Page 135 - Companies

HUL, ITC, and USL now have 432 officials earning more than Rs 1 cr a year

In the last fiscal, FY22, the number of such executives rose by 33 per cent, 44 per cent and 113 per cent in HUL, ITC and USL, respectively

HDFC Bank Q1FY23 results: Tracking firm's performance over last 4 quarters

In Q4FY22, the bank recorded a 22.8 per cent rise in its net profit year-on-year.

Quality standards for gig, shared economy players soon: top govt officials

Indian Bureau of Standards also mulling adoption of ISO benchmarks; need for standardisation also arises from increasing number of complaints received by consumer affairs ministry lately

SAVE Group plans to hire over 5,000 employees in India this fiscal

The company, which has an employee strength of 1,646 people, plans to hire for various segments like sales, credit, operations and collection

Raymond appoints Coca-Cola veteran Atul Singh to lead the Group

Singh has worked at Coca-Cola for about two decades at several senior leadership positions and concluded his journey there as chairman, Asia Pacific and spearheaded its businesses across 25 countries

HCL Tech sees attrition easing in couple of quarters: CEO Vijayakumar

In a Q&A, HCL Technologies CEO and MD C Vijayakumar, talks about growth momentum from its majority market the US and managing supply-side issues

Power to admit insolvency application not binding even when debt owed: SC

The bench said NCLT failed to appreciate the question of time-bound initiation and completion of corporate insolvency resolution process could only arise if companies were bankrupt or insolvent

Gap chief executive Sonia Syngal exits as margin squeeze deepens

It also warned that margins would stay under pressure in the second quarter as costs spiral, sending shares of the company down about 4% after hours

Eveready Industries board reshuffle: Burmans and Sunil Alagh join

The board-level changes follow the completion of the open offer for acquisition of shares and control of Eveready by the Burman Group

Rajasthan's Neemrana town turning into a hub for Japanese industries

So far, more than 50 Japanese companies, including Daikin, Nissin Brake, Mytex Polymer and Nippon Pipe, among others, have invested over Rs 6,000 crore in the zone.

Spandana Sphoorty's Q4 consolidated net profit declines 42% to Rs 28.6 cr

The MFI aims to double assets to Rs 15,000 cr by FY25

Employees may have to wait longer for new wage code rules to kick in

The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs

Tesla CEO Elon Musk takes swipe at Twitter's lawsuit threat with a meme

Tesla and SpaceX CEO Elon Musk has taken a swipe at Twitter who has threatened to sue the American billionaire over the termination of the USD 44 billion deal.

Germany's Wirecard faked client data to gain £900 mn from SoftBank: Report

Collapsed fintech firm has admitted that half of its revenues and cash worth 1.9 billion euros is missing from accounts

Top Headlines: PSBs shareholding cap, growth of top firms, and more

The central government is seeking to remove the 10 per cent shareholding cap for individuals in public sector banks (PSBs). Read more in our top headlines

Alibaba, Tencent fined in China for not complying with anti-monopoly rules

Chinese market regulator has imposed a fine on the two tech companies as a part of its crackdown on monopolistic practices. It has also released a list of deals that violated the rules

Accolite to raise headcount in India by over three-fold to 8,500 in 3 years

Texas-based IT firm Accolite Digital plans to raise headcount by over three-fold in India to around 8,500 in the next three years, a top company official said.

Aurobindo Pharma to develop complex products, expand global footprint

Aurobindo Pharma remains focused on developing complex and differentiated products in multiple areas to drive the next phase of growth

Godrej Appliances to invest Rs 200 crore in capacity expansion in FY23

Godrej Appliances is targeting a turnover of Rs 5,500 crore in 2022-23 and around 35 per cent of the sales will be contributed from its premium range of products, a top company official said. Besides, Godrej Appliances is also investing Rs 200 crore in the capacity expansion of its premium range and adding more products, which will be largely done at its Shirwal, Pune-based plant, the company's Business Head & Executive Vice-President Kamal Nandi said. The company has a "very good response" from the market for its premium portfolio product range, in which it has invested Rs 250 crore so far, Nandi told PTI. "Our efforts of the last two years to bring out premium portfolio across categories have started paying off now very well," he said, adding, "I think the premium portfolio that we have done so... is going to get larger in this year as more new products in the segment are going to be launched. We are targeting another Rs 200 crore to be invested in this portfolio and capacity ...

Muthoottu Mini looks at 60% sales growth this fiscal at Rs 4,000 cr

Gold loan player Muthoottu Mini Financiers is looking to grow its loan sales by over 60 per cent in this fiscal to around Rs 4,000 crore as it embarks on a faster expansion