Austrian bikemaker KTM turned Ebitda-positive in the January-March quarter, the first full quarter since Bajaj Auto took control of the company. The recovery was fuelled by a recovery in motorcycle…
Category: Companies
Infosys cuts Q4 bonus payouts after up to 100% variable pay in previous quarter: Report
IT giant Infosys has trimmed its performance bonus payouts for the March quarter after disbursing up to 100% variable pay, its strongest payout in more than three years, in the…
Software jobs as we know them may soon cease to exist, says Anthropic CEO Dario Amodei
A year after Dario Amodei warned that rapid advances in artificial intelligence could trigger a serious employment crisis, the CEO has a more foreboding forecast — this time for the…
Reliance in talks with CATL, others for big battery system parts
is in talks with Chinese battery behemoth CATL and other global suppliers to procure parts for battery energy storage systems, according to people familiar with the matter, as India’s largest…
Cognizant doubles share buyback target to $2 billion in 2026 to assuage investors
Cognizant Technology Solutions Corp has doubled its share buyback programme to $2 billion in 2026, with the flexibility to buy shares worth as much as $3.45 billion as the Nasdaq-listed…
Aditya Birla Fashion doubles down on TMRW, chases scale over profits
BENGALURU: Aditya Birla Fashion and Retail Ltd (ABFRL) is stepping up investments in TMRW, its fast-growing portfolio of digital-first lifestyle brands, prioritising scale over near-term profitability. TMRW sees the next…
Genus Power Infrastructures Q4 net profit rises 41% to ₹181 crore
Genus Power Infrastructures on Tuesday posted an on-year rise of over 41 per cent in net profit to Rs 180.7 crore in the March quarter, mainly on the back of…
PE firm Advent invests $150 million for minority stake in Iscon Balaji Foods
Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods (IBF) Pvt Ltd, one of India’s largest potato processors, the companies…
Nayara Energy restarts operations after maintenance shutdown
Nayara Energy has resumed operations at its 400,000 barrels-per-day Vadinar refinery after a maintenance shutdown, two sources with knowledge of the matter said. * The refinery resumed operations last week…
Apollo Tyres bets ₹3,500 crore on expansion as rubber spike and Dutch plant closure test margins
is pressing ahead with a ₹3,500-crore expansion plan even as surging rubber prices and the closure of its last manufacturing plant in threaten to squeeze margins after the company delivered…