Sales in the commercial vehicle segment have plummeted post the outbreak of COVID -19 with medium to heavy commercial vehicles taking it on the chin. For instance, Ashok Leyland reported an unprecedented 90 percent year-on-year drop in domestic sales for May 2020. … [Read more...] about Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue
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The Thayers weren’t the only family looking for therapeutic settings. The 1870s marked the start of the sanatorium movement, in which individuals who had tuberculosis, or thought they might, were able to steel themselves against the illness in medically supervised, open-air compounds often near the mountains, desert or the sea. At the time, tuberculosis was the cause of roughly one in seven deaths in the U.S. … [Read more...] about How creativity can help us navigate COVID-19: Lessons from the 19th century
Suresh Manglani, CEO of Adani Gas said, "We are watchful of the ongoing pandemic situation for COVID-19. As a responsible natural gas service provider, Adani Gas Ltd has ensured continuous supply of CNG and PNG, uninterrupted and prompt customer care service during these tough times." … [Read more...] about Adani Gas net profit drops 42% in Q1
Plus, there’s a reason Philo might not care so much about wading into the swamp of cable disrupters. By providing a simple way for college kids to access TV, the startup is going after the incredibly valuable 18- to 24-year-old demographic. It’s thus able to gather a huge amount of data, not just on what they’re viewing but what they’re sharing to offer targeted advertising through the Web. “Data and advertising are the business model,” Thorpe says. (The company doesn’t disclose its financials, but it’s also already generating revenue from licensing its technology and servers to universities.) One could imagine an ad for Domino’s would be especially relevant to a college sophomore watching Pineapple Express at 2 a.m. And once Philo bakes social into the experience, the team imagines the ads could become more targeted–not to mention more interactive online. … [Read more...] about Tivli Rebrands As Philo. Is It Harvard’s Next Facebook?
With the launch, HDFC Ltd will become the sixth corporate to launch a QIP during the lcokdown period and will join the likes of Kotak Mahindra Bank, JM Financial, PI Industries Axis, Bank and Info Edge. On June 19th, 2020, a committee of directors of the firm today approved a massive fund raising exercise of up to Rs 14,000 crore in one or more tranches through a combination of financial instruments. The HDFC statement added that the said funds are being raised to augment its long term resources , finance organic & inorganic business opportunities that may arise in financial services including housing finance and /or in areas where its subsidiaries operate, and to maintain sufficient liquidity and for general corporate purposes. … [Read more...] about HDFC Ltd launches mega Rs 14,000 crore QIP