Page 611 - Company News

Disney layoffs: Over 300 corporate positions cut amid declining profits

The latest round of layoffs follows Disney's recent 140 job cuts in its TV division, which was 2 per cent of its workforce, as well as 175 layoffs at Pixar, which represents 14 per cent of its staff

Meesho expands portfolio with Bajaj, Himalaya, Bata amid festive jingles

With the festive season approaching, E-commerce giant Meesho has joined forces with various lifestyle brands. With the deals, Meesho now sells products in 30 categories

EY employee's death prompts Big Four to relook work culture norms

The recent death of EY employee Anna Sebastian Perayil, which led to a widespread discussion about work-life balance, prompts major firms to reform their work cultures amid allegations of exploitation

SpiceJet clears GST dues after raising Rs 3,000 crore through QIP

This comes shortly after Spicjet settled all salary arrears for its employees, marking a series of positive developments for the airline

REPL Group gets registration for SM-REIT from Sebi, to launch IPO soon

This is the second SM-REIT in India to receive this registration following the new regulations

Dell Technologies mandates in-office work five days a week for sales staff

Sales staff, especially field representatives, must now balance customer engagements and office duties with a five-day workweek, up from the previous three-day office requirement

Valuation dispute halts WeWork Inc's plan to exit India after CCI nod

The sale, which involved WeWork Inc, affected by bankruptcy, and its local partner Embassy Group, was set to include a 13 per cent stake sale by Embassy Group in WeWork India

NBCC secures Rs 75 crore contract for IIIT Nagpur infra expansion

Additionally, the project will feature a canteen with the capacity to serve about 200 students and a multi-purpose hall

German major XeedQ plans quantum tech centre in Telangana, Tamil Nadu

Quantum computing is the next-generation computing technology that is expected to revolutionise computer technology in terms of speed, capability, security, and more

Outdated fleet and seats, supply woes hinder Air India's turnaround

Global shortages are hurting plans for most airlines, but the problem is more acute for Air India

Trade barriers with China will adversely impact us: NTPC Green Energy

DRHP lists several risks, of which China imports a major factor

R-Infra to consider raising long-term capital in board meeting on October 1

The company recently received Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms

Tata Electronics, PSMC complete tech transfer pact for Gujarat Fab unit

Tata Electronics has already engaged two esteemed design firms from Taiwan to create a top-tier Fab that adheres to global standards of quality, safety, and sustainability

When old is new: Refurbished premium phones a favourite this festive season

iPhones, Samsung drive demand in recommerce space

No plans to list diagnostic arm Agilus Diagnostics: IHH Healthcare

Engaging with regulator on open offer for 26.1% stake in Fortis

Indogulf files IPO with Sebi, aims to raise Rs 200 cr via fresh issue

Proceeds from the fresh issue to the extent of Rs 100 crore will be used for funding working capital requirements of the company

Hyundai India deserves valuation premium to Maruti, says Nomura note

Korean automaker's Indian unit expanding market share and benefits from being part of larger Hyundai Motor Company, it says

IBBI amends rules to enhance creditor representation in insolvency process

The board notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations 2024 on September 24

Hindustan Copper plans to increase mine production capacity to 12.2 MTPA

The company achieved ore production of 3.78 million tonnes in FY'24 against 3.35 MT in FY'23, registering a rise of 13 per cent

State Bank of India brought down Kingfisher, Air India: JKC to SC

The first tranche payment of Rs 350 crore was required to be made by March 21, 2022