Page 38 - Companies

Jio Financial Services could become fifth largest fin service entity: Study

Reliance firm can disrupt payments business and become a threat to other fintech models, say analysts

'Boomerang CEOs' don't always work out; Disney hopes Iger bucks trend

During Bob Iger's first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp and the broader stock market

OPPO India partners with Skit.ai to launch AI voicebot for customer support

With this implementation, Skit.ai claims its Augmented Voice Intelligence Platform (AVIP) will respond to all OPPO customer queries after business hours, with instant responses and zero waiting time

When Disney decided to dump its CEO Bob Chapek, the change happened fast

While Chapek's rise to the CEO spot in February of 2020 came as a surprise to many, his departure this week was even more shocking

Bob Iger to receive $27 million yearly for return as Walt Disney CEO

Iger will receive a base salary of $1 mn and a bonus equal to that amount, according to a filing by the company on Monday. In addition, he'll receive stock awards with target value of $25 mn each year

Twitter influences some people's jobs but it isn't helping your career

In an era when all workers are supposed to sustain a personal brand that in theory will insulate us from job losses, something important could be lost if the site disappears

Slow and poor recovery of avoidance transactions, shows IBC data

Slow progress: Recovery of avoidance transactions less than 0.3%

Export opportunities limited right now: JSW Steel's Seshagiri Rao

Withdrawal of export duty may not increase volumes will boost sentiment, he says

Aditya Birla Capital to seek regulator role in RCap resolution process

Warns it will seek intervention if RCap's Administrator ignores its demand for additional info on the company

Clean Electric raises $ 2.2 million funding round led by Kalaari Capital

Energy storage solutions startup Clean Electric on Monday said it has raised USD 2.2 million (about Rs 18 crore) in a funding round led by early-stage venture capital firm Kalaari Capital. Besides, Climate Angels, which invests in early-stage pollution reduction and climate tech startups, has also invested in the company along with the participation of LV Fund, 7Square Ventures, and CIIE Regional Innovation Foundation in the seed funding round, the startup said in a statement. The company plans to set up a manufacturing facility in Pune to produce 5,000 battery packs per month with the funding, it said. Also, the funds will also be utilised for expanding R&D, sales and operations teams, apart from developing new products around faster charging, renewable energy storage, and battery swapping, it added. The startup said it has built liquid-cooled battery solutions for two-wheeler, three-wheeler, and battery swapping applications.

Diamond Power Infra seeks shareholders' nod to raise borrowing limit

Diamond Power Infrastructure will seek shareholders' approval to raise its borrowing limit to Rs 3,000 crore in its annual general meeting on December 14, according to a regulatory filing. It company requires to borrow funds from time to time to meet both its short and long-term business objectives from various external agencies like banks, financial institutions, bodies corporate, individuals or other kinds of lenders. The total amount of such borrowings as well as the outstanding at any time cannot exceed the aggregate of paid-up capital and free reserves of the company, except with the consent of the members as per Companies Act 2013, it explained. The company felt that the existing limit is not adequate and needs enhancement, accordingly, the resolution has been proposed to increase the borrowing limit to Rs 3,000 crore, the filing said. Its Board of Directors recommended the resolution as set out in item no 8 of the accompanying notice for the approval of the shareholders as a

Byju's-owned Great Learning likely to cross Rs 1,000 crore revenue in FY23

The firm is expanding in regions such as India, North America, Latin America, Africa, and Southeast Asia and is also planning to acquire various companies in these markets

India becomes e-sports gaming hub with Valorant, BGMI tournaments

While still in its infancy compared to the US, China and Japan, investors are betting on huge growth in Indian esports -- powered by one of the world's youngest populations and cheap mobile data

Asian businesses embrace work from home but bosses say no to four-day week

Attitudes vary across the region. Singapore, Australia and New Zealand are most likely to embrace flexible working. China, Japan and India are the least receptive to it

Companies can add $460 bn to profits with better AI implementation: Study

three things companies need for these gains are improved data practices, trust in advanced AI, and AI integration with business operations

Moonlighting: People continue to seek side gigs amid demand for tech skills

Job search and gig work platforms say these are mostly low-paid assignments

Maersk, JSW and Essar Ports join the race for divestment of Concor

The latest development comes at a time when reports indicate that Maersk is planning to double its warehousing presence in India in the next one year

Advertisers take position as Viacom18 goes digital with FIFA World Cup

Viacom18's initiative to offer the tournament for free on JioCinema app expected to boost viewership

India is catching up but the road is still long, say women leaders

For most women chief executive officers (CEOs) in India, the real job begins after overcoming this one big additional hurdle - to be accepted as the leader

India, EU regulators standoff over clearing houses to affect BNP to HSBC

Recent changes in European Market Infrastructure Regulation demanded that ESMA must establish cooperation arrangements with countries that has their own central counterparties