The promoter and promoter group of the company have confirmed they will subscribe to the full extent of their aggregate rights entitlement.In addition, they will also subscribe to all the unsubscribed shares in the Issue

Auto companies, however, managed to export vehicles due to resumption of port operations.Maruti, Hyundai, M&M, Toyota Kirloskar, MG Motor reported zero domestic car sales for April

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

The move comes close on the heels of Centre allowing gradual resumption of economic activity amid the pandemic.Hyundai was planning to manufacture around 12,000 to 13,000 vehicles in May

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

The company is to also repurpose its business on digital fitness offerings, including tele-consultants.Apart from layoffs, Cure.fit has moved 90% of trainers across its gyms to a variable pay model to cut costs

Over 3,500 coaching centres across 70 cities and towns in India use the platform, says Classplus, which was launched in 2018

Prior to Zuora, Sloat held executive finance roles at firms such as NetApp Inc. and Siebel Systems, Inc

Net profit falls 74% at Rs340.21 crore in March quarter of FY20, from Rs1,314.19 crore in same period of previous fiscal.For the full year, APSEZ reports net profit of Rs3,784.53 crore, down 6.4% year-on-year from Rs4,044.75 crore in FY19

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

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

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

While Paytm is looking to equip kiranas with a tech ecosystem, Swiggy has on-boarded several on its platform

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