Page 1457 - Company News
Lenovo begins laying off employees as PC business takes a beating: Report
According to a report in CRN, the job cuts at Levono are "part of a roughly $115 million cost-cutting plan"
 "Lenovo begins laying off employees as PC business takes a beating: Report")
The runway for mortgage finance in the country is immense: Deepak Parekh
"Urbanisation in India is an irreversible trend. Currently 32 per cent of the population reside in cities and this is expected to be 40 per cent by 2030," Parekh said
 "The runway for mortgage finance in the country is immense: Deepak Parekh")
We aim to localise 70% raw materials by 2023 end: Boult Audio CEO
With roughly 2 million verified customer evaluations across Amazon and Flipkart, Boult Audio has paved the way to become a trusted brand among Indian consumers
 "We aim to localise 70% raw materials by 2023 end: Boult Audio CEO")
IGGL completes Asia's largest underwater hydrocarbon pipeline: CEO
The total length of the pipeline in this single HDD crossing is 4,080 metre across the main water channel of Brahmaputra river
 "IGGL completes Asia's largest underwater hydrocarbon pipeline: CEO")
GST not applicable on transfer of Jaipur Int'l airport biz to Adani group
Transfer of business as a going concern, as a whole, or independent part thereof, is considered as service under GST law and such supplies are exempt from goods and services tax
 "GST not applicable on transfer of Jaipur Int'l airport biz to Adani group")
Air India pilot body calls revised terms, conditions of service 'illegal'
The legal notice stated that the members of the association were astonished to receive emails addressed to them individually by the 'Air India HR Team' on April 16 and 17
 "Air India pilot body calls revised terms, conditions of service 'illegal'")
Rahul to Kohli: Celebs see red after Twitter accounts lose blue tick
Accounts of top Indian brands including HDFC Bank, Maruti Suzuki, Axis Bank, TVS, Swiggy, and PhonePe remained without a verification tag till the time of going to press on Friday
 "Rahul to Kohli: Celebs see red after Twitter accounts lose blue tick")
Airlines must get new altimeters to ensure no interference from 5G: Telcos
At present the replacements are being undertaken on a first-come-first-served basis
 "Airlines must get new altimeters to ensure no interference from 5G: Telcos")
RIL net profit rises 19% to Rs 19,299 crore in Q4 to highest ever
Lower raw material costs and decline in tax expenses boost earnings
 "RIL net profit rises 19% to Rs 19,299 crore in Q4 to highest ever")
CCI gives nod to Blackstone-Emerson Electric Co acquisition deal
The regulator has also approved the proposed investment by Stamford Bridge Investment Pte Ltd, an SPV of GIC (Ventures) and Platinum Falcon B 2018 RSC Ltd (Platinum), in BCP Emerald Aggregator LP
 "CCI gives nod to Blackstone-Emerson Electric Co acquisition deal")
Meesho's monthly active users count about 55% of Amazon, Flipkart: Report
Meesho is India's third largest e-commerce retailer with CY22 GMV of $4.5 bn and 7 per cent market share, growing much faster than overall e-commerce market, according to the brokerage firm Jefferies.
 "Meesho's monthly active users count about 55% of Amazon, Flipkart: Report")
Log9 commissions country's first commercial Li-ion cell manufacturing line
The company launched the commercial Li-ion cell production facility at its campus in Jakkur, Bengaluru; the plant has an initial capacity of 50 MWh
 "Log9 commissions country's first commercial Li-ion cell manufacturing line")
Lyft plans job cuts, may hit 30% of employees as it struggles over profit
The Wall Street Journal earlier reported the cuts, adding that they could help Lyft slash 50% of its costs
 "Lyft plans job cuts, may hit 30% of employees as it struggles over profit")
India gets a taste of forbidden fruit as Apple forays into direct retail
This week, Apple forayed into direct retail in India as it opened its stores in Delhi and Mumbai
 "India gets a taste of forbidden fruit as Apple forays into direct retail")
Growing fertility treatment market set to see spike in M&A activity
M&A activity is set to increase in this space, feels industry, and more partnerships between organised players and mom-and-pop shops is in store
 "Growing fertility treatment market set to see spike in M&A activity")
User additions help Reliance Jio report 16% rise in Q4 net profit
5G coverage over 2,300 cities helped the firm clock an increase in ARPU
 "User additions help Reliance Jio report 16% rise in Q4 net profit")
Reliance Retail Q4 net profit up 13% to Rs 2,415 crore; finance cost jumps
Business recorded gross revenue of Rs 2.6 trn for FY23, growth of 30% over last yr
 "Reliance Retail Q4 net profit up 13% to Rs 2,415 crore; finance cost jumps")
Credit Suisse investors sue Swiss financial regulators after facing losses
The firm filed the complaint in Swiss federal court Wednesday on behalf of investors holding more than 4.5 billion Swiss francs (USD 5 billion) in the higher-risk bonds
 "Credit Suisse investors sue Swiss financial regulators after facing losses")
Karnataka HC upholds seizure of Rs 5,551 cr from Xiaomi for FEMA violation
Xiaomi had challenged the Competent Authority's order in the HC
 "Karnataka HC upholds seizure of Rs 5,551 cr from Xiaomi for FEMA violation")
To woo foreign investors, Tamil Nadu too clears bill allowing 12-hour work
Second state after Karnataka to take the decision; provision for 4-day work weeks
 "To woo foreign investors, Tamil Nadu too clears bill allowing 12-hour work")