Page 2005 - Company News
Uber India addresses trip cancellations, drivers not switching on AC
Cab-hailing firm will show trip destinations to drivers before they decide to accept a ride.
 "Uber India addresses trip cancellations, drivers not switching on AC")
Wipro launches 40,000 sq-ft new tech innovation studio in Austin, US
IT major Wipro has launched its new innovation studio at Austin in Texas, US, the company said on Thursday.
 "Wipro launches 40,000 sq-ft new tech innovation studio in Austin, US")
Ashok Leyland Q4 net profit drops 58% to Rs 158 cr; revenue jumps 22%
Hinduja group flagship Ashok Leyland on Thursday reported a 58.14 per cent decline in consolidated net profit at Rs 157.85 crore in the fourth quarter ended March 2022, pulled down by higher expenses.
 "Ashok Leyland Q4 net profit drops 58% to Rs 158 cr; revenue jumps 22%")
Netflix lays off 150 workers as it loses long-term subscribers: Reports
Netflix is fast losing subscribers -- who have been with the streaming service for more than three years - further adding to its woes as the company faces stalled growth amid revenue slowdown.
 "Netflix lays off 150 workers as it loses long-term subscribers: Reports")
CCI approves Serum Institute Life Sciences-Biocon Biologics deal
The Competition Commission of India (CCI) has approved a proposed deal involving Serum Institute Life Sciences, Covidshield Technologies and Biocon Biologics.
 "CCI approves Serum Institute Life Sciences-Biocon Biologics deal")
59% employees not happy at work, retail and e-comm unhappiest: Survey
Concept of workplace happiness stems from direct experiences of employees with their employer and their organisation.
 "59% employees not happy at work, retail and e-comm unhappiest: Survey")
Uber to now show trip destinations to drivers before they decide to accept
Drivers who meet a predefined trip acceptance threshold will be eligible to get destination information, says Uber
 "Uber to now show trip destinations to drivers before they decide to accept")
Bosch Ltd net profit declines 27% to Rs 350.5 crore in March quarter
Auto components major Bosch Ltd on Thursday reported a 27.28 per cent decline in consolidated net profit at Rs 350.5 crore in the fourth quarter ended March 2022 dragged down by higher expenses.
 "Bosch Ltd net profit declines 27% to Rs 350.5 crore in March quarter")
Ratan Tata, Tata Sons welcome SC dismissal of review petition by SP Group
Ratan Tata and Tata Sons on welcomed Supreme Court's dismissal of a plea of the Shapoorj Pallonji group seeking a review of verdict that upheld group's removal of Cyrus Mistry as Chairman of Tata Sons
 "Ratan Tata, Tata Sons welcome SC dismissal of review petition by SP Group")
US cyber security company Trellix opens new data centre in Mumbai
California-based Cyber security company Trellix on Thursday announced the opening of a new data centre in Mumbai to help customers meet their data residency and compliance requirements.
 "US cyber security company Trellix opens new data centre in Mumbai")
MakeMyTrip partners with banks, NBFCs for 'book now pay later' option
The book now pay later (BNPL) payment has been introduced on bookings for travel, flight or hotels, on MakeMyTrip as well as on the Goibibo app
 "MakeMyTrip partners with banks, NBFCs for 'book now pay later' option")
JPMorgan downgrades India's IT sector performance as pandemic boom fades
The brokerage expects the slowdown to worsen in 2023 partly due to a potential decline in orders from the key market of United States, where economic growth has started to weaken
 "JPMorgan downgrades India's IT sector performance as pandemic boom fades")
Flipkart Pay Later doubles its user base to over 6 mn in just 7 months
Flipkart Pay Later now provides customers credit up to Rs 1 lakh, depending on the customer's credit profile
 "Flipkart Pay Later doubles its user base to over 6 mn in just 7 months")
Cars24 asks 600 employees to leave on basis of 'poor performance'
Pre-owned e-commerce platform Cars24 said that around 600 employees have been let go based on their poor performance and not owing to any "cost cuts".
 "Cars24 asks 600 employees to leave on basis of 'poor performance'")
Solar PV module manufacturer Waaree Energies bags orders worth $2.37 bn
Domestic solar PV module manufacturer Waaree Energies on Thursday said it has secured new orders worth $2.37 billion from customers in the domestic and international markets.
 "Solar PV module manufacturer Waaree Energies bags orders worth $2.37 bn")
Will 20% hikes and higher fresher pay be the new norm in IT sector?
Amid the race to hire and retain talents, several IT companies are outdoing each other in doling out attractive packages and bonuses. Will such hikes become the new norms? Find out in this report
 "Will 20% hikes and higher fresher pay be the new norm in IT sector?")
Electric vehicle maker Omega Seiki Mobility appoints Nida Khanam as CHRO
The company employs around 350 employees with 20 people in the leadership role, Omega Seiki Mobility (OSM) said, adding that it plans to scale up its workforce by 2,000 people by the next fiscal year
 "Electric vehicle maker Omega Seiki Mobility appoints Nida Khanam as CHRO")
Hyderabad based Skyroot Aerospace successfully test fires its rocket engine
The company on Thursday announced the completion of the milestone of full duration test-firing of its Vikram-1 rocket stage
 "Hyderabad based Skyroot Aerospace successfully test fires its rocket engine")
Farm segment-driven demand outlook remains strong for Balkrishna Industries
Raw material/freight costs will however weigh on its near term margins
 "Farm segment-driven demand outlook remains strong for Balkrishna Industries")
Stellantis bets big on India market; to launch first EV next year
The global automotive major Stellantis is planning to launch its first electric vehicle in India under the Citroen brand next year.
 "Stellantis bets big on India market; to launch first EV next year")