Page 1279 - Company News
Tatas, Wipro Consumer in race to acquire masala company for Rs 1,000 cr
The company, whose revenues stood at Rs. 1,660 crore and its net profit at Rs. 21.7 crore in FY22, has become a takeover target of various larger players
 "Tatas, Wipro Consumer in race to acquire masala company for Rs 1,000 cr")
See my role as non-exec board member, a strategic shareholder: Uday Kotak
His term as MD & CEO of Kotak Mahindra Bank ends on December 31, 2023
 "See my role as non-exec board member, a strategic shareholder: Uday Kotak")
China's Xiaomi bets bigger on India retail stores amid Samsung rivalry
But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further
 "China's Xiaomi bets bigger on India retail stores amid Samsung rivalry")
Hope to have 70% staff back in office by FY24-end, says HCLTech CEO
For now, HCLTech is seeing a gradual increase in the number of people coming to offices, he said
 "Hope to have 70% staff back in office by FY24-end, says HCLTech CEO")
Zeiss Group plans to invest Rs 2,500 crore in new plant in Karnataka
Carl Zeiss India, the group's arm in the country, expects to employ around 5,000 people when the new plant becomes fully-operational
 "Zeiss Group plans to invest Rs 2,500 crore in new plant in Karnataka")
K'taka HC stays transfer of shares worth Rs 2.51 cr in TD Power System Ltd
The court passed the interim order on a petition by Vijay Ravindra Kirloskar, the chairman of city-based Kirloskar Electric Company (KEC) who founded TDPSL in 1999
 "K'taka HC stays transfer of shares worth Rs 2.51 cr in TD Power System Ltd")
Pizza Hut to continue aggressive expansion spree: Merrill Pereyra
Pizza Hut, which had doubled its store count in the country to over 820 in the last two years, will continue its "aggressive expansion spree", said a top company official
 "Pizza Hut to continue aggressive expansion spree: Merrill Pereyra")
Boult Audio expects business to double to Rs 1,000 cr this fiscal
Boult Audio expects 100 per cent growth in revenue to Rs 1,000 crore this fiscal on the back of expansion in sales channels and growth in the smartwatches category, a top company official said
 "Boult Audio expects business to double to Rs 1,000 cr this fiscal")
Responsible innovation, reskilling needed as tech cos adopt Gen AI: Experts
With generative artificial intelligence set to impact operations in businesses, industry experts emphasise the need for reskilling, as they push for responsible innovation.
 "Responsible innovation, reskilling needed as tech cos adopt Gen AI: Experts")
Bharat NCAP right step to encourage production of safe cars: Auto Cos
Auto majors Mahindra & Mahindra, Maruti Suzuki and Toyota have termed the upcoming Bharat New Car Assessment Programme (BNCAP) as a bold step in the right direction for the domestic industry
 "Bharat NCAP right step to encourage production of safe cars: Auto Cos")
ONGC revamp: New director to spearhead new energy, petrochem business
A new director for strategy and corporate affairs has been created, according to an office order from the company
 "ONGC revamp: New director to spearhead new energy, petrochem business")
India to push G20 to raise share of taxes on cos which earn excess profit
More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinationals
 "India to push G20 to raise share of taxes on cos which earn excess profit")
JSW Steel considering bid for up to 20% stake in Canada's Teck Resources
JSW Steel and Teck Resources did not immediately respond to requests by Reuters for comment
 "JSW Steel considering bid for up to 20% stake in Canada's Teck Resources")
DMart Q1 net rises 2.5% to Rs 659 crore, sales up 18% to Rs 11,865.4 cr
The total income of Avenue Supermarts in the June quarter was at Rs 11,904.18 crore, up 18.24%
 "DMart Q1 net rises 2.5% to Rs 659 crore, sales up 18% to Rs 11,865.4 cr")
FMCG firm Marico expects food business to reach Rs 850 cr in FY24
Saffola, the master brand under which Marico offers healthier foods, has expanded the total addressable market to over Rs 10,000 crore, through a portfolio of healthy value-added offerings, it said
 "FMCG firm Marico expects food business to reach Rs 850 cr in FY24")
Pfizer's proposed $43 bn takeover of Seagen faces EU investigation
If the takeover goes through, Seagen's portfolio would double Pfizer's pipeline of early-stage experimental cancer therapies, Pfizer has said
 "Pfizer's proposed $43 bn takeover of Seagen faces EU investigation")
PropVR partners Unreal Engine to develop 3D solutions for realty sector
The partnership is to develop digital twin and interactive 3D solutions for the real estate industry, it added
 "PropVR partners Unreal Engine to develop 3D solutions for realty sector")
Kia India receives record 13,424 first-day bookings for new Seltos
The bookings for the new Kia Seltos commenced on July 14
 "Kia India receives record 13,424 first-day bookings for new Seltos")
Crypto giant Binance lays off more than 1,000 employees, says report
Last week, a string of executives also quit Binance, which included its Chief Strategy Officer Patrick Hillmann
 "Crypto giant Binance lays off more than 1,000 employees, says report")
Ministry of Corporate Affairs to take back 7,338 cases under companies law
The ministry had constituted a committee to undertake a thorough review of all the pending litigations
 "Ministry of Corporate Affairs to take back 7,338 cases under companies law")