Page 474 - Company News
L&T chairman asks employees to work 90 hours a week, company backs him
Subrahmanyan's '90-hour workweek' formula is one step ahead of Infosys founder Narayan Murthy's suggestion of working 70-hours a week
 "L&T chairman asks employees to work 90 hours a week, company backs him")
Bigbasket signs MoU with AP govt to boost organic produce, market linkage
Bigbasket signs MoU with AP govt to boost organic produce, market linkage
 "Bigbasket signs MoU with AP govt to boost organic produce, market linkage")
Swiggy Instamart expands to 75+ cities, unveils plans for standalone app
Swiggy Instamart will continue to be available on Swiggy's unified app
 "Swiggy Instamart expands to 75+ cities, unveils plans for standalone app")
Hindalco arm Novelis plans to raise $750 million via 5-year bonds
Novelis intends to use the net proceeds from the proposed offering to repay US$ 738 million of outstanding debt and any remaining proceeds to fund cash on its balance sheet
 "Hindalco arm Novelis plans to raise $750 million via 5-year bonds")
Swiggy launches Swiggy Serves; aims to distribute 50 million meals by 2030
Swiggy kickstarted partnership with a few restaurant partners such as Dana Choga Restaurants, Biryani by Kilo, Dosa Anna, Charcoal Eats, Urban Tandoor, and Foodies Cart, amongst others
 "Swiggy launches Swiggy Serves; aims to distribute 50 million meals by 2030")
Eco Hotels expands into Bengaluru, to unveil 2 new hotels by early Feb
Eco Hotels is also gearing up to open two properties at Nagpur with 44 rooms and Kota with 63 rooms by the month-end or early February 2025
 "Eco Hotels expands into Bengaluru, to unveil 2 new hotels by early Feb")
TCS employee strength shrinks by 5,370 in Q3 after 2 quarters of growth
TCS has already begun its process for campus hiring in the next financial year, stating that it will continue to grow its quality talent
 "TCS employee strength shrinks by 5,370 in Q3 after 2 quarters of growth")
Emami targets Rs 1,000 crore revenue from Smart & Handsome in 3-4 years
The Kolkata-based firm has rebranded its 'Fair And Handsome' as 'Smart And Handsome' to expand appeal among millennials and GenZ
 "Emami targets Rs 1,000 crore revenue from Smart & Handsome in 3-4 years")
NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps
The NRAI is considering legal action and approaching CCI over Zomato and Swiggy's new 10-minute food delivery apps, citing anti-competitive practices and private labelling concerns
 "NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps")
Aggressive pricing for Exim Bank's $1 bn debt hints at another robust year
Exim sold 10-year dollar-denominated bonds at 5.50 per cent, a spread of 100 basis points above the US Treasury yield and 30 bps below its initial guidance
 "Aggressive pricing for Exim Bank's $1 bn debt hints at another robust year")
SAIL supplies 45,000 tonnes of steel for upcoming Maha Kumbh Mela
Prayagraj in Uttar Pradesh will host the Maha Kumbh Mela from January 13 to February 25
 "SAIL supplies 45,000 tonnes of steel for upcoming Maha Kumbh Mela")
After record sales in 2024, Mercedes plans to open 20 new outlets in India
Rapid economic growth in India has wrought a fundamental shift in attitude towards luxury purchases among its younger generations
 "After record sales in 2024, Mercedes plans to open 20 new outlets in India")
Religare AGM back on track after Madhya Pradesh High Court rejects PIL
The Madhya Pradesh High Court dismissed a PIL blocking Religare's AGM, vacating the stay on Rashmi Saluja's reappointment and allowing the Burman family's stake acquisition process to proceed
 "Religare AGM back on track after Madhya Pradesh High Court rejects PIL")
Govt plans to give LPG subsidy worth Rs 35,000 cr to IOC, BPCL, and HPCL
The three fuel retailers have kept the price of domestic LPG unchanged at Rs 803 per 14.2-kg cylinder since March 2024 despite a rise in input raw material cost
 "Govt plans to give LPG subsidy worth Rs 35,000 cr to IOC, BPCL, and HPCL")
Kochi to Ayodhya: India Ubered its way to 9.2 billion kilometres in 2024
Fastest cities to highest ratings, Uber shares highlights from 2024 in its annual review
 "Kochi to Ayodhya: India Ubered its way to 9.2 billion kilometres in 2024")
Fintech Tide eyes a million MSMEs by 2025-end, launch new solutions
Tide has crossed 500,000 MSMEs (members) on its platform within two years after its market entry, Tide in India CEO Gurjodhpal Singh said in a statement
 "Fintech Tide eyes a million MSMEs by 2025-end, launch new solutions")
Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers
Eyewear startup Lenskart is targeting a valuation of $7-8 billion and plans to list by the end of the financial year 2026
 "Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers")
Keystone Realtors sale bookings up 40% to Rs 863 crore in Q3 on high demand
During the April-December period of this fiscal, the pre-sales increased to Rs 2,174 crore against Rs 1,423 crore in the year-ago period
 "Keystone Realtors sale bookings up 40% to Rs 863 crore in Q3 on high demand")
Eli Lilly to set up global capability centre in Hyderabad, hire 1K people
The company further said it plans to employ around 1,000 to 1,500 highly-skilled professionals including technology engineers and data scientists
 "Eli Lilly to set up global capability centre in Hyderabad, hire 1K people")
Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL
The country's largest hospitality firm currently has 360 hotels under its portfolio, including 237 operational and 123 hotels in the pipeline
 "Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL")