Page 29 - Companies News
No mass layoffs are happening at company: Chief People Officer, Flipkart
Flipkart's decision to not offer hikes to senior management officials would not lead to any job cuts, said Krishna Raghavan, Chief People Officer, Flipkart
 "No mass layoffs are happening at company: Chief People Officer, Flipkart")
All 10 Adani group firms end lower; Adani Power, Adani Transmission down 5%
All the ten listed firms of the Adani group ended the day in the negative territory on Monday, with Adani Power, Adani Transmission, Adani Wilmar and Adani Total Gas falling nearly 5 per cent each
 "All 10 Adani group firms end lower; Adani Power, Adani Transmission down 5%")
Mamaearth IPO in the works, engaged with regulators: CEO Varun Alagh
The firm's annual profit was Rs 14 crore the last year
 "Mamaearth IPO in the works, engaged with regulators: CEO Varun Alagh")
Less need for capital or headwinds? OYO plans to cut IPO size by two-thirds
Agarwal projects 19% jump in FY23 revenue to Rs 5,700 crore
 "Less need for capital or headwinds? OYO plans to cut IPO size by two-thirds")
Mahindra firm, partner to set up mn sq ft warehouse park in Maharashtra
The facility will be part of an industrial corridor near that has become a major manufacturing cluster
 "Mahindra firm, partner to set up mn sq ft warehouse park in Maharashtra")
HDFC board clears raising Rs 57,000 cr through non-convertible debentures
Mortgage lender HDFC Ltd on Monday said its board has approved raising funds through non-convertible debentures (NCDs) in tranches aggregating to Rs 57,000 crore
 "HDFC board clears raising Rs 57,000 cr through non-convertible debentures")
IT security incident to impact some of its businesses' revenues: Sun Pharma
Drug major Sun Pharma has said the IT security incident that happened earlier this month will impact revenues of some of its businesses
 "IT security incident to impact some of its businesses' revenues: Sun Pharma")
SoftBank-backed Oyo Hotels to reduce planned IPO amid tech headwinds
It's the second attempt at an IPO by the SoftBank Group Corp.-backed startup, after India's stock market regulator raised multiple red flags on its earlier try in late 2021
 "SoftBank-backed Oyo Hotels to reduce planned IPO amid tech headwinds")
Wipro Consumer Care invests unknown sum in women's health startup Gynoveda
Founded in 2019 by a husband-wife duo and a gynaecologist, Gynoveda attempts to help women aged 14-45-years cure disorders such as infertility, PCOS, and irregular menstrual cycles
 "Wipro Consumer Care invests unknown sum in women's health startup Gynoveda")
Apple's vendor planning to set up second factory, Pegatron explained
Pegatron is planning to set up its second factory near Chennai in Tamil Nadu. Pegatron opened its first plant only six months ago
 "Apple's vendor planning to set up second factory, Pegatron explained")
IDFC First Bank partners Crunchfish to demonstrate offline retail payments
The unique digital payment solution was designed by Crunchfish for merchants and customers under the RBI's Regulatory Sandbox Program, IDFC First Bank said
 "IDFC First Bank partners Crunchfish to demonstrate offline retail payments")
OYO expects more than Rs 5,700 revenue in FY23, up by 19% from FY22
In the presentation, Agarwal said OYO's revenue for FY2023 is expected to be over Rs 5,700 crore, up around 19 per cent from the Rs 4,780 crore achieved in FY2022
 "OYO expects more than Rs 5,700 revenue in FY23, up by 19% from FY22")
Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month
Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions
 "Mamaearth denies claims of IPO withdrawal, expects SEBI nod by next month")
Chennai's Renaatus gets $ 29 mn contract expand Maldives airport
Project funded by Exim Bank of India, involves constructing an air traffic control tower, fire station and upgrading terminal
 "Chennai's Renaatus gets $ 29 mn contract expand Maldives airport")
Godrej Security sees Rs 1,200 cr revenue by 2025, bets on landmarks, BFSI
Company's systems used at Taj Mahal, Qutub Minar and by State Bank of India, Punjab National Bank
 "Godrej Security sees Rs 1,200 cr revenue by 2025, bets on landmarks, BFSI")
Mamaearth's parent puts IPO on hold amid weak market sentiment: Report
Backed by investors such as Sequoia Capital and Belgium's Sofina, Mamaearth is now in a "wait and watch mode"
 "Mamaearth's parent puts IPO on hold amid weak market sentiment: Report")
Rittick Roy Burman to manage the overall Khadim India operations
Rittick, an alumnus of the University of California, Berkeley, had joined the business at an early age, just after completing his graduation
 "Rittick Roy Burman to manage the overall Khadim India operations")
Sun Pharmaceuticals to see drop in revenue owing to IT security incident
Indian drugmaker Sun Pharmaceutical Industries Ltd would see a revenue drop in a few of its businesses and incur some expenses due to an IT security incident that happened earlier this month
 "Sun Pharmaceuticals to see drop in revenue owing to IT security incident")
Will make India our manufacturing hub, triple our exports by 2025: Daikin
In India, Daikin will begin a new plant in August, and it will manufacture air conditioners and compressors
 "Will make India our manufacturing hub, triple our exports by 2025: Daikin")
83% Asian SMEs say ESG is high priority but only 37% have roadmap
On average, Asian companies that considered ESG a high priority allocated 18 per cent of their budget to ESG projects
 "83% Asian SMEs say ESG is high priority but only 37% have roadmap")
