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IndiGo announces deeper pay cuts of up to 35 per cent for senior employees. (AFP Photo)

IndiGo slashes up to 35% pay for senior employees

From May onwards, IndiGo had implemented pay cuts of up to 25 per cent for its senior employees

28 July 2020 10:47 AM IST

Huawei cuts India revenue target by up to 50%, laying off staff. (AP Photo)

Huawei is laying off 60-70% staff in India, cuts revenue target for...

Huawei is now targeting $350-$500 million in revenue for 2020, compared with roughly $700-800 million it was aiming...

27 July 2020 10:19 AM IST

Lupin, Granules India recall around 9.71 lakh bottles of diabetes drug in the US market. (Representative Image)

Lupin, Granules recall 9,71,000 bottles of diabetes drug Metformin...

Hyderabad-based Granules India is recalling over 4.78 lakh bottles of the drug in 750 mg strength

27 July 2020 8:55 AM IST

Cafe Coffee Day (CCD)has closed down around 280 outlets in the first quarter of the current fiscal year. (AFP Photo)

Cafe Coffee Day probe: Clean chit to I-T Dept in VG Siddhartha suicide...

The probe gave a clean chit to the tax department that was being alleged to have harassed Siddhartha

24 July 2020 9:59 PM IST

Sun Pharmas arm Taro resolves all cases with US Dept of Justice. (PTI Photo)

Sun Pharma-'s Taro resolves multi-year investigations over generic...

Taro Pharmaceutical said that it is discussing a separate corporate integrity agreement with the department of health...

24 July 2020 12:50 PM IST

US to pay Pfizer, BioNTech $1.95 billion for COVID-19 vaccine. (AFP Photo)

Pfizer, BioNTech reach $1.95 billion COVID-19 vaccine deal with US

The contract for 100 million doses of the vaccine amounts to a $39 price tag for what is likely to be a two-dose course...

23 July 2020 10:13 AM IST

Glenmarks trial results show significant faster time to clinical improvement with Favipiravir. (Representative Image)

Glenmark-'s Favipiravir shows positive results in Phase-3 COVID-19...

The results also demonstrated 40 per cent faster achievement of -'clinical cure-' defined as the physician-'s assessment...

23 July 2020 9:32 AM IST

LinkedIn laying off nearly 1,000 amid hiring slowdown. (AFP Photo)

LinkedIn cuts nearly 1,000 jobs worldwide

CEO Ryan Roslansky said the job cuts will hit global sales and hiring sections of the company

22 July 2020 12:06 PM IST

The Coca-Cola Company on Tuesday reported a 16 per cent decline in its unit case volume for the second quarter. (AP Photo)

India lockdown dents CocaCola sales in June quarter

Â“Unit case volume declined 36 per cent driven by India and South Africa due to the impact of the coronavirus,Â” said...

22 July 2020 8:54 AM IST

Hindustan Unilever is a leading FMCG company.

Hindustan Unilever registers 5.7 per cent growth in consolidated net...

The company had posted a net profit of Rs 1,795 crore in April-June quarter of the previous fiscal.

21 July 2020 7:01 PM IST

FabiFlu more economical, effective treatment option for COVID-19: Glenmark tells DGCI

FabiFlu more economical, effective treatment option for COVID-19:...

Glenmark also denied making any claims that â€œfavipiravir aloneâ€ is effective in treatment of mild-to-moderate...

21 July 2020 3:48 PM IST

Novartis reported Tuesday higher profits in the first half of the year despite the coronavirus pandemic causing swings in sales. (AFP Photo)

Novartis profits rise despite coronavirus sales swings

Sales were mostly affected by lower new patient starts and significant reduction in patient visits to physicians, said...

21 July 2020 1:23 PM IST