COMPANIES & SECTORS


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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IANS 04 October 2023
Former Twitter CEO Parag Agrawal, former policy lead Vijaya Gadde and other executives have won $1.1 million in legal fees from Elon Musk-run X Corp.   Reports said on Wednesday that Delaware Chancery Court Judge Kathaleen St. J. McCormick ruled in favour of Agrawal and the team as...

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IANS 03 October 2023
IL&FS (Infrastructure Leasing and Financial Services) group has discharged an aggregate debt of approximately Rs35,650 crore by way of monetization of assets, auto debits by banks and debt repayment (including interim distribution) across entities as of 30th September.   The group has...

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IANS 03 October 2023
Mukund Jha, Co-founder at the cash-strapped quick-grocery delivery provider Dunzo, is reportedly set to exit the company, after another co-founder Dalvir Suri decided to quit, as Dunzo faces severe cash crunch amid delayed salaries and impending layoffs.   Jha exited Dunzo's board on...

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Moneylife Digital Team 02 October 2023
About a decade after combining all its businesses into Vedanta Ltd and then announcing a plan to make the company private, its chief, Anil Agarwal, has now decided to split the business into six companies based on their business lines. The companies demerged from Vedanta would be: Vedanta...

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IANS 02 October 2023
Edtech major Byju's, which has missed its deadline to file the FY22 financial results in September, said on Saturday that it will now release the financial statement for FY22 in October.   In a statement, the company said it will convene a board meeting in the second week of October...

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IANS 30 September 2023
For non-payment of dues worth Rs570 crore, LIC Housing Finance Ltd has taken symbolic possession of a Churchgate property in Mumbai whose guarantor was Essel group chairman Subhash Chandra. In a newspaper advertisement published on Saturday, LIC Housing Finance said it had issued a...

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IANS 28 September 2023
The securities appellate tribunal (SAT) on Wednesday reserved its order on Zee Entertainment promoter Punit Goenka's plea against Securities and Exchange Board of India's (SEBI's) interim order restraining him from holding any key managerial position in listed entities due to alleged fund...

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