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Page 36 - Companies

Most rated Cos have buffer to manage rupee depreciation, says Moody's

Most of the rated Indian non-financial companies have sufficient buffers to withstand the rupee depreciation against the US dollar, said Moody's Investors Service on Tuesday.

Most rated Cos have buffer to manage rupee depreciation, says Moody's
Updated On : 29 Nov 2022 | 6:57 PM IST

India's EaseMyTrip to step up acquisitions, sees strong Q3, says Co-founder

"We are looking to acquire profitable, asset-light and tech-driven businesses in travel," Prashant Pitti, co-founder of EaseMyTrip, said in an interview on Reuters' Trading India chatroom

India's EaseMyTrip to step up acquisitions, sees strong Q3, says Co-founder
Updated On : 29 Nov 2022 | 6:55 PM IST

Ashok Leyland appoints Sanjay V Jorapur as President, Human Resource head

Hinduja group flagship Ashok Leyland has appointed Sanjay V Jorapur as its president and head-human resources, the city-headquartered company said on Tuesday. Jorapur succeeds Amanpreet Singh, who would now move on to a senior role at Hinduja Group in Mumbai. "Sanjay joins a strong leadership team and brings close to three decades of rich experience to Ashok Leyland. People are foundational pillars for us to achieve our vision." Ashok Leyland executive chairman Dheeraj G Hinduja said. Sanjay will drive the 'People' agenda in line with contemporary global practices and steer the company's human resources strategy in the current transformational context, Hinduja said. Jorapur has leadership level experience in technology, engineering and automation domains. He earlier served HFCL Group as its president, group human resources, the statement said.

Ashok Leyland appoints Sanjay V Jorapur as President, Human Resource head
Updated On : 29 Nov 2022 | 4:32 PM IST

Centre to soon merge social security contributions by small firms: Report

Currently, the companies have to make separate payments towards the Employees' Provident Fund Organisation (EPFO) and Employees' State Insurance Corporation (ESIC)

Centre to soon merge social security contributions by small firms: Report
Updated On : 29 Nov 2022 | 10:31 AM IST

Flipkart to go for $700 million ESOP buyback during PhonePe funding: Report

The round will readjust Flipkart's valuation from $37.6 billion to $33 billion and PhonePe will have a separate shareholding structure

Flipkart to go for $700 million ESOP buyback during PhonePe funding: Report
Updated On : 29 Nov 2022 | 10:23 AM IST

iPhone 14 Pro wait times hit new peak after disruptions at China factory

Customers buying Apple's most premium devices in the US this year can now expect to wait as long as 37 days, according to Counterpoint Research

iPhone 14 Pro wait times hit new peak after disruptions at China factory
Updated On : 29 Nov 2022 | 8:59 AM IST

Agnikul first pvt firm to build launchpad & mission control centre in India

Development follows Skyroot Aerospace's launch of Vikram-S rocket on a sub-orbital flight from Sriharikota on Nov 18

Agnikul first pvt firm to build launchpad & mission control centre in India
Updated On : 28 Nov 2022 | 11:14 PM IST

Max Financial Services gets Irdai nod to acquire residual stake in Max Life

This transaction is expected to be completed in the next fortnight, the company said in a statement on Monday

Max Financial Services gets Irdai nod to acquire residual stake in Max Life
Updated On : 28 Nov 2022 | 10:54 PM IST

In a first, Rolls-Royce successfully tests hydrogen-powered jet engine

The ground test, using a converted Rolls-Royce AE 2100-A regional aircraft engine, used green hydrogen created by wind and tidal power, the British company said on Monday

In a first, Rolls-Royce successfully tests hydrogen-powered jet engine
Updated On : 28 Nov 2022 | 7:56 PM IST

SaaS platform Biz2X says it plans to hire 250 people by 2023 in India

Focus is to retain the right talent keeping in perspective the layoffs happening in the start-up ecosystem, says senior VP Anupama Garg

SaaS platform Biz2X says it plans to hire 250 people by 2023 in India
Updated On : 28 Nov 2022 | 1:01 PM IST

