Page 870 - Company News

Maruti Suzuki eyes export of 300,000 units in FY25, 800,000 by 2030

Maruti Suzuki India Executive Director Corporate Affairs Rahul Bharti said the company's strategy is aligned with the government's vision to capture a larger share of the global trade

Virgin Atlantic jet collides with another plane at Heathrow; no injuries

Heathrow said that no passenger injuries have been reported and we do not anticipate there to be any ongoing impact to airport operations

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group

The approvals are part of the company's plans to raise Rs 20,000 crore of capital to fund its operations and lower its debt burden

Wipro CEO Thierry Delaporte steps down, Srini Pallia takes charge

Delaporte will continue in his role until the end of May, working closely with incoming CEO Pallia and Wipro Chairman Rishad Premji

Tesla's low quarterly sales spark concerns over company's future growth

The growth issue around Tesla has become so sensitive, that a report on Friday saying the company was getting rid of its low-cost EV plans which were considered key to fixing its demand problem

Businesses of saving planet, sustainability can prosper: Uday Kotak

Wish for India to see it in the third place in the next five years as an absolute GDP

India must keep e-scooter subsidies to boost adoption, says Ather CEO

India's e-scooter market is small but growing, accounting for 5% of total two-wheeler sales in fiscal 2023-2024

Embassy REIT to acquire business park in Chennai for Rs 1,269 crore

The business park ESTZ comprises 1.4 million square feet of completed area, which is 95 per cent occupied and leased to large global companies such as Wells Fargo and BNY Mellon, among others

Wipro CEO Thierry Delaporte resigns; Srinivas Pallia named successor

Srinivas Pallia, who was the CEO for the company's Americas 1 area, will take over as the new CEO and Managing Director from April 7

Over 98% pilots signed new contract, ops to stabilise soon: Vistara CEO

The full service carrier faced significant disruption in operation earlier this week due to the non-availability of crew and many flights were cancelled

Cognizant defers annual salary hikes to Aug 1, says 'recognises hard work'

Nasdaq-listed information technology company employs some 250,000 people in India

JSW Energy announces completing Rs 5,000 cr QIP to fund growth plans

The company, in a disclosure earlier, had said the proceeds would be used for investments in JSW Neo Energy, a subsidiary which holds green energy assets and repayment of certain borrowings

JSW Energy raises Rs 5K cr by selling shares to investors, including ADIA

Some of the largest global asset managers, such as GQG, Blackrock, Nomura, Wellington, UBS and ADIA, participated in the QIP issue

Cognizant defers salary hikes by four months to August 1, says report

Cognizant said that the majority of its associates have seen four merit increases within 3 years, with the last cycle being April 1, 2023

Indiabulls Real Estate to raise Rs 3,911 cr from Blackstone Group, others

The move is aimed at recapitalising its balance sheet and positioning the company for organic and inorganic growth purposes

Indian pipe manufacturer Global Seamless to invest $35 million in Louisiana

Howrah-based Global Seamless Tubes & Pipes exports its products to industry customers in more than 10 countries worldwide

Indiabulls Real Estate to raise Rs 3,911 Cr through issuance of shares

Global investment firm Blackstone will invest Rs 1,235 crore, while the Bengaluru-based Embassy Group will infuse Rs 1,160 crore

Nestle India approves hiking royalty payment by 0.15% annually for 5 yrs

The board has recommended the same for approval by the shareholders of the company through a postal ballot, it said

ZEE layoffs: CEO Punit Goenka to cut workforce by 15% in a bid to cut costs

Zee Entertainment Enterprises has proposed the implementation of a lean and streamlined management structure to the Board

RBI imposes monetary penalty on IDFC First Bank, LIC Housing Finance

Reserve Bank of India has imposed monetary penalty of Rs 1 crore on private sector lender IDFC First Bank for non-compliance with certain directions issued by regulator on Loans and Advances