Page 1637 - Company News

LG Electronics December-quarter operating profit down 91.2% y-o-y

Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company

German tech firm SUSE expands footprint in India to support key markets

Founded 30 years ago in Germany, SUSE was the first company to bring enterprise Linux to the market

As crypto winter deepens, NFT marketplace SuperRare cuts 30% of workforce

SuperRare raised $9 million in its Series A funding in March 2021, led by Velvet Sea Ventures and 1confirmation

Cisco announces lays offs of nearly 700 employees in SF Bay Area in US

Networking giant Cisco has laid off nearly 700 positions in the Bay Area -- including 80 at its San Francisco offices.

Nasdaq-listed ODP Corporation selects HCLTech as primary IT partner

HCLTech will be ODP's IT partner for end-to-end IT operations and enterprise-wide digital transformation

AR smart lens developer Mojo Vision lays off 75% of its workforce

AR smart lens developer Mojo Vision has slashed 75 per cent of its workforce across a variety of departments and functions amid the deepening funding crunch

McDonald's CEO Chris Kempczinski says layoffs coming by April to cut costs

McDonald's CEO Chris Kempczinski has announced that layoffs are coming by April, as the global fast food chain aims to reduce costs and "free up resources to invest in growth"

Oil firms making Rs 10 a litre profit on petrol, Rs 6.5 loss on diesel

Oil companies are selling petrol at a profit of Rs 10 per litre but retail prices haven't been reduced as they recoup past losses and make up for a Rs 6.5 a litre loss on diesel, a report said.

Signature Global sells housing properties worth Rs 1,330 cr in Apr-Sep FY23

The IPO comprises a fresh issue of equity shares and an offer for sale (OFS)

Margin gains ahead for Godrej Consumer Products on strong sales

The quarterly update indicates strong sales momentum across geographies

NCLT admits insolvency plea filed against Future Supply Chain Solutions

Future group firm FSCSL in a regulatory filing said the Mumbai bench of NCLT has allowed the plea filed by DHL E-commerce (India) Pvt Ltd, claiming default

Drug firm Gland Pharma to fully acquire Europe-based Cenexi Group

The company, which employs 1,372 people, has experience in processing specific substances like hormones, suspensions and controlled substances

Asset under management likely to be around Rs 9 trillion in FY23: PFRDA

On the state government's demand for the accumulated corpus under NPS, he said the regulation under PFRDA does not allow it

Not even among top 10 in 2021, India was Skoda's 3rd largest market in 2022

Auto maker's India sales volume jumped by as much as 125% last year, says unit sales catching up with its native Czech Republic

Mercedes-Benz to drive 10 new models into India in 2023: MD & CEO

The company on Friday launched this year's first top-end vehicle: convertible AMG E53 Cabriolet 4MATIC+ that is priced at Rs 1.30 crore (ex-showroom) and can sprint up to 100 km/hour in 4.5 seconds

Telecom service providers against administrative allocation of 6G bands

6G adoption to eclipse 5G and lead to convergence of satcom and terrestrial networks

CoC won't accept revised Varde-Arena offer for two Srei companies

Financial lenders include State Bank of India, Punjab and Sind Bank, Axis Bank, HDFC Bank, Union Bank of India, IDBI Bank, UCO Bank, and Indian Overseas Bank

Govt yet to approve BIS certificates for 160 Chinese toy companies

The delay has been mainly due to the disruptions caused by the Covid-19 pandemic in China

Amazon India to lay off around 1,000 staff as part of mass retrenchment

The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions

Torrent group now offers Rs 8,640 crore upfront for Reliance Capital

Move comes after Hindujas' Rs 9,000-cr post-auction offer