Page 329 - Company News

Titan's managing director Venkataraman to retire by year end: CEO

Venkataraman joined the company in 1990 and rose to the top post in 2019, the same year Chawala took the helm at the jewellery division

Paytm, founder and CEO Vijay Shekhar Sharma settle ESOP case with Sebi

Consequently, last month, Sharma had foregone these ESOPs and as a result, Paytm took a related ₹492 crore one-time charge in the previous quarter

Behind Microsoft's push for performance: firings, PIPs and re-hire bans

Tech major Microsoft has introduced strict performance rules; under-performers to face exit via PIP or voluntary separation, with a two-year rehire ban and no severance in some cases

CIL to set up $3 bn worth clean energy projects to boost renewable heft

AM Green, in which the founders of India's Greenko Group have large stakes, targets to produce 5 million tons per annum (MTPA) of green ammonia by 2030

OYO most profitable startup in FY25 with ₹623 cr profit: Ritesh Agarwal

Consequently, OYO's earnings per share (EPS) reached Rs 0.93 for FY25, up from Rs 0.36 in FY24, reflecting a 158 per cent increase, the documents showed

Dabur to drop underperforming tea, diapers; focus on Qcommerce for growth

Dabur is going for "rationalisation of underperforming products and SKUS in order to release capital for bigger bets", CEO Mohit Malhotra said

SC's reversal of $2.3 billion steel deal casts shadow on bankruptcy law

Seven lawyers and bankruptcy law experts said the unprecedented ruling had set off alarm among potential buyers of other insolvent or bankrupt firms

Cashfree Payments supports over 140 currencies on upgraded global gateway

Cashfree becomes first Indian fintech to offer 140+ currency support on its international payment gateway, helping Indian merchants expand global reach and revenue

IPO-bound LG Electronics India begins work on new $600 mn Andhra plant

IPO-bound electronics manufacturer will invest $600 million in the plant located in Sri City, close to the South Indian city of Chennai

Exide to fund EESL capex via internal accruals despite FY25 cashflow dip

Receivables rose to Rs 314 crore from just Rs 13 crore in FY24, while inventory levels more than doubled to Rs 578 crore, exerting pressure on working capital

Avendus raises Rs 1,000 cr in first close of third structured credit fund

Avendus Structured Credit Fund III secures Rs 1,000 crore in first close as investors seek tailored private debt with target IRRs of 16-18 per cent amid lending constraints

Toyota posts strong sales but remains cautious on profit amid rising costs

Japan's top automaker Toyota reported record sales for the fiscal year through March on Thursday, but its profit for the latest quarter faltered partly because of a certification scandal.

Reliance withdraws trademark application for 'Operation Sindoor' title

Reliance Industries withdraws 'Operation Sindoor' trademark bid, says filing was unauthorised; calls the term a national symbol of bravery

Uber CEO tells staff to return to office or leave amid new workplace rules

Uber CEO Dara Khosrowshahi backs return-to-office push, says employees who are unhappy with new workplace policies are free to leave as changes take effect

Flipkart VP Ashish Vijayvergiya to launch new startup within company fold

Flipkart's Ashish Vijayvergiya to lead a new internal venture, following the model of earlier in-house startups like PhonePe and super.money

Jaguar Land Rover, Diageo among winners as UK-India sign model trade deal

Free Trade Agreement announced after three years of negotiations, will make it cheaper for UK firms to sell their whiskeys, cars, auto parts, cosmetics, biscuits, clothes and electrical machinery

Policybazaar parent PB Fintech's new India hospital venture raises $218 mn

The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027

Air India, AI Express offer free rescheduling of tickets for armed forces

Air India and AI Express offer full refunds and one-time rescheduling for defence fare bookings till 31 May 2025, amid recent military strikes on terror camps in Pakistan and PoK

Fintech giant Paytm set to go slow on hiring replacements for exiting staff

Paytm's non-sales employee cost dropped 35.6 per cent in Q4FY25 as the company opted not to backfill roles, leaning on AI to enhance productivity and trim expenses

Delhi HC bars Gensol & BluSmart from transferring or selling over 220 EVs

Delhi HC bars BluSmart and Gensol from creating third-party rights over 220 EVs leased by SMAS Auto and Shefasteq, taking total restricted vehicles to 490