Fund house does not want to dilute them as ‘significant gains have been made’ Aditya Birla Sun Life Mutual Fund has temporarily suspended fresh investments in two of its debt schemes — Medium Term Plan and Credit Risk Fund —with effect from Friday. The fund house said that it had […]
Read moreIndiGlobe eyes Virgin Australia
IndiGo Airlines, till recently, had denied any role in bid for grounded carrier InterGlobe Enterprises Ltd., which owns over 37% stake in IndiGo Airlines, has submitted a bid to acquire Virgin Australia airlines, which had filed for bankruptcy protection on April 21, 2020 after going down with an over $7 […]
Read moreAbiomed To Not Provide FY21 Outlook; Acquires Breethe – Quick Facts
While reporting its financial results for the fourth quarter of fiscal 2020 on Thursday, Abiomed, Inc. (ABMD), a provider of medical devices, said it will is not providing fiscal 2021 revenue or operating margin guidance at this time due to the uncertain scope and duration of the COVID-19 pandemic. The […]
Read moreTrump’s order no threat to IT sector: Nasscom
Will lobby for critical tech staff, it says U.S. President Donald Trump’s order banning immigration under various categories to the U.S. for 60 days need not be seen as a negative sign for the Indian IT sector, said Nasscom. The sector’s apex body also said it would make strong recommendations […]
Read moreEQT Corp. Reports Q1 Preliminary Sales Volume Exceeding High End Of Range
EQT Corp. (EQT) on Thursday provided certain preliminary first quarter 2020 operational and financial highlights, along with an update on its outlook and deleveraging plan. The company said it has experienced limited operational impacts as a result of the COVID-19 pandemic. For the first quarter, EQT reported preliminary sales volumes […]
Read moreCoronavirus | India Inc. stands by lockdown extension call; seeks stimulus package to rebuild economy
Prime Minister Narendra Modi extended the lockdown till May 3 saying it is necessary to contain the spread of the novel coronavirus in the country India Inc. on April 14 said the nationwide lockdown extension was necessary to avert a humanitarian crisis, but insisted on the need for a stimulus […]
Read moreUber partners with Flipkart to deliver everyday essentials in Mumbai, Bengaluru and Delhi
Uber will not charge any commission, enabling drivers to keep 100% of the billed amount After bigbasket and Spencer’s Retail, ride-hailing Uber has now partnered with Walmart-owned Flipkart to provide people in Bengaluru, Mumbai and Delhi access to everyday essentials amid the nationwide lockdown. Last week, Uber had said two-wheelers […]
Read moreIndia’s power demand falls over 25% to 125.81 GW on April 2
The peak power demand met is the actual highest energy supply during the day across the country. India’s peak power demand slipped over 25% to 125.81 GW on Thursday compared 168.32 GW on April 2 amid the lockdown to contain COVID-19 outbreak, showed power ministry data. In actual terms, the […]
Read more4Front Ventures Cuts Workforce; Names Leo Gontmakher As CEO
4Front Ventures Corp. said Monday that it has reduced its workforce and divested non-core assets as part of its efforts to achieve positive cash flow in the second half of 2020. In addition, the cannabis company’s board of directors has appointed Leo Gontmakher, previously its chief operating officer, to the […]
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