Companies
Tata Sons in talks to buy out AirAsia India stake at steep discount
Tata Sons will likely tie up with other financial investors to acquire AirAsia’s 49% stake in the venture
Tata Steel sales fall by 23% in Apr-Jun quarter; output down by 28.49%
Tata Steel's India sales were at 2.92 MT, down from 3.96 MT in the year-ago period, while the production volume fell to 2.99 MT from 4.5 MT
DHL to lay off 2,200 UK workers at Jaguar Land Rover factories
DHL indicated that half of the job cuts are due to a decline in car production and half are the result of anticipated “efficeincy savings”
Pressure mounts on Johnson & Johnson to halt sales of baby powder globally
Johnson & Johnson said in May it would stop sales in the US and Canada, saying demand had fallen in wake of what it called “misinformation”
Gilead starts testing inhaled version of remdesivir for COVID-19
Gilead also plans to start additional clinical trials to evaluate remdesivir when used in combination with anti-inflammatory medicines
Court grants relief to Hindustan Unilever over 'Glow & Handsome' trademark
The company said its skin cream for men will be called ‘Glow & Handsome’, but Emami launched ‘Glow & Handsome’ digitally one week before
Infosys brings back 200 stranded employees, families from US
The company brought these people back from San Francisco via a special chartered flight that landed in Bengaluru
Vizag gas leak: Negligence led to LG Polymers gas leak, says government
The government said there had been a lack of adherence to safety protocols and timely emergency response measures at the plant
India reviewing around 50 investment proposals from Chinese firms
The official said about 40-50 applications involving funding from Chinese investors filed since rule change and are currently under review
Chipmaker SMIC set for a huge IPO as China looks to make semiconductor sector self-reliant
SMIC is China’s biggest contract manufacturer of chipsets, and the country's hope to make its tech firms non-dependent on US chipmakers.