Page 1619 - Company News

DGCA slaps Rs 30 lakh penalty on Air India for urination incident in flight

Aviation regulator DGCA has imposed a penalty of Rs 30 lakh on Air India as well as suspended the license of pilot-in-command of flight in which a person allegedly urinated on female co-passenger

Lay offs deepen at chip-maker Intel, 201 jobs to be cut by January 31

The company in December anticipated it would be reducing 90 jobs in Santa Clara

HDFC to raise at least Rs 3000 cr via bonds; may invite bids next week

India's Housing Development Finance Corp (HDFC) will return to bond market after a gap of two months, three merchant bankers said on Friday

Birla Group Holdings to raise funds through sale of commercial papers

The company will offer a yield of 7.85% for this issue for which it has received commitments worth around 2 billion rupees ($24.62 million) so far

Swiggy lays off 380 employees, CEO says 'very difficult decision': Report

CEO Sriharsha Majety said the growth rate has slowed down more than the company's projections

SaaS company Icertis lays off employees despite raising impressive funds

As last reported, Icertis had more than 2,400 employees globally

Reviewing SC decision, will cooperate with CCI on way forward: Google

The Supreme Court on Thursday declined to entertain a plea by Google challenging a NCLAT order, which refused to stay operation of the CCI order imposing Rs 1337.76 crore fine

Gautam Adani's discount share sale tries to woo public, silence critics

The share sale 'allows us to increase the participation of the Indian public. Every household of rural India can invest in it'

Unilever's India unit falls as royalty fee rise overshadows profit beat

Shares of Hindustan Unilever (HUL) fell as much as 4.3% on Friday, as a deal to pay its UK parent higher royalty fees took the shine off a bigger-than-expected rise in quarterly profit

Auditors of GoMechanic had raised several red flags in accounting: Report

The firm did not maintain inventory records for receipts and issuance of goods directly received by the customers

General Motors' employee union sues global CEO Mary Barra: Report

The company has failed to pay the 1,086 workers it laid off in 2017 while exiting the Indian market

Google vows to cooperate with India's CCI after decision on Android

Google said on Friday it will cooperate with India's antitrust authority after country's top court upheld an antitrust order forcing US firm to change how it markets its popular Android platform

Garuda Aerospace to unveil carbon-neutral drone at World Economic Forum

Garuda Aerospace will manufacture over 25,000 drones in the next 15 months and will revolutionize the agricultural sector

Air India's mega jet deal with Airbus, Boeing held up by engine-cost debate

Air India has spent months negotiating an order of about 400 narrowbody and 100 widebody jets that would allow the country's flag carrier to upgrade service and reliability

Google vs CCI: Indian firms see ray of hope as SC affirms NCLAT order

Indian internet firms have expressed optimism about finding clear space for their apps on Android devices as Google failed to find relief in the SC on an NCLAT and CCI order against the internet giant

Twitter's bird statue sells for $100,000 at auction, says report

Microblogging platform prices Blue for Android at $11 per month, launches annual web plan

Shares of Adani Enterprises decline after FPO pricing, down over 4%

Issuance of partly paid shares, however, will queer the pitch for arbitrage traders

We'll work with Indian organisations on online safety: Julie Inman Grant

Other countries are looking to set up institutions like the Australian one dedicated to protect people from digital harm, says Julie Inman Grant

Reversing Covid-era excesses: Big Tech braces for sackings, dismal profits

Large US technology firms expected to announce layoffs, cut costs through the next few months, say experts

Clients went overboard on equities in last two years, says Ashish Shanker

Don't get carried away by near-term point-to-point returns as it will often lead to losses, says the Motilal Oswal Private Wealth MD & CEO