Page 3518 - Company News

Microsoft CEO Satya Nadella gets 66% raise in 2018-19, earns $42.9 million

While Nadella, 52, has a base salary of a little over $2.3 million, most of his pay came from stock awards

HDFC Bank Q2 preview: Profit seen 22% higher; growth in retail loans eyed

For the recently concluded quarter, the slippages are expected to show mixed trend as analysts eye stable numbers from the agri-sector but warn of stress in the retail space

Car parts supplier Brose to cut 2,000 German jobs as auto sector struggles

Brose Group is a family-owned company and employs 26,000 workers globally.

BSNL is in strategic interest of nation, we are looking into issues: Prasad

The debt-ridden PSU has not been able to pay salaries of employees for September

Home Credit India ties up with Karur Vysya Bank for joint lending

Under the agreement, HCIN and KVB will disburse loans in a single amount to customers

Sale of durable products yet to pick up beyond major urban conglomerates

While the end of the current festival season is less than a fortnight, most large-scale manufacturers are yet to register healthy growth in primary sales

Glenmark Pharma gets USFDA approval for prostate cancer treatment drug

The approved product is a generic version of Zytiga tablets, 250 mg, of Janssen Biotech

IAG to sell stake in SBI General Insurance to Premji Invest, Warburg Pincus

SBI and lnsurance Australia Group (IAG) currently own 70 per cent and 26 per cent, respectively, in SBI General Insurance

Seasonal impact: Telecom companies may see flat ARPU growth in Q2

Telecom results will be flagged off with Reliance Jio announcing its numbers on Friday

ACC's numbers revive hopes for cement stocks amid subdued July-Sept quarter

Profitability, declining costs are positives, but demand revival key for any upside

ACC delivers a decent performance amid demand and liquidity challenges

The operating performance should see some benefits from decling raw material costs, however demand recovery holds key for significant upside

Fairfax offloads 4.9% stake in ICICI Lombard for Rs 2,627 crore

FAL Corporation, a subsidiary of Canada-based Fairfax, sold 22 million shares at Rs 1,178 apiece via block deals, the data provided by stock exchanges showed

Mastercard says it will meet Dec-end target for data localisation in India

However, says the card payments major, restricting data flows in digital transactions will affect the quality of fraud detection and assessment

Two years later, Amtek Auto readies for its second resolution process

Three of Amtek group companies, including Castex Technologies, Amtek Ring Gears and Metalyst Forgings are each undergoing separate insolvency resolution process

Tour operators promising guaranteed departures, low cancellation charges

Your summer holiday is safe and on schedule, say travel firms

Jio says rivals fraudulently claiming IUC; asks Trai to slap penalties

In a letter to Trai, it alleged the three firms have allotted mobile numbers as customer care or helpline numbers to companies such as Oyo, Justdial, and Videocon D2H

Huawei's Q3 revenue jumps 27% despite trade tensions between US and China

The company has been granted a reprieve until November, meaning it will lose access to some technology next month

Shares of Bajaj Consumer zoom 20% after promoter sells stake

Bajaj Resources held 59.9% stake in Bajaj Consumer Care at the end of September quarter

Improving fundamentals, course correction add power to Siemens stock

Sharper business focus, relatively favourable valuations also augur well for the firm

Jio accuses Airtel, Voda-Idea of fraudulence; asks Trai to slap penalties

Bharti Airtel, however, hit back saying Jio is trying to misguide the regulator ahead the consultation on call connect charges