Page 1246 - Company News

LTTS aims for a 10x increase in AI, software-defined vehicles specialists

L&T Technology Services is aiming to increase its talent base, specialising in artificial intelligence (AI) and software-defined vehicles (SDV), by ten times in the future

Sales weak in Q1; will meet Rs 14k cr target in FY24: Godrej Prop chairman

Realty firm Godrej Properties' sales performance remained muted in April-June, but the company will meet the annual target to sell properties worth Rs 14,000 crore

Punjab & Sind Bank plans to foray into MF space; to finalise partner by Sep

In a bid to expand fee-based income, state-owned Punjab & Sind Bank is planning to foray into mutual fund space and hopes to find a partner by September, a senior official has said

ONGC plans oil-to-chemical plants in pivot towards energy transition

Petrochemicals are chemical products derived from crude oil and are used in the manufacturing of detergents, fibres (polyester, nylon, acrylic etc.), polythene and other man-made plastics

Dhoot told Kochhar's husband she would 'land up sharing room with Indrani'

Deepak Kochhar became very angry and asked Dhoot to listen to his advice, otherwise he would "ruin him", according to the chargesheet

USFDA issues warning letter to Intas Pharma for lapses at Sanand plant

In a warning letter dated July 28, 2023, the US Food and Drug Administration (USFDA) pointed out various manufacturing lapses at the plant

India major centre of gravity for automotive major Stellantis: Co official

Stellantis, which came into existence after the merger of Fiat Chrysler Automobiles and the French PSA Group in 2021, currently sells its Jeep and Citroen brands in the country

Tech Mahindra trains 8,000 employees in artificial intelligence: Official

Tech Mahindra recorded a 38 per cent fall in June quarter net profit at Rs 692.5 crore due to a sharp contraction of the profit margins

Credit extended to Videocon caused loss of Rs 1,000 cr to ICICI Bank

The other accused named by the CBI are Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd and Videocon Industries Limited

Macrotech eyes Rs 12k-cr sales revenue from land parcels in MMR, Bengaluru

The company's sales bookings grew 34 per cent in 2022-23 to Rs 12,014 crore and it has set a target of 20 per cent growth to Rs 14,500 crore in the current fiscal

Jinesh Gopani quits Axis MF, to start own asset management venture

Devalkar has been with the fund house for over seven years and has been managing its bluechip, mid-cap, small-cap and flexi-cap funds

Once enacted, data Bill to create new functionalities for digital platforms

Every platform will need to take unconditional and informed consent from users for processing their data

Honeywell appoints Maheshwari as prez & CEO of High Growth Region Portfolio

He will succeed Ben Driggs, who will be taking another leadership role in the company

SC tells Oppo to pay 23% of sale revenue in India to Nokia till Aug 25

The HC order asked Oppo to furnish security payment of the India portion of the last-paid licence fee to Nokia in the patent infringement case

Weekend Bites: Import licences, taxing games, and the Ambani way

In which we munch over the week's platter of news and views

SBI reports merely 3% employee attrition, much lower than Private peers

The expansion of industry and the economy are producing ample job opportunities, which may be one of the reasons behind the high attrition rate in the private sector

Vedanta announces new appointments, advisory board for oil business

John Slaven has been appointed as chief executive officer for the Aluminium Business, also being designated as senior management personnel (SMP), effective from October 3 for a term of 3.5 years

Byju's misses August 3 deadline to rework $1.2 billion loan terms

Byju's said no deadline had been missed as "August 3 was merely a hopeful date that was likely to be scheduled for a sign off"

Won't invest in RBL further unless it sees 'compelling value': M&M

M&M Board had approved a stake buy of up to 4.5 per cent in RBL Bank

Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24

Contribution rose to 39% in Q1FY24 from 35.28% a year ago