Santosh Iyer, MD and CEO of Mercedes-Benz India, told Business Today, says top-end segment is one of the fastest growing. Mercedes-Benz India seemingly paved the way for a new retail model in India’s auto industry when in June 2021 it launched what it called ‘Retail of the Future’ (ROTF), a … Read more
Category: Business and Finance
HDFC Bank initiates rebranding process of HDFC offices, branches after merger
The complete process of changing the look of HDFC Ltd offices and branches is expected to take around 24 hours. HDFC Bank has started rebranding the offices and branches of HDFC Ltd after the merger of the two companies was announced on late Friday. Branding at the home lending giant’s … Read more
Is HDFC Bank’s lacklustre stock performance about to get better with a stronger mortgage portfolio?
On July 1, HDFC Ltd will merge with the bank, providing it an extensive network of specialised branches, highly skilled employees, and a secured mortgage portfolio. The last two years have seen HDFC Bank underperform in the stock market. The country’s second largest bank’s stock has been range-bound around Rs … Read more
‘Will liquidate non-core assets if equity funding doesn’t materialise’: Byju Raveendran tells employees
Byju Raveendran addressed his employees in a virtual town hall and assured them that “the situation is not as bad as what appears in the media.”Addressing his employees in a town hall meeting on Thursday, Byju Raveendran, co-founder and CEO of edtech company BYJU’S said the company is actively engaged … Read more
‘It pains us,’ says Tata group Chairman N Chandrasekaran after jobs scam at TCS
Chandrasekaran said, “Whenever there is a violation of ethical conduct by any employee, it pains us. It pains me and all the leaders very deeply. And we take it extremely seriously. We deal with it very strongly.” Tata Sons Ltd chairman, N Chandrasekaran, expressed deep concern over the recent discovery … Read more
Paytm partners with Shriram Finance to strengthen its loan distribution biz
Paytm offers its platform for Shriram Finance for digital credit for merchant loans and consumer loans. One97 Communications Limited (OCL), which owns the brand Paytm, on Friday announced a partnership with NBFC Shriram Finance Limited to offer financial services to its users, including loan products. Through this partnership, Shriram Finance’s … Read more
UK regulator may refer Adobe’s $20 billion Figma deal to deeper probe
Adobe has five working days to submit proposals to address the regulator’s concerns, CMA added. Britain’s competition regulator on Friday said Photoshop owner Adobe Inc’s $20 billion buyout of cloud-based designer platform Figma could “reduce innovation” and may be referred to a deeper investigation. The Competition and Markets Authority (CMA) … Read more
BlackBerry reports surprise profit on cybersecurity strength
The Canadian technology company is banking on resilient demand for its cybersecurity products on rising security threats in the information technology sector BlackBerry posted a surprise profit for the first quarter on Wednesday as its cybersecurity business benefited from higher client spending, while its enterprise software continued to gain traction … Read more
Apple stock hits record, on cusp of $3 trillion market value
The stock is now trading at about 29 times expected earnings, its highest multiple since February 2022, according to Refinitiv data Apple’s stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization. The iPhone maker’s stock rose 0.6% to end … Read more
BPCL unveils Rs 49,000 cr petrochemical, capacity expansion project at MP’s Bina refinery
One of the main components of the expansion projects is the Ethylene Cracker Project which will drive the production of essential petrochemicals. Bharat Petroleum (BPCL) on Wednesday announced Rs 49,000 crore petrochemical and capacity expansion project at its Bina Refinery. One of the main components of the expansion projects is … Read more