Page 1545 - Company News
Challenges ease, cement companies may now go from strength to strength
Aided by volume growth, analysts see earnings improving in March quarter
 "Challenges ease, cement companies may now go from strength to strength")
OYO asks govt to probe FHRAI's 'illegally-run' executive committee
Claims committee's actions hurting small hotel owners; constant friction with organised players discouraging SMEs and entrepreneurs from moving ahead with the times and with technology
 "OYO asks govt to probe FHRAI's 'illegally-run' executive committee")
Nokia changes iconic logo for 1st time in 60 years, signals new strategy
The iconic blue color of the old logo has been dropped for a range of colours depending on the use
 "Nokia changes iconic logo for 1st time in 60 years, signals new strategy")
Half of Myntra's beauty product orders now come from Tier-2 and 3 cities
The Walmart-owned fashion retailer is scaling up its operations to tap the BPC market, which is expected to grow $38 billion by 2028
 "Half of Myntra's beauty product orders now come from Tier-2 and 3 cities")
New platforms less compliant on mandatory display of details online: survey
Findings of the LocalCircles study escalated to Dept of Legal Metrology for further review and corrective action
 "New platforms less compliant on mandatory display of details online: survey")
Google layoffs have nothing to do with performance: Sacked Indian employee
Even as tech giant Google continues to cut down staff, a sacked Indian employee stated that the layoffs are not based on performance
 "Google layoffs have nothing to do with performance: Sacked Indian employee")
More value to be discovered, NCLT has usurped powers of CoC: Reliance
The lenders of Reliance Capital have submitted before the National Company Law Appellate Tribunal (NCLAT) that the Committee of Creditors (CoC) of the corporate debtor Reliance Capital Ltd
 "More value to be discovered, NCLT has usurped powers of CoC: Reliance")
Titan to more than double Zoya luxury store counts, top-line by FY27
Zoya, the luxury jewellery brand from the house of Titan, is looking to more than double its revenue as well as the store count
 "Titan to more than double Zoya luxury store counts, top-line by FY27")
India's Enron Moment? Gautam Adani slips to No 30 among the top rich
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group
 "India's Enron Moment? Gautam Adani slips to No 30 among the top rich")
OYO urges govt to probe into functioning of hotel association's committee
The representation by OYO alleges that FHRAI's actions are detrimental to small hotel owners
 "OYO urges govt to probe into functioning of hotel association's committee")
No plans to launch REIT public offer in next 12 months, says DLF CEO
DLF's top management has been maintaining that the timing for REIT will be decided by the two joint venture partners
 "No plans to launch REIT public offer in next 12 months, says DLF CEO")
IOC to set up green hydrogen plants at all refineries; lines up Rs 2 trn
Oil will continue to be a mainstay fuel for the next few years but we are preparing for transition which will involve a combination of green hydrogen, biofuels, EVs and alternate fuels, IOC chief said
 "IOC to set up green hydrogen plants at all refineries; lines up Rs 2 trn")
Indian Energy Exchange to launch High Price Day Ahead Market segment
We expect to launch the segment by the mid of March 2023," Rohit Bajaj, Head-Business Development, Regulatory Affairs and Strategy, IEX, said
 "Indian Energy Exchange to launch High Price Day Ahead Market segment")
Mahindra Lifespace aims for Rs 500 cr revenue in industrial segment by 2025
In the residential segment, the company has set a target of increasing the annual sales of Rs 2,500 crore by 2025, from around Rs 1,000 crore last financial year
 "Mahindra Lifespace aims for Rs 500 cr revenue in industrial segment by 2025")
AI vs humans: Some companies begin replacing employees with ChatGPT
Companies that use ChatGPT said they saved money using the AI tool, with 48 per cent saved over $50,000 and 11 per cent saved over $100,000, according to a report in Fortune
 "AI vs humans: Some companies begin replacing employees with ChatGPT")
SC notice to CBI on Piramal Capital & Housing Finance plea to quash FIR
The PCHF contended that it cannot be saddled with the offences allegedly committed by the previous management prior to the initiation of the insolvency proceedings
 "SC notice to CBI on Piramal Capital & Housing Finance plea to quash FIR")
Top headlines: Modi, Scholz discuss ties; Ant Group to pare stake in Paytm
Business Standard brings you the top headlines at this hour
 "Top headlines: Modi, Scholz discuss ties; Ant Group to pare stake in Paytm")
Mahindra Racing withdraws from Formula E due to rear suspension concerns
Customer team ABT CUPRA, which also runs the M9Electro, have also withdrawn from the weekend
 "Mahindra Racing withdraws from Formula E due to rear suspension concerns")
Non-white car sales see marginal rise, but white still top choice in India
Car sales black, grey, blue, red, green, and gold rose by a few percentage points in 2022
 "Non-white car sales see marginal rise, but white still top choice in India")
Murugappa Group's EV arm TI Clean Mobility to raise Rs 3,000 crore
TCM has already unveiled its passenger three-wheeler electric vehicle, the sales of which are expected to grow over the next few quarters
 "Murugappa Group's EV arm TI Clean Mobility to raise Rs 3,000 crore")