Page 6 - Chief Executive Officer

Birla Corp posts Rs 56.4-crore net loss in Q2, appoints new MD & CEO

The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers

Zoho Corp revenue hit $1 billion in 2021, India business grew 77%

Company plans to double investments in blockchain and AI

Recession, climate change, Ukraine war: Kant lists challenges before G20

The former Niti Aayog chief executive said that climate change was another big crisis that the world faced, impacting larger nations, as well as threatening to submerge smaller island nations

'$8 for all': Elon Musk on fees for blue-tick Twitter verification

'Power to the people', says social media platform about subscription for verified status

Musk warns impersonating Twitter accounts may lead to permanent suspension

Over the weekend, several Twitter accounts had changed their name to "Elon Musk" or to usernames that suggested those handles were of the tech billionaire

Ajit Mohan quits as head of Meta India; Manish Chopra interim chief

Meta Platforms announced that Ajit Mohan, Vice President and Managing Director of its India unit has stepped down from his role to pursue another opportunity outside of the company

Vodafone Idea Q2 loss widens to Rs 7,595 crore on higher expenses

Gross revenue in the second quarter of FY23 increased by 12.8 per cent YoY to Rs 10,614 crore

UCO Bank net profit up 145% at Rs 504 cr in July-September quarter

Net NPA reduced to Rs 2,700.29 crore in Q2FY23 from Rs 3,854.33 crore as on Q2FY22 and from Rs 3,103.82 crore as on Q1FY23

Mahindra Lifespaces Developers logs net loss of Rs 8 crore in Q2

The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr

Wipro announces appointment of Amit Choudhary as chief operating officer

Wipro Limited announced the appointment of Amit Choudhary as Chief Operating Officer (COO) and member of the Wipro Executive Board

Cognizant introduces 'two merit cycles' for employees to rein in attrition

Cognizant Technology Solutions has introduced a one-time, 'two merit cycles' for calendar year 2022 (CY22) for its employees to arrest attrition

Retail leasing rises 114% Y-o-Y, crossed 3.4 mn sq ft in 9 months: Report

Hyderabad, Delhi- NCR, Mumbai, and Bangalore account for 79% of overall retail space absorption

BOI Q2 net down 8.65% YoY on rise in provisions for standard assets

Earnings, asset quality profile improve for public sector lender

India's taxes on crypto transactions may 'kill the industry': Binance CEO

Binance Holding CEO Zhao "CZ" Changpeng said India's onerous taxes on cryptocurrency transactions will probably "kill the industry"

As rural demand weakens, FMCG distributors offer more credit to retailers

The frequency with which distributors procure stocks from companies has reduced

FPIs regain risk appetite, pump in nearly Rs 8,430 crore in October

US and European markets gained in October after a sharp sell-off in September

Rising offshore revenue to be growth huge lever for years: Coforge CEO

The IT solutions provider has posted a consolidated net profit of Rs 220.6 crore for Q2FY23, up 36.6% YoY. Its revenue growth was driven by offshoring expansion

Tata Steel Q2 net profit down 87.3% to Rs 1,514 cr over decline in margins

Revenues from operations at Rs 59,877.52 crore was marginally down from Rs 60,387.13 crore in the year-ago period

Market value up, but volumes declining in India: Unilever CEO Alan Jope

The consumption weakness is due to the impact of inflation, particularly in rural areas, he said

Software delivery firm Devtron raises $12 mn funding from Insight Partners

Start-up will use financing to expand team, promote its platform and expand business