Page 777 - Company News

HMSI sees 45% jump in May domestic sales; Bajaj Auto sales flat at 355,000

HMSI's exports increased to 41,458 units last month from 18,249 units in May 2023, the company said in a statement

Few AI deepfakes identified in EU elections, says Microsoft President Smith

'We have to recognise the risks that AI can create in the context of creating abusive content and one form of abusive content would be AI generated deep fakes,' Smith said

Tech Mahindra subsidiary Comviva names Rajesh Chandiramani as CEO

Chandiramani took over the baton from Manoranjan 'Mao' Mohapatra, who retired in May 2024. Mohapatra will continue to serve on the Comviva Board as a non-executive director

BluSmart launches 100% all-electric premium limousine service in UAE

Ride-hailing app said that its chauffeur-driven luxury service in Dubai will commence with a premium Audi e-tron car fleet

Japan Airlines signs a codeshare pact with IndiGo to expand its services

Japan Airlines (JAL) and IndiGo have agreed on codeshare partnership which will benefit the customers by providing more travel options between Japan and India, a statement said

Byju's processes employees' salaries for May from business collections

Last year, the founders of the edtech firm had to pledge their house to raise debt for paying employees' salaries

NITES seeks probe from Labour Ministry as Infosys delays new hires

Nascent Information Technology Employees Senate (NITES) has demanded the affected professionals be given full salary payments for the period during which onboarding has been delayed

Ola Electric planning to layoff 400-500 employees to streamline operations

Ola Electric's IPO application is currently under review by the Securities and Exchange Board of India (Sebi)

'Avoid ordering during peak afternoon': Zomato asks customers amid heatwave

With many parts of the nation experiencing a prolonged heatwave, Zomato has asked its customers to avoid ordering food during peak afternoon hours unless absolutely necessary

Zerodha hit by tech glitch, users face issues with kite web access

Zerodha down: The outage coincided with a surge in the stock market, driven by exit polls projecting a third term for PM Modi's government in the 2024 Lok Sabha elections

Two years since, Adani Cement have aimed for market inefficiencies

The entry, cement executives suggest, has either had zero impact or appears to have accelerated consolidation and its benefits for larger players

Tamil Nadu likely to be hub for Tata Motors-JLR's electric vehicle exports

Tata Motors is working on multiple options at the plant, where it plans to invest Rs 9,000 crore over five years

LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore

LIC trimmed its stake in group flagship Adani Enterprises from 4.26 per cent to 3.93 per cent over the past year

Income tax department imposes penalty of over Rs 4.68 crore on L&T

The income tax department has imposed a penalty of over Rs 4.68 crore on Larsen & Toubro Ltd, according to a regulatory filing.

Feud in Godfrey Phillips: Samir Modi files FIR against mother Bina

According to the complaint filed by Samir, KK Modi's younger son, he was invited to the board meeting on Friday

Amul milk price hiked by Rs 2 per litre across all variants from June 3

This price hike is being done due to the increase in the overall cost of operation and production of milk

Legacy issues behind us, PNB on track to outperform competition: MD Goel

PNB topped the chart recording the highest profit growth of 229 per cent among the 12 public sector banks during the fiscal ended in March 2024

UST acquires Endeavor Consulting Group for an undisclosed amount

Founded in 2006, Endeavor serves clients in North America and Europe and has expertise in life sciences sectors

3 GMs to take charge of TMB operations after Sankarasubramaniam's exit

Krishnan had resigned from the post of MD and CEO of the Tuticorin-based bank, on September 28 last year, citing personal reasons

Meganet set to log Rs 1,000 cr revenue in next two years, says CEO Pipada

The CEO exuded confidence in the company's capabilities and said the homegrown firm is set to achieve a 30-40 per cent revenue growth in FY25