Page 102 - Companies

Vodafone CEO Nick Read to step down from the post by end of month

The mobile group's chief financial officer Margherita Della Valle will take over as interim group chief executive, Vodafone said

Air India leases 6 more planes to expand international flight operations

The 30 planes leased in September are expected to be inducted in the airline's fleet by 2023-end and the other 6 by June 2023

Firms' PAN to be identifier for govt single window clearance system

PAN database has relevant information about companies, says commerce minister Piyush Goyal

Shreehas Tambe elevated as MD & CEO of Biocon Biologics effective Monday

He was earlier the firm's deputy CEO; Outgoing MD Arun Chandavarkar to remain on co Board

Apple to soon overtake Samsung as India's top smartphone exporter: Report

From a minuscule share in India's phone exports a year ago, Apple's share has risen to $2.2 billion during April and October

Amazon may lay off up to 20,000 employees to streamline costs: Report

In the last few days, Amazon has reportedly asked the managers to identify performance problems among the employees

These Chinese carmakers bought their own ships to make exports smooth

With the vessels in question not expected to come online for several years yet, it's a bold bet on lasting global consumer demand for Chinese cars

Adani poised to be largest shareholder in NDTV as open offer subscribed 32%

Billionaire Gautam Adani's group has found investors willing to sell over 53 lakh shares of NDTV despite the deep discount to the stock's current trading price, giving it the rights - which it may or may not exercise - to nominate a chairman of the broadcaster. The open offer, made after Adani group acquired a little known firm that gave it an indirect holding over 29.18 per cent stake in New Delhi Television (NDTV), closes on December 5, according to a stock exchange notification. Against the offer to buy 1.67 crore shares, or 26 per cent of equity - from NDTV's minority investors at a price of Rs 294 apiece, Adani group has received offers for 53.27 lakh shares, according to data available on the National Stock Exchange (NSE) website. Corporate investors have offered the most at 39.34 lakh shares while retail investors have offered a little over 7 lakh shares. Qualified institutional buyers (QIBs) have tendered 6.86 lakh shares, according to the NSE data which did not identify ...

Samsung, Zigbang partner to unveil unique UWB-based smart door lock

Tech giant Samsung has partnered with proptech startup Zigbang to unveil a smart door lock with an Ultra-Wide Band (UWB) chip.

IBBI chief bats for putting valuation of IBC entities in public domain

The board has amended its regulation to allow IPEs to register as insolvency professionals and perform all their functions, including managing a company's operations

Global FinTech firm FIS issues pink slips to over 400 employees in India

Move comes a year after firm's plans to hire 10,000 people in the country; more likely to be axed in restructuring exercise; final settlement likely within five days from separation date

Centre finalises easy template for online filing of consumer complaints

The government on Friday said it has finalised a template for online filing of consumer complaints through e-daakhil, which will lead to easy admission of genuine cases in the consumer commissions. Addressing a day-long workshop in Guwahati on consumer protection-related issues in the north eastern region, Consumer Affairs Secretary Rohit Kumar Singh said: "...the template will be very soon deployed and proliferated in the system and thereby commissions may expect a rise in number of cases being filed through e-daakhil throughout the country." The template comprises standard fields and once all the mandatory information is provided, commissions can easily admit the genuine cases, he said. There has been a steep rise in consumer grievances related to the e-commerce sector on the National Consumer Helpline (NCH). Out of the 90,000 complaints registered on NCH every month, 45-50 per cent of the total complaints pertain to e-commerce, an official statement said quoting the ...

Air India ropes in Futurebrands to redraw its branding strategy: Report

Futurebrands has earlier worked on rebranding the American Airlines and luxury auto brand Bentley

Want a four-day work week? Show the results of research to your boss

Data released Tuesday show the organizations involved registered gains in revenue and employee productivity, as well as drops in absenteeism and turnover

Elon Musk's Neuralink hopes to implant computer in human brain in 6 months

In typical fashion for an Elon Musk venture, Neuralink is already bounding ahead, aiming implants at other parts of the body

Online British fashion retailer Boohoo partners with India's Myntra

Online fashion retailer Boohoo said on Wednesday it was entering the Indian market through a deal to feature its brands on Walmart Inc-owned online fashion site Myntra

CIEL HR acquires talent assessment company, plans IPO in Q2 of FY24

Skilling solutions firm is in talks to acquire two other professional staffing companies before its goes public

Rescuing companies before it is too late

The longevity of companies is in danger today. It is as much the responsibility of the State as of the stakeholders to prevent their premature death

Honda Cars India's domestic wholesales up 29% in Nov to 7,051 units

Honda Cars India on Thursday said its domestic wholesales increased 29 per cent to 7,051 units in November 2022 as compared to the same month last year. The company had dispatched 5,457 units to dealers in November 2021. Exports last month stood at 726 units as compared with 1,447 units in the year-ago period. Riding on the back of relatively better economic prospects, the demand for cars has continued well post the festive season and this momentum is also visible in our sales numbers, Honda Cars India Director, Marketing and Sales Yuichi Murata said in a statement. The company is positive that the trend will continue and it will be able to cater to the growing demand as the country goes back to the pre-pandemic mode, he added.

TVS Motor sales increases marginally by 2% to 277,123 units in Nov

TVS Motor Company on Thursday said its sales increased by 2 per cent to 2,77,123 units in November. The company had dispatched 2,72,693 units in the year-ago period. The domestic two-wheeler sales registered a growth of 9 per cent increasing to 1,91,730 units last month as against 1,75,940 units previous year. The company said its total exports stood at 84,134 units last month as compared with 96,000 units in the same month last year.