Page 75 - Companies

TCS 'won't make any change', focus on principles: CEO designate Krithivasan

Krithivasan's time of taking over is interesting, especially with the agenda already being set

With a 38% jump, India's M&A activity touched all-time high in 2022

Outbound M&A activity increased 31.6% year-on-year to hit $9.8 billion

South Korea's battery giants Samsung, LG in hot demand from US to Europe

Eight US states - including Kentucky, Georgia, North Carolina, Tennessee and Indiana - delivered presentations on the benefits they can offer Korean firms as a base for new manufacturing plants

Meta starts next round of layoffs with 1,500 jobs in recruiting, HR: Report

During an internal meeting with employees, Chief Executive Officer Mark Zuckerberg told employees the economic climate of layoffs and restructuring could last many years

Boeing, Airbus boost search for India talent as demand for aircraft rises

With about 1.5 million engineering students graduating annually, India is a rich source of talent for planemakers facing record orders from airlines as travel surges again after the Covid pandemic

ED knocks at the door of Franklin Templeton execs, conducts searches

Sebi in 2021 barred firm from launching new debt schemes for violating norms in winding up of 6 debt schemes

Bharti-backed OneWeb to launch 36 satellites with Isro by March end

Company's eighteenth launch will complete global constellation of satellites connecting connect enterprises and governments

myTVS selects Oracle cloud applications to improve business processes

Applications will improve the speed and quality of decisions, says TVS Mobility group company

No 'negative impact' after promoter shareholding freeze: Patanjali Foods

Company backed by yoga guru Baba Ramdev failed to meet Sebi's public shareholding rule within deadline

Indian industries stock up on coal to avoid shortages during summer

The fear of disruptions to mine output when monsoon rains begin a couple of months later is also a factor

Here's what a top lawyer thinks of entry of foreign law firms into India

Reversing a decades-long stance, the Bar Council of India this week permitted firms from certain countries to register in India, open offices and advise local clients on international law

Baidu showcases China's answer to ChatGPT to lead transformative technology

The Beijing-based company is leading a race with the likes of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to create a next-generation platform for the world's largest internet market

SVB collapse exposes rifts in typically chummy venture capital world

There's no clear consensus on whether to celebrate or blame VCs who told founders to pull out their money

SVB fallout: Nazara Tech says Rs 60 cr shifted to other bank accounts

Nazara Technologies on Wednesday said that out of Rs 64 crore held by its two step-down subsidiaries in Silicon Valley Bank, Rs 60 crore has been successfully transferred to bank accounts outside of SVB. The balance of Rs 4 crore remains in SVB accounts for unrestricted operational use, the company said in a regulatory filing. Nazara informed that both the companies -- Kiddopia Inc and Mediawrkz Inc -- have been given unrestricted access to the entire amount of USD 7.75 million (Rs 64 crore) that was held at SVB. "From this amount, a sum of USD 7.25 million (Rs 60 crore) has been transferred to bank accounts outside of SVB and the balance amount of USD 0.5 million (Rs 4 crore) remains in SVB accounts for unrestricted operational use," the company said. The abrupt failure of SVB last week had left many startups, tech companies, entrepreneurs and VC funds nervous and jittery about their deposits. SVB was deeply entrenched in the tech startup ecosystem and the default bank for many .

Neelkanth Mishra resigns from Credit Suisse, to head research at Axis Bank

He is part of Indian Prime Minister Narendra Modi's Economic Advisory Council and head of research at Credit Suisse's local unit, according to the bank's website

One Impression raises $10 mn in series A led by South Korean firm KRAFTON

Firm to expand its offerings, grow presence in globally; It already transacts with several creators, from top celebs to nano influencers, generating 100,000 pieces of content for more than 500 brands

Three in every five companies in India want to hire STEM-qualified women

The rise in demand for STEM-qualified women is expected to rise the highest in the retail and e-commerce industry

SVB crisis: Why biz world should worry about the decline of liberal arts

Most companies will have to grapple with the question of establishing the right division of labor between knowledge workers and intelligent machines

Apple delays bonuses for some, limits hiring in latest cost-cutting effort

The majority of Apple's divisions had already moved to a once-a-year schedule for bonuses and promotions, including software engineering and services

Adani's investor Elara also a co-owner with conglomerate in ADTPL: Report

Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total