Page 64 - Companies

We have $2.5 billion of uninvested dry powder: Peak XV Partners MD

It is a rebrand - Sequoia India and Southeast Asia is now Peak XV Partners. We are very bullish on India and Southeast Asia as a market and we are going to only double down

TCS records higher attrition rate among women than male colleagues in FY23

Lack of caregiving duties has impacted female workers during the Covid-19 pandemic, but with companies such as TCS, returning to work-from-office culture, many have chosen to opt out of the workforce

Indian GCC market size to grow 144% to $110 billion by 2030: EY report

The GCC industry is expected to hire around 2.6 million people in India by the end of this decade

Delay in visa approvals for Chinese hurting Indian businesses: Report

Apart from new projects, in several cases, companies do not have their India chief executive officers in the country for several months now

Byju's schedules call for lenders to discuss loan amendment proposal

Byju's didn't pay $40 million in interest due Monday on its $1.2 billion loan

Allcargo Logistics arm to sell stake in logistics parks to Blackstone

"This transaction will result in significant cash proceeds and provide for growth plans of the company, formerly known as Transindia Realty & Logistics Parks Limited," it said

Union Cabinet approves Rs 89,000-crore third revival package for BSNL

To help deploy 4G/5G services; may become net debt-free in 3 years: Vaishnaw

HCLTech opens new facility in Chennai for 5G infrastructure testing

IT services company says the laboratory will help advance telephony and ensure quality

Sequoia's split sends warning to every company doing US-China business

Left unsaid is that the move is a concession to increasing pressure in the US to distance Silicon Valley from China

Reddit to hand pink slips to 5% of its workforce, reduce fresh hiring

The move aims to help the social media company Reddit to break even next year

Byju's accuses lenders of manufacturing fake debt crisis to extort money

The company chalks up its current debt predicament to aggressive distressed-debt investors who, in its view, were never supposed to be able to buy the loan

Govt to offer Rs 3,760 cr as incentives to boost battery storage projects

The scheme aims to boost battery storage projects that are crucial to India's plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030

IT cos need to rightsize bench to boost efficiency, stop layoffs: Experts

While other industries have single-digit bench sizes, tech firms typically have a larger bench size of as much as 30%, they say

BBK makes Oppo, OnePlus and Realme separate entities in India: Report

The development comes at a time when Chinese companies in India have been facing increased scrutiny, and Oppo Mobile is being investigated for alleged custom duty evasion of Rs 4,388 crore

Edtech giant Byju's 'skips' interest payment on $1.2-billion loan

Files suit against Redwood, alleging predatory tactics

Nava Ltd more than halves its total liabilities to Rs 1,707 crore

The settlement of arbitration dues from Zambia Electricity Supply Corporation Limited (Zesco) has contributed to an increase in the cash flow of the company

Westlife Foodworld makes its debut on the National Stock Exchange

Westlife was previously only permitted to trade, but it is now listed on both the NSE and the BSE

Lufthansa seeks deeper partnership with Air India, plans to expand flights

Lufthansa's CEO, Carsten Spohr speaks about the expansion plans of the airline and partnership with Air India that could make it the largest airline group connecting India and Europe

Paytm's loan disbursals more than doubled to Rs 9,618 crore in Apr and May

The total number of loans via Paytm was up 54% to 8.5 million during the period, as compared to 5.5 million last year

Bank of Baroda board approves raising Rs 5,000 crore by March 2024

The capital will be raised when the market is conducive, the bank said