Page 24 - Companies
Google's argument in SC against CCI order contradictory: Indus OS CEO
US tech giant argues regulator's order will stall growth of the Android ecosystem in India
 "Google's argument in SC against CCI order contradictory: Indus OS CEO")
NCLT clears transfer of Jet Airways' ownership to Jalan-Kalrock Consortium
JKC now has six months to settle its dues and take control of the airline
 "NCLT clears transfer of Jet Airways' ownership to Jalan-Kalrock Consortium")
Ola Cabs starts laying-off employees; issues pink slips to 200 people
The company has handed pink slips to 200 people across tech, engineering and product teams as a part of its "restructuring exercise"
 "Ola Cabs starts laying-off employees; issues pink slips to 200 people")
Co-heads of business at $4.3 bn Centrum Wealth asked to leave the firm
The board of the Mumbai-based firm asked managing directors Ganashyam S. and Arpita Vinay to leave due to a "loss of confidence,"
 "Co-heads of business at $4.3 bn Centrum Wealth asked to leave the firm")
L&T partners with H2Carrier to develop floating green hydrogen projects
L&T strongly believes its expertise in ammonia and hydrogen production makes it an 'ideal partner' for H2C in this venture
 "L&T partners with H2Carrier to develop floating green hydrogen projects")
Ratan Tata sets up new endowment trust, likely to fund charities in future
Trusts and foundations are typically set up for estate planning, not investments
 "Ratan Tata sets up new endowment trust, likely to fund charities in future")
Coca-Cola's bottling arm to revive plans to sell its business: Report
HCCB will sell Coca Cola's 16 factory units and it might take 12 months to conclude the deal
 "Coca-Cola's bottling arm to revive plans to sell its business: Report")
Tata Group planning to set up EV cell-manufacturing operations in Europe
Tata is finalizing plans and will announce details soon, he said, declining to disclose the location of the facility and a time frame
 "Tata Group planning to set up EV cell-manufacturing operations in Europe")
G.O.A.T Brands acquires lifestyle firm Chumbak for undisclosed amount
D2C brand buys four other brands it didn't name as it seeks expansion
 "G.O.A.T Brands acquires lifestyle firm Chumbak for undisclosed amount")
TCS announces 100% variable pay for 70% of its employees for third quarter
TCS announced 100 per cent variable pay for its grade C2 employees, and the remaining 30 per cent or senior employees will get variable pay in line with their business performance
 "TCS announces 100% variable pay for 70% of its employees for third quarter")
A matter of governance: When independent directors call it quits midway
Most independent directors who quit do not explain why they are leaving before the end of their terms
 "A matter of governance: When independent directors call it quits midway")
Amazon gets Pune labour commissioner notice after complaint about layoffs
Ecommerce giant recently announced it would lay off 18% of its workforce globally
 "Amazon gets Pune labour commissioner notice after complaint about layoffs")
Price hike due to new BS VI norms will be within 5%: VECV CEO Aggarwal
Auto industry has 'mostly overcome' semiconductor issue, says leader of Volvo Eicher Commercial Vehicles
 "Price hike due to new BS VI norms will be within 5%: VECV CEO Aggarwal")
Tata reviews digital strategy for super app as sales may miss target by 50%
Tata Neu which went live in April, will see sales of about $4 billion in the year to March 31 compared with the $8 billion target set at the beginning of 2022
 "Tata reviews digital strategy for super app as sales may miss target by 50%")
EnKash gets RBI's in-principle nod to operate as online payment aggregator
On Tuesday, Hitachi Payment Services and BharatPe also received in-principle authorisation to operate as payment aggregators
 "EnKash gets RBI's in-principle nod to operate as online payment aggregator")
VECV unveils new intercity electric bus to cover travel upto 500 km
VE Commercial Vehicles (VECV) on Wednesday unveiled a range of vehicles, including an intercity bus that can travel up to 500 kilometer with a mix of depot and 30-40 minute opportunity charging during a journey. VECV, a joint venture of Volvo Group and Eicher Motors, unveiled 13.5 meter long electric intercity coach, Eicher Pro 2049 electric 4.9 T GVW Truck, which it claims to be the longest EV in the segment. "It will cover around 300-350 kilometer on a single depot charge of about six hours and with an opportunity charge of 30-40 minutes during the journey, it can travel next 150-200 kilometer, " VECV President for Bus Division Akash Passey told PTI. Meanwhile, Eicher unveiled LNG and CNG-based Eicher Pro 8055 truck that can switch to CNG fuel by a switch provided in the vehicle. Volvo Trucks showcased Volvo FM LNG 420 4X2 tractor. Senior officials of the company said the tractor is undergoing trials with leading e-commerce operators in long-haul hub-to-hub operations. VECV ...
 "VECV unveils new intercity electric bus to cover travel upto 500 km")
Reliance Retail to turn Metro stores into destination retail outlets
Metro sold only to business customers as its German parent had to comply with India's FDI norms
 "Reliance Retail to turn Metro stores into destination retail outlets")
NCLAT declines stay on CCI's Rs 936 cr Google penalty, asks firm to pay 10%
The NCLAT, on January 4, had refused an interim stay on an order of the competition regulator imposing a Rs 1,337 crore penalty on Google
Ashok Leyland showcases six commercial vehicles at the Auto Expo 2023
Auto Expo 2023: The vehicles showcased were 'green' powered by electric options and hydrogen
 "Ashok Leyland showcases six commercial vehicles at the Auto Expo 2023")
Maruti Suzuki unveils concept electric SUV 'eVX' at Auto Expo 2023
Maruti Suzuki also displayed its range of 'sustainable' cars like the WagonR Flex Fuel prototype, Brezza S-CNG and Grand Vitara Intelligent Electric Hybrid at the Expo
 "Maruti Suzuki unveils concept electric SUV 'eVX' at Auto Expo 2023")
