Rapidly expanding capability to promote cleaner vehicle fuels like ethanol and EV charging infrastructure, says P.S. Ravi, Executive Director of BPCL. Bharat Petroleum Corporation (BPCL), the country’s second largest public sector oil marketing company (OMC), is rapidly expanding capacity in the green energy space. The company has taken the lead … Read more
Tag: business
Maruti Suzuki sales rise 2% YoY in June at 1,59,418 units; domestic PV sales up 8%
The mini car category, which includes popular models such as Alto and S-Presso, witnessed a slight decline, with 14,054 units sold compared to 14,442 units in June 2022. Maruti Suzuki India Limited (MSIL) on Saturday announced that it has seen a 2 per cent increase in total sales to 1,59,418 … Read more
Mercedes-Benz India sold more than 25,000 cars through its ‘direct-to-customer’ sales model
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
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