Page 1629 - Company News

TCS announces 100% variable pay for 70% of its employees for third quarter

TCS announced 100 per cent variable pay for its grade C2 employees, and the remaining 30 per cent or senior employees will get variable pay in line with their business performance

A matter of governance: When independent directors call it quits midway

Most independent directors who quit do not explain why they are leaving before the end of their terms

CCI's 10 antitrust directives on Android that have spooked Google

Google licenses the system to smartphone makers, but critics say its restrictions are anti-competitive

Steady and cautious: What India's conglomerates are doing for capex push

Companies are reluctant to invest in new factories and plants when existing capacity is not fully utilised

India's physical rehab market likely to touch $35 billion by FY2028

As per Redseer estimates, 35-40 per cent of the physical rehab spend in India is concentrated in the top 10 cities

Global PC demand down amid recession fears, steepest decline since mid-90s

For the entire year, PC shipments reached 286.2 million units in 2022, a 16.2 per cent decrease from 2021

Amazon gets Pune labour commissioner notice after complaint about layoffs

Ecommerce giant recently announced it would lay off 18% of its workforce globally

Reviewing govt's show cause notice on tax evasion, says Samsung India

DRI sent Samsung India a show cause notice, accusing it of skirting import taxes by misclassifying networking devices called remote radio heads to avail undue exemption of basic customs duty

Paytm to be key beneficiary of govt's UPI incentive scheme: Morgan Stanley

The Union Cabinet on Wednesday approved the incentive scheme of Rs 26 billion for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for FY23

Maruti Suzuki launches 5-door, 4-wheel drive Jimny at Auto Expo 2023

The company aims to regain 50 per cent market share in the domestic passenger vehicle segment by bolstering its presence in the sports utility vehicle (SUV) space

B2B wholesale platform ApnaKlub raises $16 mn in Series A funding round

The funds will be used to enhance a digital platform for kirana store owners and wholesalers in tier-2 and tier-3 cities to purchase goods and service

China saw the steepest fall in funding activity among global peers in 2022

India saw the second-highest fall in funding activity, down 33 per cent in 2022 from 2021, says Tracxn

DoT may approach LawMin for clarity on spectrum allocation to entities

The DoT will likely enquire on whether the spectrum is to be given administratively or through auction.

NCLAT refuses to stay CCI's order of Rs 936 crore penalty on Google

The Appellate Tribunal will hear the matter on April 17

DRI issues show cause notice against Samsung India for tax evasion: Report

The agency has asked the company on why it should not impose penalty against the management

AI urination case: Delhi court denies bail to offender Shankar Mishra

A Delhi court on Wednesday denied bail to Shankar Mishra, accused of urinating on an elderly woman co-passenger on an Air India flight

Greaves Mobility to start a new focus on over Rs 1 lakh electric scooters

With its new premium Primus and Ampere NXG, it is targeting buyers seeking a faster and more stylish ride

Auto Expo 2023: Ashok Leyland to expand scope of its connected network

Through the telematics-driven connected network, the company helps vehicles on the ground in predicting problems along with quick support in case of breakdowns to AI-based customer solutions

Cummins India to start production of fuel-agnostic engines this year

Firm says it will start with LNG-hydrogen platform; India to be a sourcing hub

Adani Group to invest Rs 60,000 crore in MP over the next few years

Adani Group plans to set up mega food parks and six multi-modal logistics parks in Dhar, Guna, Damoh, Ujjain and two in Indore