Companies News

Textile major S Kumars booked by CBI in Rs 1,245 crore loan fraud case

Textile major S Kumars booked by CBI in Rs 1,245 crore loan fraud case

Following registration of the FIR, the central agency on Wednesday searched 13 locations in Maharashtra, Gujarat and West Bengal linked to the accused and recovered "incriminating documents", CBI

Apr 13, 2022, 20:41 PM IST
Infosys profit rises 12%, forecasts higher full-year revenue

Infosys profit rises 12%, forecasts higher full-year revenue

Infosys forecast an annual revenue growth of 13% to 15% in constant-currency terms as the Indian software behemoth wins more contracts from global businesses expanding their digital presence.

Apr 13, 2022, 17:07 PM IST
Sundar Pichai announces $9.5 billion for new offices, data centres in US

Sundar Pichai announces $9.5 billion for new offices, data centres in US

Pichai said that Google helped provide $617 billion in economic activity for millions of American businesses, nonprofits, creators, developers and publishers last year.

Apr 13, 2022, 16:25 PM IST
RR Kabel acquires Luminous' home electrical business from Schneider

RR Kabel acquires Luminous' home electrical business from Schneider

In 2011, Schneider had acquired 74 per cent stake of Luminous Power and later in 2017, it acquired the balance 26 per cent.

Apr 13, 2022, 15:11 PM IST
Enforcement Directorate summons former Xiaomi India head Manu Kumar Jain

Enforcement Directorate summons former Xiaomi India head Manu Kumar Jain

A Xiaomi spokesperson said they were "a law abiding and responsible company", when asked about the ED notice to Jain. 

Apr 13, 2022, 13:38 PM IST
Chennai-based IT firm gifts cars to its 100 employees

Chennai-based IT firm gifts cars to its 100 employees

Murali Vivekanandan, Founder and Chairman, Ideas2IT said that the employees have made a lot of efforts for improving the company and the company is not giving cars to them, they have earned it with

Apr 12, 2022, 13:04 PM IST
After Unacademy, Meesho lays off 150 employees from its grocery arm

After Unacademy, Meesho lays off 150 employees from its grocery arm

Founded by IIT Delhi alumni Vidit Aatrey and Sanjeev Barnwal, Meesho began as a social commerce platform in December 2015. This business model often has a three-sided marketplace: supplier, reseller

Apr 12, 2022, 08:36 AM IST
Startup funding crosses $10 billion in Q1, 14 unicorns created: Report

Startup funding crosses $10 billion in Q1, 14 unicorns created: Report

Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a report. 

Apr 10, 2022, 19:40 PM IST
BMW cars worth Rs 1 crore each as gifts to employees! Indian IT firm rewards loyalty in style

BMW cars worth Rs 1 crore each as gifts to employees! Indian IT firm rewards loyalty in style

A few of the recipients of BMW cars were informed just hours before they were handed over the keys. 

Apr 10, 2022, 16:39 PM IST
ED attaches assets worth Rs 57.45 crore of Atlas Jewellery in 242 crore PMLA case

ED attaches assets worth Rs 57.45 crore of Atlas Jewellery in 242 crore PMLA case

Money laundering investigation was initiated on the basis of an FIR registered by the Kerala Police against Atlas Jewellery. 

Apr 09, 2022, 18:59 PM IST
Wipro appoints Anis Chenchah as CEO, APMEA

Wipro appoints Anis Chenchah as CEO, APMEA

Wipro has appointed Anis Chenchah as member of its executive board and Chief Executive Officer, APMEA (Asia Pacific, India, Middle East and Africa).

Apr 08, 2022, 20:41 PM IST
Unacademy fires around 600 employees due to non-performance, redundancy: Report

Unacademy fires around 600 employees due to non-performance, redundancy: Report

Unacademy has laid off around 600 employees or around 10 per cent of the company's total workforce. 

Apr 08, 2022, 19:04 PM IST
Ashneer Grover seeks action against BharatPe CEO for his ‘Tere bhai ne sara paisa chura liya’ remark

Ashneer Grover seeks action against BharatPe CEO for his ‘Tere bhai ne sara paisa chura liya’ remark

Ex BharatPe CEO Ashneer Grover has written to the company's board seeking action against the current CEO Suhail Sameer.  

Apr 08, 2022, 16:22 PM IST
Ruchi Soya jumps over 8% after listing of FPO shares

Ruchi Soya jumps over 8% after listing of FPO shares

The company had fixed the FPO issue price at Rs 650 per share.

Apr 08, 2022, 15:49 PM IST
Zerodha's Nithin Kamath announces bonus for employees but there’s a catch

Zerodha's Nithin Kamath announces bonus for employees but there’s a catch

Kamath also urged his followers that walking 10,000 steps each day is a good place to start if they want to get healthier.

Apr 08, 2022, 09:07 AM IST
After Ashneer Grover’s ‘Ab Nani Yaad Aayegi’ remark, BharatPe says it registered 4X sales growth

After Ashneer Grover’s ‘Ab Nani Yaad Aayegi’ remark, BharatPe says it registered 4X sales growth

BharatPe said that it actually registered the strongest quarter (Q1 2022) ever in its history. 

Apr 07, 2022, 20:59 PM IST
Tata Group launches Tata Neu: 10 big things you should know about the super app

Tata Group launches Tata Neu: 10 big things you should know about the super app

Tata Neu is an exciting platform that gathers all our brands into one powerful app, said Tata Sons Chairman N Chandrasekaran. 

Apr 07, 2022, 19:35 PM IST
Tere bhai ne sara paisa chura liya: BharatPe CEO tells Ashneer Grover’s sister amid delay in salaries

Tere bhai ne sara paisa chura liya: BharatPe CEO tells Ashneer Grover’s sister amid delay in salaries

Ashneer Grover had left BharatPe, saying that he was forced to make an exit from the company he built.

Apr 07, 2022, 19:02 PM IST
‘Ab Nani Yaad Aayegi,’ says ex-BharatPe CEO Ashneer Grover on company’s performance

‘Ab Nani Yaad Aayegi,’ says ex-BharatPe CEO Ashneer Grover on company’s performance

Ashneer Grover has once again targeted BharatPe. This time the entrepreneur called out the fintech firm for its recent performance. 

Apr 07, 2022, 16:23 PM IST
McDonald's India to display Allergen & Nutritional info for entire menu

McDonald's India to display Allergen & Nutritional info for entire menu

McDonald's India (West and South) has also eliminated artificial colours, artificial preservatives and artificial flavouring from select food items, said a statement issued by the Quick service

Apr 07, 2022, 14:58 PM IST