COMPANIES & SECTORS


IANS 27 October 2023
Edtech platform Unacademy-owned software-as-a-service platform Graphy has laid off about 20-30 per cent of its workforce, or nearly 50 employees, in the last few weeks, as part of a restructuring exercise, media report said on Thursday.   According to Inc42, Graphy, which provides...

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IANS 26 October 2023
Investors, including SCI Investments, Orios and Chiratae Ventures, had raised suspicion over the involvement of the co-founders of tech-based car service company GoMechanic and others in siphoning and diverting funds using the name of an entity, 'Parcit Autocrazy Private...

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Moneylife Digital Team 23 October 2023
Construction giants DLF and Shapoorji Pallonji (Chinsha Property) have taken to the Delhi High Court (HC) their third partner, Mumbai-based Hubtown (formerly Ackruti), and Punjab National Bank Housing Finance Ltd (PNBHFL) after a default on a Rs800-crore loan resulted in the sale of DLF and...

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IANS 23 October 2023
Startiup workers fled for bigger, more established companies during the pandemic, revealing the vulnerability of early-stage firms in downturns, new research has shown.   Digging into the data for nearly 180,000 users from AngelList Talent (now called Wellfound), the biggest online...

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When the board of Nestlé India Ltd meets on 19th October, it may declare an outsized interim dividend, larger than the largesse it doles out multiple times each year.   The reason that this time it could be more than the normal bonanza for the shareholders is that the company has, by...

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The tussle between the two factions of the Chhabria family, fighting for the control of Finolex Cables Ltd, is among the many family feuds that are currently on show and promises to be more entertaining than some of the competing ones!   It is a highly convoluted dispute with many...

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Moneylife Digital Team 19 October 2023
Setting aside an order passed by the national company law tribunal (NCLT), New Delhi bench, the national company law appellate tribunal (NCLAT) ruled that the bank guarantee provided by Canara Bank is held to be covered by the exception provided in provisions of Section 14(3)(b) of the...

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IANS 19 October 2023
Certain US consumers in the hair relaxer product industry have alleged that subsidiaries of Dabur India sold and manufactured hair relaxer products that contain certain chemicals and that the use has caused ovarian cancer, uterine cancer and other health issues in the users.   Dabur...

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IANS 19 October 2023
Wipro Ltd, which on Wednesday announced that it closed the second quarter of FY23-24 (Q2FY23-24) with a lower revenue and after tax profit compared to the previous year's corresponding period, also said it will merge five of its wholly-owned subsidiaries with itself.   In a regulatory...

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IANS 19 October 2023
In a fillip to the ‘Make in India’ initiative, Google on Thursday said it aims to start manufacturing/assembling Pixel smartphones in the country and the first 'India-made' batch will reach the consumers next year, as the tech giant announced several localised AI features to expand digital...

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TruthInAdvertising.org 18 October 2023
For years BMW has advertised that its X models are made in America at an 8 million-square-foot factory in South Carolina where the German automaker claims it puts out 1,500 cars a day.   “Our most versatile BMW X range vehicles are proudly manufactured right here in Spartanburg, South...

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IANS 17 October 2023
In a major setback to telecom operators in India, the Supreme Court has passed an order recognising the payment of entry fee as well as variable annual licence fee under New Telecom Policy of 1999 as capital expenditure.   It ruled that these fees should be amortised in accordance...

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IANS 16 October 2023
Tata Consultancy Services (TCS) on Sunday revealed that it had sacked 16 employees and blacklisted six staffing firms, after its investigation into the bribes-for-jobs scandal.   In an Exchange filing, the company said that its "investigation found 19 employees to be involved, and...

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I do wish that I could change the last three words of this title to 'Yes, it’s here'. Alas, that is not to be.   For years now, we have been shown visions of a clean, pollution-free environment based on cost-efficient ‘alternative energy’ for private and commercial vehicles. Here are...

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Moneylife Digital Team 13 October 2023
The Adani Group, the politically connected conglomerate that dominates large parts of India's economy, appears to have imported billions of dollars of coal at prices well above market value, according to customs records reviewed by the Financial Times (FT).   In a report, FT says the...

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IANS 09 October 2023
The Delhi Police have registered an FIR (first information report) against Hero MotoCorp’s chief executive officer (CEO) Pawan Munjal and others for forgery, cheating and making false bills of over Rs5 crore.   However, this case is not related to the Enforcement Directorate's (ED's)...

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IANS 09 October 2023
High crude oil prices will weaken the profitability of the country’s three state-owned oil marketing companies—Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL)—as they have limited flexibility to pass on higher raw...

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IANS 09 October 2023
Following the boom in the real estate sector amid the gloom on the employment front in the IT sector, the stressed assets pegged to be worth more than Rs 1,000 crores in Bengaluru are getting attention.   With the investment ecosystem becoming favourable and the availability of...

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Vedanta Ltd, a conglomerate in the metals and mining business, has announced the separation of its various business units into independent entities. Presently, the single legal entity is an agglomeration of many distinct businesses that are either directly carried on by it or by various...

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It is always debatable. Does effective leadership result in creating a culture of meritocracy? Or does meritocracy create effective leaders within the organisation? Air India’s troubles seem to be both—a lack of the right leadership and a lack of a culture of meritocracy. One wonders whether...

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