 12th company to join the list of marquee firms who have recently invested in Jio Platforms, taking the total investment amount to Rs 1,17,588.45 crore.

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Tesla threatens firing if they don’t return to jobs, say workers

July 2, 2020 4:35:56 pm

Tesla has released plans to maintain worker safety including temperature checks, the wearing of gloves and masks, installing barriers between workers and maintaining social distancing.

Axis Bank gets board nod to raise up to Rs 15,000 crore

July 2, 2020 3:17:24 pm

In a regulatory filing, Axis Bank said the board at its meeting held on Thursday has approved the proposal relating to raising of funds not exceeding Rs 15,000 crore.

Bajaj Auto reports 31% drop in June sales

July 2, 2020 1:53:45 pm

Domestic sales declined by 34 per cent at 1,51,189 units last month as compared to 2,29,225 units in June 2019, Bajaj Auto said in a regulatory filing.

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Pizza Hut and Wendy’s US operator NPC files for bankruptcy

July 2, 2020 1:17:28 pm

The closely held company sought Chapter 11 protection in the Southern District of Texas court on Wednesday. NPC, founded in 1962, operates 1,227 Pizza Hut and 393 Wendy’s stores across the US, according to court papers.

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Tesla overtakes Toyota as the world’s most valuable automaker

July 2, 2020 12:40:33 pm

Shares of Tesla, which have more than doubled since the start of the year, climbed as much as 3.5% in intraday trading Wednesday, giving it a market capitalization of $207.2 billion, surpassing Toyota’s $201.9 billion.

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Powered by entry-level surge, Maruti, Hyundai see spike in June sales

July 2, 2020 10:44:54 am

Both carmakers have experienced a faster recovery in sales in rural areas that are less impacted by the Covid-19 pandemic. There is also greater demand for CNG-run vehicles amid the continuous increase in the price of petrol over the past month.

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Volvo Cars recalls nearly 2.1 million cars worldwide

July 1, 2020 5:01:44 pm

Volvo said the recall, which is the biggest ever for the brand, "is a preventive safety recall to avoid future issues."

California regulators sue Cisco over discrimination against Dalit employee

July 1, 2020 4:40:33 pm

Cisco reassigned and isolated the employee, rejected a raise and opportunities that would have led to one and denied two promotions, according to the lawsuit.

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Maruti Suzuki reports 54% dip in June sales at 57,428 units

July 1, 2020 3:36:33 pm

The company had sold 1,24,708 units in June last year, Maruti Suzuki India (MSI) said in a statement.

Adidas HR head resigns as company addresses diversity issues

Adidas HR head resigns as company addresses diversity issues

July 1, 2020 2:52:32 pm

Karen Parkin's resignation came on Tuesday after a group of Black employees called on Adidas' supervisory board to investigate her and her strategy for addressing racial issues in the workplace.

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