Page 12 - Companies

Fibe crosses Rs 10,000 cr in loan disbursals, aims to double AUM every year

Launches upgraded app with conversational user interface as firm turns seven

Fresh blow to Adani after Wikipedia claims entries on group manipulated

In its report, The Signpost alleged that over 40 sock puppets or undeclared paid editors created or revised 9 articles on the Adani family and their businesses

Adani's older brother plays opaque, powerful role at embattled dynasty

Vinod Adani, through several close associates, manages a vast labyrinth of offshore shell entities," the report said identifying entities in Mauritius, Cyprus, the United Arab Emirates

McKinsey plans to cut about 2K jobs in one of its biggest rounds of layoffs

The plan is expected to be finalized in the coming weeks, and the final number of roles to be eliminated from its 45,000 workforce could still change

Wipro salary cut for Turbo freshers raises alarm bells for Elite candidates

On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA

Mukesh Ambani's conglomerate to stream IPL for free after paying $2.7 bn

Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani's conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion

Airlines turn market darlings as Covid-19 forces financial clean up

Virgin Australia, so financially frail when Covid-19 hit in 2020 that it folded in weeks, has undergone a remarkable transformation under new owner Bain Capital

Tesla board misrepresented Elon Musk's $55 billion pay package, says lawyer

Board members filled proxy disclosures with "half-truths" about the package, which would be the largest-ever awarded to a CEO, the lawyer, Greg Varallo, said Tuesday

Adani Group isn't India, but its troubles mirror the nation's woes

The target of Hindenburg Research's attack is the Adani Group, which aggressively marshaled capital from around the world into India's unmet aspirations

BS Awards for Corporate Excellence: Power-packed jury to pick winners today

Chaired by K M Birla, the 8-member panel will select best in corporate India across 7 categories

Rajan Amba to take over as JLR managing director, succeeds Rohit Suri

Appointment comes at a time when JLR is facing supply chain issues hampering its production

Intangles raises $10 mn in series A funding from Baring PE Partners

The funding will be utilised for serving a robust new customer pipeline, expanding global presence and accelerating hiring to augment product engineering, sales and delivery teams, Instangles said

Diagnostics sector looks to raise prices with new entrants revising rates

Online players had kept rates low, but with Covid time volumes gone, the trend is changing

Kalpataru Power, its international arms bag orders worth Rs 3,185 crore

Kalpataru Power Transmission on Monday said it has bagged orders worth Rs 3,185 crore across various business segments in the domestic as well as international market. Kalpataru Power Transmission Ltd (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 3,185 crore, a company statement said. These include orders in the T&D (transmission distribution) business of Rs 1,481 crore and EPC (engineering procurement construction) projects in the water business of Rs 1,509 crore, a company statement said. There is a commercial building project of Rs 195 crore also, it added. "We are witnessing a significant uptick in the Water and T&D business, which we believe will be a major growth driver for us going forward," said Manish Mohnot, Managing Director & CEO, KPTL. With these order wins, the company order intake for the financial year 2022-23 stood at Rs 22,672 crore, he added. KPTL is one of the largest specialized EPC companies engaged in .

NHPC shareholders approve Rajeev Kumar Vishnoi's appointment as CMD

State-run hydro power giant NHPC has received the approval of shareholders for the appointment of Rajeev Kumar Vishnoi as its Chairman and Managing Director. "The votes cast by the members of the company in favour of the resolution(s) are more than the requisite majority, and therefore, the resolutions are deemed to be passed," a BSE filing stated. The shareholders also approved the appointment of Mohammad Afzal, Joint Secretary, Ministry of Power, as Government Nominee Director on the Board of the Company. The Ministry of Power on December 13, 2022, communicated the ex-post facto approval of competent authority to entrust the additional charge of the post of Chairman & Managing Director (CMD), NHPC to Rajeev Kumar Vishnoi, who is also CMD, THDC India Ltd, for a period of six months from September 1, 2022, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest. Vishnoi assumed the charge of the post of NHPC Chairman & ...

Ola Electric plans to build world's largest EV hub in India for Rs 7,610 cr

The hub, spanning 2,000 acres (809 hectares) in the southern Indian state of Tamil Nadu, will be used for manufacturing electric two-wheelers, cars and battery cells

Vedanta's plan to trim debt hits roadblock as govt opposes Hind Zinc deal

The government has threatened to take legal action to stop Agarwal's Vedanta Group from selling the unit to its subsidiary Hindustan Zinc Ltd., which is around 30% state-owned

Blackout: Why has the broadcaster-cable operator fracas come to a head?

The issue has been fermenting since TRAI raised the price cap for a TV channel from Rs 12 to Rs 19

Hindenburg effect: Adani maps comeback strategy after $132 billion rout

The ports-to-power conglomerate helmed by Adani - who used to be Asia's richest person - is hoping to claw back the narrative with this playbook and calm jittery investors and lenders

Tesla considering takeover of battery-metals miner Sigma Lithium Corp

Sigma Lithium is one of multiple mining options Tesla is exploring as it mulls its own refining