Auto component manufacturers are expected to suffer about 15-18 per cent decline in their revenues in FY21 and an average of 100 basis points (bps) in their EBITDA due to sharp contraction in demand over what the industry experienced during FY20, said Brickwork Ratings in a report released on Thursday. ...
The US Food and Drug Administration has issued a warning letter to global pharma major Mylan Laboratories Ltd for significant deviations from Current Good Manufacturing Practices (CGMP) for making active pharmaceutical ingredients (APIs) at its plant in Telangana. ...
Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, on Thursday said the apparel exports from the country is likely to expand by about 40 per cent in the current financial year....
Business executives in India are increasingly planning to invest in Hybrid multi-Cloud platforms and by 2023, an Indian firm will deploy at least 10 Clouds particularly in the growing insurance, telecommunications and retail industries, an IBM survey said on Thursday....
Pursuant to the development regarding Gujarat High Court freezing the assets of Hindustan Oil Exploration Company (HOEC), the company has informed the stock markets. ...
E-commerce platform Flipkart on Wednesday launched operations of its digital business-to-business marketplace, Flipkart Wholesale, with an aim to connect local manufacturers with retailers and bring the entire wholesale marketplace at their fingertips....
Italian flag carrier Alitalia has suffered record losses in the first half of this year due to the Covid-19 travel restrictions and the global economic slowdown....
Amazon has announced to invest $18 billion this year to help small and medium businesses (SMBs) scale their operations and grow. ...
Australia has officially entered its first recession after nearly 30 years, with the June quarter GDP numbers showing the economy went backwards by 7 per cent, the worst fall on record, official figures revealed on Wednesday. ...
The US dollar strengthened in late trading on Tuesday as market participants digested a slew of newly-released economic data....
