Corporates

Power Finance Corporation June Quarter Profit Up Marginally At Rs 4,580 Crore

Power Finance Corporation June Quarter Profit Up Marginally At Rs 4,580 Crore

Press Trust of India | Friday August 12, 2022, New Delhi

State-owned Power Finance Corporation (PFC) on Friday posted a marginal rise in consolidated net profit at Rs 4,579.53 crore for June quarter 2022-23.

Reliance Partners With Luxury Brand Balenciaga To Launch It In India

Reliance Partners With Luxury Brand Balenciaga To Launch It In India

Asian News International | Thursday August 04, 2022, Mumbai (Maharashtra)

Reliance Brands Limited said on Thursday it has signed a strategic deal with global luxury brand Balenciaga, to bring the best of global couture to the Indian market.

Adani To Buy Some Of Macquarie Asia's India Toll Roads For ₹ 3,110 Crore

Adani To Buy Some Of Macquarie Asia's India Toll Roads For ₹ 3,110 Crore

Press Trust of India | Thursday August 04, 2022, New Delhi

Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore.

Amazon To Pay Rs 1 Lakh Fine For Selling Sub-Standard Pressure Cookers

Amazon To Pay Rs 1 Lakh Fine For Selling Sub-Standard Pressure Cookers

Press Trust of India | Thursday August 04, 2022, New Delhi

The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on e-commerce major Amazon for selling pressure cookers which did not meet quality norms.

Return To Office Highest In Telecom, Consulting Sectors; IT Lags: Report

Return To Office Highest In Telecom, Consulting Sectors; IT Lags: Report

Press Trust of India | Thursday August 04, 2022, New Delhi

Majority of employees in telecom and consulting sectors have returned to office with significant fall in COVID-19 cases but the IT sector is lagging, according to a survey by Colliers and Awfis.

Google's Sundar Pichai Warns Staff To Improve Focus And Productivity

Google's Sundar Pichai Warns Staff To Improve Focus And Productivity

Edited by NDTV Business Desk | Thursday August 04, 2022

It appears that Sundar Pichai, the CEO of Google, is not satisfied with the work output of many employees.

LIC Becomes Top-Ranked Indian Firm On Fortune Global 500 List

LIC Becomes Top-Ranked Indian Firm On Fortune Global 500 List

Press Trust of India | Wednesday August 03, 2022, Mumbai (Maharashtra)

Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places.

Adani Power Profit Surges By 16 Times To ₹ 4,780 Crore In June Quarter

Adani Power Profit Surges By 16 Times To ₹ 4,780 Crore In June Quarter

Press Trust of India | Wednesday August 03, 2022, New Delhi

Adani Power Limited on Wednesday posted a manifold jump in consolidated net profit to Rs 4,779.86 crore in the quarter ended June 2022, on account of growth in income.

Tech Giant Oracle Lays off Employees in US, India May Be Hit

Tech Giant Oracle Lays off Employees in US, India May Be Hit

Edited by NDTV Business Desk | Wednesday August 03, 2022

Tech giant Oracle has cut jobs in the US. The layoffs are also expected to hit employees in India and Canada in the coming weeks, The Information reported.

Easing Raw Material Costs Promising For Consumer Companies

Easing Raw Material Costs Promising For Consumer Companies

Reuters | Wednesday August 03, 2022, New Delhi

Softening commodity prices are holding out hope for consumer-goods firms that have struggled with inflation, particularly in the large but price-sensitive rural market.

Swiggy Launches Moonlighting Policy, Employees Can Work For Others Too

Swiggy Launches Moonlighting Policy, Employees Can Work For Others Too

Press Trust of India | Wednesday August 03, 2022, New Delhi

Food ordering and delivery platform Swiggy on Wednesday said it has introduced an industry-first 'Moonlighting policy', wherein employees can take up external projects for pro-bono or economic consideration based on internal approvals.

Uber Turns Cash Flow Positive For The First Time

Uber Turns Cash Flow Positive For The First Time

Reuters | Tuesday August 02, 2022

Uber Technologies Inc on Tuesday reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.

Zomato Shares Jump Nearly 11% After June Quarter Earnings

Zomato Shares Jump Nearly 11% After June Quarter Earnings

Press Trust of India | Tuesday August 02, 2022, New Delhi

Shares of online food delivery platform Zomato on Tuesday jumped nearly 11 per cent after the company's consolidated net loss in the first quarter of the current financial year almost halved.

Tata Motors July Sales Rises Over 51 Per Cent To 81,790 Units

Tata Motors July Sales Rises Over 51 Per Cent To 81,790 Units

Press Trust of India | Monday August 01, 2022, New Delhi

Tata Motors on Monday reported a 51.12 per cent increase in total sales at 81,790 units in July 2022, driven by the strong performance of its passenger vehicles in the domestic market.

Mahindra Shares Hit Record High As Company Posts 31% Surge In July Sales

Mahindra Shares Hit Record High As Company Posts 31% Surge In July Sales

Asian News International | Monday August 01, 2022, Mumbai (Maharashtra)

The share price of Mahindra & Mahindra surged by over six per cent on Monday to hit a record high after the company reported 31 per cent jump in its overall sales in July and its all-new Scorpio-N model received over 1 lakh orders within 30 minutes of commencement of bookings.