Page 33 - Companies News

New Starbucks CEO Laxman Narasimhan plans to work in stores once a month

Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks' employees Thursday that he also expects the company's leadership team to be connected and engaged in stores

DMRC seeks review of HC order on plea by DAMEPL in arbitral award case

The Delhi Metro Rail Corporation on Thursday told the Delhi High Court that attachment of its statutory expenses will result in immediate stoppage of the entire Metro network in the national capital

FSIB recommends Siddhartha Mohanty for LIC chairperson's position

Mohanty is already serving as the interim chairperson of LIC

Phasing out? Only 15-20% of ATMs dispense Rs 2,000 currency note

Cash dispensers reconfigure cassette with lower denominations

Sanjay Nayar has quit board of InCred Financial Services, company says

Executive played a role in expanding firm's credit and capital markets products in Asia-Pacific

ICRA upgrades outlook on infra finance firms to 'positive' from 'stable'

Rating agency cites sector's improved solvency profile, loan book growth and earnings

Chinese companies may need majority Indian partners to set up plants

Some global players are pushing for a 50-50 equity structure, pointing out that without such a split, most Chinese firms might not want to share their technology at all

Vedanta board to meet next week to consider fifth interim dividend for FY23

Vedanta Resources had said it had pre-paid all of its debt that was due for repayment till March 2023, deleveraging by USD 2 billion in the past 11 months

NSE, BSE to put Adani Power under short term ASM again starting today

Leading bourses NSE and BSE on Wednesday said they will include Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday

Multiple triggers likely to help Zydus to continue with its outperformance

New launches in the US, market share gains and steady domestic growth are positives

Tata Group planning to inject $2 billion into its super-app Tata Neu

Tata Neu allows users to buy groceries and gadgets as well as reserve airplane tickets and restaurants from brands under Tata

CCI approves ADIA's stake buy in Lenskart under green channel route

Last week, Lenskart announced that it has signed definitive documents for a USD 500 million investment from a wholly-owned subsidiary of ADIA

HAL disinvestment: Offer for sale subscribed two-fold after slow start

Analysts said the disinvestment in HAL will help the stock enter the MSCI India index during its quarterly rebalancing in May

Adani Power sells Support Properties stake to AdaniConnex for Rs 1,556 cr

The ACX is a 50:50 joint venture between Adani Enterprises Limited, which is a promoter group company, and EdgeConneX

Accenture to cut 19,000 jobs as IT spending slows; India impact unclear

Lowers revenue, profit forecast; India impact unclear

BYJU's set to close $250 mn funding round soon at flat valuation

At a group level, BYJU's had said its top priority is to achieve "overall profitability by March 2023"

FRL insolvency: Creditors invite fresh bids, divide assets into 5 clusters

CIRP was initiated against FRL by its lender Bank of India after it defaulted on loans

Jio's new 5G plans may impact Bharti Airtel's key metrics: JP Morgan

The launch of cheaper postpaid plans with unlimited 5G by Reliance's Jio has put rival Bharti Airtel on the back foot in the Indian market and may delay recovery in its key profit metric

Foxconn deal: Karnataka labour laws in focus, Tamil Nadu may follow

Allowing 12-hour shifts for all and nighttime work for women was meant to benefit software firms, but is said to have clinched Foxconn's Rs 8,000 cr investment

Most Indian professionals like to be in office, back hybrid work: LinkedIn

'Desk bombing', 'loud leaving' and Thursday being the new Friday are new workplace trends, say report