Page 681 - Company News

Paytm to cut remuneration of its board members, cap annual pay at Rs 48L

Currently, the annual salaries of non-executive independent directors of Paytm's board members runs into crores

Roadmap to profitability laid out, electric car off table: Bhavish Aggarwal

He was responding to a query on Ola Electric's roadmap to profitability, as it remains a concern despite the company's share price almost doubling from the listing price of Rs 76

Premji Invest, Claypond in $125 mn talks for minority stake in Akasa Air

The raised funds are expected to support Akasa Air's expansion plans and cover pre-delivery payments for new aircraft

CCI warns staff over unauthorised media contacts, information disclosure

CCI is investigating high-profile companies and reviewing deals involving the likes of Amazon, Walmart's Flipkart, Reliance, Walt Disney and liquor maker Pernod Ricard

Ireda to float FPO of Rs 4,500 crore; firm to take nod in meeting on Aug 29

The only green NBFC had launched its IPO in December 2023, move in line with sector's growth

SaaS firm Perfios appoints former Infosys executive Rajesh Kini as CFO

Kini is a Chartered Accountant and holds a bachelor's degree in commerce

Realty firm Shriram Properties targets Rs 5,000-cr annual sales by FY27

The realtor aims to achieve cumulative sales exceeding 20 million square feet over the next three years

Former Tech Mahindra India President Mitra launches a new venture

Humanize is a GenAI-first SaaS venture that also integrates low code/no code solutions

Rajesh Nambiar appointed nasscom president-designate, succeeds Ghosh

With this appointment, Nambiar also resigns from his current position at Cognizant. He was Chairman and Managing Director of Cognizant India

Hindustan Zinc dividend sweetens deal for offer for sale investors

Commodity major declares second interim dividend of Rs 19 a day after OFS concluded

Amul strongest food brand in the world in 2024: Brand Finance report

Amul shares its prestigious AAA+ brand strength rating with Hershey's, though the latter saw a slight 0.5% dip in brand value to $3.9 billion, placing it second after leading the list last year

Lenders ask KSK Mahanadi Power Company bidders to better Adani offer

Adani has offered Rs 27,000 cr for Chhattisgarh project

Maruti to talk CBG production expansion with Centre: Suzuki Motor

This contrasts with its total vehicle sales of 427,000 units in the first quarter of 2023-24, which grew 1.2 per cent Y-o-Y

Paytm proposes to cap salaries for certain board members to save costs

Paytm's independent board members will earn a maximum annual compensation of up to Rs 48 lakh ($57,228), the company said in a release

IndiGo to challenge order imposing penalties related to input tax credit

In Odisha, a penalty of Rs 1,77,046 was imposed on the company related to Goods and Services Tax (GST)

CIL actively pursuing acquisition of critical minerals, says chairman

Critical minerals, including lithium, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars

French retailer Decathlon to invest around Rs 900 cr in India in 5 years

Aims to take local sourcing up to 85% by 2026 from 68% currently

ICICI Securities settles matter with Sebi on alleged non-compliance

The broking outfit agreed to pay Rs 69.82 lakh for settling the charges

Paytm to refocus on delivering sustainable, profitable biz model: Sharma

This comes after One97 Communications, the company operating Paytm brand, handed pink slips to employees in the March quarter of FY24

Amazon's home, kitchen segment witnesses 25% growth in FY24 in Odisha

The company also registered a 15 per cent growth in new customers in Odisha which is one of the fastest-growing states