Zen Technologies to develop ventilator prototype for India to fight COVID-19

"As a part of the corporate social responsibility... Zen Technologies has dedicated a small research and development team to develop a prototype of a ventilator for India," the company said.

Honda commits Rs 11cr for fight against COVID-19

As part of the initiative, Honda will immediately supply 2,000 units of high pressure backpack sprayers to various government agencies.

SpiceJet says some employees will get salaries in 2 parts

According to a senior official in SpiceJet, there were some employees who had got just a few thousand rupees in their bank accounts from the company as salary till now.

Yes Bank raises Rs 3,500cr from sale of certificate of deposits to two PSU banks: Report

The process was completed within three working days

Maruti Suzuki March sales at 83,792 units

The company ended FY 2019-20 with total sales of 15,63,297 units.

MG Motor sells 1,518 units in March

"Both MG Hector and MG ZS EV have made a mark in the Indian car market. Despite supply chain disruption globally, MG Motor continues to serve its customers.

Biocon#39;s insulin manufacturing facility in Malaysia gets EIR with VAI classification From USFDA

In a regulatory filing the company said, Biocon Sdn Bhd, a subsidiary of Biocon Ltd has received the EIR from the USFDA for the Pre-Approval Inspection (PAI) of its insulin manufacturing facility in Malaysia, for Insulin Glargine.

Coronavirus pandemic | Call charge waivers to hit telecom revenues by 1-1.5%

Telcos could each take a 1-1.5% one-time hit on revenue if they waive call charges for migrant labourer users.

Coronavirus pandemic | Retailers begin bulk deliveries to RWAs in some cities: Report

During 21-day nationwide lockdown, retailers can sell only essential items identified by the government.

Govt slashes interest on PPF, NSC and other small savings schemes - here are the new rates

Interest rates on PPFs for the first quarter of FY20-21 have been cut by 80 bps to 7.1 percent.

SC urges media not to disseminate unverified news that causes panic

"We do not intend to interfere with the free discussion about the pandemic, but direct the media refer to and publish the official version about the developments," the apex court order said.

Coronavirus pandemic | Life insurers race against time to meet sales targets

Lockdown due to COVID-19 has kept customers away from bank branches while agents are also unable to make sales visits due to suspension of public transport across the country.

Crude oil futures gain 2.23% in afternoon trade

MCX crude oil has strong resistance at Rs 1,735-1,760 level, whereas support is seen at Rs 1,625-1,580 levels, Motilal Oswal said in a recent report

Coronavirus pandemic | Canara Bank, IDBI Bank offer customers moratorium on term loans

The Reserve Bank of India (RBI) on March 27 said all financial institutions can provide a three-month deferment on payments of instalments for all term loans that were outstanding as on March 1

Coronavirus pandemic: Air India pilots complain of flimsy PPE, lack of insurance cover against COVID-19

Two pilot associations write to Civil Aviation Minister Hardeep Singh Puri, airing concerns.

Confusion prevails among borrowers over three-month moratorium as many get EMI reminders

Many borrowers, credit cardholders and mutual fund investors have received SMSes from their lenders reminding them that they need to maintain sufficient balance on the due date. Among others, such messages have been received by people who have taken personal, auto and home loans.

SpiceJet to cut 10-30% salary of all employees in March

"SpiceJet management has decided to implement a pay cut between 10-30 percent in March across our employee base. Our Chairman and Managing Director (Ajay singh), in fact, has opted for the highest cut of 30 percent in compensation," the airline said in the communication.

Coronavirus pandemic | PFC pledges Rs 200 cr under PM-CARES Fund to fight COVID-19

PFC#39;s employees will voluntarily contribute a day#39;s salary to the fund to further strengthen the nation#39;s fight against the dreaded disease, a company statement said.

Coronavirus pandemic | Private sector should not cut jobs post-lockdown

"Besides pain for the employees, job and salary cuts would impede a quick recovery for businesses also," Rekha Sethi, Director- General, All India Management Association, told Moneycontrol.

Coronavirus pandemic | MakeMyTrip launches #39;Stays for Saviours#39; initiative to support healthcare providers

"This initiative has been rolled out in partnership with hotel chains and independent hotels that are pitching in to support our healthcare heroes across 26 states and 4 Union Territories", MakeMyTrip said in a statement.

Vodafone Idea offers prepaid validity extension for low-income feature phone subscribers

Telecom operator Bharti Airtel on Monday had announced an extension in the validity period of more than 8 crore pre-paid connections until April 17 as well as credited talk time of Rs 10 in these accounts.

Coronavirus pandemic | Top food companies to not raise product prices despite jump in costs: Report

Companies are facing supply chain disruptions due to the nationwide lockdown.

Coronavirus pandemic | Govt appeals to top companies for contributions to PM-CARES fund

The corporate affairs ministry, which is implementing the Companies Act, has already clarified that contributions to the fund will qualify as CSR expenditure.

SBI-led consortium approves Suzlon Energy’s Rs 14,000-cr debt restructuring plan

The company is working on finalising various definitive agreements with the lenders, it told BSE

Coronavirus impact: Companies launch hand sanitiser sachets for as low as Re 1

The sachets are launched with an aim to make it easily affordable and accessible largely in kirana stores.

