Page 118 - Companies

SAT gives relief to Brickwork Ratings, stays cancellation of licence

But keeps Sebi ban on taking up new clients

Strong leasing activity to benefit Real Estate Investment Trusts

But slowdown in the US and rising interest rates could pose risks

5G has limitation, won't replace fixed-line broadband: Excitel CEO Raina

Wireless internet technology doesn't support unlimited data usage, says leader of fixed line broad company

In a first, India's monthly mobile phone exports touched $1 bn in September

Monthly mobile phone exports from India touched the $1 billion mark for the first time ever in the month of September this year

Moonlighting: Why service companies are missing the wood for the trees

Both by sacking employees for moonlighting and insisting they turn up to the office daily, employers disregard both productivity and employee morale

Tatas mull exit from UK steel business on lack of government support

Tata Sons is considering Tata Steel's exit from its UK operations because of the absence of support from the British government for transition to green energy

Top headlines: India Inc's overseas fundraising, Vistara-AI merger talks

From Vistara-Air India merger discussions to India Inc's fundraising, here are the top headlines on Friday morning

Manipal Health may launch IPO after deal to buy AMRI Hospitals

Manipal Health is India's second-largest hospital chain, is estimated to have 8,700 hospital beds

S&P Global withdraws rating of Adani Transmission at firm's request

S&P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company's request

Employers likely to engage more apprentices in 2nd half of this yr: Report

A significant percentage of employers are likely to increase their apprentice pool in the second half of 2022, as companies look at leveraging apprenticeships as the key source of talent, says a report. According to the Apprenticeship Outlook Report for H2 (July-December 2022) by TeamLease Degree Apprenticeship, 77 per cent of employers are likely to increase their apprentice pool in H2 2022, which was 45 per cent in H2 2021. The Apprenticeship Outlook Report is based on a survey among 789 employers covering 12 cities and 24 sectors capturing the appointment sentiment for the period HY (July to December) 2022. The report further revealed that out of 24 sectors, employers across 12 sectors have improved their Net Apprenticeship Outlook (NAO) by 10 per cent or more for the time period. The electrical and electronics sector tops the list, followed by aerospace & aviation and engineering & industrial, which are driving talent demand in the form of apprentices, it said. In ...

Veranda Learning unit to acquire JK Shah Classes for Rs 337.82 cr

J K Shah trains chartered accountancy, company secretary and cost accountant aspirants

Govt fines Ramban Tunnel contractor Rs 8.5 cr for collapse that killed 10

The highway authority has ordered the immediate removal of key personnel involved in the project and their debarment for a period of one year

Moonlighting a 'question of ethics', says Wipro CEO Thierry Delaporte

Weeks after Wipro fired 300 of its employees for moonlighting, the company's CEO Thierry Delaporte on Wednesday said that while little side jobs were fine, working for a competitor is a "question of ethics". With record-high attrition rates adding to the woes of the Indian IT industry as companies face cost overloads and margin pressures, Wipro reported a marginal dip in attrition rate and said it will pay out 100 per cent variable pay to 85 per cent of the staff. Last month, Wipro Chairman Rishad Premji revealed that some 300 employees were fired as the IT services company has no place for any employee who chooses to work directly with rivals while being on Wipro payrolls. On Wednesday, at the second-quarter earnings press conference, Delaporte said Wipro contracts stipulate not taking up a side job with a competitor. Employees signing up for the company are expected "not only to dedicate time for Wipro but also keep time for themselves and for families," he said. It is "perfectl

IndiGo, SpiceJet to wet lease aircraft in the winter to enhance capacity

Wet leasing is an arrangement where the lessor provides an aircraft along with crew and maintenance, and has operational control

M&A activity touches all time high in 2022, 58.2% higher than 2021: Report

In Private-Equity (PE)-backed M&A activity, India crossed China for the first time since 2008 accounting for 28 per cent of the market share as compared to China's 24 per cent

E-commerce solutions provider Assiduus Global raises $15 mn in funding

The company will use the financing to improve its technology and expand its business

D2C footwear start-up Yoho raises Rs 20 cr in pre-series A funding

Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards

Intel plans thousands of job cuts to manage cost amid PC market slowdown

Intel will announced the layoffs as early as this month, with the company planning to make the move around the same time as its third-quarter earnings report on October 27

What is 'Google Tax' or Diverted Profits Tax and the Singapore case?

Diverted Profits Tax, commonly known as "Google tax", refers to tax provisions designed to counter the practice of profits being diverted to other jurisdictions that have lower or zero tax rates

TCS to give full variable pay to 70 per cent employees in Q2FY23: Report

In Q2FY23, TCS saw an eight per cent year-on-year (YoY) jump in its net profit to Rs 10,465 crore, beating the estimates