Page 1163 - Company News

Accenture forecasts first-quarter revenue below Wall Street estimates

Infosys halved its full-year revenue forecast in July, citing delayed decision-making on future projects from clients, while Tata Consultancy Services also flagged soft demand

Tata Steel inks pact with IOCL to further reduce carbon footprint

The agreement encompasses LPG supply, installation of LPG facilities, and the operation and maintenance of the same at the company's Ferro Alloys Plants in Gopalpur of Ganjam

Tata Consultancy Services retains top spot as most valuable Indian brand

India's top 75 brands have a combined brand value of $379 billion, a decline of 4 per cent from 2022

NLC India completes PPAs for 2,400 MW coal-fired Talabira plant in Odisha

The agreement was signed between M Prasanna Kumar, Chairman & Managing Director (CMD), NLC India Ltd, and Trilochan Panda, Managing Director, in presence of other senior company officials

Revenue share demands by internet-telcos like rent-seeking: IAMAI

IAMAI said demands made by telcos for revenue sharing mechanisms between internet companies and telecom service providers "smack of rent-seeking", would disincentivise growth for OTT-based businesses

Supercross India plans to invest Rs 150 cr in 3yrs to create racing infra

The investment will be towards creating racing infrastructure, grassroots development and ensuring that world-class events across India are held in the next three years, the company said in statement

Tamilnad Mercantile Bank MD & CEO Krishnan resigns, cites personal reasons

Krishnan also served as the MD and CEO of Punjab and Sind Bank from September 4, 2020 to May 31, 2022

Amazon Pay eyes expansion with more bank, card network partnerships

Launched in October 2018, Amazon Pay's co-branded credit card is in association with ICICI Bank and utilises Visa as the card network

Eveready Industries India plugs in 'Ultima' to power up premium play

Suvamoy Saha, managing director of Eveready, pointed out that in India, device penetration was low and battery usage traditional

Indian EV charger maker Exicom Tele-Systems files for $48 million IPO

The company proposes to utilise the proceeds for partially financing the cost of setting up production lines at its planned manufacturing facility in Telangana

IHC to sell stake in Adani units as part of portfolio rebalancing strategy

It did not disclose the name of the buyer or the extent of the investment it was selling. Adani Green Energy and Adani Energy Solutions did not immediately reply to Reuters requests for comment

Flipkart appoints Microsoft's Keshav Dhakad as senior V-P, general counsel

Dhakad has moved out of Microsoft after spending 15 years with the tech giant in various roles

Flipkart to host its 'Big Billion Days' sale event from October 8

Flipkart's chief rival, Amazon, is also hosting its flagship sale event, 'Great Indian Festival' (GIF), on October 8, with early access for Prime members beginning October 7

Cognizant appoints Wipro's Jatin Dalal as its next chief financial officer

Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer (CEO), who joined the company last October

Co-working firm EFC exploring FPO, other ways to raise funds for expansion

The company said in a statement that it has recently signed around 5 lakh square feet of office spaces in Pune, Noida, Hyderabad, and Kolkata

Eutelsat, OneWeb merge to create GEO-LEO space connectivity company

Headquartered out of Paris, the merged entity will have Bharti Enterprises as its largest shareholder with a 21.2 per cent share

CDIL 1st Indian firm to make silicon carbide chips, starts unit in Mohali

CDIL Semiconductors has also partnered with the government's Semi-Conductor Laboratory (SCL) in Mohali

Over 8 million customers expected to shop during Myntra's festive sale

With over 23 lakh styles from more than 6000 brands, the fourth edition of the Myntra BFF offers one of the biggest assortments of selections across fashion, beauty, and lifestyle ever

Air India to roll out new uniforms for frontline employees by December

The Tata Group took charge of Air India in January last year. Currently, the conglomerate is in the process of merging Vistara into Air India

Bhilai Steel Plant, Ramcharan tie up for carbon capture joint venture

This will lead to an investment of Rs 6,000 crore in the form of equipment from Ramcharan