Page 1377 - Company News

India's airlines: Both Go First and bankruptcy laws need a rescue

Insolvent airline Go First will be a test of whether the country is ready to rebalance creditors' rights and shareholders' privileges

Tesla to pick location for new factory by year end, says Elon Musk

(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year.

Meta sells Giphy for $53mn to Shutterstock after UK blocked purchase

Shutterstock said it's buying Giphy from Meta Platforms for $53 mn, the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the platform

Paytm Payments gets RBI nod to re-appoint Vijay Shekhar as part-time chair

One97 holds a 49 per cent stake in PPBL and Sharma holds the rest of the stake in the entity

Dish TV CEO Atul Dua to quit, company proposes Manoj Dobhal new chief

The company is unable to pass its annual statements from the last two years and get approval from shareholders over the appointment of directors, leaving certain positions vacant

Biocon Q4 results: Net profit rises 31% to Rs 313 cr, revenue up 57%

For the entire financial year, the company's net profit saw a decline of 29 per cent to Rs 462.7 crore, as compared to Rs 648.4 crore in 2021-22

Reliance Retail hands over pink slips to 700 staff, many on watch list

Reliance Retail has around four lakh employees, including those added from Metro Cash & Carry India

SpiceJet hikes salaries for captain pilots to Rs 7.5 lakh per month

Budget carrier SpiceJet on Tuesday announced hiking the salary for its captains to Rs 7.5 lakh per month for 75 hours of flying as well as introduced a tenure-linked loyalty reward for them

Noida Metro invites feedback from public to improve services, experience

The Noida Metro Rail Corporation (NMRC), which operates the Noida-Greater Noida Metro, on Tuesday said it has invited feedback from public and service providers to improve commuters' travel experience

ALD Automotive completes acquisition of LeasePlan, makes local mgt changes

With this deal, the combined entity now has a total of 3.31 million vehicles managed worldwide

Amara Raja Batteries posts 41% rise in Q4 net profit; revenue up 11%

During the period under review, the company's revenue from operations also saw an increase of 11 per cent to Rs 2,429 crore, from Rs 2,181 crore during Q4 FY22

PC shipments fell by 30% in first quarter, notebooks fared the worst

The hope is that global companies like HP, Dell, Acer, Asus, and Lenovo will move their production to India by giving contracts to EMS players

Ashok Leyland Q4 consolidated net up four-fold to Rs 803 cr

Revenue from operations up 33% to Rs 13,203 cr in Q4 of FY23

Flexi-staffing growth slows for second consecutive quarter on trot

Earlier, in Q3 the industry had registered a growth of 0.8 per cent.

Microsoft's Bing chatbot updated with chat history: Details on all upgrades

Microsoft had announced the upgrades to its generative AI chatbot earlier this month and has now confirmed that they are rolling out new upgrades such as chat history, charts and visualisations, etc

US Trade Development Agency aims for greater India-US partnership on 5G

The workshop was an effort to convene leading industry experts and officials to exchange information on approaches, solutions, and applications of 5G and next generation networks in India

Apple inks multi-billion-dollar deal with Broadcom for US-made chips

Broadcom shares were up 4.3% in premarket trading after the announcement. The chipmaker is already a major supplier of wireless components to Apple

No definite timeline yet for resuming flights: Go First tells DGCA

Airline has filed for bankruptcy, blames engine supplier Pratt & Whitney for grounded fleet

'No definite timeline for resuming operations', Go First tells DGCA

Go First stopped its operations on May 3 and announced the cancellation of flights for May 4 and May 5

Nirma, 3 private equity firms in race to buy Glenmark Life Sciences

Glenmark owns 82.8 per cent stake in the company which closed at a total market valuation of Rs 6,361 crore on Tuesday with its shares closing at Rs 519 a share on Tuesday