Car sharing platform Zoomcar appoints Naveen Gupta as India's head

Domestic car sharing marketplace Zoomcar announced the appointment of Naveen Gupta as Vice President and Country Head for India

Car sharing platform Zoomcar appoints Naveen Gupta as India's head
Updated On : 28 Nov 2022 | 12:20 PM IST

Foxconn offers up to $1,800 bonus to workers to stay in China's iPhone city

Foxconn, also known as Hon Hai Precision Industry Co., will top up wages by as much as 13,000 yuan per month in December and January for full-time workers

Foxconn offers up to $1,800 bonus to workers to stay in China's iPhone city
Updated On : 28 Nov 2022 | 8:54 AM IST

Will Elon Musk's plan to hire engineers in India still find takers?

Engineers wary, given Musk's unpredictability; HR experts and campuses not so much

Will Elon Musk's plan to hire engineers in India still find takers?
Updated On : 26 Nov 2022 | 2:50 PM IST

US regulators ban Huawei, ZTE Telecom equipment on data-security risk

''These new rules are an important part of our ongoing actions to protect the American people from national security threats involving telecommunications''

US regulators ban Huawei, ZTE Telecom equipment on data-security risk
Updated On : 26 Nov 2022 | 11:02 AM IST

India considers selling small stakes in its mammoth coal, zinc miners

The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, Rashtriya Chemicals and Fertilizers Ltd via the so-called offer-for-sale mechanism

India considers selling small stakes in its mammoth coal, zinc miners
Updated On : 25 Nov 2022 | 11:58 PM IST

Delhi HC grants bail to former YES Bank MD Kapoor in money laundering case

The Delhi High Court on Friday granted bail to former MD and CEO of YES Bank, Rana Kapoor, in a money laundering case being probed by the Enforcement Directorate. The order was pronounced by Justice Sudhir Kumar Jain on the bail application by Kapoor. The case pertains to Enforcement Directorate's probe against Gautam Thapar, Avantha Realty Ltd (ARL), Oyster Buildwell Pvt Ltd (OBPL), and several others alleging criminal breach of trust, cheating, criminal conspiracy, and forgery for diversion or misappropriation of public money during the 2017 to 2019 period. The agency had earlier told the trial court that the investigation revealed that approximately Rs 500 crore proceeds of crime were laundered through OBPL, Jhabua Power Limited (JPL), Jhabua Power Investment Ltd. (JPIL), Avantha Power and Infrastructure Ltd (APIL), ARL, etc. which were being controlled and beneficially owned directly or indirectly by Thapar. The trial court had, in October last year, taken cognizance of ED's ..

Delhi HC grants bail to former YES Bank MD Kapoor in money laundering case
Updated On : 25 Nov 2022 | 11:37 PM IST

NDTV takeover a responsibility, not business opportunity: Gautam Adani

Adani wants to build a global news brand; plans to invest $4 bn in a petrochemical complex

NDTV takeover a responsibility, not business opportunity: Gautam Adani
Updated On : 25 Nov 2022 | 11:04 PM IST

Trident Realty to invest Rs 3,000 cr over 7-8 years in Panchkula project

The company will use the investment in its recently launched luxury residential project, Trident Hills, an integrated luxury township in Panchkula, to develop the new project

Trident Realty to invest Rs 3,000 cr over 7-8 years in Panchkula project
Updated On : 25 Nov 2022 | 2:38 PM IST

ICBC leads big banks to offer $179 bn aid to China's real estate developers

China's priority has been to ensure that unfinished homes get completed, while supporting the stronger firms that have so far survived the crisis

ICBC leads big banks to offer $179 bn aid to China's real estate developers
Updated On : 25 Nov 2022 | 9:29 AM IST

Gautam Adani's $5 bn bet aimed at silencing debt-obsessed critics

Gautam Adani is seeking legitimacy in the face of questions about his group's breakneck expansion from a traditional port operator to a sprawling empire

Gautam Adani's $5 bn bet aimed at silencing debt-obsessed critics
Updated On : 25 Nov 2022 | 8:36 AM IST