Page 81 - Companies

NHPC shareholders approve Rajeev Kumar Vishnoi's appointment as CMD

State-run hydro power giant NHPC has received the approval of shareholders for the appointment of Rajeev Kumar Vishnoi as its Chairman and Managing Director. "The votes cast by the members of the company in favour of the resolution(s) are more than the requisite majority, and therefore, the resolutions are deemed to be passed," a BSE filing stated. The shareholders also approved the appointment of Mohammad Afzal, Joint Secretary, Ministry of Power, as Government Nominee Director on the Board of the Company. The Ministry of Power on December 13, 2022, communicated the ex-post facto approval of competent authority to entrust the additional charge of the post of Chairman & Managing Director (CMD), NHPC to Rajeev Kumar Vishnoi, who is also CMD, THDC India Ltd, for a period of six months from September 1, 2022, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest. Vishnoi assumed the charge of the post of NHPC Chairman & ...

Ola Electric plans to build world's largest EV hub in India for Rs 7,610 cr

The hub, spanning 2,000 acres (809 hectares) in the southern Indian state of Tamil Nadu, will be used for manufacturing electric two-wheelers, cars and battery cells

Vedanta's plan to trim debt hits roadblock as govt opposes Hind Zinc deal

The government has threatened to take legal action to stop Agarwal's Vedanta Group from selling the unit to its subsidiary Hindustan Zinc Ltd., which is around 30% state-owned

Blackout: Why has the broadcaster-cable operator fracas come to a head?

The issue has been fermenting since TRAI raised the price cap for a TV channel from Rs 12 to Rs 19

Hindenburg effect: Adani maps comeback strategy after $132 billion rout

The ports-to-power conglomerate helmed by Adani - who used to be Asia's richest person - is hoping to claw back the narrative with this playbook and calm jittery investors and lenders

Tesla considering takeover of battery-metals miner Sigma Lithium Corp

Sigma Lithium is one of multiple mining options Tesla is exploring as it mulls its own refining

Pakistan's biggest firms halt operations amid raw material, forex shortage

Pak's $3.19 bn in foreign currency reserves mean that the nation is unable to fund imports, stranding thousands of containers of supplies on its ports and stalling production, putting jobs at risk

Twitter's two India offices vacant as social media firm cuts costs

Sources said that no one has reported at Twitter's office at the WeWork facility in the Bombay-Kurla Complex (BKC)

Why related party transactions may need more regulatory attention

The practice picked up during the pandemic, come into focus as Adani controversy unfolds

Adani's crisis to spark democratic revival in India, says George Soros

The fallout from US short seller Hindenburg Research's attack on the conglomerate threatens to hurt investor confidence in India, has fueled concerns about the country's regulatory framework

Visa CFO Vasant Prabhu set to retire after firm gets new leadership

Prabhu has been Visa's CFO since 2015. He oversaw its finances at a time when profits soared, the firm added hundreds of millions of cardholders

Air India order for 840 planes, with 370 as options: Airline executive

Order of 840 aircraft a culmination of a fascinating two-year journey: CCTO

S&P puts Adani Transmission's ESG rating under review on governance issues

Will closely monitor developments, including any investigations by the Indian regulators and any additional disclosures by the Adani group, S&P said in a statement

Indian consumer goods makers bet on rural recovery to lift profits

A nascent revival in rural demand is likely to prop profits at Indian consumer goods companies in the March quarter, as improving income and credit disbursal allow buyers to spend more on branded oils

Blinkit starts new feature allowing brands to have customised stores on app

Sellers on instant-delivery platform can track performance of products, highlight them

62% of firms in India want to hire freshers in the first half of 2023

This is nearly 4.5 times higher than the global average of 14 per cent

Borrowing blitz makes Adani's empire even more vulnerable amid worst crisis

The conglomerate, with businesses stretching from ports to renewable energy, tapped international bond buyers for more than $8 billion in recent years

Surf Excel becomes first Indian home care brand to top $1 bn annual sales

With a total sales of Rs 8,200 crore in 2022, Surf Excel also became HUL's first brand to reach the milestone

Apple pushes back mixed-reality headset debut 2 months to June amid issues

Apple made the decision to delay the launch earlier this month after product testing showed that both hardware and software issues

Meta boosts spending on Zuckerberg's security despite 'Year of Efficiency'

Meta, the parent company of Facebook and Instagram, is increasing its pretax spending on Zuckerberg's personal security to $14 million in 2023