Page 3060 - Company News

Wipro to acquire Brazil-based IT service provider for $22.4 million

The acquisition will also help Wipro set up delivery centres in the northeast of Brazil leveraging IVIA's workforce

Investors must shun retail apparel stocks over negative operating leverage

To limit the impact on financials, companies have been looking at ways to cut costs by asking for a waiver, or lower rentals, for the duration of the lockdown

NCLAT upholds NCLT order to initiate insolvency proceedings against HDIL

"In view of our finding as aforesaid, no interference is called for against the impugned Order dated August 20, 2019. Therefore, Appeal fails," said the NCLAT bench

Hyundai likely to reach 90% of last year's sales levels by end of July

Consumer sentiment also improved with the reopening of the sales network and robust demand for various models, especially the recently launched new Creta

No stay on TRAI's instructions to Vodafone Idea on priority plan: TDSAT

TRAI has been asked to file its reply by Wednesday

Moody's confirms Tata Steel's ratings; changes outlook to negative

Agency to withdraw UK subsidiary's ratings

Hyundai Motor India expects July sales to bounce back to last year's level

For Creta, the company has already received over 45,000 bookings, with 30 per cent for automatics

Google in advanced talks to invest $4 bn in Reliance digital arm: Report

Investors, including Facebook and KKR & Co, have already poured in a combined $15.64 billion for just over 25% in Jio Platforms

Hyundai ramps SUV portfolio, launches new Tucson starting at Rs 22.3 lakh

Vehicle comes with a choice of BS-VI-compliant 152bhp 2.0-litre petrol and 185bhp 2.0-litre diesel engine options

For AirAsia's Tony Fernandes, business in India makes little sense now

With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013

Google offers not to use health data of Fitbit users in bid to win EU nod

Reuters reported last week that such a data pledge may likely help Google secure EU approval for its proposed $2.1 billion acquisition deal

Big brands tip the scales, grow faster and bigger than regional ones

National consumer brands outpace regional labels three years in a row, reports Kantar. Will the pandemic halt the trend?

Covid-19 crisis: Strategy change spurred business revival, says InMobi

However, the home-grown mobile marketing and advertising software firm will have to wait for at least six months to achieve $1 billion in revenue, said Founder and CEO Naveen Tewari

Firms may look beyond mobiles to meet ambitious electronics goal

The last of the 2-part series analyses the challenges in ramping up non-mobile device manufacturing

Maintain paycut parity across all employees: Air India pilots to management

For the senior management, the pay cut is between 1.5% to 2%, while it is 30% for the pilots

Vodafone Idea moves TDSAT over Trai objection to premium telecom plans

The TDSAT is expected to hear the Vodafone Idea case on Tuesday.

Results preview: Nifty companies may see over 25% profit drop in Q1

Revenues set to take a similar hit

Google commits $10-billion investment to expedite digitisation in India

Separately, Pichai also interacted with Prime Minister Narendra Modi on Monday through videoconferencing.

Life insurance industry to recover in next quarter, says CARE Ratings

CARE Ratings, in a note, said growth could potentially return in Q2 or Q3 and distribution channels could see significant realignment, with digital sales rising at the cost of individual agents

Margin pressure, limited operations under lockdown to continue for D-Mart

Lower sales of discretionary products to weigh on profitability