Page 1985 - Company News
Can India have a four-day a week working model like the UK?
Following a pilot scheme, British citizens will work for just four days a week without a pay cut for the next six months. Wondering if we in India too can follow the Britons? Let's find the answer
 "Can India have a four-day a week working model like the UK?")
Coal India to source 6 MT more imported coal; floats medium-term tender
Two days ago, the company for the first time ever issued a tender for purchasing imported coal for gencos.
 "Coal India to source 6 MT more imported coal; floats medium-term tender")
Consumer Affairs Ministry to hold meeting with edtech firms amid complaints
Consumer Affairs Secretary Rohit Kumar Singh said: "We are aware of this. I have called a meeting of edutech companies next week or so".
 "Consumer Affairs Ministry to hold meeting with edtech firms amid complaints")
InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer
New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.
 "InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer")
Unicorns to take on lease 8.1 mn sq ft office space in 2022-24: Report
Startups with a valuation of $1 billion or more, also called unicorns, are likely to take on lease 8.1 million square feet of office space during 2022-24 period across six major cities, a report said
 "Unicorns to take on lease 8.1 mn sq ft office space in 2022-24: Report")
Repo rate hike impact: HDFC raises home loan rate by 50 bps effective today
Effectively, now home loan rates of the lender would start from 7.55 per cent
 "Repo rate hike impact: HDFC raises home loan rate by 50 bps effective today")
Indian oil firms to compensate ethanol makers for higher energy costs
Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production
 "Indian oil firms to compensate ethanol makers for higher energy costs")
IPL broadcasting rights: Amazon plans to pull out of Rs 60,000 cr race
Amazon's surprise pullout leaves the field open to Ambani's Reliance, Disney and Sony Group Corp
 "IPL broadcasting rights: Amazon plans to pull out of Rs 60,000 cr race")
At Rs 79.8 crore, Wipro CEO Delaporte highest paid in Indian IT sector
The Wipro CEO's package in FY22 was Rs 79.8 crore while the Infosys CEO, Salil Parekh drew Rs 71 crore, and the TCS CEO & MD, Rajesh Gopinathan drew 25.8 crore
 "At Rs 79.8 crore, Wipro CEO Delaporte highest paid in Indian IT sector")
IndiGo to restore allowances for crew from July 31 as flight ops recover
The airline, which had made a partial reinstatement of salary for pilots, is yet to restore pre-covid salaries.
 "IndiGo to restore allowances for crew from July 31 as flight ops recover")
G7 deal on minimum global corporate tax: Reason, likely impact explained
Agreement paves way for levies on multinationals in countries where they operate, instead of just where they are headquartered.
 "G7 deal on minimum global corporate tax: Reason, likely impact explained")
Pandemic, climate change, fossil fuel ban: Winds of change for renewables
Business Standard talked with Rahul Munjal, Chairman & managing director, Hero Future Energies to understand the impact of Covid, recent G7 decisions and way forward for the sector. Tune in for more
 "Pandemic, climate change, fossil fuel ban: Winds of change for renewables")
Why is Ludhiana's apparel industry staring at losses?
Ludhiana's apparel industry, which churns out most of the country's readymade garments, is losing revenue. Two months of lockdown in China's Shanghai has brought the industry on its knees.
 "Why is Ludhiana's apparel industry staring at losses?")
Abu Dhabi's ADIA invests Rs 2,200 cr in IIFL Home Finance for 20% stake
This would be one of the largest equity investments in the affordable housing finance segment in India by a financial investor
 "Abu Dhabi's ADIA invests Rs 2,200 cr in IIFL Home Finance for 20% stake")
Jeff Bezos, Mukesh Ambani set to battle over $7.7 bn IPL broadcast rights
Jeff Bezos, Mukesh Ambani's companies are expected to be the top two contenders at a June 12 Indian Premier League auction, which is likely to lure several bidders
 "Jeff Bezos, Mukesh Ambani set to battle over $7.7 bn IPL broadcast rights")
Why India's 5G rollout could be in jeopardy?
Govt wants to roll out 5G services this year. But an industry body says it will have no business case if operators' concern on private captive networks is not addressed. Will it affect the rollout?
 "Why India's 5G rollout could be in jeopardy?")
Wage cost inflation may moderate IT players' profit margins by 1.5%
The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most IT companies in FY22
 "Wage cost inflation may moderate IT players' profit margins by 1.5%")
Akasa Air to partner Griffin for sale, leaseback of Boeing planes
Under sale and leaseback model, the airline sells its planes to a leasing company and then leases them back
 "Akasa Air to partner Griffin for sale, leaseback of Boeing planes")
Bajaj Auto to consider share buyback, first such move after 2000
The move will be discussed in the meeting of the board of directors on June 14.
 "Bajaj Auto to consider share buyback, first such move after 2000")
DMRC seeks to raise Rs 2,700-crore loan to pay Reliance Infrastructure
As of May 31, DMRC has incurred an interest liability of over Rs 300 crore solely on account of delays in payment to DAMEPL
 "DMRC seeks to raise Rs 2,700-crore loan to pay Reliance Infrastructure")