A Taiwanese shipping company is celebrating a successful year by rewarding employees with massive performance bonuses. According to a Bloomberg report, Evergreen Marine Corp. has given year-end bonuses equal to…
Category: Companies
PVR banking heavily on ‘Pathaan’, other Bollywood releases; says 75-80% pre-pandemic footfalls are back
Following a string of big-budget Bollywood releases like Laal Singh Chaddha, Cirkus, Ram Setu, Vikram Vedha, Bhediya that didn’t manage to get the audiences back to the theatres, India’s largest…
Carlyle Group buys majority stake in beauty product brand VLCC
Private-equity firm Carlyle Group said on Tuesday it acquired a majority stake in Indian beauty care and wellness solutions provider VLCC. The equity for the transaction will come from funds…
NCLT rejects Torrent Investments’ plea to halt Reliance Cap CoC’s voting for second auction
The National Company Law Tribunal (NCLT) on Monday rejected a plea by Torrent Investments — one of the bidders for the Anil Ambani-promoted Reliance Capital — that sought to halt…
Now retail investors can invest in interim financing bonds; here’s how
LegalPay, which is the country’s largest litigation funding platform, has launched ‘Interim Financing Bonds’ that will allow retail investors to participate in a segment that is largely seen as an…
TCS headcount reduces for first time in 10 quarters; experts say indicator of slowdown
The headcount of IT services company TCS has gone down for the first time in 10 quarters as per the company’s Q3 FY23 results announced on Monday. Experts believe that…
Apple to replace key Broadcom chip with in-house design: Report
Apple Inc plans to replace a Broadcom Inc chip from its devices with an in-house design in 2025, Bloomberg News reported on Monday, citing people familiar with the matter. The…
US FTC probes Pepsi, Coca-Cola over price discrimination
Beverage giants Coca-Cola Co and PepsiCo Inc are under preliminary investigation by the US Federal Trade Commission (FTC) over potential price discrimination in the soft drink market, Politico reported on…
TCS Q3 results: IT major sees net reduction in workforce; what it could mean
Tata Consultancy Services, India’s largest IT services exporter, on Monday reported its December quarter results and the one number that stood out was that during the quarter its overall headcount…
Full emergency declared for Vistara’s Delhi-Bhubaneshwar flight after hydraulic failure
A full emergency was declared on Monday for Vistara’s Delhi-Bhubaneshwar flight after hydraulic failure. According to sources, the flight returned after take off due to hydraulic failure. “On 9.01.2023 Vistara…