Page 787 - Company News

India is a 'bright spot', will lead the next decade: N Chandrasekaran

Tata Consumer Products on 'transformative journey' to serve Indians, he says in company's annual report

With expansion on mind, JSW Energy builds money purse, human capital

In April, JSW Energy completed a fund raise of Rs 5,000 crore through the qualified institutional placement (QIP) route

'Volkswagen in talks about passenger car production partnership in India'

The comments come after Volkswagen in February signed a supply agreement with India's Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles

Reliance, Disney seek antitrust nod with cricket rights assurance: Report

The deal is set to reshape India's $28 billion media and entertainment market, where the Reliance-Disney combo will compete with Netflix, Amazon Prime, Zee Entertainment and Sony

Air India announces salary hike, annual performance bonus for pilots

The new compensation structure, effective April 1, will see first officers and captains receive a monthly salary hike of Rs 5,000, while commanders' pay will be raised by Rs 11,000

HCLTech to acquire certain assets of HPE's Communication Tech for $225 mn

This transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in six to nine months

Boeing sees negative free cash flow in 2024 as deliveries remain sluggish

Top U.S. enforcement officials are also weighing whether to charge the company for violating an agreement that shielded it from prosecution stemming from previous jet crashes in 2018 and 2019

JSW Paints breaks even at operating level in FY24, revenue crosses Rs 2k cr

The company attributed the rise in gross revenues to a significant ramp-up in both decorative paints and industrial coatings businesses

After collapse of merger talks, Zee seeks $90 mn termination fees from Sony

Zee said it has, on account of Culver Max's and BEPL's breaches under the merger cooperation agreement, terminated the agreement by issuing a letter dated May 23

Google logs into Tamil Nadu for drone unit; may rope in Foxconn for Pixel

The US tech giant will manufacture drones in the state through its subsidiary Wing LLC, giving a leg up to India's plan to become a drone making hub of the world

Air India gives increments to staff, announces performance bonus for pilots

This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago

Boeing faces 'long road' on safety issues after door accident: US FAA

In late February, FAA Administrator Mike Whitaker gave Boeing 90 days to develop a comprehensive plan to address 'systemic quality-control issues' and barred it from expanding 737 MAX production

Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales

The company's SU7 currently has four models, with prices ranging from 215,900 to 299,900 yuan. As of May 15, Xiaomi has delivered 10,000 EVs

Sterlite Power gets stakeholders' nod to demerge its biz into 2 entities

Move to unlock funding avenues for the power equipment business: MD Pratik Agarwal

Domestic travel, tourism sector ready to capitalise on upcycle: IHCL MD

This evolving landscape is marked by a heightened consumer awareness and a stronger preference for brands

IndiGo to introduce business class in flights on busiest routes this year

Details on product offering, launch date and routes will be unveiled around its 18th anniversary in August

Consultations underway at MCA for expansion of audit firms in India

These discussions have involved representatives from notable firms who have independently submitted their recommendations to the ministry

Google picks Tamil Nadu for production of smartphones, drones: Report

The Alphabet Inc. unit plans to assemble Pixel phones in the state, setting up new production lines with Taiwanese contract manufacturing partner Foxconn Technology Group

Zudio sold 90 t-shirts, 17 lipsticks each minute in FY24, entered 46 cities

Tata Group's fashion chain appeals to young Indians looking to refresh their wardrobe regularly, says annual report of parent company Trent

Page Industries Q4 earnings miss on high inventory costs, muted demand

Soaring inventory costs hit Page Industries' bottom-line even as post-COVID demand for its innerwear and athleisure collections stayed steady