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Investors likely to revise offers under IBC as virus alters plans 

IBBI has already said the lockdown imposed by the government will not be reckoned in the resolution timeline.Since its inception, the IBC process has been mired in last-minute litigations with promoters trying hard to retain control of their firms




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Pharma sales drop 19% in April vs March on demand slump

The worst hit among the top 20 companies was Cipla, whose sales fall by 28%, while that of Zydus Cadila, GSK Pharma and Dr Reddy’s down by 25%, each.There seemes to be less panic buying of medicines for chronic illnesses in the last two weeks of April




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IHFL withdraws plea seeking protection from coercive action by NCD holders

The company relied on RBI moratorium of three months on payment of instalments of all term loans outstanding between 1 March and 31 May




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Smartphone makers brace for doubling of demand as lockdown is lifted

Xiaomi India MD Manu Jain expects losses in Q2 2020, but Q3 and Q4, along with Diwali sales to go fine.Realme is expecting 100% growth in 2020 despite effectively losing two months of the year




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Gilead announces global remdesivir licensing plan even as patents hit rough waters in India

Gilead said it was in discussions with 'some of the world’s leading chemical and pharmaceutical manufacturing companies' to produce remdesivir for Europe, Asia and the developing world through at least 2022




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Founders grappling to make startups ‘recession-proof’ in crisis: Sequoia Capital

Sequoia India launches a microsite to serve as a resource for founders and their teams during the challenging months ahead.The impact of covid-19 can be seen on Indian startups, with several unicorns including Udaan, OYO and Swiggy laying off and furloughing their permanent and contractual staff




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Rating announcements on Edelweiss, Shriram firms to add pressure on debt MFs

ICRA downgrades multiple Edelweiss Group companies.Mutual funds have a collective exposure of around Rs3,300 crore to Edelweiss companies as of 31 March




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MoD inks <span class='webrupee'>₹</span>1,200-cr deal with Tata Power SED to upgrade 37 airbases

This is the phase two of the Modernisation of Airfield Infrastructure programme, the ministry said




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President’s rule imposed in Delhi, L-G likely to hold key meeting today




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Letters to the editor: Threat to democracy




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Letters to the editor: Coal, undermined




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Letters to the Editor: Pakistan Delivers




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Letters to the Editor: Under no name




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Letters to the Editor: Border tensions




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Letters to the Editor: Landmark decision




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Letters to the Editor: Elderly Wisdom




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Letters to the Editor: GDP Debate




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Letter to the Editor: Debating ties




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Letter to the Editor: Graded premiums




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Letter to the Editor: Federal equity




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Prakash Raj: Vested interests trying to derail #MeToo movement




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Arjun Sarja files Rs 5 crore defamation suit against Sruthi Hariharan





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Director Guruprasad on #MeToo: If men begin to speak out, women will have to commit suicide




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KGF’s new poster looks massive, Yash starrer will hit screens on December 21




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Sudeep’s shredded physique for Pailwaan is the talk of the town




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Riteish Deshmukh, wife Genelia back together on screen after four years




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Actor Ramya under fire for skipping Ambareesh’s funeral, vacates her Mandya home







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Income Tax raid at homes of Yash, Puneeth Rajkumar, Shivrajkumar, Sudeep and other Kannada stars




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Pailwaan teaser: Salman Khan endorses Sudeep’s wrestling movie




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Sudeep writes a heartfelt note on completing 23 years in the film industry







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Mohanlal, Prabhudheva and Shankar Mahadevan receive Padma Awards









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Suniel Shetty’s first look from Sudeep starrer Pailwaan unveiled




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Chiranjeevi, Yash and Upendra attend Yuva Rajkumar-Sridevi’s wedding reception, see photos




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Chiranjeevi, Mohanlal, Vijay Sethupathi and Suniel Shetty unite for Sudeep’s Pailwaan




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Girish Karnad (1938-2019): Playwright who engaged with history to articulate India’s modernity




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Mogra Phulaalaa is a film that the whole family can watch: Sai Deodhar Anand




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Darshan’s Kurukshetra and Sudeep’s Pailwaan set for box office clash