Page 95 - Companies

Hyundai Motor elevates senior management; Tarun Garg becomes COO

Hyundai Motor India Ltd on Monday announced senior management elevations, including that of Tarun Garg as Chief Operating Officer. Garg, who was earlier Director (Sales, Marketing & Service) will oversee sales, marketing, service and product strategy in his new role, Hyundai Motor India Ltd (HMIL) said in a statement. As part of the changes in its senior management leadership, HMIL also said Gopala Krishnan CS, Vice President (Production) has been elevated as Chief Manufacturing Officer (CMO) overseeing production, quality management and supply chain. The elevations are effective from January 1, 2023, it added. In addition to their new elevated roles, Tarun Garg and Gopala Krishnan CS will continue to serve as whole-time directors on the HMIL board, the company said. HMIL Managing Director and CEO Unsoo Kim said,"The elevations stand testimony to Hyundai Motor India's commitment to recognise and appreciate its leadership.

Apple permanently shuts down popular weather application 'Dark Sky'

Tech giant Apple has permanently shut down its popular weather application 'Dark Sky'

Torrent Power to buy 1.1 Gw green energy capacity from ReNew Energy: Report

Ahmedabad-based Torrent Power has submitted a non-binding offer (NBO) for ReNew's solar and wind assets of 350 and 450 Mw for $450 million

Mcap of eight of top-10 firms jumps Rs 1.35 trn; SBI, RIL major winners

Eight of the 10 most valued firms together added Rs 1,35,794.06 crore in market valuation last week, with State Bank of India and Reliance Industries Limited emerging as the biggest winners. Last week, the 30-share BSE benchmark climbed 995.45 points or 1.66 per cent. Hindustan Unilever Limited and Bharti Airtel were the laggards from the top-10 pack. The market valuation of State Bank of India jumped Rs 35,029.1 crore to Rs 5,47,257.19 crore. The market capitalisation (mcap) of Reliance Industries climbed Rs 31,568.08 crore to Rs 17,23,979.45 crore. The valuation of Adani Enterprises rallied Rs 24,898.33 crore to Rs 4,39,966.33 crore and that of HDFC Bank advanced Rs 16,535.08 crore to Rs 9,07,505.41 crore. Tata Consultancy Services' (TCS) mcap went higher by Rs 11,690.67 crore to Rs 11,92,576.32 crore and that of ICICI Bank gained Rs 8,221.94 crore to Rs 6,21,588.34 crore. The valuation of Infosys climbed Rs 4,692.01 crore to Rs 6,34,873.16 crore and that of HDFC surged Rs 3,1

Meta acquires 3D smart glass maker Luxexcel for an undisclosed sum

Meta (formerly Facebook) has acquired the Netherlands-based 3D smart glass maker Luxexcel, as it doubles down on its metaverse dream in 2023

Rocket Software eyes $1 bn turnover in 18 months, to expand India presence

US-based firm's current revenue at $800 mn; company hopes to grow India customer base by 2-3x

At 100 in 3 years, IHCL arm eyes 500 luxury homestays by FY 2026

Of the 61 operational properties which are all managed assets, around 21 properties are Tata company homes or bungalows

Air India to get fresh brand identity: CEO Campbell Wilson tells staff

Airline will take some years to attain 'world class heights', he says in year-end note

Adani's purchase of NDTV founders' stake may test acquisition rules

While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route

Goldman Sachs to unveil fresh job cuts in a matter of weeks, says CEO

Top managers have been asked to identify potential cost-reduction targets, and no final job-cut number has been determined

VC funding in India down 30 per cent in 2022: Venture Intelligence

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession

Tech darling that rose 2,500% in 2021 now among India's worst performers

The beating in the company's shares has wiped away 129 billion rupees ($1.6 billion) in market value

Mickey's copyright adventure: Early Disney creation to be public property

The version of the iconic character from "Steamboat Willie" will enter the public domain in 2024. But those trying to take advantage could end up in a legal mousetrap

Agrichemical exporters expected to clock better growth than domestic peers

Brokerages have a mixed outlook on margin trajectory for the sector

Composite insurance licence regime may trigger M&A activity: HDFC Life CFO

The Central governments decision to issue composite insurance licences (insurers who can sell both life and general insurance policies) may increase a potential for merger and acquisition (M&A) activity in the sector, said a senior official of HDFC Life Insurance Company.

Tata Digital to be the conglomerate's sole e-commerce venture: Report

Last week, the conglomerate increased Tata Digital's authorised capital to Rs 21,000 crore from Rs 20,000 crore and infused Rs 750 crore

Udaan, Ola and Oyo see highest senior executive exits in 2022: Data

Ola and Oyo Hotels & Homes followed Udaan in recording the most senior executive exits in 2022, according to Longhouse Consulting data

Here's Why Karnataka HC barred Irani, Classic Legends from using 'Yezdi'

Indian bikers' long wait for Jawa's Yezdi continues with latest verdict from Karnataka high court

India's fintech industry to face a tough 2023 as investments cool: Bain

This year, the Indian regulator, spurred by fraud and malpractice instances in the fintech lending space, stepped up its oversight to regulate it through a series of guidelines

Profitability focus to drive gains for Mahindra CIE Automotive

The company is selling its loss-making German CV forging business