Page 1387 - Company News

BT Group to cut up to 55,000 jobs by 2030 as fibre and AI tech arrive

The company has been working through a transformation plan to build a national fibre network under boss Philip Jansen, as well as rolling out high-speed 5G mobile services

Ramco Cements Q4 results: Consolidated net profit rises 22.5% to Rs 152 cr

The company's sale of products rose by 50.7 per cent to Rs 2,559 crore for the March quarter as compared to Rs 1,698 crore in the year-ago period

EasyJet has sufficient planes on order for growth targets, says CEO

Supply chain issues mean both plane manufacturers are struggling to deliver new jets on time, but the CEO said that as one of the world's largest A320 family customers, easyJet was well-placed

Jubilant Foodworks, Advent Int'l in race to buy Burger King franchise

M&As pick up pace in Indian QSR industry amid sharp recovery in revenues

PESB recommends no one for IOC top job at blue chip oil companies

This is the second time in recent months that PESB has not been able to find a suitable candidate for high-ranking positions at blue-chip oil companies

Medical tech firm Medtronic to invest Rs 3,000 cr for Hyderabad R&D centre

Facility employs 800 people and will take up more 1,500 in the next five years

Anil Agarwal's Vedanta in talks with banks to raise at least $500 million

The group has been depending on money from its units to tackle its debt load, especially after it failed to sell some zinc assets to Hindustan Zinc Ltd for $3 billion

GAIL Q4 profit falls 77.5% to Rs 603 cr as Ukraine war weighs on gas supply

For the full FY23, the company's net profit fell 48.5 per cent to Rs 5,301 crore in FY23, down from Rs 10,363 crore in FY22

Speed Kitchen raises undisclosed amount in funding led by Inflection Point

Inflection Point Ventures (IPV) has so far invested over Rs 550 crore across over 170 deals

Uber introduces 'teen accounts' with safety features in US, Canada

With 'always-on support', parents will be able to contact the driver directly during a trip, contact Uber's support team, or report an issue on behalf of their teen

Swiggy's food delivery business turned profitable in March: CEO Majety

Rare for global food delivery platforms to achieve profitability in less than 9 years, he says

Adani's NDTV plans to launch 9 news channels in different languages

NDTV's revenue for the financial year ended on March 31, 2023 was at Rs 220.65 crore

Top Toyota scientist warns against ditching gasoline too soon ahead of G7

While Toyota and other Japanese carmakers pioneered hybrid technology, they have been slow to ramp up EV output

Everstone in talks to sell 41% stake in India's Burger King franchisee

Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a 40.9 per cent stake in Restaurant Brands as of March 31, according to Refinitiv data

Oracle lays off over 3,000 employees from health IT arm Cerner: Report

Cloud major Oracle reportedly laid off more than 3,000 employees at the electronic healthcare records firm Cerner which it acquired for $28.4 billion

Patriarch Srichand Hinduja's death puts spotlight on $14 bn family feud

At stake is the direction for one of the world's biggest conglomerates that employs more than 200,000 people worldwide

Amazon to invest $12.7 billion in India cloud infrastructure by 2030

Amazon.com Inc. plans to invest $12.7 billion in cloud infrastructure in India by 2030, joining other global tech giants in betting on growth in the South Asian nation's digital economy

Tech job losses on course to exceed 2022 number, already at 57% of last yr

Some 8,134 employees have reportedly lost their jobs in the country as of May 2023

Go First tells pilots to resume work from May 27, training from tomorrow

It is mandatory to do a refresher training as the pilots haven't been flying since 3 May, according to media reports

WeWork plunges as 'disruptive' CEO change prompts downgrade: Report

Mathrani's departure is the latest blow for WeWork stock, down 79% this year, as the company has struggled to cut costs and drive earnings