Page 13 - Companies

Pakistan's biggest firms halt operations amid raw material, forex shortage

Pak's $3.19 bn in foreign currency reserves mean that the nation is unable to fund imports, stranding thousands of containers of supplies on its ports and stalling production, putting jobs at risk

Twitter's two India offices vacant as social media firm cuts costs

Sources said that no one has reported at Twitter's office at the WeWork facility in the Bombay-Kurla Complex (BKC)

Why related party transactions may need more regulatory attention

The practice picked up during the pandemic, come into focus as Adani controversy unfolds

Adani's crisis to spark democratic revival in India, says George Soros

The fallout from US short seller Hindenburg Research's attack on the conglomerate threatens to hurt investor confidence in India, has fueled concerns about the country's regulatory framework

Visa CFO Vasant Prabhu set to retire after firm gets new leadership

Prabhu has been Visa's CFO since 2015. He oversaw its finances at a time when profits soared, the firm added hundreds of millions of cardholders

Air India order for 840 planes, with 370 as options: Airline executive

Order of 840 aircraft a culmination of a fascinating two-year journey: CCTO

S&P puts Adani Transmission's ESG rating under review on governance issues

Will closely monitor developments, including any investigations by the Indian regulators and any additional disclosures by the Adani group, S&P said in a statement

Indian consumer goods makers bet on rural recovery to lift profits

A nascent revival in rural demand is likely to prop profits at Indian consumer goods companies in the March quarter, as improving income and credit disbursal allow buyers to spend more on branded oils

Blinkit starts new feature allowing brands to have customised stores on app

Sellers on instant-delivery platform can track performance of products, highlight them

62% of firms in India want to hire freshers in the first half of 2023

This is nearly 4.5 times higher than the global average of 14 per cent

Borrowing blitz makes Adani's empire even more vulnerable amid worst crisis

The conglomerate, with businesses stretching from ports to renewable energy, tapped international bond buyers for more than $8 billion in recent years

Surf Excel becomes first Indian home care brand to top $1 bn annual sales

With a total sales of Rs 8,200 crore in 2022, Surf Excel also became HUL's first brand to reach the milestone

Apple pushes back mixed-reality headset debut 2 months to June amid issues

Apple made the decision to delay the launch earlier this month after product testing showed that both hardware and software issues

Meta boosts spending on Zuckerberg's security despite 'Year of Efficiency'

Meta, the parent company of Facebook and Instagram, is increasing its pretax spending on Zuckerberg's personal security to $14 million in 2023

Why ABB's good fourth quarter numbers may not boost its share price

While global slowdown may limit growth and margins may have peaked, analysts are divided with target prices ranging between Rs 2,820 and Rs 3,370

RE firm SWREL seeks India expansion by working with large corporates

Engineering major will participate in projects where supply and land risk is not there: CEO

Ola Electric to have 500 experience centres for customers by March

Outlets manage post-sales care and maintenance of company's electric scooters

Apple to scrutinise customer history for new 'buy now, pay later' service

The Apple Pay Later service - announced last year but still in the testing phase - will evaluate borrowers based on their spending history and even which of the company's devices they own

Govt to try merging BSNL & MTNL again, appoints Deloitte as advisor: Report

Given the complexity involved in the merger, it will take about two years to complete the whole process

Roomba vacuum maker iRobot to lay off 7% of workforce as revenue sinks

Robot vacuum cleaner maker iRobot has announced to cut around 7 per cent of its workforce or about 85 employees.