Ceramic materials and 3D printer-maker Lithoz GmbH has signed a sales partnership agreement with Murugappa Group company Wendt (India) Ltd for strengthening its operations in the country, the company said on Saturday. The agreement would enable the two companies further expand and develop their businesses. "With Lithoz's bases in Austria, the USA and China, this [...]
Billionaire Gautam Adani's group plans to spin off businesses like hydrogen, airports and data centre between 2025 and 2028 after they achieve a certain investment profile, it's Chief Financial Officer Jugeshinder Singh said. Adani Enterprises Ltd, which is looking to raise Rs 20,000 crore in a follow-on share sale, is the business incubator for the [...]
Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant to retrench staff en mass amid the global economic downturn. In an email to employees, the Indian-origin CEO said:"I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 [...]
Online food delivery platform Swiggy on Friday laid off 380 employees as part of a "restructuring exercise" citing challenging macroeconomic conditions, with its CEO Sriharsha Majety saying that overhiring was a case of "poor judgement" where he should have done better. In an internal email, Majety, Co-Founder and CEO, also apologised to the affected employees [...]
With the Supreme Court turning down Google's plea for a stay on the CCI order, the tech giant on Friday said it is reviewing the details of the decision which is limited to interim relief and did not decide the merits of the appeal. The company said it remains committed to users and partners and [...]
Moody's on Friday affirmed long-term deposit rating of State Bank of India (SBI) and upgraded it for Punjab National Bank, Canara Bank and Bank of Baroda on improving credit profile. The outlooks on long-term ratings of all the four banks remain stable, Moody's Investors Service said in a statement. Moody's has affirmed the Baa3 long-term local [...]
Shares of Hindustan Unilever Ltd declined over 4 per cent in morning trade on Friday as investors preferred to desert the counter amid concerns over increase in royalty and central services arrangement fee to its parent Unilever group. The stock fell 4.15 per cent to Rs 2,540.05 apiece on the BSE. At the NSE, it [...]
Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure. The group is into the entire gamut of infrastructure -- being its ports, airports, roads, [...]
IT solutions major Rashi Peripherals has filed preliminary papers with capital markets regulator Sebi to raise Rs 750 crore through an Initial Public Offering (IPO). The public issue is completely fresh issue of shares with no offer-for-sale component, according to the Draft Red Herring Prospectus (DRHP). The company may consider a private placement of equity [...]
Wipro GE HealthCare on Thursday said it has appointed Chaitanya Sarawate as Managing Director of the company. He has also been designated as the President & CEO of GE HealthCare South Asia. Sarawate succeeds Shravan Subramanyam, who is leaving to pursue an opportunity outside the company, the company said in a statement. In his new [...]
