Page 861 - Company News

TCS to Cognizant: Who is the highest paid CEO in Indian IT sector?

Cognizant's filing with Nasdaq mentioned the CEO's performance stock units (PSUs) and restricted stock units (RSUs)

Srinivas Pallia sold his entire stake in Wipro before taking over as CEO

On April 6, Wipro, the fourth largest software services firm in India, announced the unexpected departure of former CEO Thierry Delaporte and Pallia was made the top boss

Making iPhone camera modules in India: Apple in talks with Titan, Murugappa

Apple is in talks with the Murugappa Group and Tata Group's Titan Company to produce sub-components needed for iPhone camera modules

Zee's plan to gun for growth on its own holds perils as well as promise

Analysts are waiting for a big move on the free-to-air market, either by going back on DD Freedish or by doing a big deal with YouTube, the largest video platform

India leads use of hybrid multi-cloud with 44% of companies using it: Study

Focus on cloud-smart deployments: 99% of IT professionals in India are focused on taking a "cloud-smart" approach to their infrastructure strategy

Quantum MF objects to scheme of merger of ICICI Securities with ICICI Bank

Overall, 72% of public shareholders voted in favour of the delisting scheme

Japanese consortium to invest $370 mn in Natural Gas Transition Platform

The infrastructure investor said the platform will also increase investments to boost the consumption of renewable natural gas or biogas in India and use of green hydrogen using the city gas network

Mahindra Group to invest nearly Rs 1,200 cr in renewable energy projects

Mahindra Group will develop a 150 MW hybrid RE (Renewable Energy solar + wind) project at a total project cost of about Rs 1,200 crore, said Mahindra Susten

Byju's India CEO Arjun Mohan moves on, company divided into three divisions

Byju's is consolidating its businesses into three focused divisions. These include The Learning App, Online Classes and Tuition Centres, and Test-prep

Vodafone Idea earmarks Rs 5,720 crore to roll out 5G wireless network

Plans to use Rs 18K cr FPO's proceeds to upgrade infra, clear deferred payments; govt holding will dilute to 24% from 32% currently

New orders point to further gains for Hindustan Aeronautics stock

HAL is the primary supplier of India's military aircraft, helicopters, engines, avionics and accessories and the main provider of maintenance for defence aerospace

Jio Financial-BlackRock JV to launch wealth management, broking business

The two firms had earlier inked a tie-up in July 2023 to step into the over Rs 50 trillion mutual fund market in India

Tesla scouts for 1st India showroom locations; plans to begin sales in 2024

It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans

Aspire to further expand operating profit margin: TCS CEO Krithivasan

There are a slew of levers available to widen the number like fixing the pyramid, mix pushing its utilisation, and also upping deal pricing, Krithivasan told PTI in an interview

Vedanta secures 11-year Rs 3,900 crore loan from PFC, says report

The group plans to increase the operating capacity of its power business in India to 4.8 GW by FY27, sources with knowledge of the matter said

Brokerage firm Groww seals top spot with nearly 23% market share

Rival Zerodha trails, market share slipped to 17.9 per cent

Aster DM Healthcare lines up Rs 1k cr to ramp up bed capacity in 3 years

The healthcare company plans to add 1,700 beds by 2026-27 through organic and inorganic routes

Brigade Enterprises to invest Rs 400 crore to build office space in Chennai

This will be the next commercial project launched by Brigade Group after the successful completion of the 'World Trade Centre' on OMR

Deepika Padukone co-founded 82°E partners with Reliance Retail's Tira

Through this collaboration, 82°E, which operates in skincare, body care, and men's ranges, will have a first-time retail experience through an offline presence, according to a statement

Fitch expects HCLTech's revenue to grow by 8% in FY24-27, retains rating

Fitch attributed HCLTech's solid market position, diversified customer base, no country ceiling constraint, and robust profitability as some of the key drivers that led the rating