HDFC AMC appoints Harish Narayanan as chief marketing officer and chief digital officer
Narayanan will lead the firm’s marketing and digital initiatives, “driving its mission to be the wealth creator for every Indian”.
Over 50 high-impact growth projects to power Vedanta's plan to achieve $10 bn EBITDA
These projects are at an advanced stage of completion, according to a powerpoint presentation made to more than 45 fund managers and analysts, who were on a site visit organised by the Vedanta Group.
Indian room air-conditioner market to reach Rs 50,000 crore by FY29: Voltas
Besides RAC, competitive intensity is also going to increase in Commercial Air Conditioning (CAC) where leading foreign players have started focusing on this sector
NCLT orders insolvency proceeding against Supernova project developer Supertech Realtors
The NCLT also put a moratorium on all transactions related to Supertech Realtors, as per the provision of the Insolvency & Bankruptcy Code
Hyundai India’s royalty outgo to parent company stands at 3.5% of sales revenue, as per pre-IPO DRHP
During the April-December period of FY24, the country's second largest carmaker paid Rs 8,088.80 crore to parent company based in Seoul, as per the DRHP.
Hyundai Motor India poised for sustained growth in FY24 bottomline
During the April-December period of this fiscal, the company registered a topline of Rs 52,157.91crore and bottomline of 4,382.87 crore
Infosys to provide IT services to Ikea in $100 million deal: Report
Infosys will provide enterprise service management based on ServiceNow, IT services management, and a service desk for 170,000 workers and 260,000 devices in 19 languages during the course of the five-year deal, the report said.
SBI hikes lending rate by 10 basis points across tenures, EMIs to go up
From October 1, 2019, all banks including SBI have to lend only at an interest rate linked to an external benchmark such as RBI’s repo rate or Treasury Bill yield
Broadcom soars as demand for AI chips powers forecast raise
Broadcom's software division has benefited from its buyout of VMware, which added $2.7 billion to its second-quarter revenue.
India Inc looking for credit to fund capex, corporate loan worth Rs 5 lakh crore in pipeline: SBI Chief Dinesh Khara
HCL, Infosys and now Cognizant—Why IT companies are increasingly betting on engineering R&D services
The engineering R&D outsourcing spends are projected to outpace IT services in the next several years
Mafatlal stock up 15% on pact with armed forces for anti-microbial bed sheets
The technology transfer agreement will support the company’s initiative to expand product range as well as its market presence, particularly in the defence sector, Mafatlal has said
Volvo shifting EV production to Belgium to avoid China tariffs, The Times reports
Volvo confirmed last October that it would be adding capacity in Ghent for EX30 production from 2025, the spokesperson said
Saudi Aramco says foreigners grab 'majority' of share offering
Aramco, the mostly state-owned jewel of the Saudi economy, announced on May 30 that it would sell 1.545 billion shares, or approximately 0.64 percent of its issued shares, on the Saudi stock exchange.
Air India utilising group airlines' engineering skills for improved aircraft maintenance works
While the airline sees continued opportunities for expansion, the official said it is also aware about the unreliability of the legacy aircraft
TVS Motor recalls select units of e-scooter for proactive inspection
The company will inspect the bridge tube of units that were manufactured between July 10, 2023 and September 9, 2023 to ensure that the vehicle’s ride handling is good over extended usage
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies
Norway wealth fund to vote against Elon Musk's $56 billion Tesla pay package
Tesla shareholders will vote on Musk’s pay, as well as the re-election of directors, including Musk’s brother, at their annual meeting scheduled on June 13
IDBI Bank gets income tax order worth ₹2,702 crore refund for AY 2016-17
Net Interest Income improved by 12 per cent in the March quarter to Rs 3,688 crore, as against Rs 3,280 crore in the fourth quarter of 2022-23.
Torrent Group m-cap doubles to $20 billion in a year
On Friday, two listed companies of the group, Torrent Pharmaceuticals Limited and Torrent Power Limited gained 2.22 per cent and 2.59 per cent, respectively
ONGC seeks technical help to raise Mumbai High output
The field is estimated to hold a balance reserve of 80 million tonnes (610 million barrels) of oil and over 40 billion cubic metres of gas
GameStop's quarterly sales decline on weak traffic in its stores
The company, which largely relies on brick-and-mortar stores and has been grappling with customers turning to e-commerce firms for buying video games and collectibles
Expect commercial vehicle volumes to witness 4-7% dip this fiscal: Icra
The medium and heavy commercial vehicle (trucks) volumes are expected to contract by 4-7 per cent year-on-year given the high base effect and the impact of the Lok Sabha polls
Expanded T1 likely to open in June; working on boosting international passenger capacity: DIAL chief
The expanded T1 was inaugurated in March this year. The airport, operated by the Delhi International Airport Ltd (DIAL), has three terminals — T1, T2 and T3
