Category : Corporate News


Tesla Q3 Profits Miss Estimates Despite Record EV Sales

Tesla's Q3 2024 earnings report reveals profit margins squeezed by global tariffs and production costs, even as electric vehicle deliveries hit record highs. Analysis of what's impacting Elon Musk's automotive giant.

HUL Q2 Profit Soars 38% to ₹2,694 Crore

Hindustan Unilever reports stellar Q2 performance with 38% profit surge to ₹2,694 crore. Discover how strategic pricing and premium portfolio drove this impressive growth in challenging market conditions.

IT Layoffs Rise: Firms Spin Job Cuts as Restructuring

India's IT sector faces turbulent times as major firms implement widespread layoffs while framing them as organizational restructuring. Discover the real impact on employees and the industry's shifting dynamics.

Puerto Rico Utility Bankruptcy Restarts as Board Returns

The Puerto Rico Electric Power Authority's bankruptcy case has been officially reopened after board members returned to their posts, marking a significant development in the territory's ongoing debt restructuring efforts.

Infosys Promoters Skip ₹18,000Cr Buyback

Major Infosys promoters including Nandan Nilekani and Sudha Murty opt out of company's record ₹18,000 crore share buyback, signaling confidence in long-term growth prospects.

CSR Funding Expands Beyond Metros to Tier 2 Cities

Corporate India is shifting CSR focus beyond metros to Tier 2 cities and rural areas, with significant funding increases in education, healthcare, and rural development projects across 120+ smaller cities.

Kiran Mazumdar-Shaw: I am a proud Kannadiga

Biocon founder Kiran Mazumdar-Shaw delivers powerful response to online trolls questioning her Kannadiga identity and commitment to Karnataka. Read her emotional defense of her roots.

NCLT Orders Insolvency Against Bhilai Jaypee Cement

The National Company Law Tribunal has initiated corporate insolvency resolution proceedings against Bhilai Jaypee Cement Limited, marking a significant development in India's corporate landscape and cement industry.

Belgian Court Clears Mehul Choksi Extradition Path

In a major development, a Belgian appellate court has dismissed Mehul Choksi's political abduction claims, paving the way for his extradition to India to face trial in the ₹13,000 crore PNB fraud case.

Novo Nordisk Board Reshuffle: New Faces at the Helm

Danish pharma giant Novo Nordisk, the company behind diabetes & weight-loss blockbusters Ozempic and Wegovy, announces a major boardroom reshuffle. Get the inside scoop on the new faces and strategic direction.

Unilever Magnum IPO Delayed by US Shutdown

Unilever's planned demerger and IPO of its popular Magnum ice cream business faces unexpected delays due to potential US government shutdown disrupting SEC approval process.

Toll Workers Open Gates in Diwali Bonus Protest

In a dramatic protest over inadequate Diwali bonuses, toll plaza workers across multiple locations opened barriers, allowing thousands of vehicles to pass without payment and causing massive traffic disruptions.

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