Page 1768 - Company News
More companies will have to focus on profitability in future: Nikhil Kamath
If interest rates continue at their current trajectory, the appetite will go down, impacting the consumption and the markets, co-founder of Zerodha and True Beacon said
 "More companies will have to focus on profitability in future: Nikhil Kamath")
Fan zones to influencers: ICC amplifies digital push at ICC T20 World Cup
For the first time, cricket's governing body has an AI-powered app, fan zones, social media influencers to promote the tournament
 "Fan zones to influencers: ICC amplifies digital push at ICC T20 World Cup")
SpiceJet to suspend services in Sikkim due to operational constraints
SpiceJet, the only carrier that runs daily flights to and from the greenfield airport in Sikkim's Pakyong, will suspend services in the hill state from October 30 due to "operational constraints".
 "SpiceJet to suspend services in Sikkim due to operational constraints")
Walmart-backed PhonePe in talks to raise funds at $12 bn valuation: Report
Indian digital payments firm PhonePe is in talks to raise funds in a round led by General Atlantic at a valuation of $12 billion
 "Walmart-backed PhonePe in talks to raise funds at $12 bn valuation: Report")
Infosys allows employees to take up gig work with managers' prior consent
Several IT companies including Tata Consultancy Services (TCS), HCLTech, IBM, and Wipro have opposed moonlighting, calling it an ethical issue as well as a breach of employee code
 "Infosys allows employees to take up gig work with managers' prior consent")
CCI slaps Rs 1,337.76 crore penalty on Google for unfair trade practices
The CCI in its press statement said that it found "Google to be dominant in all the above mentioned relevant markets"
 "CCI slaps Rs 1,337.76 crore penalty on Google for unfair trade practices")
Infosys allows employees to take up gig work with managers' prior consent
Analysts say the move may help the company to address some attrition challenges, since it allows employees to take up additional source of income, and chase their tech passion, albeit with firm riders
 "Infosys allows employees to take up gig work with managers' prior consent")
MoEF panel nod to RIL's Hazira manufacturing complex's Rs 10k cr expansion
The Expert Appraisal Committee under the environment ministry has recommended Environmental Clearance for the Rs 10,000 crore expansion and debottlenecking of RIL's Hazira Manufacturing Division (HMD)
 "MoEF panel nod to RIL's Hazira manufacturing complex's Rs 10k cr expansion")
Adani Transmission wins Rs 1,300-cr smart meter deal from Mumbai's BEST
Devices enable customers to online monitor their power consumption, says Adani about multi-year deal
 "Adani Transmission wins Rs 1,300-cr smart meter deal from Mumbai's BEST")
Shriram Transport Finance Q2 net profit rises 38% to Rs 1,067 crore
The operating profit for the second quarter of the current financial year was up by 24 per cent to Rs 2,131 crore compared to Rs 1,717 crore during the same period in 2021-22
 "Shriram Transport Finance Q2 net profit rises 38% to Rs 1,067 crore")
Wipro appoints Suzanne Dann as CEO for Americas 2 Strategic Market Unit
In her new role, Dann will focus on increasing bookings, large deal signings, and revenue in high-growth strategic areas.
 "Wipro appoints Suzanne Dann as CEO for Americas 2 Strategic Market Unit")
Users can now personalise ad experience with Google My Ad Center
Users will also have the ability to turn off ads personalization completely from easy-to-find controls on My Ad Center
 "Users can now personalise ad experience with Google My Ad Center")
Manoj Kohli parts ways with SoftBank India as country head, say sources
Kohli has supported over 20 portfolio companies of the Japanese conglomerate and its Vision Fund
 "Manoj Kohli parts ways with SoftBank India as country head, say sources")
Committed to Axis deal; will follow earlier methodology: Max Life CEO
Max Life and Max Financial Services are committed to going ahead with the deal with Axis Bank, which will see the latter acquire another 7 per cent stake in the life insurance company, said the CEO
 "Committed to Axis deal; will follow earlier methodology: Max Life CEO")
Air India gets 72,000 job applications for cabin crew; 1,752 for pilots
The airline's aggressive expansion plan, which has already seen 17 long-grounded aircraft return to the skies with 12 more to follow, necessitates a significant expansion in flying crew
 "Air India gets 72,000 job applications for cabin crew; 1,752 for pilots")
Giving back: Start-up entrepreneurs double their donation in FY22
Top 3 from start-ups are Nithin and Nikhil Kamath of Zerodha, Ronnie and Zarina Screwvala of Unilazer group and ex-Flipkart founder Binny Bansal
 "Giving back: Start-up entrepreneurs double their donation in FY22")
Saurabh Agrawal takes over as Tata Power Renewable Energy's chairman
Three more directors including Eduard Ruijs, the Managing Director and Head of the London based BlackRock Global Infrastructure Fund team, also joined the board.
 "Saurabh Agrawal takes over as Tata Power Renewable Energy's chairman")
Bajaj Finance Q2 results: Net profit jumps 88% to Rs 2,781 crore
The company booked 6.76 million loans in Q2FY23, up 7 per cent YoY compared to 6.33 million loans booked in the year-ago period
 "Bajaj Finance Q2 results: Net profit jumps 88% to Rs 2,781 crore")
Nestle India could sustain sales growth outperformance in coming quarters
Near-term margins, however, may remain under pressure
 "Nestle India could sustain sales growth outperformance in coming quarters")
Cough syrup makers see healthy future, say controversies won't dent demand
Pharma industry insiders claimed that most contamination-related problems arise due to solvents
 "Cough syrup makers see healthy future, say controversies won't dent demand")