Page 60 - Companies

India probes may adversely affect operating results or cash flows: Xiaomi

Chinese smartphone maker Xiaomi on Friday said the ongoing investigations and allegations in India could take a long period of time to settle that may adversely affect its operating results.

Hong Kong's AMTD, whose stock soared 32000%, faces regulatory scrutiny

The previously unreported probe by Hong Kong's securities watchdog into AMTD Group Co., which is run by former UBS Group AG banker Calvin Choi, predates the US listing of its unit AMTD Digital Inc

Over 59% employers keen on hiring freshers in July-December 2022: Report

Over 59 per cent of employers in India are keen on hiring freshers during the second half of 2022, 12 per cent more than the first half of this year, according to a report

Indian employees likely to see bigger salary hike in 2023, says report

Some of the sectors which have been included in the survey are- financial services, banking, and technology, media and gaming

Dunzo Daily to increase delivery time and reduce distance: Report

Company backed by Reliance Retail won't expand to new cities after burning more than Rs 100 cr in the last quarter

Flipkart $100 mn venture fund invests in 6 startups, will mentor them

Companies with a range of innovations will receive an equity investment of up to $500,000

More steam left in Bajaj Finance stock's rally, 20% uptick likely: Analysts

Lender could clock 40% annual profit growth between FY22-24

E-commerce solution provider Graas raises $40mn in funding round

Graas, a solution provider the for e-commerce industry, said on Wednesday that it has raised more than $40 million in the first close of a funding round.

Chai Point aims to become profitable in 2 qtrs, will expand business: CEO

Bengaluru-based startup plans bigger business for its brewing system and packaged product divisions.

EV charging start-up Exponent Energy raises $13mn in series A funding

Exponent Energy, an electric vehicle charging start-up, said has raised $13 million in a Series A funding round led by Lightspeed and attended by institutional investors.

Hero MotoCorp: Q1 disappoints, but there's hope of a better second half

Volumes and margins are expected to improve on the back of a good monsoon and decline in raw material costs, respectively

Syrma SGS Technology IPO: Issue subscribed 85% on the second day

Retail investor portion of the issue was subscribed 1.5 times, while high net-worth individual portion was subscribed 63 per cent

Six-day work weeks won't work anymore for new talent, says report

According to a report, companies with 6-day work weeks have to settle for leftover talent

Indian brands that made the world sit up and take notice

Independent India had many a brands that defined the segments they represented. From attacking social stereotypes to promoting national integration, these brands have done more than just sell products

Not getting probed for any financial irregularity: Trell co-founder

Influencer-led video commerce platform Trell is not being investigated for any financial irregularity, said its co-founder Pulkit Agrawal as he looks to steer the startup to reach break-even by the end of current fiscal. Opening up on reports of a cohort of investors ordering a forensic audit of Trell, Agrawal said speculations about any financial irregularities are "totally baseless and unfounded". "There was no investigation but an internal review done by the company itself. Growing at a rapid pace has its challenges, and after an independent review, we have been further realigning our systems and processes to ensure more robust and sustained growth," he said. The company's board and investors of Trell remain deeply committed to the business and have full faith in the founders and the leadership of the company, he claimed. While the reports did not identify the investors who ordered the audit, Trell counts on H&M Group, Sequoia Capital India, Mirae Asset, KTB Network, Beenext, ..

Prestige Estates aims to sell properties worth Rs 12,000 crore this fiscal

Prestige Estates Projects Ltd has a strong presence in South India and the company has made its foray into Mumbai market

RIL, Nayara face windfall profit tax on local supplies alongside exports

The government on July 1 levied Rs 13 per litre additional excise duty on diesel exported out of India

Johnson & Johnson drops talcum baby-powder globally as lawsuits mount

J&J said that it had made the "commercial decision" to transition all its baby powder products to use cornstarch instead of talcum powder

Samsung's Vice Chairman Jay Y Lee pardoned by S Korea, may rejoin board

South Korean President Yoon Suk Yeol has cleared the heir to the country's biggest company of bribery charges, for which Lee spent 18 months in prison before his release on parole a year ago

Pidilite Industries may not raise prices as raw material cost moderates

In its market outlook the company said the global operating environment in terms of inflation, currency and supply chain disruptions remain fragile and might impact margins