Company

Shareholders approve Gautam Singhania as Raymond Lifestyle chairman

Gautam Hari Singhania has been appointed executive chairman of Raymond Lifestyle Limited, with 86.85% shareholder approval, despite sharp criticism over governance and reputational risks

Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment

The US credit rating agency places three Adani entities under Rating Watch Negative status

Ashoka Buildcon enters share purchase agreement, to sell road assets

The company will also acquire the remaining 34 per cent stake in its unit ACL at an aggregate consideration of Rs 1,526 crore, to make it a wholly owned subsidiary

Is the capitalistic model broken? India needs many more leaders like Tata

Ratan was not the first group head to receive adulation. Archives show when Jamsetji died in 1904, the public was full of praise and love for him

Japan's retail giant Seven & i rejects Couche-Tard's $38.5 bn takeover

Couche-Tard did not immediately respond to a request for comment from Reuters

Rs 2.52 LPA for freshers, how Cognizant hikes salaries for existing employees

Q1FY25 results today: Glenmark Pharma among over 400 firms to post earnings

Q1FY25 company results: Cosco India, Bajaj Healthcare, Reliance Infrastructure, and Coffee Day Enterprises will be releasing their quarter results on Aug 14

Cash-flush quick-commerce unicorn Zepto loads up talent cart ahead of IPO

Ahead of its public listing, Zepto plans to ramp up hiring, aiming to add between 400 and 500 employees, focusing on engineering, product, category, growth, and marketing roles

Zomato adds restaurant partner support feature for hiring and registrations

Zomato has teamed up with vendors including Apna, WorkIndia, Shiftz, Rozgaar, and Kaam.com for hiring services

ReNew Energy Global net profit jumps 7-fold to $7 mn in March quarter

ReNew Energy Global Plc on Thursday said its net profit jumped seven-fold to USD 7 million in the January-March quarter of FY24 due to higher income and reduced expenses. The total revenue for the latest fourth quarter decreased by 4.4 per cent to USD 297 million, down from USD 311 million in the same period in the preceding fiscal, according to a company statement. The company attributed the fall in revenue to lower earnings from its transmission projects. The company's net profit for the entire financial year stood at USD 50 million, compared to a net loss of USD 60 million in FY23. The clean energy major registered an 8.1 per cent jump in its total revenue to USD 1,158 million in FY24 from USD 1,072 million in FY23. The company said that the record profits were registered despite a marginal fall in the weighted average Plant Load Factor (PLF) for the reporting quarter as well as the financial year due to lower radiation and wind speeds. While the PLF for FY24 was 26.4 per cent

Paytm Insider announces elevation of Varun Khare to position of COO

Prior to this, Khare was the business head of live entertainment (intellectual properties and partnerships) at the company

Focus on creativity, with games, movies, music, sensors and IP, says Sony

Japanese electronics and entertainment company Sony says it's focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry. Its chief executive, Kenichiro Yoshida, outlined the company's strategy on Thursday, saying Sony was helping creative professionals deliver what he called kando, or a moving experience. Yoshida did not speak about reports Tokyo-based Sony and Apollo Global Management are interested in buying Paramount Global. Yoshida said the company is now emphasising the creative process itself instead of prized products of the past like the Walkman portable music player and Trinitron colour TVs. He said synergies are no longer between entertainment and electronics, but determined by intellectual property spanning animation, music, games and films. We will continue to support people's creativity through our technology, he said in an online briefing. Sony is adapting to tougher times, with rivals making cheaper but competitive electronics.

Trafigura CFO Salmon to retire in June, Stephan Jansma to take charge

Executive director Jose Maria Larocca also notified the board of his intention to retire at the end of September, Trafigura said

Tata Steel board decides not to merge TRF Ltd as company sees turnaround

Tata Steel on Wednesday said its board has decided not to pursue the amalgamation of TRF Ltd, as the associate company is witnessing a turnaround in its business performance. Tata Steel had earlier announced the amalgamation of nine of its strategic businesses including Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining Ltd, S & T Mining Company. In a statement, Tata Steel said "the boards of both the companies have decided not to pursue the amalgamation process. With the active support from Tata Steel, TRF has successfully navigated a highly challenging operating environment, witnessing a turnaround in its business performance." Since the announcement of the intended merger, Tata Steel has been providing significant operational and financial support by way of placement of orders and infusion of funds. Tata Steel further said it has successfully amalgamated five businesses after duly completing the ...

IBBI allows same RP for company and personal guarantor insolvency

The modifications to the IBBI - Bankruptcy Process for Personal Guarantors to Corporate Debtors, Regulations 2019, took effect from January 31

Adani Green completes funding of reserves for $750 million Holdco Bond

Adani Green had announced the redemption plan for the $750 million bonds earlier this month

Brigade Enterprises net profit up 117% to Rs 112.50 crore in Q2FY24

In Q2 FY24, Brigade reported an incremental leasing of 3 lakh square feet recording a five-time increase in quarter-on-quarter

Alembic Pharmaceuticals' revenue surges 8.17%, PAT up 3.21% in Q2FY24

The API business reported a 10 percent growth in revenues, reaching Rs 322 crores in the quarter

Should touch Rs 1K crore from OTC this year, says Nandini Piramal

The benefit of having patented products contract manufacturing is that there is always growth, said Piramal

Singur saga: TaMo's arbitration award roils political waters in West Bengal

The SC verdict triggered the compensation clause for Tata Motors