Page 1410 - Company News

Toyota apologises after 2.15 mn customers' data exposed for a decade

As connected cars become mainstream globally, Toyota has issued an apology after it discovered that millions of customers' partial data was made public due to misconfiguration of the Cloud environment

28-year-old billionaire Austin Russell acquires 82% stake in Forbes

Austin Russell, 28-year-old Chairman and CEO of automotive technology company Luminar Technologies, has acquired 82 per cent stake in Forbes Global Media Holdings, that published the Forbes magazine

Partial sale of companies won't be default under insolvency code: Report

The Ministry of Corporate Affairs proposed revisions to the IBC which would allow several resolution plans for different parts of an insolvent company to increase value realisation

Netflix to cut $300 mn in spending with delay in password sharing crackdown

Streaming giant Netflix is reportedly slashing its spending by $300 million this year, including related to hiring

Google co-founders see biggest gain since Feb 2021 as AI boost lifts stock

Google will start experimenting with a more conversational search engine and has made its AI-powered chatbot available more broadly, the Mountain View, California-based company said

Twitter's new CEO is an NBCUniversal executive with deep ad industry ties

Elon Musk confirmed that the new CEO for Twitter will be NBCUniversal's Linda Yaccarino, an executive with deep ties to the advertising industry

Kotak Mahindra Bank to be the biggest beneficiary of MSCI rejig

In a note, Nuvama Research. said that Kotak Mahindra Bank's weighting in the index has gone up by 135 basis points to 2.8 per cent

Apple in India has a big gap to bridge to match Samsung in Vietnam

The contrast in the depth of as­sociation between each global mo­bile device giant and the respective country of investment is even more palpable

Byju's closes Rs 2,000-crore debt funding from Davidson Kempner Capital

This is part of $1 billion funding in a mix of equity and structured instruments

Weekend bites: Falling valuations, Go First, Adani, and laughing apps

In which we munch over the week's platter of news and views

Concerned about aircraft lease rates if NCLT order stands: Boeing

About 20 per cent of commercial planes operating in India have been manufactured by Boeing

Great Eastern Shipping net profit jumps nearly four-fold to Rs 721.94 cr

Total expenses during January-March increased to Rs 853.22 crore as compared with Rs 791.85 crore in the year-ago quarter

CCI asks Google to share policies on data sharing, in-app billing

Move based on complaints that tech giant failed to comply with directive on third-party billing

DGCA fines Air India Rs 30 lakh, suspends pilot for three months

'We acknowledge and accept the DGCA's ruling', said Air India

Lessors seek status quo on aircraft, NCLAT to hear matter on Monday

This means that nobody would be able to touch the aircraft for any work until a final order is passed by the Tribunal. The next hearing is on Monday

Tata Motors reports net profit of Rs 5,408 crore in Q4, revenue surges 35%

The company board has recommended a final dividend of Rs 2 per ordinary share

Global PE major KKR sells RE InvIT Virescent to IndiGrid for Rs 4,000 cr

The transaction will involve IndiGrid taking over all of VRET's 16 project special purpose vehicles, and Virescent will get delisted and dissolved, said executives

Five major e-commerce firms delist around 13,118 items from platforms

A total of 13,118 items have been delisted by these companies, Amazon delisted 8,095 alarm clips, Flipkart delisted around 5,000 clips and 21 clips were delisted by Meesho

DLF Q4 net profit jumps 41% YoY to Rs 570 crore; revenue down by 5.9%

The retail business also exhibited strong demand momentum and continues to operate at high occupancy levels

Manappuram posts 58% jump in profit on healthy gold loan business

The company's interest income jumped 23% to 17.14 billion rupees, while expenses rose a comparatively smaller 8.3%