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Oppo cancels live phone launch in India amid demands to boycott China products

To launch the phone, the company instead uploaded a 20-minute, pre-recorded video

18 Jun 2020 10:11 AM

HSBC to cut around 35,000 jobs

The bank will maintain a freeze on almost all external recruitment, CEO Noel Quinn said in the memo sent to bank’s 2,35,000 staff worldwide

17 Jun 2020 11:51 AM

Samsung to set up Rs 54 billion smartphone display plant in India

Samsung expects to create some 1,300 jobs at the plant, the facility is likely to begin operations in 2021

17 Jun 2020 8:57 AM

Seven of top-10 firms lose Rs 78,127 cr in m-cap; HDFC Bank biggest gainer

HDFC Bank's market valuation plunged Rs 28,391.71 crore to Rs 5,39,305.38 crore

14 Jun 2020 12:49 PM

Dr Reddy's inks licensing pact with Gilead Sciences for Remdesivir

Gilead Sciences signed similar non-exclusive licensing agreements with Cipla, Hetero Labs, Jubilant Lifesciences, Mylan and Zydus Cadila

14 Jun 2020 9:59 AM

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TPG, L Catterton to invest Rs 64.4 billion in Jio Platforms

Reliance has now sold just over 22% of Jio Platforms to investors including Facebook Inc, securing $13.72 billion in eight weeks

14 Jun 2020 8:47 AM

Kotak hardest hit by RBI plan to cap CEO tenures

The bank's shares were down as much as 5.2 per cent intra-day in Mumbai on Friday

13 Jun 2020 7:57 PM

Superspreader from Salem at JSW steel plant transmits virus to 90 in Ballari district

30 localities in steel town sealed off as virus spreads to dozens in just 4 days

12 Jun 2020 1:22 PM

SC gives relief to employers, says no action against firms for not paying wages during lockdown

The bench asked the state governments to facilitate such settlement process and file its report with the labour commissioners concerned

12 Jun 2020 12:37 PM

Lufthansa to cut 22,000 jobs as travel demand dips on COVID-19 woes

Lufthansa said it will operate about 100 fewer aircraft after the crisis

12 Jun 2020 9:07 AM

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Chinese companies put US listing plans on ice as tensions mount

Many companies that reported plans for US listings to China’s securities regulator are now targeting exchanges nearer to home

10 Jun 2020 2:25 PM

India's favourite biscuit Parle-G records highest sales during lockdown

The company has gained a market share of around 5 per cent in the highly competitive biscuit segment, helped by Parle-G biscuits

10 Jun 2020 1:00 PM

Panacea Biotech to partner with US firm Refana for COVID-19 vaccine

The collaboration aims to make more than 500 million doses of vaccine candidate, with over 40 million doses to be available early next year

10 Jun 2020 12:07 PM

Reebok cancels partnership with CrossFit after CEO's 'Its FLOYD-19' tweet

Other affiliates like CrossFit Magnus also decided to cut ties with the Washington, DC-based global fitness organization

08 Jun 2020 3:37 PM

Abu Dhabi Investment Authority invests Rs 56.83 billion in Reliance Jio

Reliance has now sold just over 21% of Jio Platforms including Facebook Inc, securing nearly $13 billion in less than seven weeks

08 Jun 2020 8:45 AM

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AstraZeneca approaches Gilead about potential merger

Gilead, AstraZeneca and several other drugmakers are racing to develop vaccines for COVID-19

07 Jun 2020 4:06 PM

Pharma major Divi's Labs reports 32.96 per cent rise net profit

Consolidated net profit was up to Rs 388.23 crore for the quarter ended March 31, 2020

06 Jun 2020 5:20 PM

L&T board reappoints AM Naik as non-executive chairman for three years

Starting off as a junior engineer in 1965, Naik has seen L&T become a multinational conglomerate

06 Jun 2020 4:26 PM

Atlas Cycles now only a childhood memory as factory shuts operations

Employees claims the unit was shut without notice

05 Jun 2020 4:02 PM

Sun Pharma begins phase 2 trial on AQCH, a potential COVID-19 drug

The company received approval from Drugs Controller General of India for conducting the trials of phytopharmaceutical drug in April

05 Jun 2020 3:05 PM

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