Page 32 - Indian Companies

Meity may seek Cabinet approval for Rs 10,000 cr India AI programme

Speaking about the centre, Minister Chandrasekhar said that partnerships with companies like Synopsys are the building blocks of India's ambitions in semiconductors

Udaan announces senior-level changes; Group CFO Aditya Pande resigns

udaan, an e-B2B (business-to-business) platform, on Monday announced senior-level organisational changes under which Group Finance Controller Kiran Thadimarri has been elevated to executive management team with additional responsibility of treasury, corporate finance and corporate audit. The company informed that Aditya Pande has decided to pursue opportunities outside of udaan, after a successful stint of over three years as Group CFO. Also, Vishnu Menon, Head of Corporate Strategy and investor relations, will take on the additional responsibility of business finance, as part of the organisational changes. The two executives -- Menon and Thadimarri -- will work towards further strengthening the financial and governance practices at udaan with the objective of enabling the company to achieve operational profitability and public market readiness in the next 12-18 months, according to a company release. Announcing the organisational changes, udaan said these are in line with the ...

Zee Entertainment shares fall 5% on reports of Sony merger deal collapse

Sony Group of Japan had said it is continuing talks until 20 January on the deal to merge its Indian subsidiary with Zee Entertainment Enterprises that would create a $10 billion entity

Paytm trims losses to Rs 221.7 crore, revenue from operations zooms 38%

Paytm's expenses have increased 9.5 per cent Q-o-Q to Rs 3,216.3 crore in Q3FY24 from Rs 2,936.7 crore in Q2FY24. On a Y-o-Y basis, expenses rose 27.5 per cent from Rs 2,522.3 crore

UltraTech Cement Q3 results: Net profit surges 68% on lower fuel costs

Lower costs help profits, despite weak growth in volumes

Reliance Retail Q3 results: Net profit surges 32% to Rs 3,165 crore

Reliance Retail continued to expand and added 252 new stores in the quarter and also saw its footfalls cross 282 million across formats

HUL Q3 results: Profit up marginally at Rs 2,519 cr amid low rural demand

The company's quarterly sales of products slipped marginally to 14,928 crore rupees, with underlying sales growth in its home care business

Aim to power 250 million smart meters in India: Airtel Business CEO

Airtel is leveraging NB-IoT tech and a suite of offerings, he says

Highest ever tally: Over 141K firms incorporated in FY24 so far, shows data

Official sources said that this was indicative of increased economic activity in the country

Insurtech startup Bharatsure raises $1 million led by VC fund Capital-A

The company had previously raised $1.2 million in February 2022 which saw the participation of its existing investors

The pandemic impact: PepsiCo India lines up offerings for expansion

Earlier this month, the fast-moving consumer goods (FMCG) major launched three variants under its Quaker Oats brand

Will have 1 mn startups in the next 10 years: MoS IT Rajeev Chandrasekhar

Chandrasekhar along with other senior ministers from the government were marking and celebrating National Startup Day

67% of ongoing corporate insolvency resolution cases cross 270-day timeline

Although IBC leaves little room for interference, objections by erstwhile promoters or the suspended board of corporate debtor, competing resolution applicants, and dissatisfied creditors are many

Bank of Maharashtra Q3 net up 34 % at Rs 1,036 cr, slows corporate lending

State-owned lender says it has increased share of loans in retail, agriculture and MSME segments

L&T Technology Services maintains FY24 revenue guidance at 17.5-18.5%

LTTS reported a 13.3 per cent rise in net profit to Rs 336 crore, as revenues grew 12.3 per cent to Rs 2,157 crore

India share of venture capital funding lowest in 5 years, shows data

While the data shows that the world had 71 new unicorns (21 in Asia), India contributed only two of them, as compared with CY22 when it had 22

BFSI will bottom out by next qtr; FY25 should be better: TCS MD & CEO

'It will take about four to eight quarters for GenAI to be substantial part of revenue'

'It's nothing personal': Wipro on lawsuits against senior executives

Wipro sued Dalal, accusing him of violating the non-compete clause in his employment contract by joining rival Cognizant within 12 months from his last date of work

India remains a bright spot amid geopolitical tensions, says Nadir Godrej

'There are geopolitical challenges, but it does not affect India that much. India is in a bright spot'.

Govt finalises draft guidelines to prevent cos from false pro-green claims

The government has finalised draft guidelines to prevent 'greenwashing' or false pro-environment claims being made by companies across sectors, Consumer Affairs Secretary Rohit Kumar Singh said on Thursday. The draft guidelines were finalised after discussions with the committee members in a meeting held on January 10. The committee constituted by the consumer affairs ministry also has member representatives from the industry such as FICCI, CII, Manufacturers Association Information Technology (MAIT), Advertising Standards Council of India (ASCI) and Indian Beauty and Hygiene Association (IBHA). "We have finalised the draft guidelines and will issue the final guidelines after incorporating few suggestions of the industry members," Singh told PTI. The draft guidelines clearly define "Greenwashing" and "Environment claims". It also proposes disclosures that would be required to be made by the company while making green claims, said a statement issued by the ministry. The guidelines