Page 72 - Companies
Why does this ex-deputy guv of RBI want India's biggest firms dismantled?
Part of his reasoning was that consumers could not fully benefit from input price declines as Big 5 companies control manufacturing of all major sectors as well as retail trade and telecommunications
 "Why does this ex-deputy guv of RBI want India's biggest firms dismantled?")
Air India secures Rs 14,000 crore from State Bank of India, Bank of Baroda
The loans are benchmarked to SBI's six-month marginal cost of funds-based lending rate (MCLR) and are priced 50 basis points (bps) above it
 "Air India secures Rs 14,000 crore from State Bank of India, Bank of Baroda")
GoMechanic Business acquired by a consortium led by Lifelong Group
According to sources, there is no clarity on what happens to the founders
 "GoMechanic Business acquired by a consortium led by Lifelong Group")
CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'
The change reflects the possibility of higher-than-expected financial leverage and lower financial flexibility with reducing ratio of cash surplus to one-year maturities for FY23 and FY24
 "CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'")
HP Inc introduces lineup of 150 products, solutions for future hybrid work
PC and printer major HP Inc on Wednesday introduced a robust lineup of 150 products, services and solutions for hybrid work under its 'FutureReady' portfolio
 "HP Inc introduces lineup of 150 products, solutions for future hybrid work")
Total funding into Indian healthtech platforms plunges 55% in 2022
Total funding into healthtech companies in India plunged 55 per cent (year-on-year) to $1.4 billion last year, a report showed on Wednesday
 "Total funding into Indian healthtech platforms plunges 55% in 2022")
Technology firms' engagement with ethical hackers at all-time high
As cyberattacks shoot up, tech firms are engaging with independent researchers more than ever
 "Technology firms' engagement with ethical hackers at all-time high")
Eye on growth post-pandemic, ITC to invest Rs 3,000 crore annually in India
The fast-moving consumer goods (FMCG) company will use the money to build more manufacturing capabilities
 "Eye on growth post-pandemic, ITC to invest Rs 3,000 crore annually in India")
10% of folios yet to comply as March 31 deadline for MF nomination looms
As of end-February, total MF accounts was 144 million
 "10% of folios yet to comply as March 31 deadline for MF nomination looms")
GPT-4: Bing to Word and Excel, AI is changing Microsoft platform experience
The company revealed that because of its services' integration with AI, the number of users of Edge Browser has shot up, and the queries' responses via Bing Search have also become more accurate
 "GPT-4: Bing to Word and Excel, AI is changing Microsoft platform experience")
Wipro Consumer Care invests unknown sum in women's health startup Gynoveda
Founded in 2019 by a husband-wife duo and a gynaecologist, Gynoveda attempts to help women aged 14-45-years cure disorders such as infertility, PCOS, and irregular menstrual cycles
 "Wipro Consumer Care invests unknown sum in women's health startup Gynoveda")
HR tech start-up InCruiter partners with Taggd to speed up hiring
Company's product helps in conducting interviews and selecting talent for IT and non-IT roles
 "HR tech start-up InCruiter partners with Taggd to speed up hiring")
Godrej Security sees Rs 1,200 cr revenue by 2025, bets on landmarks, BFSI
Company's systems used at Taj Mahal, Qutub Minar and by State Bank of India, Punjab National Bank
 "Godrej Security sees Rs 1,200 cr revenue by 2025, bets on landmarks, BFSI")
Desk bombing, loud leaving, monk mode among emerging workplace trends
LinkedIn report also finds that for many employees, Thursday is the new Friday
 "Desk bombing, loud leaving, monk mode among emerging workplace trends")
Here's why turmoil in China's mega EV industry may spark a shake-up
The boost part, though, is looking a bit tenuous for both established and EV firms
 "Here's why turmoil in China's mega EV industry may spark a shake-up")
Our focus on satcom; leave Moon, Mars to others: Sunil Bharti Mittal
OneWeb launches its final 36 satellites, set to begin India ops in July-August
 "Our focus on satcom; leave Moon, Mars to others: Sunil Bharti Mittal")
Consumer, tyre companies wait for crude derivative prices to ease
The firms also say that while crude oil prices have cooled off, they must sustain at current levels for actual impact to be seen on manufacturing operations
 "Consumer, tyre companies wait for crude derivative prices to ease")
CoC stares at liquidation as IIHL, Torrent pause bidding for next round
Reliance Capital's lenders move to conduct a second round of auction is facing difficulties as the bidders are not said to be keen on another round under the insolvency resolution
 "CoC stares at liquidation as IIHL, Torrent pause bidding for next round")
Paytm gets extension from RBI for resubmission of PA license application
RBI says firm can continue with its online payment aggregation business while it awaits Centre's nod for investments from its parent firm One97 Communication into Paytm Payments Services Ltd
 "Paytm gets extension from RBI for resubmission of PA license application")
Social commerce the way to tap growing online buyers from smaller towns
Indian e-commerce was worth $83 bn in 2022, will likely grow to $185 bn in 2026, propelled by deeper internet penetration and digital payments
 "Social commerce the way to tap growing online buyers from smaller towns")