Page 104 - Companies

BNP Paribas Arbitrage sells 1.8 mn shares of Wipro worth Rs 73 crore

BNP Paribas Arbitrage on Tuesday offloaded over 18 lakh shares of IT major Wipro for Rs 73 crore through an open market transaction. BNP Paribas Arbitrage sold 18,00,164 shares of the company at an average price of Rs 405 apiece, according to the block deal data available with the BSE. This took the deal value to Rs 72.90 crore. On Tuesday, Societe Generale picked up the shares of the company. Shares of Wipro closed 0.12 per cent lower at Rs 405.20 per scrip on the BSE.

Fosun plans to sell of India's $3.8 billion drug maker Gland Pharma

Fosun Pharma, a listed arm of Chinese conglomerate Fosun International Ltd., has been working with an adviser as it informally gauges interest in its controlling stake in Gland, the people said

Hinduja group, Torrent, Piramal, Oaktree, bid for Reliance Capital

No takers for life and general insurance businesses of the bankrupt company, say sources

Grounded Jet Airways' cabin crew association moves NCLT for liquidation

Banks oppose consortium plea for handover of the company

Genesys appoints Paypal's Deepa Madhavan as Country Head for India

Cloud customer experience and contact centre solutions provider Genesys on Tuesday announced the appointment of Deepa Madhavan as the India-Country Head. Deepa Madhavan, in her new role would continue the development of Genesys cloud technologies and engagement of teams across all functions in Genesys India, a company statement said. She would manage, support and grow the company's research and development centre in Chennai, the second largest such facility for Genesys globally. The Chennai centre hosts employees working in product management, professional services, customer care, engineering, finance and sales and other support functions. "Deepa joins us at a time when we are pushing forward with our focus on cloud innovation, maximising customer value and driving business growth. Deepa is a people-centric leader with the ability to successfully grow and build high performing teams from the ground up," Genesys managing director and vice-president ASEAN and South Asia, Stephen Hami

Pact inked between Hyundai, SK On for EV battery partnership in US

Hyundai Motor Group said on Tuesday it has signed an initial pact with car battery maker SK On to secure batteries for its dedicated electric vehicle (EV) plant in the United States.

Most rated Cos have buffer to manage rupee depreciation, says Moody's

Most of the rated Indian non-financial companies have sufficient buffers to withstand the rupee depreciation against the US dollar, said Moody's Investors Service on Tuesday.

India's EaseMyTrip to step up acquisitions, sees strong Q3, says Co-founder

"We are looking to acquire profitable, asset-light and tech-driven businesses in travel," Prashant Pitti, co-founder of EaseMyTrip, said in an interview on Reuters' Trading India chatroom

Ashok Leyland appoints Sanjay V Jorapur as President, Human Resource head

Hinduja group flagship Ashok Leyland has appointed Sanjay V Jorapur as its president and head-human resources, the city-headquartered company said on Tuesday. Jorapur succeeds Amanpreet Singh, who would now move on to a senior role at Hinduja Group in Mumbai. "Sanjay joins a strong leadership team and brings close to three decades of rich experience to Ashok Leyland. People are foundational pillars for us to achieve our vision." Ashok Leyland executive chairman Dheeraj G Hinduja said. Sanjay will drive the 'People' agenda in line with contemporary global practices and steer the company's human resources strategy in the current transformational context, Hinduja said. Jorapur has leadership level experience in technology, engineering and automation domains. He earlier served HFCL Group as its president, group human resources, the statement said.

Centre to soon merge social security contributions by small firms: Report

Currently, the companies have to make separate payments towards the Employees' Provident Fund Organisation (EPFO) and Employees' State Insurance Corporation (ESIC)

Flipkart to go for $700 million ESOP buyback during PhonePe funding: Report

The round will readjust Flipkart's valuation from $37.6 billion to $33 billion and PhonePe will have a separate shareholding structure

iPhone 14 Pro wait times hit new peak after disruptions at China factory

Customers buying Apple's most premium devices in the US this year can now expect to wait as long as 37 days, according to Counterpoint Research

Agnikul first pvt firm to build launchpad & mission control centre in India

Development follows Skyroot Aerospace's launch of Vikram-S rocket on a sub-orbital flight from Sriharikota on Nov 18

Max Financial Services gets Irdai nod to acquire residual stake in Max Life

This transaction is expected to be completed in the next fortnight, the company said in a statement on Monday

In a first, Rolls-Royce successfully tests hydrogen-powered jet engine

The ground test, using a converted Rolls-Royce AE 2100-A regional aircraft engine, used green hydrogen created by wind and tidal power, the British company said on Monday

SaaS platform Biz2X says it plans to hire 250 people by 2023 in India

Focus is to retain the right talent keeping in perspective the layoffs happening in the start-up ecosystem, says senior VP Anupama Garg

Car sharing platform Zoomcar appoints Naveen Gupta as India's head

Domestic car sharing marketplace Zoomcar announced the appointment of Naveen Gupta as Vice President and Country Head for India

Foxconn offers up to $1,800 bonus to workers to stay in China's iPhone city

Foxconn, also known as Hon Hai Precision Industry Co., will top up wages by as much as 13,000 yuan per month in December and January for full-time workers

Will Elon Musk's plan to hire engineers in India still find takers?

Engineers wary, given Musk's unpredictability; HR experts and campuses not so much

US regulators ban Huawei, ZTE Telecom equipment on data-security risk

''These new rules are an important part of our ongoing actions to protect the American people from national security threats involving telecommunications''