Page 1609 - Company News
Google pauses green card applications from employees amid layoffs
Amid the layoffs come another bad news for employees, especially from India in the US, as Google has paused its Program Electronic Review Management (PERM) program
 "Google pauses green card applications from employees amid layoffs")
Hero Electric partners with Maxwell for battery management systems
Hero Electric CEO Sohinder Gill said the BMS solution from Maxwell will help the company provide safe and performance-oriented EVs to its customers
 "Hero Electric partners with Maxwell for battery management systems")
Sterlite Power bags orders worth Rs 3,800 crore from April to December
The orders were bagged by the solutions' business unit in the domestic and international markets during the first three quarters FY23
 "Sterlite Power bags orders worth Rs 3,800 crore from April to December")
Hero Electric looks to raise nearly Rs 2,000 crore to drive expansion
The company is not looking for mergers and acquisitions, but is open to having a strategic investor who can bring some technical expertise
 "Hero Electric looks to raise nearly Rs 2,000 crore to drive expansion")
Thousands of Indian IT professionals jobless, scrambling for options in US
Thousands of Indian IT professionals in the US, who have lost their jobs due to the series of recent layoffs at companies like Google, Microsoft and Amazon, are now struggling to find new employment
 "Thousands of Indian IT professionals jobless, scrambling for options in US")
Mahanadi Coalfields Ltd to set up Rs 12,000 cr power plant in Odisha
Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited, is looking to diversify into power generation, and plans to set up a Rs 12,000 crore power plant in Odisha
 "Mahanadi Coalfields Ltd to set up Rs 12,000 cr power plant in Odisha")
Deeptech battery startup Log9 raises $40 million, aims global footprint
Log9, backed by its recent series of investments, aims to solve the challenges around safety, reliability, and performance by investing further into cell and battery technologies
 "Deeptech battery startup Log9 raises $40 million, aims global footprint")
EaseMyTrip to establish offline retail stores through franchise model
Products and services that will be offered under the EaseMyTrip Franchise will include flight booking, group fares, hotels, holidays, IRCTC (rail booking), cabs, buses, cruises, charters, and visas
 "EaseMyTrip to establish offline retail stores through franchise model")
Spotify to start handing over pink slips as soon as this week: Report
In October, Spotify laid off 38 people from its Gimlet Media and Parcast podcast studios
 "Spotify to start handing over pink slips as soon as this week: Report")
Apple first company to export phones worth $1 bn in a month from India
Apple overtook Samsung to become the highest exporter from India
 "Apple first company to export phones worth $1 bn in a month from India")
BPCL plans to shut Bina refinery in June for a month for maintenance
The state-run refiner also plans to shut half of its 240,000 bpd Mumbai refinery in western India for three to four weeks in September-October for maintenance
 "BPCL plans to shut Bina refinery in June for a month for maintenance")
Zomato CEO Goyal says aware of fraud at delivery agents' end, fixing it
After an entrepreneur complained in a LinkedIn post that a Zomato delivery agent the company's Founder and CEO Deepinder Goyal said he is "aware" of this fraud and is "working to plug the loopholes"
 "Zomato CEO Goyal says aware of fraud at delivery agents' end, fixing it")
Mahanadi Coalfields expects 13% production rise to 190 mn tonnes in FY23
Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, aims to achieve approximately 190 million tonnes of dry fuel production in the current fiscal
 "Mahanadi Coalfields expects 13% production rise to 190 mn tonnes in FY23")
Railways looks to get up to Rs 2 trillion from freight operations in FY24
National transporter confident of meeting FY23 revenue target
 "Railways looks to get up to Rs 2 trillion from freight operations in FY24")
Govt support needed till EV penetration reaches desired level: Girish Wagh
There is also a case to consider the extension of the FAME II scheme, which will come to an end next year and include bigger electric buses to avail of subsidy
 "Govt support needed till EV penetration reaches desired level: Girish Wagh")
Retailers shrug off winter chill to see double-digit growth in yr-end sales
Footfalls have also witnessed an increase at both malls and retail outlets
 "Retailers shrug off winter chill to see double-digit growth in yr-end sales")
Global demand concerns likely to weigh on energy markets, says RIL
RIL's oil-to-chemicals (O2C) business, was mixed in terms of performance, reporting 10 per cent Y-o-Y growth in revenue in Q3, though there was a decline of 9.4 per cent sequentially
 "Global demand concerns likely to weigh on energy markets, says RIL")
AEL's strongest growth is ahead of us, says Gautam Adani on FPO
The FPO is targeted to create wealth for the retail shareholders, says Gautam Adani
 "AEL's strongest growth is ahead of us, says Gautam Adani on FPO")
Nod to Apple's Chinese suppliers may ring in jobs for Sriperumbudur
Among the 14 firms to have got initial go-ahead is Luxshare with a unit in the town near Chennai
 "Nod to Apple's Chinese suppliers may ring in jobs for Sriperumbudur")
Absence of immediate drivers puts Reliance Industries stock in back seat
While Q3 performance beat Street estimates, O2C is key to sustaining growth this year
 "Absence of immediate drivers puts Reliance Industries stock in back seat")