Page 890 - Company News

P&G India appoints Kumar Venkatasubramanian as CEO with effect from May 1

The current CEO, L V Vaidyanathan will leave the company to pursue personal interests after 28 years of service, a statement from P&G India said

SC rejects Adani firm's plea for over Rs 1,300 cr as LPS from Raj discom

Relief of this nature (claiming LPS) cannot be asked in a miscellaneous application which was described in the course of the hearing as an application for clarification, the bench said

NexGen Energia to invest Rs 1,000 cr for setting up EV unit in J&K

The Noida-based company said it is currently in talks with the authorities in the Union Territory and scouting for 100-acre land either in the Kathua industrial area or in the Kashmir Valley

BAT starts $2 billion buyback after selling part of its stake in ITC

The London-listed company said it will purchase £700 million of its shares in 2024 and £900 million by the end of 2025

Entrepreneurs should be driven by Passion, not money, says Zomato CEO

Goyal emphasised that continuous innovation is "must" for businesses, as no business model can survive for more than a decade or two without innovation

P&G India appoints Kumar Venkatasubramanian as CEO effective May 1

Current CEO LV Vaidyanathan resigns after 28 years at P&G

Infosys founder Narayana Murthy gifts shares worth Rs 240 cr to grandson

4-month-old Ekagrah Rohan Murty, born to Rohan Murty and Aparna Krishnan, may be India's youngest millionaire

NTPC to start commercial ops of 2nd unit of North Karanpura power project

With this, standalone and group commercial capacity of NTPC will become 59,298 MW and 75,418 MW, respectively

Canada-based firm Fairfax offers all-cash deal to acquire IDBI Bank

IDBI Bank's disinvestment process began in October 2022, with LIC and the government selling their respective shares of 30.24% and 30.48%

Several of Adani's dollar bonds fell most in over six months on US probe

US investigators are digging into whether an Adani entity, or people linked to company including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project

Sun Pharma's growth pill: Specialising in specialty and scaling in India

Brokerages administer confidence boost, elevating EPS forecasts and target prices for 2024-25

A battle of delivery speeds: Blinkit, Zepto ignite quick commerce firestorm

Zepto's daily and monthly active user growth annually is faster than rivals, but Blinkit has more customers than Zepto

Fintechs lead small-ticket loans' volume with 77% market share: Study

On the value front, fintechs cornered 29 per cent of small ticket loans disbursed in FY18, which rose to 51 per cent in FY24 (till September 2023)

Despite IT slowdown, high demand for GenAI courses: Simplilearn CEO

The Blackstone-backed firm, which skills and trains people online, said that the demand for GenAI courses in India increased 195 per cent year-on-year in the first quarter of 2024

Jindal Stainless supplies steel for Kolkata's underwater metro project

The underwater metro project was inaugurated by Prime Minister Narendra Modi earlier this month

Decathlon to accelerate investments in India on production, expansion: CEO

For Decathlon, India is currently among the top ten global markets, growing 'twice the rate' of others, where it entered in 2009 and now operates a network of 129 stores, she said

Flipkart valuation declines by over Rs 41,000 cr in two years, says Walmart

Flipkart attributed the decline in valuation to the demerger of fintech firm PhonePe into a separate company. Sources, however, peg the current valuation of Flipkart in the range of $ 38-40 billion

Flipkart to pay Rs 10k for mental harassment after cancelling iPhone order

As per the complainant, a Dadar resident, he ordered an iPhone from Flipkart on July, 10 2022 and paid Rs 39,628 using his credit card

IHCL to expand skilling centers by 2025; to impart training to 100K by 2030

It is trying to play its part in bridging the demand-supply gap of skilled workforce in the hospitality industry, which has witnessed robust growth in the last couple of years after the pandemic

Mother Dairy to invest Rs 750 cr to set up 2 dairy processing plants

Mother Dairy, which is a leading milk supplier in Delhi-NCR, will also invest another Rs 100 crore to expand capacities of its existing plants