Page 64 - Companies

Once mighty Jet Airways to fly only domestic initially as it resumes ops

The airline has told the government it plans to have 40 aircraft by December 2024 and 150 by December 2030

Blue collar workers up demands as firms prep for festive season: Report

In 2022 an all-time high number of temporary jobs ranging from 5,00,000-5,50,000 is expected to be created during the festive season

Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round

Startup says it will use the financing to expand product suite and improve customer experience

Ola to let go of 1,000 employees; hiring aggressively for EV biz: Report

As Ola ramps up its hiring for the electric mobility biz, the urban mobility firm is in the process of firing nearly 1,000 employees, a report said

PNB net profit drops 70% YoY to Rs 308 crore in April-June quarter

The state-owned lender had reported a Rs 1,023 crore profit in April-June 2021 on account of healthy cash recovery and upgrade of Rs 8,270 crore

Outlook positive for CG Consumer despite home appliance firm's Q1 miss

Market share gains in key categories and entry into premium kitchen appliances are positives

Nestle India net profit declines 4.3% to Rs 515.3 cr in April-June qtr

Nestle India, which makes Maggi noodles, KitKat chocolate, sees 'early signs of softening' in sale of some commodities

Vedanta sees QoQ fall in profit and revenue; stock ends in the green

Vedanta's consolidated net debt stood at Rs 26,799 crore in the June quarter, against Rs 24,414 crore for the quarter ended March 2022

Cognizant Q2 profit up 12.7% at $577 mn, lowers revenue guidance

Revenue was at $4.9 billion, up 9.5 per cent in constant currency on a year-on-year (YoY) basis

IL&FS sells 2 firms in energy business for Rs 77.5 cr to reduce debt

IEDCL sold 27.75 per cent of its stake in Urjankur Nidhi Trust, where Maharashtra Energy Development Agency has a 50 per cent stake and Shree Datta Shetkari Sakhar Karkhana Ltd holds 22.25 per cent.

At Rs 123 cr, HCL's Vijayakumar is the highest paid CEO in Indian IT sector

HCL Tech, in its annual report, said that it provided a remuneration of Rs 123 crore to its chief executive officer (CEO) C. Vijaykumar last year, making him the highest-paid Indian CEO right now

India's top companies flag slowdown concerns as global recession looms

Chairman of the top two consumer goods companies, namely ITC and HUL, were blunt in their assessment of the market

TCS to digitise HR operations for Marks & Spencer in multi-year deal

TCS, as a strategic partner for more than a decade, migrated 27 million records of M&S employees working across 1,450 locations in the UK

Decent upside in L&T stock; analyst recommendations strongly positive

Core revenues were at Rs 35,850 crore, up 22 per cent year-on-year (YoY) and down 32 per cent quarter-on-quarter (QoQ)

Institutional investors pushing back more on top executive pay hikes

Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts

Cos can spend CSR funds for 'Har Ghar Tiranga' campaign activities: Govt

Companies can spend their CSR funds for activities related to the 'Har Ghar Tiranga' campaign, the government said

5 PSUs to set up manufacturing units to increase coal gasification capacity

Coal ministry proposes PLI for ammonium nitrate to raise volumes and price competitiveness

Equinor returns another $3 bn to owners as Q2 profit beats forecast

The company boosted gas supplies to Europe by 18% in the April-June period compared to a year ago

Rolls-Royce names Ex-BP executive Tufan Erginbilgic as CEO to succeed East

Tufan Erginbilgic, 62, spent 20 years at BP Plc, and in his most recent role before leaving in 2020 led the firm's downstream business

Transport union protests Dunzo 'warning to riders' about supporting strikes

A Dunzo spokesperson said that the company is looking into the matter