Page 3414 - Company News
VECV says it is a long-term player, auto slowdown hasn't impacted its capex
The Volvo-Eicher Motors JV plans to invest Rs 650-700 cr on BS VI rollout, apart from a greenfield venture in Bhopal
 "VECV says it is a long-term player, auto slowdown hasn't impacted its capex")
Google to add over 3,800 customer support jobs in US, India and Philippines
Previously, customer and user support, such as answering calls, product troubleshooting, and campaign set-up, was usually supplied by third-party companies on Google's behalf
 "Google to add over 3,800 customer support jobs in US, India and Philippines")
New investors could find BPCL's 'privatised' work culture delightful
Even after its nationalisation, the company continued to remain "foreign" and "privatised" in its work culture, say former and present employees and some industry executives
 "New investors could find BPCL's 'privatised' work culture delightful")
Embassy group REIT picks Kotak Mahindra, Morgan Stanley for fundraising
The trust selected the banks as advisers, said the people, who asked not to be identified as the discussions are private
 "Embassy group REIT picks Kotak Mahindra, Morgan Stanley for fundraising")
Embassy Group planning to infuse more funds into office park REIT
Blackstone Group is the other sponsor of this REIT
 "Embassy Group planning to infuse more funds into office park REIT")
Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal
Lenskart is raising Rs 1,645 cr in a funding round led by Masayoshi Son-led SoftBank; company has cut losses by 73%, while driving revenue up 57% in FY19
 "Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal")
Alphabet CEO Sundar Pichai receives hefty pay raise, to get $242 mn in 2020
If Alphabet shares outperform the S&P 100 Index, Pichai could receive an additional $90 million in stock grants.
 "Alphabet CEO Sundar Pichai receives hefty pay raise, to get $242 mn in 2020")
ONGC to get Panna-Mukta fields from Shell, Reliance after 25 years
Production-sharing contracts for the fields will expire on Dec 21
 "ONGC to get Panna-Mukta fields from Shell, Reliance after 25 years")
Air India employee unions write to PM Modi, seek waiver of airline loans
Against the backdrop of the government working out the modalities for Air India disinvestment, seven employee groupings have also said the carrier can be turned around
 "Air India employee unions write to PM Modi, seek waiver of airline loans")
Have no connection with Tribhovandas Bhimji Zaveri & Sons: TBZ Original
TBZ-The Original has actor Sara Ali Khan endorsing its brands, and is promoted by industry veteran Shrikant Zaveri, the filing said
 "Have no connection with Tribhovandas Bhimji Zaveri & Sons: TBZ Original")
CARE Ratings MD Rajesh Mokashi resigns, TN Arun Kumar to act as interim CEO
The government had removed IL&FS' management and took control of the company after the provider of infrastructure financing defaulted on a series of debts.
 "CARE Ratings MD Rajesh Mokashi resigns, TN Arun Kumar to act as interim CEO")
Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal
The start-up raised over $275 million from Softbank Vision Fund
 "Eyewear start-up Lenskart's valuation crosses $1.5 bn with SoftBank deal")
Jet Airways' insolvency resolution extended by 90 days as bidders seek time
On Thursday, Synergy Group Jet Airways' sole potential bidder had sought more time to take a decision on investing in the grounded airline
 "Jet Airways' insolvency resolution extended by 90 days as bidders seek time")
Wipro, NASSCOM jointly launch 'Future Skills' to boost engineering teaching
President of NASSCOM, Debjani Ghosh said, "The platform enables learning the skills required in emerging technologies. More importantly, it helps individuals develop an aptitude for learning."
 "Wipro, NASSCOM jointly launch 'Future Skills' to boost engineering teaching")
GAIL: Prospects led by gas transmission, distribution segment remain good
Analysts believe AGR demand is untenable, while growth prospects led by gas transmission and distribution segment remain good and valuations attractive
 "GAIL: Prospects led by gas transmission, distribution segment remain good")
Hearing on proposed JSW Steel plant passes off, people's demands to be met
Odisha State Pollution Control Board's regional officer Ramesh Chandra Ekka and JSW officials were also present in the public hearing
 "Hearing on proposed JSW Steel plant passes off, people's demands to be met")
Pass order on Axis Bank's plea in Karvy case by Jan 15: SAT to Sebi
Axis Bank had moved to the SAT seeking the shares pledged by Karvy Stock Broking Limited (KSBL) to the lender be unfrozen, so that it can invoke the pledges
 "Pass order on Axis Bank's plea in Karvy case by Jan 15: SAT to Sebi")
India has huge potential, firms should take risk and invest: Anil Agarwal
Highlighting the business opportunities in the natural resources sector, Agarwal said that Indian industry should also explore in this sector
 "India has huge potential, firms should take risk and invest: Anil Agarwal")
IBC process helps creditors recover Rs 1.6 trn, revives 160 companies
But, also this amount is 210 per cent of their liquidation value," Insolvency and Bankruptcy Board of India (IBBI) chairman M S Sahoo said.
 "IBC process helps creditors recover Rs 1.6 trn, revives 160 companies")
Cognizant appoints Walmart's Becky Schmitt as Chief People Officer
Currently at Sam's Club, Schmitt oversees the employee experience and career development of 100,000 associates across nearly 600 locations
 "Cognizant appoints Walmart's Becky Schmitt as Chief People Officer")