Page 24 - Companies

TMB shareholders take the legal route to fast track MD appointment

Krishnan Sankarasubramaniam, TMB's managing director and chief executive officer, resigned from his position on September 28, 2023. He continues to serve until a new appointment is confirmed

HDFC Bank completes Rs 9,553 cr stake sale in education unit HDFC Credila

Central bank had asked private lender to reduce its shareholding in HDFC Credila

Radisson Group appoints Nikhil Sharma as MD, to take charge from April 1

Radisson Hotel Group on Wednesday announced the appointment of Nikhil Sharma as the Managing Director and Area Senior Vice President for South Asia, effective April 1. In his new role, Sharma will lead Radisson Hotel Group's operations in the dynamic South Asia region, which has over 165 hotels in operation and development. "Nikhil joins Radisson Hotel Group from Wyndham Hotels & Resorts (WHR) where he served as Market Managing Director Eurasia, overseeing business development, operations, new openings, and sales & marketing," Radisson Group stated. Before his time at Wyndham Hotels & Resorts, he held the position of Chief Operating Officer at Ginger Hotels, a brand under the IHCL conglomerate, the statement added. He was also a founding member of the Lemon Tree Hotel Company and a significant contributor to the growth of India's upscale hotel segment. "Nikhil's appointment reflects our commitment to strengthening our leadership team and driving strategic growth in South ..

Liquidnitro Games raises $5.25mn in seed round led by Nexus Venture

Hyderabad-based company will use money to build studio, invest in technology, strengthen production pipelines

Doing biz in China growing tougher, more uncertain: European business group

Uncertainty and draconian regulations have drastically raised risks for foreign businesses in China, a report by a European business group said on Wednesday. The lengthy paper by the European Union Chamber of Commerce in China urges China's leaders to do more to address concerns that it says have grown exponentially in recent years. This report comes at a time when the global business environment is becoming increasingly politicised, and companies are having to make some very tough decisions about how, or in some cases if, they can continue to engage with the Chinese market, it says. The study, compiled by the chamber and the China Macro Group consultancy, echoes concerns that have been raised by European and American companies operating in China. Foreign investment fell 8 per cent last year from a year earlier as companies recalibrated their commitments in the world's second largest economy. EU Chamber officials said China's changing business environment partly reflects moves by .

Deloitte's 'biggest reorganisation in decade' to simplify business: Report

Accounting and consultancy giant's main business units will be trimmed to four from five

Sun Pharma gets approval to sell acne treatment cream Winlevi in Australia

Collaboration with Cosmo enables rights for cream in several countries, says company

Despite IT slowdown, high demand for GenAI courses: Simplilearn CEO

The Blackstone-backed firm, which skills and trains people online, said that the demand for GenAI courses in India increased 195 per cent year-on-year in the first quarter of 2024

Near-term demand remains a concern for listed tile maker Kajaria Ceramics

Even as the March quarter and FY24 volumes are likely to be on the lower side, management and brokerage commentary suggest that recovery could be strong in FY25

Understanding the difference between large, mid, and small-cap funds

Companies are tagged such based on their market value; their risk profiles vary

EVs must adhere to strict localisation rules under new e-mobility scheme

Centre introduced Electric Mobility Promotion Scheme (EMPS) as a transitional scheme, which will be in place till June 2024 after FAME-II ends on March 31, 2024

IndiGo co-founder Gangwal raises $820 mn in largest block sale since 2019

It's the fourth time within two years that the co-founder has tapped investors through a block sale of IndiGo shares, according to data compiled by Bloomberg

Percentage of women in senior management falling since 2021: Grant Thornton

The dip was attributed to the 'evolving landscape of work models across industries'

Why PVR INOX MD Ajay Bijli thinks leading a 3D life is the key to wellness

Make time for that forgotten hobby, advises Bijli, who revived his 1980s-style rock band during the pandemic

Paytm's UPI transactions drop in February amid regulatory challenges

Overall UPI volumes of Paytm witnessed a marginal dip to 12.1 billion transactions compared to 12.2 billion transactions in January

Flipkart Internet receives Rs 924 cr infusion from its Singapore entities

Flipkart is also currently in discussions to raise up to $1 billion, with parent company Walmart committing to inject $600 million

NFRA to engage with companies for better insights: Ajay Bhushan Pandey

To refer the matter to regulator if lapses found

Housing.com's parent firm REA India's revenue rises 21% in Jul-Dec: CEO

Revenue of REA India -- owner of Housing.com and PropTiger -- rose 21 per cent to Rs 238 crore during latest July-December period on strong demand of residential properties, its CEO Dhruv Agarwala said. The company would continue to invest in new products, technologies and branding-marketing activities to further grow its business and establish a significant lead against competitors, he said. REA India, which is part of Australia's publicly listed firm REA, is a full-stack real estate technology firm and owns two online classified advertisement platforms Housing.com and Makaan.com as well as housing brokerage PropTiger. In an interview with PTI, Agarwala said the company posted a 21 per cent growth in revenue to 44 million Australian dollars (nearly Rs 240 crore) during July-December period of the 2023-24 fiscal year ending June. In the year-ago period, the revenue stood at AUD (Australian dollar) 36 million. Agarwala highlighted that revenue from its core business, advertising an

Robust revenue growth estimated for Reliance Industries-Disney combine

Media Partners Asia report says profits from television broadcast will help offset the losses in sports and digital

Asics expects India to be its fastest-growing market in Southeast Asia

The Japanese sporting goods company Asics is aiming to double its number of stores and open its first exclusive store in the country in the country by 2026