Page 31 - Companies

Infosys inks partnership with TK Elevator to help build AI-first strategy

As part of the engagement, Infosys said it will "consolidate, harmonise, and modernise TK Elevator's digital landscape"

New Binance CEO Richard Teng's first job is to avert customer exodus

Teng, 53, succeeded Zhao as the chief executive of the world's largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations

Tech firm UST to double headcount to 4,000 in Hyderabad with new office

US global digital transformation solutions company has more than 20,000 employees in India

Fintech start-up Kiwi raises $13 mn to expand credit on UPI offering

Kiwi has issued 25,000 credit cards until now and plans to have 0.5 million customers by the end of 2024

Tata Technologies IPO: Details of public offer opening on November 22

The Tata Technologies IPO will be open for bidding from November 22, and will conclude November 24

OpenAI's founder Sam Altman exposes the charade of AI accountability

As attempted coups go, what happened at OpenAI was a colossal failure

Sahara-Sebi refund account may be transferred to govt, says report

The funds are expected to be used for pro-poor programmes or public welfare, the report stated

Altman will not return to OpenAI, ex-Twitch boss Shear to be interim CEO

Shear co-founded Twitch and had stepped down from the Amazon.com Inc.-owned live video streaming platform earlier this year.

FMCG major Nestle India on track to launch plant-based protein products

'I am not looking to launch whole chicken or fish, but products more relevant to the Indian market,' Suresh Narayanan said, while refusing to divulge more details

Siemens AG to buy 18% stake in Indian joint venture for $2.28 billion

Once the demerged entity is listed, Siemens Energy is to ultimately acquire a controlling stake in the demerged energy business

NITES files complaint against TCS over forced transfer of employees

The Nascent Information Technology Employees Senate (NITES) filed a complaint against Tata Consultancy Services over involuntary transfers of over 2,000 employees

Talent crisis forcing companies to shell out big bucks for legal experts

Company officials said an ever-evolving regulatory environment, increasing focus on corporate governance, and constantly changing GST structures have catalysed the clamber for legal talent

Aster DM Healthcare Q2 results: Consolidated revenue rises 17.7%

On a sequential basis, the company exhibited a 3.15 per cent increase in revenue along with EBITDA, which grew 21 per cent year-on-year

Siemens to acquire 18% in Indian arm from Siemens Energy for 2.1 bn euros

With this, the company's total stake in its Indian arm will jump to 69 per cent from 51 per cent earlier

IIM Ahmedabad study finds significant improvement in firms post IBC

The study found that hotels and restaurants have had the highest recovery rate for creditors under the IBC while electricity, gas, and water supply firms have the lowest recovery rates

CP Gurnani to step down as director of Tech Mahindra on December 20

Along with Gurnani, Vijay Kumar will also step down as the non-executive, non-independent director of the company on December 20

Biosimilars growth props up Biocon Q2 PAT by 168% to Rs 126 crore

On a sequential basis, the company exhibited a 1.15 per cent increase in revenue along with PAT, which rose 23.8 per cent

M&M Ltd Q2 result: Consolidated net profit at Rs 2,348 cr; revenue up 14%

The total income for Q2FY24 came in at Rs 35,027.23 crore, compared to Rs 30,130.85 crore year-on-year, registering a rise of 16.25%

SoftBank's Vision Fund hikes valuation of Swiggy, Ola Electric, FirstCry

SoftBank's Vision Fund is also increasing its focus on companies which can benefit from the artificial intelligence revolution

Genpact CEO 'Tiger' Tyagarajan announces retirement, B K Kalra to take over

Kalra has been a leader in business transformation - the key focus area of Genpact - with more than 30 years of experience