Page 1779 - Company News
Cisco launches India Webex infra, sees permanent shift to hybrid work model
Facility's dedicated data centre will enable Cisco to offer India-specific pricing for its customers, taking down costs by over 50%
 "Cisco launches India Webex infra, sees permanent shift to hybrid work model")
TCS shares fall nearly 2% after Q2 results; m-cap declines by Rs 19,118 cr
Shares of Tata Consultancy Services (TCS) on Tuesday fell by nearly 2 per cent, a day after the firm announced its September quarter earnings
 "TCS shares fall nearly 2% after Q2 results; m-cap declines by Rs 19,118 cr")
DoT, Meity to hold meeting of smartphone firms, telcos to resolve 5G issues
Top officials of the DoT and IT ministry have called a meeting of smartphone companies, including Apple and Samsung, and telecom operators on issues related to provide smooth access to 5G services
 "DoT, Meity to hold meeting of smartphone firms, telcos to resolve 5G issues")
French mineral firm Imerys plans to ramp up Vizag plant production
Will increase calcium aluminates capacity by 2030 to about 50,000 tonnes from 30,000 tonnes currently in line with India's target of achieving a 300 million tonne crude steel capacity
 "French mineral firm Imerys plans to ramp up Vizag plant production")
TCS says confident of achieving double-digit revenue growth in FY23
TCS is confident of achieving a double-digit revenue growth in the current fiscal and will be targeting a similar performance in FY24 as well, a senior executive said on Tuesday
 "TCS says confident of achieving double-digit revenue growth in FY23")
Jio-bp to set up charging network for M&M's upcoming e-SUVs' launches
Starting with 16 cities, Jio-bp will install DC fast chargers at M&M dealership network and workshops across the country
 "Jio-bp to set up charging network for M&M's upcoming e-SUVs' launches")
JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP
The combined cement capacity of these units will be 5 million tonnes per annum
 "JSW Cement to invest over Rs 3,200 crore in new plants in MP and UP")
Chinese EV maker BYD to launch 1st passenger car in India amid global push
Warren Buffet-backed Chinese electric carmaker BYD will launch its first passenger car in India on Tuesday, an electric SUV, marking its entry into the mainstream market
 "Chinese EV maker BYD to launch 1st passenger car in India amid global push")
India's startup sector sees 80% drop in Q3 funding, slowdown to continue
The funding in Indian startups nosedived a massive 80 per cent (year-on-year) in the third quarter (July-September period) this year, with the late stage funding seeing the biggest fall
 "India's startup sector sees 80% drop in Q3 funding, slowdown to continue")
Financial status of Indian airlines likely to remain under pressure: ICRA
The financial performance of Indian airlines is likely to remain under pressure in the near term, even as recovery in domestic passenger traffic has been healthy, said Corporate Rating firm ICRA
 "Financial status of Indian airlines likely to remain under pressure: ICRA")
What is 'Google Tax' or Diverted Profits Tax and the Singapore case?
Diverted Profits Tax, commonly known as "Google tax", refers to tax provisions designed to counter the practice of profits being diverted to other jurisdictions that have lower or zero tax rates
 "What is 'Google Tax' or Diverted Profits Tax and the Singapore case?")
Amazon to invest over 1 bn Euros to electrify delivery fleet in Europe
E-commerce giant Amazon has announced that it will invest more than one billion euros to further electrify its transportation fleet across Europe over the next five years
 "Amazon to invest over 1 bn Euros to electrify delivery fleet in Europe")
Rich Indians rush overseas to open family offices as risks rise at home
Many are heading to Dubai and Singapore to hedge their portfolio against currency and geographical risks and for tax planning for the next generation
 "Rich Indians rush overseas to open family offices as risks rise at home")
TCS to give full variable pay to 70 per cent employees in Q2FY23: Report
In Q2FY23, TCS saw an eight per cent year-on-year (YoY) jump in its net profit to Rs 10,465 crore, beating the estimates
Tata to triple Zoya stores by 2027 as India's new rich fuel brand expansion
India's expected surge of rich consumers is driving the jewelry unit of Indian conglomerate Tata Group to triple its Zoya-branded stores by 2027
 "Tata to triple Zoya stores by 2027 as India's new rich fuel brand expansion")
As consulting firms enter tech, problems grow for Indian IT companies
European clients, which typically account for a quarter to a third of Indian firms' sales, are almost certain to cut their tech budgets - at least until the war in Ukraine comes to an end
 "As consulting firms enter tech, problems grow for Indian IT companies")
TCS to hire additional 10k-12k freshers in current year amid 21% attrition
"Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said Milind Lakkad, Chief HR Officer of TCS.
India's e-retail market to increase to $150 bn-$170 bn by 2027: Report
India's e-retail market rose to approximately $40 billion in 2021 and is slated to reach $50 billion in 2022
 "India's e-retail market to increase to $150 bn-$170 bn by 2027: Report")
Indian Immunologicals to double foot and mouth disease vaccine capacity
To Invest Rs 700 crore in Hyderabad for new animal vaccine facility
 "Indian Immunologicals to double foot and mouth disease vaccine capacity")
Oddr raises $2 mn in seed round from Saama Capital and Twin Ventures
Oddr, which is based in Silicon Valley and India, is planning to launch its services in North America, the UK and Australian market along with setting up an R&D centre in India
 "Oddr raises $2 mn in seed round from Saama Capital and Twin Ventures")