Page 1712 - Company News
Jet Airways asks 60% staff to go on leave without pay for 3 months
This news comes after Jet Airways's revival plan hit another roadblock on November 18, after the new owner Jalan-Kalrock told the NCLAT of its inability to pay additional money
 "Jet Airways asks 60% staff to go on leave without pay for 3 months")
Amid mass layoffs by Musk at Twitter, Koo offers to hire affected employees
Koo co-founder Mayank Bidawatka, in a tweet on Friday, offered to hire some of the Twitter ex-employees
 "Amid mass layoffs by Musk at Twitter, Koo offers to hire affected employees")
Carefully evaluate open offer: NDTV independent directors to shareholders
Last month, the Adani group had written to Sebi, re-affirming its commitment to complete the open offer process for additional shares in NDTV
 "Carefully evaluate open offer: NDTV independent directors to shareholders")
Akasa Air to launch services on Visakhapatnam-Bengaluru route from Dec 10
The city-based airline recently announced connecting Pune and Bengaluru with double daily flights from November 26 and a third frequency on the route from December 10
 "Akasa Air to launch services on Visakhapatnam-Bengaluru route from Dec 10")
Gautam Adani has no plans to set up family office overseas to manage wealth
Adani has a net worth of $135 billion
 "Gautam Adani has no plans to set up family office overseas to manage wealth")
HCL to ramp up Malanjkhand production, sets Rs 350-cr capex target for FY23
The other copper mines are Khetri Copper Complex in Rajasthan, Indian Copper Complex at Ghatsila, Jharkhand, Taloja Copper Project in Maharashtra and Gujarat Copper Project
 "HCL to ramp up Malanjkhand production, sets Rs 350-cr capex target for FY23")
Jet Airways consortium may take difficult decisions to manage cashflows
It did not elaborate on the decisions that could be taken to manage the cashflows
 "Jet Airways consortium may take difficult decisions to manage cashflows")
Reliance Jio announces rollout of 'True 5G' service in Delhi, NCR cities
Company's welcome offer will give users unlimited data at up to 1Gbps speeds
 "Reliance Jio announces rollout of 'True 5G' service in Delhi, NCR cities")
Indonesian Internet firm GoTo lays off 12% of its workforce to reduce costs
According to TechCrunch, GoTo joins scores of local and global peers in its decision to cut the workforce to navigate the economic slowdown and rising interest rates
 "Indonesian Internet firm GoTo lays off 12% of its workforce to reduce costs")
Bajaj Healthcare completes USFDA pre-approval inspection of Vadodara plant
Pre-approval inspection of USFDA has completed successfully with zero Form 483 observations of manufacturing facility, said the company, which is a manufacturer of APIs, intermediates and formulations
 "Bajaj Healthcare completes USFDA pre-approval inspection of Vadodara plant")
India's online sales up 25% at Rs 76,000 cr in festive month: Report
According to Bengaluru-based Redseer Strategy Consultants, the tier 2 and above cities drove this growth and contributed 57 per cent of festive GMV (gross merchandise value).
 "India's online sales up 25% at Rs 76,000 cr in festive month: Report")
Maruti Suzuki expects to end current fiscal with 3,700 sales outlets
Maruti Suzuki India expects its sales network to touch the 3,700-mark by the end of this fiscal amid a push to ramp up production capacity at its Manesar-based plant by 100k units to cater to demand
 "Maruti Suzuki expects to end current fiscal with 3,700 sales outlets")
India, EU regulators standoff over clearing houses to affect BNP to HSBC
Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties
 "India, EU regulators standoff over clearing houses to affect BNP to HSBC")
Reliance Jio rolls out 'True 5G' network service in Delhi-NCR
Jio has developed its 5G network on the standalone technology which has zero dependency to its existing 4G network
 "Reliance Jio rolls out 'True 5G' network service in Delhi-NCR")
Adani planning to open family office in Dubai or New York to manage wealth
Adani family is currently talking to consultants and tax experts about the plans; location of the office is still in flux, and may change based on the advice they receive and availability of resources
 "Adani planning to open family office in Dubai or New York to manage wealth")
Qualcomm doubles down on 5G access with Jio to connect 100 mn Indian homes
Qualcomm is working very closely with Reliance Jio to provide its chipset platforms for the 5G fixed wireless access and the Open RAN 5G network.
 "Qualcomm doubles down on 5G access with Jio to connect 100 mn Indian homes")
Top headlines: Tata plans to scrap Vistara, Amazon layoff to extend to 2023
Business Standard brings you the top headlines at this hour
 "Top headlines: Tata plans to scrap Vistara, Amazon layoff to extend to 2023")
Blackstone to acquire majority stake in R Systems for Rs 2,904 crore
Blackstone is buying the promoters' stake for Rs 245 per share, a premium of 3.9 per cent on the current price of Rs 235.8 per share. The promoters will get around Rs 1,496.95 crore
 "Blackstone to acquire majority stake in R Systems for Rs 2,904 crore")
Kirloskar Brothers calls EGM on Dec 8; to vote on forensic audit
Shareholders to discuss legal fees paid by company as dispute in promoter family continues
 "Kirloskar Brothers calls EGM on Dec 8; to vote on forensic audit")
Year-end fares go through the roof as airlines fly on low capacity
More than 75 planes are grounded; Goa to see 11% fewer flights in December
 "Year-end fares go through the roof as airlines fly on low capacity")