Page 3681 - Company News

Adi Godrej's FY19 remuneration 114-time higher than median employee pay

As per the report, Godrej's total remuneration in FY19 stood at Rs 6.07 crore, down 20 per cent from the previous year

Maruti Suzuki slashes production by 16% in June, posts fifth cut in a row

The car market leader had cut total production by over 18 per cent in May

20% tax on buyback may put firms with high promoter shareholding in a fix

Under the current framework, the dividend distribution tax borne by the company is effectively taxed at the rate of 20.56 per cent

One drop at a time: How India's textile companies are saving water

The real game changer for these companies is the adoption of methods that curtail water usage in the first place

Digital entertainers battle experience challenge as viewership figures rise

As data costs reduce, and content availability increases, the report expects the Indian consumer to spend up to 3.5 times more time watching content on digital platforms

Saudi budget airline flyadeal picks Airbus jets over grounded Boeing MAX

Flyadeal has been reconsidering a commitment to order the Boeing jets after two MAX aircraft crashed in Ethiopia in March and Indonesia last October

NCLT Mumbai asked to pass order on Videocon Cos insolvency plea in 3 weeks

The appellate tribunal said that it appears that even on April 16, 2019, when the matter was listed, order had not been pronounced

Tea firms to approach Centre to seek exemption from TDS on cash withdrawals

Around 60 per cent of the total cost of production comprises of wages (both in cash and in kind) which is paid in cash

Coal India arm to fly drones in fields by August, will buy two initially

The company is on the lookout for UAVs with extremely high endurance time and a massive payload capacity

Carcinogens in drug: US FDA seeks full re-evaluation in all Aurobindo units

Firm may have a tough task ahead improving manufacturing practices across the board through remediation running into months and years

Pepsi approaches NCLAT for release of its machinery from Oceanic Tropical

Company had supplied machine for producing juice, Mirinda cups to Oceanic Tropical, which is undergoing liquidation

KPIT eyes its top 25 automotive clients to build revenue momentum

Pune-based engineering firm is looking at posting a revenue growth of 18% in the ongoing fiscal

Outsourcing deal concerns IT firms, weakness in BFSI could impact: Experts

According to brokerage Prabhudas Lilladher, growth in technology spending atn BFSI clients in the US and Europe may be muted in 2019-20

Mindtree set for top brass revamp as 3 founders resign after L&T's takeover

Meanwhile, L&T has started its hunt to fill in the leadership positions at the IT services firm with names of at least three external candidates and one internal candidate doing the rounds

Top Indian cities see 10% hike in office leasing in June quarter: Report

Occupiers remain bullish about the business environment in the country as they continue to expand at a robust pace

Reliance Power disagrees with CARE ratings on its subsidiary Sasan Power

Reliance Power said Sasan has always been regular on debt service without taking any support from its parent company

Indian Patent office turns down invention-related application of Facebook

'No novel and/or inventive hardware features are defined in the claims', said the patent office

Recko raises $1 million seed funding from Prime Venture Partners

The fintech startup provides AI-powered reconciliation for digital transactions; has processed transactions worth $2 billion in the first 12 months since launch

Tata JLR unveils major electric car investment plans for UK

The company said these critical steps will also support and grow the existing supply chain, making the UK less dependent on essential materials sourced abroad today

Mindtree co-founders resign from board, company as L&T takes control

IT major announces resignations of chairman Krishnakumar Natarajan, vice chairman N S Parthasarathy and CEO Rostow Ravanan