Page 20 - Companies

Fraud can not be obfuscated by nationalism: Hindenburg on Adani's rebuttal

The US-based short seller said that the Adani Group 'tried to lead the focus away from substantive issues and instead stoked a nationalist narrative'

CPP Investments anchors new IndoSpace fund with $205 mn investment

Investment will add an additional 25-30 million square feet to real estate firm's portfolio

RE company SolarArise sells portfolio to LSE-listed investment trust

Indian company has a portfolio of solar power projects in five states

Adani strikes back at Hindenburg. But can he win the perception war?

The Adani group has lost $50 billion in stock-market value over two trading days

Core group of secretaries to hold meeting today to clear Concor EoI

The meeting is to be chaired by the cabinet secretary

BharatPe paid Rs 1.69 cr salary to Ashneer, Rs 63 lakh to his wife in FY22

Fintech platform BharatPe paid a salary of Rs 1.69 crore to Ashneer Grover in FY22, while his wife Madhuri Jain Grover who was former head of controls at the company took home Rs 63 lakhs

Developers pan Google's 'delay tactics' even as it begins heeding CCI order

They say Google has not yet clarified on commissions and fees, and is exploiting loopholes like it did in Europe and South Korea

Rolls-Royce's performance 'unsustainable', says CEO Tufan Erginbilgic

The new CEO Erginbilgic told employees that they lose money in every investment and investors were losing patience with the engineering group

What really worries Indians about Gautam Adani and his companies

If Adani's companies can deliver a fraction of what he has pledged, then perhaps, in time, they might even grow into the valuations they have already achieved on paper

Hindenburg vs Adani: Short selling not shareholder activism, says InGovern

No new facts in Hindenburg report about Adani Group, says corporate governance firm

Adani Group poses no significant downside risk to Indian banks: CLSA

CLSA said that even though the group's bank debt has increased 25 per cent in the past three years, the share of bank debt in overall group debt has reduced

Marginal growth in demand expected in 2023: JSW Steel's Seshagiri Rao

The world economy is not growing in a robust manner so I don't expect a big turnaround in steel demand as seen in 2021, says Rao

Microsoft-owned GitHub crosses 100 mn developers, over 10 mn in India alone

Microsoft-owned open source developer platform GitHub has reached 100 million members globally, and is growing fast in India too where it has crossed 10 million developers on the platform

Corporate India's new mantra for employees on leave: Do Not Disturb

Plan your own leave, unlimited paid vacation days, and multiple leave options are India Inc's attempt at respecting time off

Bikaji Foods posts PAT of Rs 33.05 cr, total income increases 15.8% y-o-y

The company has also reappointed Sachin Kumar Bhartiya as a Non-Executive and Non-Independent Director

Dow Inc is planning to cut about 2,000 jobs, almost 5% of its workforce

Materials science company Dow is cutting about 2,000 jobs, or approximately 5 per cent of its global workforce, as part of an effort to reach USD 1 billion in cost savings this year. The Midland, Michigan-based company currently employs approximately 37,800 people. Dow Inc. will take a charge of USD 550 million to USD 725 million in the first quarter. This mostly includes severance and related benefit costs; costs related to exit and disposal activities and asset write-downs and write-offs. Dow did not provide specifics but said it would evaluate assets with a focus on Europe. The company also reported a fourth-quarter profit of USD 613 million, or 85 cents per share. Its adjusted profit was 46 cents per share, below the 57 cents per share that analysts surveyed by Zacks Investment Research were calling for. Revenue totalled USD 11.86 billion, missing Wall Street's estimate of USD 12.03 billion. In the fourth quarter, Team Dow continued to proactively navigate slowing global grow

Continue FAME subsidy till EV penetration touches 10%: Greaves Electric CEO

The govt subsidy for the purchase of EV to the vehicle makers should continue till the market reaches an EV penetration of 8-10 per cent, said a top official of Greaves Electric Mobility Private Ltd.

Easy Trip Planners Ltd to acquire 55% stake in Glegoo Innovations

Online travel service provider, Easy Trip Planners Ltd on Wednesday said it will acquire a 55 per cent stake in Glegoo Innovations Pvt Ltd, an online travel and tours firm, for Rs 3 crore. The company signed a share purchase agreement with Glegoo Innovations Pvt Ltd on January 24, 2023, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. The board of the company has considered and approved the acquisition, it added. Glegoo will add a new revenue vertical for the company and enable it to scale up its business for online tours and travel related services, it added. Registered with the Registrar of Companies Vijayawada, Glegoo is in the online travel and tours related services, the company said.

Indian SaaS firms to have 8% of world market, get $35 bn in revenue: Study

Most Indian investors expect to increase, maintain capital allocation to sector

Maruti Suzuki begins probe into alleged purchasing dept wrongdoings

Investigation follows whistleblower complaint that executives took money from suppliers