Coronavirus pandemic | JSPL announces Rs 25 cr contribution to PM-CARES Fund

JSPL Foundation is providing food and other essential supplies to the local communities in the vicinity of its manufacturing locations.

Coronavirus pandemic | Now you may be allowed to defer date of journey beyond April 30 in your travel insurance

While IRDAI has asked insurers to provide this option, policy holders should check with their respective companies for the facility.

Coronavirus pandemic | Bharti Enterprises pledges over Rs 100 crore to support India#39;s fight against COVID-19

Pointing to the "extremely challenging times" and "biggest healthcare crisis of modern era in the form of COVID-19 epidemic", the company said that the immediate priority is to collectively support the efforts of the government to mitigate the impact of this crisis.

COVID-19: How investors can put the market’s deep correction and the occasional bear market rally to good use

Investors should get out of weak positions taking advantage of a bear market rally and redeploy the cash in strong businesses that are likely to survive and grow once normalcy returns.

BS6 Switchover | Last chance to avail hefty discounts on cars, SUVs and bikes

BS4 stocks are to become obsolete from April 1 onwards as India adopts BS6, the most advanced emission norm in the world

Shapoorji Pallonji Group looking to pledge 18.4% stake in Tata Sons for $1 billion: Report

Talks are in early stages, but the Tata Sons stake is their biggest asset and the Shapoorji Group needs to infuse significant capital into their businesses.

Covid-19: Apollo teams up with OYO, Lemon Tree, Ginger Hotels to create 5,000 isolation rooms

Joining hands with partners including HUL, SBI and OYO, Apollo Hospitals plans to scale this capacity to up to 5,000 rooms where patients can stay in isolation.

COVID-19: How investors can put to good use the market’s deep correction and the occasional bear market rally

Investors should get out of weak positions taking advantage of a bear market rally and redeploy the cash in strong businesses that are likely to survive and grow once normalcy returns.

BSNL, MTNL release over Rs 10,000cr for VRS employees

A total of 78,569 employees of BSNL and 14,387 staffers of MTNL have opted for the voluntary retirement scheme (VRS) which closed on December 3, 2019.

Punjab National Bank unveils new logo

The new logo will bear distinct signages of all the three public sector lenders.

Isuzu defers launch of BS-VI vehicles to Q2 of 2020-21

Isuzu Motors India said that owing to the prevailing COVID-19 pandemic and resultant inconvenience it has been causing people, the company has realigned its plans to introduce its BS VI models.

Coronavirus pandemic: Brace for another round of price hike in consumer appliances

A constant slide in the Indian rupee against the US dollar has led to a rise in appliance manufacturing costs.

Don#39;t see major impact on March quarter business due to coronavirus: HCL Tech

HCL Tech said it had invoked #39;Business Continuity Plan#39; and #39;Risk Management Framework#39; quite early to minimise the impact on its employees and clients, and added that its exposure to the more-impacted verticals is "not significant".

Coronavirus pandemic | Lockdown could have $1 bn impact on ecommerce gross sales: Report

India is currently is a lockdown till April 14, during which e-tailers are permitted to sell only essential items.

Coronavirus impact | Should the government come to the aid of airlines?

There is a case to help them. And there is one, not to.

Tata Power starts commercial operations of Georgia hydro plant

Adjaristsqali Georgia - a joint venture between Tata Power, Norway#39;s Clean Energy Invest (CEI) and International Financial Corporation- is setting up a 187 MW of hydro project at a cost of around USD 500 million. It has now commissioned 178 MW of the total capacity.

In Pics | Here#39;s how corporate India is joining the fight against COVID-19

India#39;s corporate world has committed or donated more than Rs 2700 crore in direct and indirect aid to help fight the novel coronavirus (Covid-19). Here#39;s a look at all such major contributions

USFDA classifies Sun Pharma#39;s Halol manufacturing site for official action, may put all new approvals on hold

The OAI status implies that the USFDA may put all new approvals from the Halol facility on hold till the outstanding corrective actions are completed.

Coronavirus pandemic | Worried about pink slips, execs now ready to move jobs with pay-cut

Candidates are ready to take lower pay hikes or even cuts due to the looming threat of job losses

Bank of Baroda cuts personal, retail loan rates by 75 bps to 7.25%

The BRLLR linked to RBI Repo Rate is revised downwards in line with the reduction on Reserve Bank of India Repo Rate from 5.15 percent to 4.40 percent, it said.

Lupin gets EIR from USFDA for Florida-based inhalation research centre

The facility was inspected by the US Food and Drug Administration (USFDA), between February 19, 2020, and February 26, 2020, on behalf of the UK Medicines and Healthcare Products Regulatory Agency (UKMHRA) for company#39;s application for generic Fostair.

Coronavirus pandemic | Mother Dairy mulls tie-up with e-commerce players to maintain milk supply: Report

Supply of milk is permitted during the nationwide lockdown, since it is one of the essential items identified by the Centre.

Maruti Suzuki announces service, warranty extensions to support customers

"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.

LT announces Rs 150cr donation to PM-CARES Fund to fight COVID-19

LT joins a list of other corporates including Tata Group and Reliance Industries who have come forward to offer their support to fight this unprecedented crisis.

HDFC Trustee Company buys 5.45% stake in SpiceJet

HDFC Trustee is a wholly-owned subsidiary of HDFC and trustee company of HDFC Mutual Fund.