Page 58 - Companies

Starbucks Corp names former Reckitt head Laxman Narasimhan as new CEO

Narasimhan was CEO of Reckitt, which also makes Durex condoms, Enfamil baby formula and Mucinex cold syrup

Japan's Nippon Steel aims to almost double Indian unit's output capacity

The expansion plan comes despite a growing concerns about a slowdown in the global economy amid rising interest rates and weaker demand in top buyer China

MCA tweaks rules about company deposits, enhances statutory auditors' role

The new rules, according to experts, will widen the responsibility of directors to the statutory auditors. They came into effect on August 29

Toyota Kirloskar says sales up 17.12% in Aug, cites 'unprecedented orders'

Automobile firm says it is holding orders for Innova Crysta's diesel variant after huge demand for MPV

Delhi HC restrains Dominick Pizza from copying Domino's brand name

Domino's had sought the protection of its mark 'Domino's Pizza', its device mark, and logo

As ad biz takes hit, Meta builds more paid features across its apps

According to The Verge, the new division is Meta's "first serious foray into building paid features across its main social apps"

Breach of cross-holding norms: Fairfax seeks consent settlement with Sebi

Canadian billionaire Prem Watsa's firm holds over 10% stake in two AMCs

Explained: What is the controversy around J&J's talc-based baby powder?

Johnson and Johnson (J&J) has been facing several thousand lawsuits from women who claim that they developed ovarian cancer after using the product

Antrix-Devas arbitration: A timeline of the 11-year-long legal battle

The Delhi High Court has set aside an arbitration award that asked Antrix to pay $562 mn to Devas

Shriram Group lowers growth guidance for merged finance biz in FY23

To slash excess liquidity from a 6-month to 3-month level

After energy and transmission, investment major KKR launches highway InvIT

Its InvITs have a combined value of $3.8 billion and cover 33 assets in 22 states

Minority investors may seek higher dividend as Tata Sons posts huge profit

Firm reports Rs 19,638 crore liability towards AGR dues of Tata Teleservices, makes provisions of Rs 1,148 crore for AGR and is expected to make additional provisions in the years ahead

Centre may drop CEL sale amid ongoing money laundering case against bidder

A case is pending against Nandal Finance at NCLAT; RoC has also filed a winding-up petition against the firm

Mid-sized hotels on aggressive expansion drive as occupancy, rates zoom

Mid-sized hotels have an advantage of better penetration in the tier-2 and tier-3 markets

Foray into paints, B2B e-commerce are set to transform Grasim, says Birla

Both ventures complement existing businesses of Grasim; they cater to a large market, offer access to new customer pools, firm says

Are we allowed to transfer shares to Adani Group firm: NDTV's Roys ask Sebi

NDTV had earlier said Sebi had restrained the Roys from buying, selling or otherwise dealing in securities, directly or indirectly, for a period of two years, ending on November 26 2022

Companies using stay interviews to contain high attrition rates: Report

In the stay interviews, companies have a conversation with their employees to show that they are important to the organisation

RIL 45th Annual General Meeting 2022: What to expect; where to watch

In its 2021 AGM, RIL announced the launch of JioPhone Next and the entry of the company into the green energy sector with a budget of Rs 75,000 crore

Telecom, energy sectors see sharpest earnings cut after Q1

The Nifty earnings per share (EPS) is estimated to grow 9 per cent year-on-year to Rs 785 in FY23, against an earlier expectation of 13 per cent growth to Rs 820

32 cos submit applications for design-led incentive scheme of telecom

As many as 32 companies have submitted applications for Design-led Incentive Scheme (DLI) and Production Linked Incentive (PLI) scheme of telecom, according to an official release. The Design-led Incentive scheme has received an "enthusiastic response" from telecom equipment manufacturers, it said. "A total of 32 companies...have submitted applications. 17 of these 32 companies have applied as Design-led manufacturers and remaining as Production linked manufacturers," the statement said but did not give the names of applicants. Production Linked Incentive scheme in telecom sector was launched in 2021. A total of 31 companies are existing beneficiary for manufacturing of various telecom equipment under the said scheme. Moreover, in order to promote the entire value-chain in telecom manufacturing, design-led PLI was launched in June 2022. It provided additional incentive of 1 per cent over and above the existing incentives for products that are designed in India. The application wi