Page 46 - Companies

Elon Musk to replace Parag Agrawal as Twitter CEO, reverse life bans

Elon Musk plans to assume the role of CEO at Twitter Inc after completing his $44 billion acquisition, taking the helm of the social media giant on top of leading Tesla Inc. and SpaceX

Big tech's dirty supply chains undercut climate promises from headquarters

Amazon.com Inc, Microsoft Corp, and Alphabet Inc have pledged to run their own operations on 100 per cent clean power. But their suppliers remain deeply reliant on fossil fuels

Tesla engineers visit Twitter office to meet product leads, review code

Elon Musk asked engineers from Tesla Inc., the electric-car maker he runs, to meet with product leaders at Twitter Inc., moving swiftly to make a mark on the company

Twitter CEO among top executives departing as Elon Musk takes over

Twitter Inc CEO Parag Agrawal is among executives planning to depart as Elon Musk completes his $44 billion deal to take over the social network

BS Number Wise: Indian deal-making enters the slow lane, shows data

There is less money for companies as buyers slow down transactions amid geopolitical tension and higher capital cost.

India is becoming world's start-up capital: Microsoft India's Sangeeta Bavi

Start-ups going through ups and downs is a reflection of the economy and the market, says Bavi

Samsung scion Jay Y. Lee takes helm of South Korean technology empire

The decision emerged the same day his company reported disappointing earnings and warned it didn't foresee a recovery in technology demand till the second half of 2023

Meta's Instagram reaches 2 billion users, closing in on Facebook

The company disclosed the number during an otherwise-gloomy earnings report Wednesday, when a shaky ad market clouded Meta's forecast and sent its shares tumbling

Price hike is the last thing on our mind: Dabur India CEO Mohit Malhotra

'We are very reluctant because price rise has an impact on the demand as well as the volume growth', he said

Dabur India to acquire majority stake in Badshah Masala for Rs 587 crore

Acquisition in line with its strategic intent to expand its food biz to Rs 500 crore in 3 years

Housing sales in tier-1 cities in 2022 set to cross previous peak of 2014

Total sales in top-7 cities is expected to exceed 360,000 units this year; the previous peak in the year 2014 was 343,000 units

Telcos need to install atleast 10K 5G towers per week: Ashwini Vaishnaw

Vaishnaw said deadline for receiving comments on draft Telecom bill may be extended to November 10 but not beyond that.

Trai to push DoT for separate license for wholesale access network provider

Trai to again write to DoT arguing its case; move to see creation of new industry vertical in telecom space, bring in more domestic and foreign players

Zee, Sony agree to sell three Hindi channels to address CCI concerns

Big Magic, Zee Action and Zee Classic are all part of Zee network; the merging firms have a combined viewership share of 36% in Hindi general entertainment, and 33% in Hindi movies

LG Energy Solution swings to profit in Q3 on strong EV battery demand

LG Energy Solution Ltd said it shifted to the black in the third quarter from a year earlier on the back of robust demand in electric vehicle (EV) batteries and a weaker Korean won currency

Poor quarterly show by US tech giants triggers $380 bn wipe off in m-cap

Disappointing quarterly updates from the Google parent, as well as Microsoft Corp. and semiconductor giant Texas Instruments Inc., triggered a selloff threatening to wipe more than $380 billion

Landlines in the time of 5G: Private sector getting serious about business

The latest data from the Telecom Regulatory Authority of India (Trai) showed Reliance Jio at 28.31% market share in wireline subscribers, ahead of BSNL at 27.46% and Bharti Airtel at 23.86%

Apps and payments: What is the controversy about Google Play Billing System

Tech giant defends itself as Competition Commission fines it Rs 936.44 crore for unfair business practices

Gland Pharma's Q2 net dips 20.14% to Rs 241.24 cr; India revenue down 42%

Gland Pharma Ltd on Wednesday reported a 20.14 per cent decline in consolidated net profit at Rs 241.24 crore for the second quarter ended September 30, on lower sales and higher expenses. The company had posted a consolidated net profit of Rs 302.08 crore in the same period last fiscal, Gland Pharma said in a regulatory filing. The consolidated revenue from operations during the period under review were at Rs 1,044.4 crore, as against Rs 1,080.47 crore in the year-ago period, it added. Total expenses were higher at Rs 785.95 crore, as compared to Rs 731 crore in the same period a year ago, the company said. Gland Pharma said revenue from its core markets of US, Europe, Canada and Australia grew by 3 per cent to Rs 747.5 crore in the second quarter, as against Rs 722.5 crore in the corresponding period last fiscal. However, India revenue was down 42 per cent at Rs 72.6 crore, as compared to Rs 125.8 crore in the year-ago quarter, while the same for the 'rest of the world' market w

Go First takes two ECLGS loans totaling Rs 203.5 crore amid cash crunch

Go First's loss more than doubled to Rs 1,807.91 crore in FY22 due to US-based Pratt and Whitney's delay in supplying engines and multiple waves of Covid-19 that affected air travel