Page 3468 - Company News

Second whistleblower letter launching personal attack on Infy CEO, surfaces

This is said to be the 'undated' letter that Infosys had earlier informed in regulatory filing

Tata seeks partners for JLR; approaches BMW, Chinese automaker Geely

Tata has begun to address some of the financial issues facing JLR, providing the brand with a $910 million equity infusion to help bolster its balance sheet.

ArcelorMittal to shut down steel plant in South Africa, lay off 1000

South African government expresses 'disappointment' at the decision of ArcelorMittal South Africa.

Alibaba's Singles' Day sales hit $38 bn to beat Amazon, but growth sales

Singles' Day is a gauge of Chinese consumer sentiment and also a shop window for Alibaba as it plans sale of $15 bn worth of shares.

SpaceX launches 60 more mini satellites for global internet coverage

This also marked the first time SpaceX used a previously flown nose cone. The California-based company reuses rocket parts to cut costs

Jindal Stainless posts Rs 51.92-crore profit in September quarter

The company had posted a loss of Rs 36.44 crore in the year-ago period, JSL said in a filing to the BSE

Vijay Karnani, Goldman India co-head, to retire after 21 years: Report

Karnani joined Goldman Sachs in 1998 as an associate in equity capital markets and moved to the equity derivatives team in Hong Kong in 2000

Honda Manesar operations suspended indefinitely as talks with workers fail

HMSI's move comes after workers' agitation, which started on November 5, gained steam with several political parties and labour unions lending their support to them

Smartphone shipments set new record in Sep quarter; Apple regains top spot

Once the market leader, Samsung's share slipped to lowest ever in several years as Chinese players like Realme, Oppo and Vivo ate up its market

DeBeers to rollback return facility next month as scene improves

The over 130-year-old company had relaxed return policies for its sightholders in last couple of months

After Neumann's exit, WeWork in talks to hire T-Mobile's John Legere as CEO

SoftBank Chief Operating Officer Marcelo Claure became the executive chairman of WeWork parent The We Company, following its bailout by the Japanese firm.

Price war in India's telecom market: Vodafone may suffer $1.1-bn writedown

Vodafone Chief Executive Officer Nick Read is trying to keep shareholders onside following a dividend cut by focusing on Europe and Africa, where he sees the best chance of defending profits

WhatsApp snooping: Whom did you meet, Chhattisgarh Police ask Israel's NSO

In May, WhatsApp has said it became aware of NSO Group having used a coding glitch in the messaging app that let its customers spy on some people

Sebi to auction assets of Royal Twinkle, Citrus Inn in Dec to recover funds

The properties at Alappuzha in Kerala will be auctioned on December 4 at a total reserve price of a little over Rs 19 crore

ONGC may revise terms of production-boosting plan for 64 oil and gas fields

Industry sources said the revised terms might have to be again cleared by the Cabinet

NIIF Infrastructure Finance set for a tax dispute with I-T department

The company is seeking an exemption since 2015, while the I-T department has notified the fund only from April 1 this year

Masdar invests $150 million in Hero Future Energies

IFC to pump in another $125 million in the company

PFS to raise Rs 500 cr in equity; looks to bring down gross NPA under 4%

The company has also become the first NBFC to avail of the RBI's credit enhancement scheme by raising Rs 250 crore in bonds from LIC

SBI to raise Rs 3,500 cr via tier I bonds to strengthen capital adequacy

Rating agency ICRA has assigned a rating of AA+ (hyb) with stable outlook for the Basel III-compliant tier-I bonds

Prosus-owned OLX invests $400 million in FCG's used car business

In India, OLX and FCG have a joint venture that operates OLX CashMyCar stores across almost 17 cities