Corporate News
Grasim Industries consolidated Q1 net lower at Rs 1,576.47 crore
In a regulatory filing, the company said for the quarter ended June 30, 2023, it had earned operational revenue of Rs 31,065.19 crore (against Q1FY23's Rs 28,041.54 crore) and an after tax profit of Rs 1,576.47 crore (Rs.1,933.39 crore).
Coal India posts lower net on consolidated basis at Rs 7,971cr
In a regulatory filing, Coal India said during the Q1FY24 it had logged an operational revenue of Rs 35,983.21 crore (Q1FY23 Rs 35,092.17 crore) and a net profit of Rs 7,971.04 crore (Rs 8,832.86 crore).
MobiKwik posts 181% increase in adjusted EBITDA in Q1, aims 2X growth in FY24
This is the second consecutive quarter when MobiKwik has registered a profitable growth.
Musk’s Tesla appoints India-origin Vaibhav Taneja as CFO
Taneja is currently serving as the Chief Accounting Officer, and will take the CFO post as an additional responsibility. He will replace Zachary Kirkhorn who completes his 13-year stint with Tesla, according to repeats.
Infosys Executive Vice President Richard Lobo resigns, 2nd high profile departure in a week
Lobo previously headed the Human Resources wing at the company and later he was moved to the Special Projects team headed by Chief Executive Officer (CEO) Salil Parekh.
Tech Mahindra appoints Atul Soneja as Chief Operating Officer
Before this, he served as the Chief Operating Officer at CitiusTech, where he was responsible for managing the overall Delivery, Service lines and Operations for the company.
Former Microsoft India head Anant Maheshwari returns to Honeywell as High Growth Region President, CEO
Maheshwari is set to take over the reins from Ben Driggs, who will assume a different leadership role within the company. He will also hold the title of Corporate Officer, reporting directly to Honeywell's CEO, Vimal Kapur, and will be based in Dubai.
Qualcomm India appoints Savi Soin as President
As President of Qualcomm India, Soin will be in charge of leading and executing the company’s strategy in the country by fostering relationships with industry partners and the government across mobile, automotive, semiconductor, industrial and IoT and communication infrastructure sectors.
Air India appoints Manish Uppal as head of flight operations
According to an announcement issued on Tuesday, Uppal, who is currently the Head of Operations at Air Asia India, will assume the role of Head of Flight Operations (Designate) at Air India Limited with immediate effect. "In his new role, he will be reporting to the Chief of Operations, Capt. R S Sandhu," the statement said.
Ex-OnePlus India head Navnit Nakra joins Pine Labs as Chief Revenue Officer
“Nakra has been a long-time partner of Pine Labs through his previous stints, and has a deep understanding of our platform and products. He is a seasoned professional with a wealth of experience in the banking and technology space,” said Kush Mehra, President and CBO, Pine Labs.
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