Page 1513 - Company News
PhonePe reaches $1 trn annualised payment value run rate, gets licence
Digital payments platform PhonePe has achieved an annualised total payment value run rate of $1 trillion, or Rs 84 trillion, mainly on account of its lead in UPI transactions, the company said
 "PhonePe reaches $1 trn annualised payment value run rate, gets licence")
Tech Mahindra names former Infosys President Mohit Joshi as MD and CEO
The board of directors has approved the appointment for a period of five years with effect from December 20, 2023 to December 19, 2028 (both days inclusive)
 "Tech Mahindra names former Infosys President Mohit Joshi as MD and CEO")
Nostalgia, bottled and brought back: Reliance rolls out the Campa crates
While Reliance hopes the gamble on the brand's popularity in the 1970s will pay off, experts feel it may not connect with the millennials, who are the major consumers of aerated drinks today
 "Nostalgia, bottled and brought back: Reliance rolls out the Campa crates")
MSCI ESG Research flags governance risks at Adani Group, changes assessment
"On March 3, we downgraded our assessment of the Hindenburg-related controversy cases to 'moderate' from 'minor' following new developments in the relevant cases
 "MSCI ESG Research flags governance risks at Adani Group, changes assessment")
Dish TV appoints director, sends 4 names for govt nod to strengthen board
This is the first appointment after March 3, when the shareholders of Dish TV rejected special resolutions seeking their approval for the appointment of four new independent directors
 "Dish TV appoints director, sends 4 names for govt nod to strengthen board")
A Jio moment in cola war? Reliance ups the ante with iconic brand Campa
Brand to be launched across the country, beginning with Andhra Pradesh and Telangana
 "A Jio moment in cola war? Reliance ups the ante with iconic brand Campa")
Adani group seeks to sell stake in Ambuja Cements for $450 million
Adani on Thursday made a formal request to international lenders to sell 4 per cent to 5 per cent in Ambuja Cements, his cement business, the report said
 "Adani group seeks to sell stake in Ambuja Cements for $450 million")
Rohit Jawa to take over Hindustan Unilever's reins from Sanjiv Mehta
Appointment as MD & CEO to take effect on June 27
 "Rohit Jawa to take over Hindustan Unilever's reins from Sanjiv Mehta")
Ashok Leyland unveils all-women production line at Tamil Nadu plant
Heavy commercial vehicle maker Ashok Leyland has unveiled a new production line that would produce engines at its manufacturing facility in Hosur completely operated by women employees
 "Ashok Leyland unveils all-women production line at Tamil Nadu plant")
Uber, Ola act on SC directive, apply for aggregator licence in Maharashtra
Though Ola did not respond to PTI's queries regarding the application, an Uber spokesperson confirmed submission at the RTO
 "Uber, Ola act on SC directive, apply for aggregator licence in Maharashtra")
Deloitte hires nearly 50,000 professionals in 3 years, doubles workforce
Deloitte in India has hired close to 50,000 professionals over the last three years, nearly doubling the headcount as it invests in people and productive capacity in the country, the audit firm said
 "Deloitte hires nearly 50,000 professionals in 3 years, doubles workforce")
Max Estates to invest Rs 3,400 cr to develop 4 projects in Noida, Gurugram
Max Group's realty firm Max Estates will invest around Rs 3,400 crore over the next five years to develop two housing and two commercial projects in Noida and Gurugram as part of its expansion plan.
 "Max Estates to invest Rs 3,400 cr to develop 4 projects in Noida, Gurugram")
Miles to go before I sleep, says Sanjeev Mehta after 31 years at Unilever
Dwells on the MNC's milestone achievements across the globe as he hands over the mantle of MD & CEO to Rohit Jawa
 "Miles to go before I sleep, says Sanjeev Mehta after 31 years at Unilever")
Moderna to hire around 2,000 employees amid mRNA development push
The firm had about 3,900 full-time employees as of Dec. 31, according to a regulatory filing
 "Moderna to hire around 2,000 employees amid mRNA development push")
Ford Motor Co to cut 1,100 jobs in Spain after other European layoffs
The cuts were mainly due to the already announced discontinuing production of the S-Max and Galaxy models in April 2023, Ford Spain said in an email
 "Ford Motor Co to cut 1,100 jobs in Spain after other European layoffs")
Boeing, GMR Aero Technic to set up India's first freighter conversion line
GMR group's facility in Hyderabad will become the fourth Boeing-approved facility globally after China, Costa Rica, and the United Kingdom
 "Boeing, GMR Aero Technic to set up India's first freighter conversion line")
Margin pressure for consumer electrical companies to continue in Q4
Volumes key as costs rise and firms refrain from hiking prices of products
 "Margin pressure for consumer electrical companies to continue in Q4")
Moody's lowers Vedanta Resources' rating, flags rising refinancing risks
Rating agency maintains negative outlook on firm
 "Moody's lowers Vedanta Resources' rating, flags rising refinancing risks")
Explained: Why Taiwanese giant Foxconn is clearly bullish about India
In its meetings with senior central government officials in New Delhi, Foxconn clearly laid out its ambitions for India
 "Explained: Why Taiwanese giant Foxconn is clearly bullish about India")
Second commercial project in Chennai almost complete, says realty major DLF
A wellness centre comprising gymnasium among others which was not planned earlier was also introduced later at its commercial projects to meet the clients' demand, she said
 "Second commercial project in Chennai almost complete, says realty major DLF")