Page 24 - Companies News
Hero MotoCorp appoints CFO Niranjan Gupta as chief executive officer
His sharp focus has helped Hero MotoCorp in delivering strong cash flow over the years, while ensuring judicious capital allocation, Munjal noted
 "Hero MotoCorp appoints CFO Niranjan Gupta as chief executive officer")
Twitter's revenue drops amid advertisers' concerns over Elon Musk's antics
From September to October of last year, the top 10 advertisers on Twitter spent $71 million on ads, according to estimates from Pathmatics
 "Twitter's revenue drops amid advertisers' concerns over Elon Musk's antics")
Ind-Ra assigns 'IND A' ratings with stable outlook to Shakti Pumps
Water pumps company Shakti Pumps on Thursday said it has been assigned 'IND A' ratings by India Ratings and Research (Ind-Ra) with a stable outlook
 "Ind-Ra assigns 'IND A' ratings with stable outlook to Shakti Pumps")
Indigo and Virgin Atlantic expand codeshare, open up new destinations
The expanded codeshare allows Virgin Atlantic's Flying Club members to reach their rewards faster, with opportunities to earn both Virgin Points and Tier Points available on every codeshare flight
 "Indigo and Virgin Atlantic expand codeshare, open up new destinations")
Badri Srinivasan to lead Wipro's India, Southeast Asia businesses
The initiatives under his leadership helped accelerate Wipro's business growth and revenue expansion across key markets in the region
 "Badri Srinivasan to lead Wipro's India, Southeast Asia businesses")
HPCL signs pact with BPCL for synergy in purchase, sale of hydrogen
Hindustan Petroleum Corporation Ltd (HPCL) said it has signed a pact with Bharat Petroleum Corporation Ltd (BPCL) for synergy in purchase and sale of hydrogen
 "HPCL signs pact with BPCL for synergy in purchase, sale of hydrogen")
Vistara operates Boeing Dreamliner plane powered by SAF-blended fuel
Vistara said it has operated a Dreamliner plane using fuel blended with Sustainable Aviation Fuel from US to the national capital, becoming the first Indian carrier to fly on a long route using SAF
 "Vistara operates Boeing Dreamliner plane powered by SAF-blended fuel")
UK clears Essar's $2.4 bn energy transition project helping carbon economy
Vertex Hydrogen project will support UK government's net zero ambitions, says company
 "UK clears Essar's $2.4 bn energy transition project helping carbon economy")
HCLTech announces plan to double headcount in Romania in next 2 yrs
Indian IT services company employs 1,000 people in European nation to serve global clients
 "HCLTech announces plan to double headcount in Romania in next 2 yrs")
Domestic demand to drive textile sector growth in FY24: CRISIL SME Tracker
In FY24, cotton yarn prices are projected to fall almost 15 per cent due to a high base and subdued export demand. This is expected to hurt price realisation
 "Domestic demand to drive textile sector growth in FY24: CRISIL SME Tracker")
Edelweiss Financial board clears Rs 1,500 crore fund raising via NCD
Edelweiss Financial Services on Thursday said the board of the company has approved raising up to Rs 1,500 crore through Non-convertible Debentures (NCDs) to fund business growth
 "Edelweiss Financial board clears Rs 1,500 crore fund raising via NCD")
How forever free Fridays have changed things for this company in India
Beroe, a SaaS firm with 80% employees in India, has been on a four-day workweek for six years
 "How forever free Fridays have changed things for this company in India")
Huge win for Russia as TikTok propaganda labels on agencies fall flat
The accounts have spread pro-Russian propaganda about the invasion of Ukraine as well as false and misleading claims about the US and the international coalition that stands against Russia's war
98% senior IT leaders struggle with increasing cloud complexity: Report
Top challenges in optimising multi-cloud environment are lower in the US, UK, India, finds NetApp
 "98% senior IT leaders struggle with increasing cloud complexity: Report")
Adani airports' duty-free shops to give more space to non-liquor items
Liquor ++ strategy for extracting maximum revenue from duty-free shops at seven airports run by the group
 "Adani airports' duty-free shops to give more space to non-liquor items")
AstraZeneca shot raised heart-related death risk in young women: Report
AstraZeneca's Covid vaccine (manufactured and administered in India as Covishield) raised the risk of heart problem, and death by 3.5 times in young women in the first three months following
 "AstraZeneca shot raised heart-related death risk in young women: Report")
Online used-car marketplace Shift Technologies lays off 30% of workforce
US-based online marketplace for buying and selling used cars Shift Technologies has reduced its workforce by 30 per cent
 "Online used-car marketplace Shift Technologies lays off 30% of workforce")
OYO-owned Weddingz.in ties up with Lemon Tree Hotels to boost revenue
OYO-owned Weddingz.in on Thursday announced a strategic tie-up with Lemon Tree Hotels in a bid to boost revenue, drive demand and sales
 "OYO-owned Weddingz.in ties up with Lemon Tree Hotels to boost revenue")
Adani group pulls back on grand ambitions after the Hindenburg bombshell
It's also dialling back on ambitions to dive further into aluminium, steel and road projects, said people
 "Adani group pulls back on grand ambitions after the Hindenburg bombshell")
CRISIL lowers outlook on Adani Airport Holdings from 'stable' to 'negative'
The outlook revision indicates that the standalone credit profile of AAHL may weaken
 "CRISIL lowers outlook on Adani Airport Holdings from 'stable' to 'negative'")
