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Home  Business

Business

Second COVID-19 surge will delay earnings recovery for Indian companies

Second COVID-19 surge will delay earnings recovery for Indian companies

  • Musk impersonators steal more than $2M in cryptocurrency

    The $2 million figure was revealed in a larger report on cryptocurrency published by the FTC, it added.
  • Wadhwani Foundation announces $1M grant for Covid-relief

    These grants provide medical resources and assistance to COVID-19 patients and their families.
  • T-Hub on-boards nine new service providers

    These new partners will support all T-Hub startups with a suite of services for efficient functioning and will be aligned to the drastically changing needs of startups to grow since the pandemic.
  • PayU India integrates with Zoho Books for seamless payments

    Businesses can simply send invoices with payment links or share invoice links with their customers.
  • Petrol, diesel prices increase after a day’s pause

    Petrol prices have increased by Rs 2.30 a litre in Delhi in May in the 10 increases so far.
  • Rupee opens on flat note, rises 7 paise to 73.15 against US dollar

    The rupee started on a flat to stronger note against the dollar, tracking the weakness of the greenback, Reliance Securities said in a research note.
  • Sensex zooms over 600 pts in early trade; Nifty tests 15,100

    The 30-share BSE index was trading 601 points or 1.21 per cent higher at 50,181.73.
  • Vaccine registration: Startup helps in bridging digital gap

    Fintech startup BANKIT is providing assistance to people in tier 2 and 3 cities to get themselves registered and book appointments for the vaccination
  • Adar Poonawalla exits Panacea Biotec

    As per BSE block deal data, Poonawalla sold 31,57,034 scrips he held in the firm at a price of Rs 373.85 per share.
  • Indian producers to seek regulatory nod for Sputnik V vaccine soon

    So far, Dr Reddy’s has received the first consignment of 1.5 lakh doses on May 1 with imported supplies of the first dose.
  • Sensex, Nifty log best single-day gains in 7 weeks

    On the Sensex chart, IndusInd Bank was the top gainer, rallying over 7 per cent, followed by SBI, ICICI Bank, HDFC Bank, Axis Bank, HDFC and Bajaj Finserv.
  • Panacea Biotec files suit against Sanofi for patent infringement

    The EasySix vaccine comes in a pre-filled syringe and is used to vaccinate against Diphtheria, Tetanus, Whooping Cough, Hepatitis B, Haemophilus influenza Type B and Inactivated Polio.
  • Pvt equity investor KKR invests $95 million in Lenskart

    Established in 2010, the company today is the largest service provider for eyewear in India.
  • Healthcare edtech firm Virohan raises USD 3 mn in Series A funding

    It aims to strengthen the Indian healthcare system by creating trained allied healthcare workforce.
  • ‘Resurgence of COVID infections to put brakes on companies’ earnings recovery’

    Lower domestic demand in end-user industries will also reduce capacity utilization for heavy industries like steel, cement, and metals and mining.
  • Federal Bank’s Q4 net profit up 58.6%

    Gross advances reached Rs 1,34,876.71 crore as on March 31, 2021 from Rs 1,24,153.18 crore as on March 31, 2020 registering a growth of 8.64 per cent.
  • Rupee rises by 7 paise to 73.22 against US dollar

    The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.09 per cent to 90.23.
  • Vedanta calls for EoI to transport 800 tpd O2 from Sterlite unit

    The Supreme Court had allowed the company to operate its oxygen plant alone recently.
  • Amazon discontinues one-month Prime subscription in India

    Amazon presently has two membership options - subscribe to the three-month plan, priced at Rs 329, or opt for the annual plan, priced at Rs 999.
  • Mankind Pharma allocates Rs 40 crore to help COVID-19 patients

    The company has decided to arrange around 3,000-3,500 each oxygen cylinders and concentrators which will be distributed pan India in different hospitals, Mankind Pharma said.
  • Credit card expenses by Indian subsidiary of a multinational corporation liable to GST

    The AAAR ruling came on case concerning ICU Medical India LLP, a subsidiary of ICU Medical Inc.
  • Bank NEFT transfers will not be operational coming weekend

    It may be mentioned that a similar technical upgrade for RTGS was completed on April 18, 2021.
  • Ratan Tata-backed Moglix becomes new unicorn from India

    The Series E funding round was led by Falcon Edge Capital and Harvard Management Company (HMC), and also saw participation from existing investors Tiger Global, Sequoia Capital India and Venture Highway.
  • TAIPA writes to CMs for priority vax for telecom workers

    In a statement the telecom infrastructure body said that the whole country is facing the second wave of Covid-19 which is more intense than the previous one.
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