Corporate News

Private equities to hold portfolio positions amid COVID crisis: Report

Private equities to hold portfolio positions amid COVID crisis: Report

New Delhi: Despite the liquidity and profitability issues during the coronavirus crisis, private equity and venture capital firms are likely to hold on to their portfolio positions during the crisis period and sell them later in an improved economic environment, according to an EY report.In 2020, ex...

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Piramal Enterprises, Tata Power, JSW Steel seek loan moratorium

Piramal Enterprises, Tata Power, JSW Steel seek loan moratorium

New Delhi: Piramal Enterprises, Tata Power and JSW Steel are some of the large corporates seeking a loan moratorium from their lenders, as provided by the Reserve Bank of India.Ratings agency ICRA, in a statement listed about 328 companies rated by the agency and which have applied for the loan mora...

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WhatsApp may serve ads after Facebook integrates its platforms

WhatsApp may serve ads after Facebook integrates its platforms

San Francisco: Facebook has not abandoned its plans to serve ads on its instant messaging service WhatsApp, the media reported.Users may see these ads on the platform after Facebook completes its multi-year effort to link all its social media platforms, according to a report in The Information on Th...

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Over Rs 25,000 cr involved in Franklin Templeton's shut funds

Over Rs 25,000 cr involved in Franklin Templeton's shut funds

New Delhi: The total assets under management (AUM) of the six shut funds of Franklin Templeton Mutual Fund stands at over Rs 25,000 crore.The asset under management of the six funds stood at Rs 30,853 crore in March end but came down to Rs 25,856 crore, as on April 22, amid liquidity concerns.The fu...

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OYO announces 4-month paycut in India, some sent on leave

OYO announces 4-month paycut in India, some sent on leave

New Delhi: Hospitality major OYO has announced a reduction in salary of 25 per cent for all its employees in India for April-July 2020 and has also sent some employees on a leave starting May 4, whereby they would get limited benefits.In a mail written to the employees on Wednesday, Rohit Kapoor, CE...

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Must convert Covid-19 adversity into opportunity: SpiceJet CMD

Must convert Covid-19 adversity into opportunity: SpiceJet CMD

New Delhi: Even as SpiceJet prepares a blueprint to eventually re-start operations with new safety norms, the company's top official believes the centre will support the industry through these tough times and turn the Covid-19 adversity into an opportunity by ushering in structural reforms.According...

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Over one third Americans are jobless, youngsters hit worse

Over one third Americans are jobless, youngsters hit worse

Washington: The financial impact of the coronavirus has begun to hit Americans hard as nearly 33 per cent of voters have already lost their job, been furloughed, placed on temporary leave, or had hours reduced - with 41 per cent of those who have lost a job already reporting having trouble covering ...

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Very few nations will get 'A grade' on pandemic response: Bill Gates

Very few nations will get 'A grade' on pandemic response: Bill Gates

New York: If we believe billionaire philanthropist Bill Gates, very few countries will get 'A-grade' for new coronavirus response when it comes to understanding the scale of the damage COVID-19 could do.Speaking to BBC, Gates said several countries have failed on providing proper healthcare and ther...

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Dmart shares down by five percent over Covid disclosure

Dmart shares down by five percent over Covid disclosure

Mumbai: Shares of Avenue Supermarts Ltd ended the trading session down by five percent after the company disclosed impact owing to Coronavirus.On Friday, the company released a filing report mentioning the impact. The note said, "Nearly 50% of our stores remain closed for operations based on directi...

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Covid-Impact: India Auto sales down by half, Rs 48,300 crore damage reveals SIAM's data

Covid-Impact: India Auto sales down by half, Rs 48,300 crore damage reveals SIAM's data

Mumbai: The damage from the Coronavirus and the lockdown could be in several multiples of crores. The Society of Indian Automobile manufacturers on Monday published data that reveals a 51% decline in passenger vehicle sales for the month of March.According to the latest data, sales in March'2020 dro...

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