Page 69 - Companies

LTI's net headcount set to go up this year, sees no decline in demand

LTI closed FY22 with a total headcount of 46,648 and the addition in the last financial year was more than what it had seen in the previous two years

Private placements at lowest since 2014; total money raised down 23%

A combination of lower requirements and higher interest rates are said to have acted as a dampener

Only 12% companies are utilising AI to outpace their rivals: Report

Only 12 per cent of organisations that use AI are doing it at a maturity level to achieve a strong competitive advantage while the rest are still experimenting with the technology, a new report said

Relocation startup HappyLocate to hire 600 employees this financial year

Tech-based one-stop relocation platform HappyLocate on Tuesday said it is planning to hire over 600 employees this financial year in line with its expansion plans

Goodbye, Internet Explorer: Microsoft to retire 27-yr-old browser on Jun 15

Microsoft has announced the retirement of 27-year-old Internet Explorer as the browser will be completely phased out from June 15

Rustomjee group firm Keystone Realtors files Rs 850-cr IPO papers

Rustomjee group company Keystone Realtors has filed preliminary papers with Sebi to raise Rs 850 crore through an initial public offering (IPO)

Nearly 50% Indian software developers plan to quit job this year: Report

About 44 per cent of developers based in India are considering leaving their job this year compared to 42 per cent globally, according to a report

Reliance Infra to receive Rs 595 cr from Damodar Valley Corp by July end

Reliance Infrastructure Limited (Reliance Infra) is set to receive a sum of Rs 595 crore from Damodar Valley Corporation (DVC) by July 31.

Meet the CEO who is putting in overtime to shorten your workweek

Joe O'Connor heads a nonprofit helping companies around the world to adopt more flexible work schedules.

Cosmetics maker Revlon, in $3.31 bn debt, nears bankruptcy filing: Report

The lipstick maker began talks with lenders ahead of looming debt maturities to try to steer the business clear of bankruptcy, a report said

Meta investigates Sheryl Sandberg's use of company resources: Report

Lawyers are investigating Meta Platforms Inc's outgoing operations chief Sheryl Sandberg's use of company resources over several years

Seal a tax deal

Minimum global corporate tax rate solves many problems

G7 close to agreement on taxation of world's largest companies: Report

A G7 deal could be agreed as early as Friday after progress was made among top officials in recent days

Commercial entities reduce electricity bills by renewable energy: Mercom

Commercial and industrial entities from various sectors, including steel and cement, have reduced their electricity expenses by using renewable energy, according to Mercom India. The 'C&I Clean Energy Meet 2022' held in Bengaluru witnessed participation from players operating in solar, IT, automobile, manufacturing, chemical, textiles and FMCG sectors, Mercom India said in a statement on Monday. Over 100 players joined the one-day event to discuss opportunities in the domestic renewable energy sector, available technologies, business models, financing mechanisms and regulatory guidance to set up green units. "Narayana Health is saving over Rs 40 million every year through solar power. Representatives from Kurlon, a mattress company with rooftop solar installations at its manufacturing units in three different states with a combined capacity of 2.5 MW, have saved more than Rs 75 million since its first installation in 2016," the research firm said. According to Mercom, the ...

Elon Musk turns to his earlier playbook as Tesla girds for job cuts

Two weeks ago Elon Musk signaled Tesla Inc. was staying in the fast lane. Now he's tapping the brakes

Omega Seiki joins hands with Grip Invest, plans to lease 5,000 EVs by 2023

EV maker Omega Seiki Mobility has formed a strategic partnership with Grip Invest for lease financing to retail investors

Most Nifty 50 firms beat sales estimates, many fare worse on profitability

Many have done worse on profitability

ITC Infotech eyes $500 mn revenue over five years from new business unit

Last month, ITC Infotech said it would be acquiring a part of PTC's product lifecycle management (PLM) implementation services business and create a new business unit, DxP Services

StrideOne raises Rs 250 cr to help startups meet financing needs

Financial services platform for startups StrideOne on Tuesday said it has raised Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks.

Street welcomes Jubilant FoodWorks' call to put Sameer Khetarpal at helm

Stock surges nearly 10% even as company posts 8.2% decline in profit in Q4FY22