Page 36 - Companies

TCS to modernise unemployment claims system of US state of Georgia

Company will bring in web-based platform to apply for unemployment insurance benefits

Global giants tap Indian consumers, spend $3,600 a second on World Cup ads

Brands are likely to spend about Rs 2,000 crore ($240 million) in advertisement spots on streaming platforms during the tournament, estimates Jehil Thakkar, a partner at Deloitte India

Business growth remains robust for Bajaj Finance, M&M Financial Services

While analysts remain positive, the two stocks fell by 1.5-4.5 per cent on Wednesday

Marico's revenue to be marginally lower in Q2 due to price corrections

Domestic volume growth in low single-digits

Artha Venture announces second exit at 19-fold return from mobility firm

Company says Fund 1 drawing to a close after investing in 31 firms

TCS announces multi-year tech support deal with British retail firm Asda

Indian firm will build a new digital core to streamline Asda's supply chain forecasting, merchandising processes

300 IBC cases set to be resolved this year: Corporate affairs secretary

Creditors have recovered around Rs 3 trillion through the Insolvency and Bankruptcy Code (IBC), and the recoveries stood at more than Rs 51,000 crore last year

Airtel logs 50 mn unique customers on 5G network; covers all states, UTs

Airtel had earlier targeted rolling out 5G services in all key towns and rural areas by September. Jio aims to reach every district and town with 5G by the end of 2023

Vedanta hopeful of Centre's support for Hindustan Zinc Ltd overhaul

Company executives from both HZL and Vedanta said they expect government support for the move and it will help the government ease in with its earlier considered divestment programme

Jalan Kalrock Consortium infuses Rs 100 crore in cash-strapped Jet Airways

JKC also said it is expecting the airline to be up and running next year with the launch date likely to be announced in the next few days

Ashok Leyland wins order for 1,282 buses from Gujarat state transporter

This order, one of the largest by a state transport undertaking for a single original equipment maker (OEM), will help Ashok Leyland strengthen its dominant position in the Indian bus market

Zepto tops startup list as most preferred workplace among professionals

14 of the 20 startups on this year's LinkedIn list are new entrants

Oyo to report first profitable quarter in Q2 FY24 at Rs 16 crore PAT

The company's revenue from operations in FY23, Agarwal added, stood at approximately Rs 5,463 crore in FY23 up from Rs 4,781 crore in FY22, marking a 14 per cent increase

IRCTC to waive off convenience fee on air tickets booked between Sept 25-27

Customers can also avail of discounts up to Rs 2,000 on card transactions of different banks on the IRCTC website

Shree Cement to raise up to Rs 700 cr via NCDs on private placement basis

The fundraising plan is expected to be part of the company's Rs 7,000-crore capex plan in the next phase of growth, during which it aims to add an additional 12 million tonnes of capacity

Bharat Biotech plans to invest Rs 3,000-4,000 crore in post-Covid shift

Not thinking about an IPO as of now, says chairman

ICICI Lombard General Insurance appoints Sanjeev Mantri as MD & CEO

He will take over from Bhargav Dasgupta, who will be officiating his duties until the close of business hours on 30 November 2023

Karnataka Bank eyes second round of equity infusion in the next six months

The proceeds of the issue will be primarily used to meet the needs of the growing business of the bank, including long-term capital requirements

Sebi levies Rs 55 lakh fine on 11 entities for non-genuine trades

Sebi has levied penalties totalling Rs 55 lakh on 11 entities for indulging in non-genuine trades in illiquid stock options segment on the BSE. In 11 separate orders, the regulator slapped a fine of Rs 5 lakh each on Kamala Agarwal, Kamla Devi Bajoria, Kamla Jain, Kamaljeet Kour, Kamal Ramprasad Gupta, Kamal Kumar, Kamlesh Ahuja, Kailash Narottamdas Anam, Sanjay Kumar Daga HUF Pragma Suppliers Pvt Ltd and Aromatic Tie Up Pvt Ltd. The orders came after the regulator observed large-scale reversal trades in the illiquid stock options segment on the BSE, leading to artificial volumes on the exchange. Sebi conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015. The entities to be fined were among those who indulged in reversal trades, Sebi said in the 11 separate orders on Thursday. Reversal trades are non-genuine as they are executed in the normal course of trading, leading to a false or misleading appearance

Freshers face challenge to get jobs due to those who graduated last year

Freshers are facing a 'fresher glut' created by a spike in the talent pool of young professionals with experience of one to two years