Page 1618 - Company News
Look at the kind of authority you wield in terms of dominance: SC to Google
Singhvi further argued that in Korea, there is a different user and pressed that Google is there due to excellence and not due to dominance
 "Look at the kind of authority you wield in terms of dominance: SC to Google")
Amazon shuts its charity donation program 'AmazonSmile' as it fails purpose
Amazon on Thursday announced that it will shut down its charity donation programme, "AmazonSmile", as it failed to create the impact the company hoped for
 "Amazon shuts its charity donation program 'AmazonSmile' as it fails purpose")
Sebi probes investments between Nippon Mutual Fund, YES Bank: Report
As of December 2022, Nippon India was the seventh-largest mutual fund in India with assets under management of 2.9 trillion rupees ($35.46 billion) as well as the biggest foreign-owned mutual fund
 "Sebi probes investments between Nippon Mutual Fund, YES Bank: Report")
Havells India Q3 net dips 7.3% to Rs 283.52 cr on higher raw material costs
The cost of raw materials and components consumed stood at Rs 2,321.99 crore compared to Rs 2,089.59 crore in the year-ago period, the company said
 "Havells India Q3 net dips 7.3% to Rs 283.52 cr on higher raw material costs")
Fintech startups in India raise $5.65 bn in 2022, 47% drop from 2021
Fintech startups in India raised $5.65 billion in 390 rounds last year, a massive drop of 47% in terms of funding amount and 29% in the number of rounds when compared with 2021
 "Fintech startups in India raise $5.65 bn in 2022, 47% drop from 2021")
New brew: Tata group's Amalgamated Plantations to enter tea tourism
'Any additional revenue stream welcome,' says the company that has estates in several states
 "New brew: Tata group's Amalgamated Plantations to enter tea tourism")
Vedanta's Cairn Oil & Gas announces appointment of Nick Walker as new CEO
Walker comes into Cairn Oil & Gas after Prachur Sah quit the firm to join Indus Towers Ltd as managing director and CEO effective January 3, 2023
 "Vedanta's Cairn Oil & Gas announces appointment of Nick Walker as new CEO")
CMAI inks pact with AREAS for exchange of knowledge on policy, innovation
The MoU aims to work towards a common goal of strengthening the country's journey towards becoming a carbon-neutral economy and aid in the development of the Indian carbon market
 "CMAI inks pact with AREAS for exchange of knowledge on policy, innovation")
Swiggy planning fresh layoffs; may cut 8-10% from 6000-strong workforce
The plan for layoffs comes at a time when Swiggy is aspiring to turn operationally profitable before its IPO
 "Swiggy planning fresh layoffs; may cut 8-10% from 6000-strong workforce")
Amazon faces over $60K penalty for unsafe warehouse work conditions
US regulators have found that three Amazon warehouse facilities exposed workers to "ergonomic hazards", including putting them at high risk for lower back injuries and other musculoskeletal disorders
Email marketing leader Mailchimp hacked, customers' data compromised
Email marketing leader Mailchimp has admitted it was hacked and at least 133 customers' data was exposed
 "Email marketing leader Mailchimp hacked, customers' data compromised")
JSW Energy arm bags two battery energy storage system projects from SECI
Energy storage system of 500 MW/1,000 MW means 500 MW of battery energy can provide power backup for two hours, giving total output of 1,000 MW
Amazon begins new round of job cuts, lays off over 18,000 people: Report
Amazon has started notifying its employees affected by its new round of layoffs, as a part of its plan to reduce its headcount by around 18,000 people, the media reported
GoMechanic cooked the books, say investors as 70% staff is laid off
According to people in the know, investors may now ask GoMechanic founders to take leave of absence
 "GoMechanic cooked the books, say investors as 70% staff is laid off")
LTTS: Recent acquisition of SWC overhang dents investor sentiment
Near-term growth concerns, too, weighed on the stock
 "LTTS: Recent acquisition of SWC overhang dents investor sentiment")
IPO-bound OYO to refile DRHP with updates to Sebi by mid-February
Market regulator asked hospitality company to submit application again, give information on risk factors and litigation
 "IPO-bound OYO to refile DRHP with updates to Sebi by mid-February")
In boost to Apple, India gives initial clearance to some Chinese suppliers
About 14 suppliers are receiving green light from India, after Apple named them as companies whose services it needs to increase its presence in India
 "In boost to Apple, India gives initial clearance to some Chinese suppliers")
World looking at us: CCI to SC in Google case; next hearing tomorrow
The CCI said that the issue at hand was of "national importance" and that Google be not given "two innings" at the NCLAT
 "World looking at us: CCI to SC in Google case; next hearing tomorrow")
Price war comes to EVs as Tata makes Nexon cheaper after M&M's new launch
Tata says the move was taken after the company received benefits from additional locations, government initiatives, and production efficiency
 "Price war comes to EVs as Tata makes Nexon cheaper after M&M's new launch")
Voting for IBC resolution of twin Srei companies to begin on Thursday
Srei has received three compliant resolution plans, which will be voted on by lenders and debenture holders
 "Voting for IBC resolution of twin Srei companies to begin on Thursday")