Vedanta Limited Company has to face Problems due to Covid-19

Vedanta ltd

On March 30th, Vedanta Limited intimate to stock exchanges Pursuant to Regulation 30 of the Listing Regulations, please note that in the wake of the novel Coronavirus (COVID-19) outbreak across the Globe, there are various advisory directives issued by the Central / State Governments and Municipal Authorities in India to prevent and contain the spread of COVID-19. The Company and its subsidiaries have been taking various precautionary measures to ensure the safety and well-being of all our employees and stakeholders. While most of our operations are ‘essential’ or ‘continuous’ in…

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Airtel Provide Unrestricted Incoming services till April 17th and Rs 10 talk time

Bharti Airtel

March 30, 2020: Bharti Airtel (“Airtel”), India’s largest integrated telecommunications company, today announced special measures to assist low-income group customers impacted by the COVID-19 crisis. Airtel has extended the pre-paid pack validity for over 80 million customers till April 17th, 2020. All these customers will continue to get incoming calls on their Airtel mobile numbers even after the validity of their plan is exhausted. Airtel will also credit an additional Rs 10 of talk time in the pre-paid accounts of all these 80 million customers to enable them to make…

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Indian Railways convert 20,000 coaches into Covid-19 isolation wards

railway-isolation-20000 coaches

Indian railways may have to convert as many as 20,000 coaches into isolation wards, the Railways Board has informed it’s zonal units. Indian railways are planning to initially modify 5,000 passenger coaches, in its attempt to support the country’s healthcare system. Each coach has the capacity to carry 8-10 patients. The national transporter on Monday said it is planning to initially modify 5,000 passenger coaches, in its attempt to support the country’s healthcare system as the number of individuals diagnosed with coronavirus disease has crossed 1,000. As many as 27…

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Reliance Industries Announces Rs. 500 Crore Contribution to PM CARES Fund

coronavirus - covid 19

On March 30, 2020, Reliance Industries Ltd. (RIL) today announced a donation of Rs. 500 crore to PM CARES Fund in response to the call by the Prime Minister to support the nation’s fight against the Coronavirus onslaught. Mukesh Ambani: Shri Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, said, “We are confident that India will conquer the coronavirus crisis sooner rather than later. The entire Reliance Industries Limited team is with the nation in this hour of crisis and will do everything to win this battle against…

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Infosys Foundation Commits INR 100 Crore Towards COVID-19 Relief Efforts

Infosys - Foundation

Infosys Foundation, the philanthropic and CSR arm of Infosys, today announced that it is committing INR 100 crore to support efforts towards fighting COVID-19 in India. The Foundation contributed half of this commitment (INR 50 crore) to the PM CARES Fund. This sum will primarily be utilized across three broad areas of support that the Foundation has prioritized: To expand hospital capacity for treatment and enable hospital stays for COVID-19 patients across India, especially ones belonging to the economically weaker sections of the society. To provide ventilators, testing kits, and…

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Axis Bank allotted 3,600 equity shares

Axis Bank

the Axis Bank has allotted 3,600 equity shares of Rs. 2/- each of the Bank on 30th March 2020, pursuant to the exercise of stock options under its ESOP Scheme. The paid up share capital of the Bank will accordingly increase from Rs. 564,33,48,668 (282,16,74,334 equity shares of Rs. 2/- each) to Rs. 564,33,55,868 (282,16,77,934 equity shares of Rs. 2/- each). On 30 March, Today Share of Axis Bank Ltd closed in NSE at Rs.368.20 as compared to the previous close of Rs. 359.75. AXISBANK Share price is approx 2.35%…

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Hero Group has pledged Rs 100 Crore TOWARDS COVID-19 RELIEF EFFORTS

Hero Motocorp group pawan munjal

The Hero Group has pledged Rs 100 Crore as an aid for the ongoing COVID-19 relief-efforts in India. Half of this sum, Rs 50 Crore, will be contributed to the PM-Cares Fund and the remaining Rs 50 crore will be spent in other relief efforts. The Hero Group has pledged Rs 100 Crore as an aid for the ongoing COVID-19 relief-efforts in India. Half of this sum, Rs 50 Crore, will be contributed to the PM-Cares Fund and the remaining Rs 50 crore will be spent in other relief efforts.…

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The Federal Bank Limited to invest Rs. 148 crores in Fedbank Financial Services Ltd

Federal Bank

The Board of directors of The Federal Bank Limited has approved an investment of Rs.148 Crores in subsidiary – Fedbank Financial Services Limited (FFSL) through a rights issue. Objective of the Rights issue is to infuse regulatory capital in the firm. This is more than 5% of the Post issue Paid-up Capital of FFSL. Fedbank Financial Services Ltd is a subsidiary of The Federal Bank Limited (Bank holds 74% stake). Shares of FEDERAL BANK LTD. was last trading in BSE at Rs.40.7 as compared to the previous close of Rs.…

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Gujarat Gas Limited appointed Shri Sandeep Daveas Company Secretary

Gujrat Gas ltd

On 30th March, Gujarat Gas Limited has approved the appointment of Shri Sandeep Dave as Company Secretary Compliance Officer and Key Managerial Personnel of the Company w.e.f. 30 March 2020. Sandeep Dave Profile: Mr. Sandeep Dave (FCS7443), Group General Manager is a fellow member of ICSI and a law graduate. He has a corporate experience of approx 20 years. He has handled various assignments of GSPC group of companies including the public issue of GSPC Group Company as a compliance officer, implementation of the corporate governance framework, the scheme of merger…

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