Page 28 - Indian Companies

IPO-bound Ola Electric clocks highest registration of 35,000 units in Feb

In December last year, the company became the first EV 2W manufacturer to record 30,000 registrations in a month

Burger Singh says website defaced by Pakistani hackers; restored now

Home-grown quick service restaurant chain Burger Singh on Thursday said Pakistani hackers defaced the company's website, which has now been restored. The company took to social media with a tinge of humour to inform its customers about the cyberattack that took place on Tuesday. While asking customers to "keep calm and carry on", the fast food chain said its "digital hiccup is just that a hiccup". "It seems our digital doorstep got a surprise makeover on the 27th of February, 2024, thanks to a special visit from our not-so-friendly neighborhood web wizards, Team Insane PK, straight out of Pakistan," Burger Singh said in its message to customers. The Pakistani hackers breached the burger franchise's security systems and also redesigned its website on February 27, creating a digital graffiti wall displaying the group's actions on the website. "Our website didn't just get a new look; it got a whole new attitude, albeit one we didn't sign up for," the company said. Instead of taking

Sitharaman asks India Inc to align with 'Viksit Bharat' @ 2047 vision

Finance Minister Nirmala Sitharaman on Tuesday exhorted Indian Inc to align itself with the goal of 'Viksit Bharat' by 2047, when India will complete 100 years of independence. Addressing a session on 'Viksit Bharat @ 2047: Viksit Bharat & industry', organised by Ficci, the minister also assured the industry that reforms will continue in the third term of the Prime Minister Narendra Modi-led government. The new government will be formed after the general elections due in April-May and the BJP is confident that Prime Minister Modi will return to power with a greater majority. Sitharaman said that India has moved up to become the fifth largest economy and is on the way to become the third largest global economy. The minister said that several reforms were undertaken by the government during the last 10 years and the trend will continue. She said that the reforms to be undertaken by the next Modi government will touch on factors of production.

94% of Indian companies to reskill employees due to impact of AI: LinkedIn

The LinkedIn report also highlights that 48 per cent of India's hiring managers are providing career progression opportunities to their existing employees

Digital divide may affect possibility of improvements for Indian companies

Smaller businesses in India are least likely to have a key marker of digitisation, such as a website, according to the recent "State of India's Digital Economy 2024" report from ICRIER

Indian consumers look for AI services but fear unethical use of data: Adobe

Although currently lagging, 76 percent of Indian brands already have or will adopt generative AI solutions within the next 12 months, Adobe noted in its report

Unleashing govt's procurement power

As a consumer, the government can play a crucial role in unlocking the potential for innovation in Indian companies

PFRDA eases business processes with simplified trustee appointments

NPS Trust has been established by the PFRDA for taking care of the assets and funds under the NPS

ATR sees India as its biggest market in 10 years as air travel demand soars

ATR, a joint venture between Airbus and Leonardo, currently has around 1,400 aircraft operating globally

Tailwinds may support momentum in residential space: Brigade Enterprises MD

Shankar talks about the company's strategic business initiatives, meticulous product development, and expansion plans

Whirlpool promoter likely to sell 24% equity stake through block deals

Total deal size may range between Rs 2,337 crore and Rs 3,739 crore

Strong Q3 performance stokes more upgrades than downgrades, shows data

Analysts raised 2023-24 (FY24) earnings estimates for 49 per cent of 162 companies

Meta to introduce deepfake helpline on messaging platform WhatsApp

The helpline, expected to be available for public use next month, will allow users to flag deepfakes by alerting a dedicated WhatsApp chatbot

Bidding pipeline in West Asia remains very strong: Larsen & Toubro

Analysts tracking L&T noted the company was an L1 bidder for a $2.5 billion contract related to this expansion project

Tata CLiQ to have a bigger pre-owned luxury basket: CEO Gopal Asthana

In addition, with the growing influence of Western fashion trends and the rise of disposable income, consumers are looking at buying exclusive pieces easily available

Adani group in talks with sovereign funds to raise up to $2.6 billion

Group plans to fund airport expansion, green hydrogen biz

AI can be 'Fastag' for India's growth: Google India head Sanjay Gupta

It can break barriers to information accessibility, says Google V-P Sanjay Gupta

Encouraging signals

Q3FY24 results show private capex and rural demand improving

Margin gains propel India Inc's Q3 profit despite revenue slowdown

The combined earnings were, however, up only marginally from Rs 3.15 trillion reported in Q2FY24 as well Q4FY23

A breather for Paytm Payments Bank? What RBI's FAQs for customers indicate

The company is shifting its nodal account to Axis Bank to continue merchant settlements