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Fiat Chrysler Does Not See Delay In PSA Merger, FIOM Union Says

" FIOM representative Michele De Palma told Reuters, correcting an earlier FIOM statement which said a delay was "certain" given the current situation.

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Xerox Abandons $35 Billion Hostile Bid For HP

HP relies on its desktop and notebook PCs business for the majority of its net revenue but gets the bulk of its earnings from its printing hardware and supplies division.

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IKEA Starts Producing Protective Gear For Health Care Workers

IKEA had however been prepared and was able to mitigate such barriers relatively well, partly by spreading inventories to warehouses in several locations, he said in an interview.

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Sensex Rallies Over 1,000 Points, BPCL Jumps By 14%

The BSE S&P Sensex closed 1,028 points or 3.62 per cent higher at 29,468 while the Nifty 50 nudged higher by 317 points or 3.82 per cent to 8,598.

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Huawei Posts 5.6% Rise In 2019 Profit, Smallest Increase In Three Years

Net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% compared with a 25% jump a year earlier.

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Cyient To Support Manufacturing Of Critical Medical Technology In Fight Against COVID-19

Cyient leverages digital technologies, advanced analytics capabilities, its domain knowledge and technical expertise to solve complex business problems.

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Gold Falls As Dollar Strengthens, Shares Rally; Set To Post Quarterly Gain

Spot gold fell 0.5% to $1,613.40 per ounce by 0327 GMT. It gained about 6.4% for the quarter, and about 1.8% for the month. U.S. gold futures eased 0.2% to $1,615.80.

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Fiat Chrysler Executives, Salaried Employees To Take Pay Cuts During Coronavirus Pandemic

GM's chief executive and chief financial officer issued a stark warning to company employees in an internal video, saying that "significant austerity measures" were needed to preserve the company’s long-term viability.

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Alibaba Plans To Buy At Least 10% Stake In Chinese Courier Yunda

Alibaba's move also comes one year after it took a 14.65% stake in another large express delivery firm, STO Express Co Ltd, through a 4.66 billion yuan deal.

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Imperative For Businesses To Join Hands With Govt, Civil Society, Healthcare Institutions: Infy CEO

Infosys Foundation on Monday announced that it is committing Rs 100 crore to support efforts towards fighting COVID-19 in India.

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Equity Indices In The Green, Vedanta Gains By 7.5%

BSE S&P Sensex was up by 462 points or 1.62 per cent to 28,902 while the Nifty 50 edged higher by 147 points or 1.77 per cent to 8,428.

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Ford, GE To Produce 50,000 Ventilators In 100 Days

GE and Ford engineers are working together to boost production at a GE plant in Madison, Wisconsin, of a GE ventilator, different from the model licensed from Airon.

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Instacart, Amazon Workers Strike As Labour Unrest Grows During Coronavirus Crisis

Amazon said later it fired an employee who helped organize the action for alleged violations of his employment, including leaving a paid quarantine to participate in the demonstration.

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Global Markets: Asia Shares Edge Up, China Factories Show Flicker Of Life

China's official manufacturing purchasing managers' index (PMI) bounced to 52.0 in March, up from a record-low 35.7 in February and topping forecasts of 45.0.

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Coronavirus Could Force GM To Delay Its Redesigned 2021 SUVs

GM said preproduction work on those programs would be pushed back to calendar year 2021, with most of the updated vehicles scheduled to be launched as 2022 models.

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