Page 77 - Companies

Vietnam chief of Apple supplier exits after flagging shift from China

Deputy Chairman Kazuyoshi Yoshinaga is departing for "personal reasons," the Chinese firm said in a brief exchange filing, without elaborating

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

Instagram down for users for a few hours worldwide, cause unclear

Users complained about difficulties logging in, uploading photos, and accessing Instagram features

Nissan to develop new powertrains, may cut cost of hybrid cars by 30%

By enhancing the common parts that underpin a vehicle, the Yokohama-based automaker expects to be able to lower the cost of its hybrid cars to the same level as gasoline-powered cars by 2026

Competition Commission of India squeezed by staff vacancies and workload

The Competition Commission of India, which has imposed million dollar penalties on Alphabet Inc.'s Google to Amazon.com Inc., is functioning with just two members

DBS CEO Piyush Gupta's total pay for 2022 rises by 13% to $11.4 million

Gupta received a cash bonus of about S$5.8 million ($4.3 million) and a salary remuneration of S$1.5 million that contributed to an overall compensation of S$15.4 million for 2022

Silvergate plans to wind down bank ops, liquidate after crypto metldown

Silvergate collapsed amid scrutiny from regulators and a criminal investigation by the Justice Department's fraud unit into dealings with fallen crypto giants FTX and Alameda Research

Adani Group rout puts spotlight on billions flowing through Mauritius

The accusations against Adani - some reported by local media years before Hindenburg dropped its report - come at an uncomfortable time for Mauritius

Foxconn Technology eyes second chip plant in India, sans govt incentive

First unit, by Vedanta-Foxconn JV, under PLI scheme

Reliance Capital lenders seek Rs 8k-crore upfront cash for second auction

Minimum bid amount fixed at Rs 9,500 crore

Microsoft's latest AI assistant takes on Oracle, Salesforce in applications

Microsoft is introducing an AI assistant-called Dynamics 365 Copilot - for applications that handle tasks such as sales, marketing and customer service

GSTN empanels EY, IRIS, 2 other firms to provide e-invoice registration

GST Network has empanelled four private companies, including EY and IRIS Business, for providing e-invoice registration services to businesses. Businesses with turnover of Rs 10 crore and above are required to generate electronic or e-invoice for all B2B transactions. So far, taxpayers under Goods and Services Tax (GST) regime could use only government portal NIC to register their e-invoices. "Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empanelled by GSTN for providing these e-invoice registration services to all GST taxpayers of the country," GSTN said in an advisory to taxpayers. GSTN, which provides technology backbone for GST, also said empanelment of private firms would add significant capacity and redundancy to the single e-invoice registration portal which existed earlier. The end-to-end flow of a digitally signed e-invoice between sellers and buyers by integration with the GST system will lead to ease of compliance for the taxpayers. It ...

PR body ties up with Mediation Mantras to resolve disputes via conciliation

The aim is to encourage a mediation mindset that helps individuals and firms shift from an adversarial win-lose method of approaching business and human interaction, to a win-win way for all

BYD's $18 bn rout shows fallout of price war among EV makers in China

Traders are growing wary about BYD's prospects after the electric vehicle maker's dealers slashed prices of some models to boost sales

Resilience to global macro-economic headwinds makes India key focus market

India's resilience to global macro-economic headwinds has made it a key focus market for Nokia brand mobile phone maker HMD Global, a senior company official said here. While speaking with PTI at the Mobile World Congress, HMD Global Vice President for India, Middle East and North Africa region, Sanmeet Singh Kochhar said that the company will make products tailor-made to suit the demand of Indian customers as well as expand the export base of made in India mobile phones as per part of enhanced business activities for India. He said that HMD-made Nokia phones will continue to carry the old logo and not the new one which was unveiled at MWC. "India as an economy has been growing very strongly and has shown resilience to the global headwinds which are there. We have this focus market strategy and India is going to be one of our key focus markets for our growth. This means that we are going to launch products which are focused and tailor-made for our fans in India," he said. The compa

India offers remarkable opportunities for entrepreneurs: CTS co-founder

India, which has evolved from a USD 300 billion economy to a USD 3.5 trillion economy in three decades, offers remarkable opportunities for entrepreneurs and companies over the next few decades, especially in two areas -- India for India and India for the world -- a top Indian American entrepreneur has said. "The opportunity (in India) is remarkable and that is an incredible testament to the incredible work that the (Indian) government, the public sector, the private sector and the not-for-profit sector in India have done altogether. There is an incredible upside in India," said Indian American Frank D'Souza, co-founder and former CEO of Cognizant Technology Solutions. In a fireside chat with Suresh Kumar, professor and director of Innovation and Entrepreneurship Programmes at the New Jersey Institute of Technology, at a TiE New Jersey event wherein he was presented with the inaugural Excelsior Award for Lifetime Achievement and Contribution to Entrepreneurship, D'Souza said there ar

Greenko Energy raises Rs 5,700 crore from GIC, Orix and founders

Last month, Greenko emerged the lowest bidder for the first green hydrogen manufacturing project by an oil refinery in the country

Primus to add 2,000 units to senior living residences; enters Mumbai market

Senior living residences and retirement communities focused company Primus on Friday said it looks to add 2,000 units to its senior living residences as it enters the Mumbai market. The entry into the MMR (Mumbai Metropolitan Region) makes it the fourth metropolis after Bengaluru, Chennai and Pune. In a release, Primus said that it currently has over 700 units spread in three metro cities. With the entry into Mumbai, the company hopes to add another 450 units to its tally, taking the total units of senior living residences to 1,150 along with a pipeline of an additional 900 units. Southern cities account for a major share of the senior living market in the country. The entry of Primus into the Mumbai market will give a thrust and improve the footprint of senior living as a housing segment in the western region of the country, the company said. The hotbeds of retirement communities are mostly from the south with cities such as Coimbatore, Bangalore, Chennai leading the pack and the

Cutting oil and gas production not healthy, says Shell CEO Wael Sawan

"We've seen of course through 2022 the fragility of the energy system," Sawan said. "To see prices start to skyrocket, that's not healthy for anyone, particularly consumers"

Who is Rajiv Jain, and how he built his $92 billion empire at GQG Partners

Jain's career as a portfolio manager started in 1994 when he joined Vontobel Asset Management