Voda-Idea FY20 loss at ₹73,878 cr.

‘AGR liability casts doubt on firm continuing as going concern’ Vodafone Idea, the country’s third-largest telecom operator, reported a staggering ₹73,878 crore net loss for the fiscal ended March 2020, likely the highest ever by any Indian firm, after it provisioned for Supreme Court-mandated statutory dues. The firm, which has […]

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Microsoft, Accenture collaborate on startup challenge

This collaboration is the first corporate access partnership for Microsoft‘s 100X100X100 programme in India A programme of Microsoft, ‘100X100X100’, is collaborating with Accenture to host the third edition of the Accenture Ventures Challenge for startups in India. To be held on August 11 in a virtual format, this year’s edition […]

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Auto exports tumble 73% on lockdown, delayed orders

Import clearance delays may affect manufacturing: SIAM Even as automobile sector exports tumbled 73% in May 2020 to $230.3 million, the industry on Monday warned that inordinate delays in clearance for consignments from China may lead to a halt in the manufacture of vehicles in the country. Import consignments from […]

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Qantas to cut 6,000 jobs due to virus outbreak

Australian officials have said the country is unlikely to open to international travellers until next year Qantas Airways Ltd said on Thursday it is axing at least 20% of its workforce and plans to raise up to $1.30 billion of equity as part of drastic measures in response to the […]

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Arvind ties up with HeiQ to introduce anti-viral fabrics, garments under “Intellifabrix” brand

Using this technology Arvind will offer shirting & suiting fabrics, readymade garments and face masks in India. Arvind Ltd, the leading textile-to-retail conglomerate has entered into technical collaboration with Swiss textile innovator HeiQ Materials AG and Taiwanese speciality major Jintex Corporation to introduce Anti-Viral “Virolock” textile technology for the first […]

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