Significant layoffs will be part of Panasonic's restructuring exercise, with the number being in high double digits, Economic Times reported.
The company's revenue from operations jumped 11 percent year-on-year to Rs 1,705 crore. It had reported Rs 1,536 crore revenue from operations for the corresponding quarter of the previous financial year.
Earlier yesterday, Power Grid, Tata Chemicals, Gland Pharma, HFCL and General Insurance Corporation of India were among the 104 companies who announced their results for the October-December quarter of FY25.
The move will help Bosch strengthen its position in the household appliances market at a time when the competition with Asian rivals is heating up, Reuters reported on June 26.
From the Federal Reserve's stress test results to Bosch's potential bid for Whirlpool, here's a look at recent business developments around the world.
Consolidated net profit rose nearly 24% to Rs 78 crore in the three months ended March 31, missing analysts' estimates of Rs 90 crore, according to LSEG data
Sunil Khaitan will be Goldman’s India head of financing and Kamna Sahni India head of Mergers & Acquisitions (M&A) in Mumbai
In the recent times, we can see a lot of foreign parent companies cashing out from their Indian counter-parts at higher valuations
The Indian market has delivered returns superior to virtually every market in the world, be it on a 3-month, 1-year, 5-year, or 10-year basis, said Raj Balakrishnan, Managing Director, Co-Head of Investment Banking, Bank of America.
Market experts believe the Whirlpool stake sell could be a one-off, and that other global multinationals with listed Indian subsidiaries were unlikely to see things that way
The company’s operating performance improved in Q3. That needs to sustain for investors to turn positive on the stock
On November 30, 2023, Whirpool Corp, the promoter group that currently owns 75 percent, said it would sell up to 24 percent of its ownership interest in Whirlpool of India Ltd in an effort to reduce debt levels
Whirlpool of India reported a 23.7% drop in second-quarter profit earlier this month, as the home appliances maker grappled with weak demand amid stiff competition.