Page 1370 - Company News

Unilever CFO Pitkethly to leave company by May 2024 as inflation worsens

The announcement of his departure comes as Unilever, like the rest of the consumer goods industry, is grappling with significant cost inflation and pressure on its margins

Top 4 IT companies see 40% drop in large client additions in FY23

Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients

Mining giant Glencore lends $250 million to rival Vedanta Resources

In return, VRL pledges 4.4 per cent stake in Vedanta to Glencore

After RIL-bp, Nayara Energy sells petrol, diesel at Re 1 less than PSUs

After Reliance Industries Ltd and its partner bp plc of the UK, Nayara Energy - the nation's largest private fuel retailer

'Period of tremendous growth': Gopinathan recalls 6-yr at helm in TCS

Change of guard at IT services giant today, with Krithivasan set to pick up baton

Adani-Hindenburg saga: Two Mauritius firms in report were under I-T lens

In its Adani report, Hindenburg Research named five Mauritius-based companies that collectively held sizeable stakes in Adani group companies over one and a half decades

We are targeting more than Rs 1,300-crore turnover in FY24: DCI CEO

Dredging Corporation of India Ltd (DCI) is targeting a 12 per cent growth to hit the turnover of more than Rs 1,300 crore in the ongoing financial year, MD & CEO S Divakar said

HUL well placed to partner India growth story, says Chairman Nitin Paranjpe

Paranjpe said that HUL is well-placed to partner the India growth story and is committed to playing its role in creating a sustainable and equitable future

Can Adani convince investors to back his capital-hungry businesses?

The utility company earlier this month announced plans to raise as much as $1 billion - one of two Adani companies looking to issue new shares for the first time since the short seller crisis

Zee Media Corporation net loss narrows to Rs 45.8 cr in March quarter

Its total revenue from operations fell 40.38 per cent to Rs 147.69 crore in the quarter under review from Rs 247.73 crore in the corresponding quarter of the previous fiscal

Will continues to assist authorities in probe into company: Rolls-Royce

A document showed earlier that India had filed graft case against Rolls-Royce and BAE Systems for "criminal conspiracy" in procurement and licensed manufacturing of 123 Hawk 115 advanced jet trainers

Jaypee Infratech defers approval of financial statements for March quarter

Jaypee Infratech is unable to finalise its annual accounts for FY 2022-2023 on account of the pending Appeals, which are factors beyond its control, it added

BigBasket co-founder Abhinay Choudhari's LaundryMate raises $6.25 mn

Blume Founders Fund and several HNIs, including Ola co-founder Ankit Bhati, participated in the pre-Series A round

WardWizard Innovations partners with iCreate to mentor EV startups

The partnership will be working at the grass-roots level, providing the best solutions, guidance to build a strong ecosystem for the EV startups, he said

Warburg Pincus buys majority stake in Vistaar Finance for $250 mn

Vistaar Finance is a leading SME lender in India; it operates in 12 states with over 2,500 staff serving 40,000 customers; AUM of Rs 3,150 crore as of March 2023

Executives of crisis-hit Go First discuss revival plans with DGCA officials

Senior executives of crisis-hit Go First, which is undergoing insolvency resolution process, on Monday discussed its revival plans with officials of aviation regulator DGCA, according to a source

Taxing times: Income tax heat on start-ups over unexplained funds

Notices issued to check round-tripping

ONGC plans to invest up to Rs 1 trillion in energy transition by 2030

ONGC is also looking to quickly expand its oil production through a series of projects

upGrad Abroad to hire 500 freshers in 3 months to expand business

The fresh recruits would be made across multiple sub-departments including sales, marketing, technology and product, upGrad Abroad said in a statement

CoC clears plan to distribute funds equally to Reliance Capital lenders

Dissenting lenders to get same amount from Hinduja offer