Page 1416 - Company News
Microsoft freezes salaries of full-time workers due to economic uncertainty
The company will, however, consider raising rates for hourly workers while maintaining a bonus and stock award program without "overfunding" it, Nadella said without elaborating
 "Microsoft freezes salaries of full-time workers due to economic uncertainty")
Vodafone Idea expected to come up with revival plan within a month: Report
In an interview, telecom secretary K Rajaraman said that the return of Kumar Mangalam Birla, chairman of Aditya Birla group, to the board of the ailing telco is a 'positive step'
 "Vodafone Idea expected to come up with revival plan within a month: Report")
Go First likely to resume flights on May 24 with fewer aircraft: Report
Go First has also reportedly discussed the plans to resume flights with the Centre
 "Go First likely to resume flights on May 24 with fewer aircraft: Report")
Adani Enterprises to consider stock sale months after short-seller turmoil
Adani Enterprises Ltd., the Indian tycoon's flagship, said in a statement on Wednesday it's holding a May 13 board meeting to consider selling stock
 "Adani Enterprises to consider stock sale months after short-seller turmoil")
Indian firms invested $6.6 bn in Canada creating thousands of jobs: Report
Indian companies have invested more than CAD 6.6 billion in Canada creating tens and thousands of jobs in the country, with all of them planning to invest more in the future
 "Indian firms invested $6.6 bn in Canada creating thousands of jobs: Report")
Microsoft to skip salary hikes for full-time employees this year: Report
CEO Satya Nadella cited economic conditions and an investment in artificial intelligence as he informed employees about the change
 "Microsoft to skip salary hikes for full-time employees this year: Report")
Adani Enterprises to hold board meeting to approve proposal to raise funds
Adani Enterprises Ltd said on Wednesday that the company's board will hold a meeting on May 13 to approve a proposal to raise funds
 "Adani Enterprises to hold board meeting to approve proposal to raise funds")
US investor Vanguard marks down Ola's valuation by 35% to $4.8 billion
Vanguard reportedly has about 0.7 per cent stake in the ride-hailing firm
 "US investor Vanguard marks down Ola's valuation by 35% to $4.8 billion")
Might move to NCLT against Go First if dues worth Rs 900 cr not paid: TAAI
TAAI said it will consider moving the NCLT against Go First in case the airline does not provide a viable solution to clear its dues estimated to be worth around Rs 900 crore
 "Might move to NCLT against Go First if dues worth Rs 900 cr not paid: TAAI")
State-owned Coal India expects to conclude wage agreement within a month
State-owned Coal India Ltd (CIL) on Wednesday said it is expecting to conclude the wage agreement (NCWA-XI) within a month, which would benefit its 2.38 lakh strong non-executive workers
 "State-owned Coal India expects to conclude wage agreement within a month")
myTVS parts division on expansion spree, to add one store a day in FY24
Under Ki Mobility, two brands are functioning at present, which includes myTVS for the automobile service business and myTVS Partsmart for the parts business
 "myTVS parts division on expansion spree, to add one store a day in FY24")
Govt promises probe in alleged breach of privacy involving WhatsApp
This is in response to a Twitter engineer's claim that WhatsApp accessed the microphone of his smartphone when it was not in use
 "Govt promises probe in alleged breach of privacy involving WhatsApp")
AM Naik to step down as L&T's non-executive chairman, 'SNS' to take over
AMN, as he is popularly known, is credited with saving the company from corporate raiders in the 1990s including the Ambanis and the Birlas
 "AM Naik to step down as L&T's non-executive chairman, 'SNS' to take over")
Department store chain Lifestyle plans to open 50 stores in next 3-4 years
Lifestyle International includes four brands -Lifestyle, Home Centre, Easy Buy and Max
 "Department store chain Lifestyle plans to open 50 stores in next 3-4 years")
ED searches Deloitte, BSR offices in IL&FS money laundering probe
According to ED, statutory audit of IFIN has been made by Deloitte Haskins & Sells LLP between FY09 and FY18 and by BSR & Associates for FY18
 "ED searches Deloitte, BSR offices in IL&FS money laundering probe")
Sanofi consumer brands get a shot in the arm on demerger decision
Sanofi Consumer Healthcare India is expected to be listed on both the BSE and NSE, the company said in an exchange notification
 "Sanofi consumer brands get a shot in the arm on demerger decision")
After life in unicorn-decacorn club, start-ups stare at down rounds
This year, start-ups have collectively raised around $4.1 billion so far
 "After life in unicorn-decacorn club, start-ups stare at down rounds")
Larsen & Toubro reports 10% surge in Q4 net profit to Rs 3,987 crore
The company reported a 10 per cent year-on-year rise in revenues of Rs 58,335 crore
 "Larsen & Toubro reports 10% surge in Q4 net profit to Rs 3,987 crore")
TransIndia Realty & Logistics Parks to sell crane biz for Rs 121 crore
TransIndia Realty & Logistics Parks on Wednesday announced that it has signed a pact with Premier Heavy Lift Pvt Ltd for selling its crane business to the latter for Rs 121 crore
 "TransIndia Realty & Logistics Parks to sell crane biz for Rs 121 crore")
Dr Reddy's Laboratories Q4 PAT grows nine-fold riding on US, India biz
For the full year 2022-23, DRL's revenues were up 15 percent to Rs 24,587.9 crore while the PAT grew by 91 percent to Rs 4,506.7 crore
 "Dr Reddy's Laboratories Q4 PAT grows nine-fold riding on US, India biz")