Corporate News
LIC plans to acquire stake in a health insurance firm by March 31, Says CEO Mohanty
However, he wouldn't spill the beans about the specific company LIC is looking to tie up with. "We are actually pretty close now," he said.
Intel’s Next CEO Lip-Bu Tan to Receive $69 Million Compensation Deal
Under an exchange filing by the company, his pay package consists of a base pay of $1 million, a performance-related bonus equivalent to 200% of his pay, and $66 million in long-term equity incentives, stock options, and other benefits.
Intel’s Next CEO Lip-Bu Tan to Receive $69 Million Compensation Deal
Under an exchange filing by the company, his pay package consists of a base pay of $1 million, a performance-related bonus equivalent to 200% of his pay, and $66 million in long-term equity incentives, stock options, and other benefits.
N. Ganapathy Subramaniam Named Chairman of Tata Communications
Subramaniam, appointed as a Non-Executive Director on the Board of Tata Communications on December 2, 2021, has more than four decades of experience in the Indian IT sector. He was earlier the Chief Operating Officer & Executive Director at Tata Consultancy Services (TCS) until he resigned in May 2024.
Yatra Online CFO Rohan Mittal Resigns Amid Stock Plunge of Over 55% in a Year
Mittal, who joined as CFO in September 2022, resigned on March 10 for wanting to explore new career opportunities, the company revealed in its stock exchange filing.
Unilever CEO Confident in India's Growth, Banks on Quick Commerce Boom
Speaking at a fireside chat with Warren Ackerman, Head of Staples Equity Research at Barclays, Fernandez emphasized the significance of India as Unilever's second-largest market and one of the most critical pillars for its growth strategy going forward.
Britannia CEO Rajneet Kohli Resigns, Company Shares Decline
Although Kohli did not mention the specific cause for his resignation, he indicated in his letter of resignation that he intends to "pursue an external opportunity." The 50-year-old executive comes with a deep leadership experience, having worked in important positions before at Jubilant FoodWorks (Domino's India), Asian Paints, and Coca-Cola Co.
Foxconn Subsidiary Ennoconn to Enter India, Strengthening Industrial Automation
Apple's business in India, meanwhile, reached a whopping $23.5 billion in FY24, further cementing India's emerging position as a robust manufacturing alternative to China and Vietnam.
SpiceJet's Revenue Plummets 36% in Q3, Q2 Losses Widen to ₹441 Crore
The decline comes notwithstanding a steady improvement in domestic air travel demand in India in the last eight quarters.
Patanjali Foods Reports 71% Surge in Q3 Profit, Reaches ₹371 Crore
The maker of Ruchi Gold oil reported a profit of Rs 371 crore ($42.4 million) for the three months ended December 31, compared with 2.17 billion rupees a year earlier.
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