Page 1088 - Company News
OYO platform to get 750 hotels in next 3 months to tap peak travel season
Hospitality technology firm OYO on Monday said it will add 750 hotels on its platform in the next three months in over 35 leisure markets to tap the festive and winter tourism season.
 "OYO platform to get 750 hotels in next 3 months to tap peak travel season")
HCLTech appoints Sonia Eland as country manager for Australia, New Zealand
IT services company does business in digital, engineering, cloud, AI in the two countries
 "HCLTech appoints Sonia Eland as country manager for Australia, New Zealand")
Exxon Mobil drilling for lithium in Arkansas, to begin production by 2027
Exxon didn't disclose how much it's spending on the project, which is expected to be a boost for a part of Arkansas that has a history as an oil and gas producer
 "Exxon Mobil drilling for lithium in Arkansas, to begin production by 2027")
New launches, exports gain captured in Eicher Motors' valuations
Aided by a 10 per cent increase in volumes and 5 per cent increase in realisations
 "New launches, exports gain captured in Eicher Motors' valuations")
Adani used renewable source to supply 4 hrs of power to Mumbai on Diwali
In a statement, Adani Electricity said it had planned the exercise in advance by sourcing power from solar and wind generation
 "Adani used renewable source to supply 4 hrs of power to Mumbai on Diwali")
Tata Steel cuts 800 jobs in the Netherlands to increase profitability
"Despite all efforts by Tata Steel to improve its market position and reduce costs, more needs to be done," the company said in a statement
 "Tata Steel cuts 800 jobs in the Netherlands to increase profitability")
Gail does world's first ship-to-ship LNG transfer, cuts CO2 emissions
"This is the world's first STS between a large conventional LNG vessel and a Q-Flex LNG Vessel," an official said
 "Gail does world's first ship-to-ship LNG transfer, cuts CO2 emissions")
Tata Steel's global stride with new deal to aid Europe profitability
15 years ago, the global financial crisis set in and undid Tata Steel's best-laid plans in Europe. How far can the new deal help?
 "Tata Steel's global stride with new deal to aid Europe profitability")
90% organisations say generative AI will help add new lines of biz: PwC
On the other hand, 73% are of the view that it will lead to catastrophic cyber attacks in the next 12 months, the report said
 "90% organisations say generative AI will help add new lines of biz: PwC")
ONGC to start oil production from $5bn deep-water project this month
ONGC's KG-DWN-98/2 or KG-D5 block, which sits next to Reliance Industries' KG-D6 block in the KG basin, has a number of discoveries that have been clubbed into clusters
 "ONGC to start oil production from $5bn deep-water project this month")
Expect momentum building on demand side moving ahead: Hero MotoCorp
However, two-wheeler retail sales witnessed a 13 per cent decline to 15,07,756 units last month, as against 17,25,043 units in the year-ago period
 "Expect momentum building on demand side moving ahead: Hero MotoCorp")
With US funding in pocket, Adani plans expansion of overseas port empire
The announcement marked a welcome reprieve for India's Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year
 "With US funding in pocket, Adani plans expansion of overseas port empire")
IT services companies chase large deals for higher revenue, faster growth
IT companies consider deals at or above $100 million as large deals while deals at or above $500 million are categorised as mega deals
 "IT services companies chase large deals for higher revenue, faster growth")
BHEL felicitates Jindal Stainless for indigenous development of plates
Earlier, C276 cladded plates as well as GR 91 plates were being imported from the European Union, China, and Japan, it added
 "BHEL felicitates Jindal Stainless for indigenous development of plates")
Continental plans thousands of job cuts in auto division to save €400 mn
The group as a whole employed around 200,000 people in 57 countries and markets as of the end of 2022
 "Continental plans thousands of job cuts in auto division to save €400 mn")
JP Morgan ESG head Chuka Umunna calls for new green tech funding model
This was partly because of the capital requirements for some green tech firms in early stages of development, he said
 "JP Morgan ESG head Chuka Umunna calls for new green tech funding model")
Google sues five scammers over fake Bard AI chatbot that downloads malware
The company is suing the scammers for trademark infringement because they used Google's logo to promote their scheme. They're also suing for breach of contract
 "Google sues five scammers over fake Bard AI chatbot that downloads malware")
Biocon biologics receives marketing approval by MHRA for YESAFILI in UK
This approval follows the green light granted by the European Commission (EC) for marketing authorisation in the European Union (EU) back in September
 "Biocon biologics receives marketing approval by MHRA for YESAFILI in UK")
Avaya to add India staff strength by 20% over next year: Global CEO
The company is looking to hire data scientists and engineers specialised in artificial intelligence
 "Avaya to add India staff strength by 20% over next year: Global CEO")
CRISIL Ratings upgrades Jindal Stainless' rating to stable from positive
"Long-term bank facilities and debt programme of Jindal Stainless Ltd (JSL) were revised from Crisil AA-/Positive to Crisil AA/Stable"
 "CRISIL Ratings upgrades Jindal Stainless' rating to stable from positive")