Page 2157 - Company News
SpiceJet posts standalone net profit of Rs 23 cr in Q3, stock jumps 8%
The passenger industry witnessed the much needed turnaround in the third quarter as Covid cases ebbed in the first half of the quarter, says SpiceJet chief
 "SpiceJet posts standalone net profit of Rs 23 cr in Q3, stock jumps 8%")
Mexican firm UnDosTres largest recruiter in Cluster 3 of IIM-A placements
Fintech firms on the whole roll out maximum number of offers
 "Mexican firm UnDosTres largest recruiter in Cluster 3 of IIM-A placements")
Debashis Mitra takes over as ICAI President; Aniket Sunil Talati becomes VP
Mitra, who is serving his third term in ICAI Council, has been in the accounting profession for more than 34 years
 "Debashis Mitra takes over as ICAI President; Aniket Sunil Talati becomes VP")
Nasscom feels attrition problem in IT sector may have hit its peak
'If one looks at the data from the top-10 IT companies for the December quarter announced recently, attrition levels seem to be plateauing if not trending down'
 "Nasscom feels attrition problem in IT sector may have hit its peak")
Religare Finvest debt recast in doubt as company gets 'fraud' tag from RBI
Promoter Religare Enterprises contests tagging of Religare Finvest Ltd as 'fraud'
 "Religare Finvest debt recast in doubt as company gets 'fraud' tag from RBI")
Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom
The industry added 450,000 new hires in FY22, the highest ever taking the total direct employee base of the industry to 5 million.
 "Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom")
Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22
Nasscom, which has ceased to give a growth projection for the future, said that a chief executives' survey pointed to another growth year.
 "Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22")
Chipmaker AMD says Xilinx acquisition will double its presence in India
AMD has acquired Xilinx for $35 billion, which is the biggest acquisition deal in the semiconductor segment.
 "Chipmaker AMD says Xilinx acquisition will double its presence in India")
Paytm logs new record in lending business, strengthens payments leadership
Over 2.3 million devices deployed across the country as of the end of January 2022, a measure of offline payments leadership.
 "Paytm logs new record in lending business, strengthens payments leadership")
Nykaa's institutional investors against giving more rights to promoters
Nykaa has passed a resolution to amend its Articles of Association that allow promoters to nominate one-third of directors and the chairperson
 "Nykaa's institutional investors against giving more rights to promoters")
Former Turkish Airlines chairman Ilker Ayci to pilot Air India as MD-CEO
Ilker Ayci was an advisor to Turkey President Recep Tayip Erdogan, (then mayor of Istanbul). He then served in insurance sector and became president of Turkey's national investment promotion agency
 "Former Turkish Airlines chairman Ilker Ayci to pilot Air India as MD-CEO")
Oyo IPO: Delhi HC rejects Zostel's petition for stake in firm
The root of the dispute between IPO bound Oyo and Zostel lies in a failed buyout deal 6 years ago, which Zostel claims was binding on Oyo.
 "Oyo IPO: Delhi HC rejects Zostel's petition for stake in firm")
Top realtors getting into 'second homes' concept at leisure destinations
Realtors look to cash in on demand for such projects at leisure destinations
 "Top realtors getting into 'second homes' concept at leisure destinations")
Xiaomi plans to focus on Rs 20,000-50,000 range in premium market
The Chinese company put its foot on the pedal in the 20K plus market by launching multiple phones under the Xiaomi brand name
 "Xiaomi plans to focus on Rs 20,000-50,000 range in premium market")
Hiranandani Group enters consumer tech with Rs 3,500 cr investment plan
Company will focus on large opportunities in the arena of social media, entertainment, gaming and e-sports, e-commerce, personal mobility, artificial intelligence and blockchain linked solutions
 "Hiranandani Group enters consumer tech with Rs 3,500 cr investment plan")
Kenko Health raises $12 mn in Series A funding led by Sequoia Capital
Plans to utilise funds for acquiring customers, product development and building leadership team
 "Kenko Health raises $12 mn in Series A funding led by Sequoia Capital")
Business hotels start seeing signs of recovery after protracted lull
Pent-up demand in MICE segment as firms start hosting physical events again, and easing of curbs on international travel will also help in getting closer to pre-Covid revenue levels, says industry
 "Business hotels start seeing signs of recovery after protracted lull")
LIC IPO documents: Insurers' unclaimed amount crosses Rs 20,000 crore
Total was in excess of Rs 20,000 crore as of September, shows offer document data
 "LIC IPO documents: Insurers' unclaimed amount crosses Rs 20,000 crore")
Vedanta signs up with Foxconn to manufacture semiconductors in India
The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years
 "Vedanta signs up with Foxconn to manufacture semiconductors in India")
'Fun police' force Tesla's 11th recall in US in just over three months
Elon Musk apparently isn't pleased with pressure the National Highway Traffic Safety Administration put on Tesla to conduct its 11th recall in the US in just over three months
 "'Fun police' force Tesla's 11th recall in US in just over three months")