Page 1395 - Company News

Foxconn lines up Rs 4,110 cr for new Hyderabad plant, 25,000 jobs likely

The factory's construction will be finished in nine months, and operations will start within a year

Shapoorji Pallonji Group taps private credit market to raise $1.6 bn

The group has been seeking ways to free up cash as rising interest rates bite

Vedanta-Foxconn JV set to get govt approval for its chip-making plant

VFSL is a joint venture between India's Vedanta Group and Taiwan's Hon Hai Precision Industry (Foxconn). The two have 63 and 37 per cent stake in the company, respectively

BSNL targets to increase market share by double in three years: BSNL CMD

The Chairman and Managing Director of the Bharat Sanchar Nigam Limited (BSNL) Pravin Kumar Purwar has said that the BSNL has set up a target to reach 15 per cent to 20 per cent of market share

Apple to not make iPads, Mac PCs but may manufacture AirPods in India

This comes amid reports that the Cupertino-based tech giant may soon start producing all its major products in India

Foreign VC investors cut telecom allocations by 97% since 2018-19

Overall investment across sectors remains higher in 2022-23 than before

Shopping from Amazon may get costlier as platform hikes seller commission

The move comes as the platform, like other tech companies, seeks to conserve cash and expand revenue channels in the midst of a global slowdown

Dumping other banks, Warren Buffett recommits to Bank of America stocks

Investor Warren Buffett recommitted to his favourite bank stock, Bank of America

Go First backs emergency arbitration in dispute with Pratt & Whitney

The airline argued that the US firm supplied "faulty" engines and failed to replace them on time, resulting in the grounding of half of its fleet

Amazon implements India layoffs to reduce workforce globally: Report

The downsizing round is part of the layoffs announcement made in March by Amazon CEO Andy Jassy, which was expected to impact 9,000 employees

Suryoday Small Finance Bank posts profit of Rs 39 cr for Jan-Mar

Interest income also increased to Rs 329 crore from Rs 237 crore in the same period a year ago

IT major Infosys rewards employees with equity shares under 2 schemes

Under the 2015 Stock Incentive Compensation Plan, 104,335 equity shares were allotted and 407,527 shares were allotted under the Infosys Expanded Stock Ownership Program 2019

UGRO Capital net profit rises two-fold at Rs 14 cr in March quarter

Its total income for Q4FY23 jumped 92 per cent to 217.2 crore in the fourth quarter of FY23 compared to the year-ago quarter

Qualcomm working with OEMs to cut 5G smartphone cost to sub-Rs 8,000

It's the only way to boost sales of mid and entry level phones - the main volume drivers

Dish TV Institutional shareholders call for EGM, seek to remove 2 directors

The notice said the Board is acting at the behest of certain minority shareholders holding merely 4 percent stake in the company

NCLAT allows withdrawal of CIRP for McLeod Russel India, says IRP

Sources close to the development indicated that the settlement between McLeod promoters and IL&FS included a combination of payment of an amount and land

FMCG companies chase volume growth, slice prices, bump up grammage

For the past two years, these companies were forced to increase prices and cut grammage as raw material costs rose significantly

Some of our best firms globally were created in downturns: Sequoia India MD

RISC-V is a set of instructions that defines how a particular software interacts with a chipset

Cognizant's new platform offers responsible AI for enterprise customers

Platform has a library of reusable generative AI models and agents, development tooling, and control components including API and access management, versioning, and auditing

Amazon's venture fund leads Rs 110 crore in Indian innerwear maker XYXX

XYXX, a leading men's premium innerwear and lifestyle brand would use the funding to expand its business