Page 30 - Companies

Tata Power seeks regulator nod to raise tariffs and offset fuel cost surge

A spike in coal prices has increased cost of generation

Tracing history: Godrej & Boyce's 1st external CEO part of broader trend

Verma was the executive director since 2008 and was then made the president in 2015 of the 14 businesses that include consumer durables, intralogistics, defence, aerospace, among others

IIFCL has sanctioned Rs 8,244 crore loans to develop 20 ports, says MD

State-owned IIFCL has sanctioned Rs 8,244 crore loans to about 20 projects to help add 836 million tonnes per annum (MTPA) of ports capacity, which is one-fourth of India's total cargo volumes, a top company official said. India's total port capacity is about 2,600 MTPA. Of this, 12 major ports' cargo handling capacity stood at 1,598 MTPA as of March 2022. India Infrastructure Finance Company Ltd (IIFCL) has has been extending its financial support to many strategic port projects, including the Paradip Port, Essar Vizag port, Tuticorin, Krishnapatnam, Karaikal. "The latest is the Ramayapatnam port, which reinforces our belief in this very important sector and the potential it holds to improve connectivity, bring down logistics costs, and provide a boost to the economy," IIFCL Managing Director P R Jaishankar told PTI. With investment in three upcoming ports including Ramyapatnam and Bhavanapadu, he said, the capacity would touch 1,000 MTPA with these ports going on stream in a coup

Goldman Sachs plans to lay off hundreds of employees: Report

Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business

JSPL sees 'very good reason' to consider RINL, NMDC: MD Bimlendra Jha

State-owned companies marked out for divestment are attractive assets, he says in interview

Ashneer hits out at BharatPe Chairman, says hiring him 'biggest mistake'

After attacking BharatPe CEO Suhail Sameer, the company's former co-founder and MD Ashneer Grover hit out at Rajnish Kumar, Chairman of board of directors, saying hiring him was his 'biggest mistake'

Musk disables Twitter Spaces after suspending accounts of some journalists

Twitter's live audio service, Twitter Spaces, is down after a number of journalists that had just been suspended from the social network found they could still participate on it

Meta removes 40 accounts of India's CyberRoot Risk Advisory for phishing

Social media giant Meta has taken down over 40 accounts operated by an Indian firm CyberRoot Risk Advisory, allegedly involved in hacking-for-hire services, the online giant said in a report. Meta also took down a network of about 900 fake accounts on Instagram and Facebook operated from China by an unknown entity. These accounts were focused on collecting data of people in Myanmar, India, Taiwan, the US and China, including military personnel, pro-democracy activists, government employees, politicians and journalists, according to the company's Threat Report on the Surveillance-for-Hire Industry released on December 15. "We removed a network of more than 40 accounts on Facebook and Instagram operated by an Indian firm called CyberRoot Risk Advisory Private. Rather than directly sharing malware on our apps, this group's activity manifested primarily in social engineering and phishing, often intended to trick people into giving up their credentials to various online accounts across t

Foxconn building hostel to house 60,000 employees in Tamil Nadu: Report

In response to the strong domestic demand for Apple products and Foxconn's aim to diversify away from China, 'brisk construction' is going on at a 20-acre plot in Tamil Nadu

Wipro signs multi-year deal with Finastra for corp banks in Middle East

IT company Wipro on Thursday said it has signed a multi-year digital transformation partnership with fintech firm Finastra for corporate banks in the Middle East. The multi-year engagement will make Wipro the exclusive implementation and go-to-market partner to deploy Finastra's trade finance solutions in the region, a company statement said. "Corporate banks are key players in the sector and are significantly transforming the way they operate to cope with the ever-evolving industry. Reimagining digital services to improve client experiences and rationalizing platform and operations centres to drive efficiencies are key priorities for the sector. "This exclusive partnership with Finastra will enable us to help clients transform into truly digital platform players," Wipro's Regional Head of Banking, Financial Services and Insurance (BFSI) for Middle East, Mohamad Hamza said. Wipro has been operating in Middle East since last several decades. It is one of the six focus regions that .

India should protect legitimate rights, interests of Vivo: Chinese media

Amid reports that Indian authorities prevented Vivo from exporting smartphones, Global Times said that Indian officials should protect rights and interests of Chinese mobile phone maker

Binance CEO says deposits returning after mega $1.14 bn withdrawals

Amid the FTX collapse saga, customers withdrew $1.14 billion in just 12 hours from leading crypto exchange Binance and according to its CEO, the massive withdrawals were "handled with ease"

Buy a brand or build a brand?

One simple reason why companies acquire brands (and businesses) is because that is an easy way to show growth. But the cost can be huge

CoinSwitch to foray into wealth tech, launches new logo, mobile app

CoinSwitch is expected to launch its new products by 2023 to become the first Indian crypto company to diversify into other asset classes

Logistics services platform Delhivery now live on government's ONDC

Logistics services provider Delhivery on Thursday said its network is now live on the government's Open Network for Digital Commerce (ONDC) platform

Bucking the trend, IT companies in India to increase hiring in 2023: Survey

India is going to be an overall employment gainer in 2023 due to a stable geographical, economic and political foundation: Randstad

Satellite imaging start-up GalaxEye Space gets $3.5 mn seed funding

Company says its technology helps in all-weather imaging without atmospheric interference

Infosys@40: From an idea in a one-bedroom apartment to a $71.41 bn company

The IT services company which was established four decades ago is focusing on cutting-edge innovations in areas such as cybersecurity, cloud computing and data analytics

Twitter must tell fired workers about severance lawsuit, says US judge

Filed by a handful of workers, the suit alleges Twitter failed to give the required 60 to 90 days notice about the mass layoffs and is shortchanging the former employees on severance pay

Twitter suspends accounts tracking Elon Musk's jet and the man behind it

Musk said in a tweet that legal action was being taken against Sweeney and the "organizations who supported harm to my family"