Page 3146 - Company News

Bharti Airtel slips into red; posts Rs 5,237 cr loss for Jan-Mar quarter

The company had posted a profit of Rs 107.2 crore in the same period a year ago.

Uber to lay off 3,000 workers in second cut for May, trip requests drop 80%

Company says it plans to reduce investments in several non-core projects.

Auto dealers are coming together to walk online trail to stay in the game

As carmakers and customers engage directly via digital channels of commerce, the country's 15,000-odd dealerships explore ways to stay in the game

Bank of India engages Uniken to secure internet, mobile banking channels

A recent report put the number of card and net banking frauds at 1,367 in FY17, about 2,127 in FY18, and 1,477 in FY19

Ajay Dixit exits Cairn, is fifth CEO to quit firm since Vedanta acquisition

Cairn Oil & Gas said in a statement that Dixit is superannuating at the end of his five-year term at the group in May

Lockdown 4.0: Ola resumes services in Karnataka with enhanced measures

Akin to the over 100 cities where Ola is now operational, enhanced protocols are applicable

Coronavirus impact: Textile companies fear FY21 will be a washout

Most units say there are no orders as retailers haven't resumed operations

WeWork India cuts 20% staff, says hard decisions needed to sustain pandemic

Virwani also noted in the communication that the first priority of the company is to get the maximum value from its buildings and reduce costs by the business efficiently

Lockdown 4.0: E-commerce majors gear up to resume operations across India

Red zones comprise about 130 districts of the country and analysts estimate that the e-commerce companies, as well as the retailers, witness at least 75 per cent demand from these locations

Uber announces safety measures as road travel set to resume across country

"Go Online Checklist" and mandatory mask policy, selfie verification among protocols to be followed by drivers and riders; non-compliance could see both geting barred

Tata Steel Dutch workers unions slam 1,000 job cut plans, vow to fight

Tata Steel employs around 9,000 people at IJmuiden, about 25 km (15.5 miles) northwest of Amsterdam

Technology investor Iron Pillar adds $45 million top-up to its Fund-I

The top-up Fund will provide Iron Pillar additional capital to back specific Fund I portfolio companies

Johnnie Walker maker Diageo exploring options to delist in India: Report

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns an about 56% stake in United Spirits after slowly building it up over several years

Accenture acquires Ahmedabad-based data analytics firm Byte Prophecy

The acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture Applied Intelligence division

Shareholders to pay 25% for subscribing RIL's Rs 53,125-cr right issue now

One share will be offered for every 15 shares held at Rs 1,257, a 14 per cent discount to the closing price for April 30

Alibaba's Jack Ma resigns; SoftBank proposes three new board members

The departure of Ma, who retired as Alibaba's executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy

Lockdown 4.0: Maruti Suzuki to restart operations at Gurugram plant today

With this, Maruti Suzuki will restart operations of its second plant in the fourth phase of the nationwide lockdown

General Atlantic picks up 1.34% stake in Jio Platforms for Rs 6,598 crore

This is the fourth such stake sale within a month and it values Jio Platforms at Rs 4.91 trillion on an equity basis and Rs 5.16 trillion on an enterprise-value basis

Govt allows Indian public companies to directly list shares overseas

The move will help Indian companies get access to multiple jurisdictions for raising capital, with differing costs and listing conditions, said experts

Market experts back RIL's rights issue, ask shareholder to participate

The partly paid up shares may trade at some discount in the interim