Companies

Egypt is poised to keep interest rates at a record high as it awaits the full inflationary impact of a fuel-price hike and the completion of a key International Monetary Fund review.

Google's 2008 memo urged employees to avoid careless comments amid antitrust scrutiny, leading to a 15-year initiative for internal communication deletion. The company has since faced multiple legal challenges while attempting to mitigate risks associated with employee communications.

Moglix started its packaging business nearly five years ago and is among the largest in the enterprise e-commerce space.

Romania’s ultra-nationalist party leader, whose popularity has propelled him to No. 2 in the polls ahead of the country’s presidential election, said he would halt military aid to Ukraine if he gets the top job.

Asian equities slipped, reflecting macroeconomic concerns and a muted mood on Wall Street triggered by Nvidia Corp.’s lackluster revenue forecast.

Chennai's real estate firm Casagrand is sending 1,000 employees on an all-expenses-paid week-long trip to Barcelona, celebrating their dedication and teamwork. This initiative is part of the annual ‘Profit-share Bonanza’ program

Elon Musk’s influence in politics is under the spotlight again as reports suggest he was present during a call between President-elect Donald Trump and Google CEO Sundar Pichai.

US prosecutors have alleged that $250 million in bribes were paid in exchange for favourable terms on solar power contracts won by Adani Green Energy and Azure Power Global.

NVIDIA-RESULTS-SUPPLY:Nvidia's supply snags hurting deliveries but mask booming demand

Ford Motor Co. plans to cut 4,000 jobs across Europe by 2027 as the company struggles with weak electric vehicle (EV) sales, increasing competition, and insufficient government incentives.

Adani Infra is set to acquire a 30.07% stake in PSP Projects for 6.85 billion rupees, marking its second acquisition in a month. The deal aims to strengthen Adani's construction capabilities amid plans for a $100 billion investment in infrastructure

Nvidia Corp. assured investors that its new product lineup can maintain the company’s AI-fueled growth run, though the rush to get the chips out the door is proving more costly than expected.

Companies News Today Live Updates on November 21, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Trump’s second inning is likely to spell uncertainty for pharma companies, says Nandini Piramal, referring to his plan to impose import tariffs to make American industry stronger.

IntelliSmart was formed in 2019 with an aim to finance and operate the smart meter rollout of power distribution companies

VIP has grown both organically and inorganically, over the years..VIP acquired the London-based Carlton in 2004 and merged with Aristocrat Luggage Ltd in 2007.

Hasbro Inc. Chief Executive Officer Chris Cocks couldn’t hide his disappointment when he opened two packs of his company’s Magic: The Gathering playing cards at a board-game cafė in New York.

Zomato has delisted potentially fraudulent restaurants from its platform after noticing conversations about these entities amongst social media users, according to the company's post on platform X on Wednesday. 

Ford will cut 4,000 jobs, nearly 2.3 per cent of its total workforce of 174,000, primarily in Germany and Britain, to reduce costs as the industry faces challenges like EVs being too expensive for consumers to buy. The company said the layoffs would happen by the end of 2027, reported Reuters. 

For FY25, iPhones are expected to generate nearly $11 billion in sales for Apple India with Mac, iPad, wearables and services likely to bring in another $4-6 billion and setting the company on road to a new annual revenue milestone in the country.

Apart from these two firms, talks are on with Australian mining major Fortescue, too. 

Adani Data Networks, a subsidiary of Adani Enterprises, which bought 5G spectrum in the 26 GHz band in the 2022 auctions is mulling surrendering the airwaves after more than two years of not putting them to use.

Ashutosh Sharma, the head of Prosus in India, visits his hometown, Bareilly, twice a year. Bareilly’s bazaars are known for their zari zardozi embroidery work. They can also be enriching for investors—what Sharma learns can shape Prosus’ investment thesis.

Zomato's Chief Executive Officer Deepinder Goyal opens a new job role for a Chief of Staff at Zomato. The eligibility criteria will be the candidate has to pay ₹20 lakh as an opportunity fee, which the company promises to donate to charity along with their own contribution of ₹50 lakh.

The decrease in revenues and profits for Parle Agro Pvt. Ltd in FY2023-24 was due to significant tax policy changes as Appy Fizz faced a drastic fourfold GST increase, to 40% from 12%. This tax hike considerably impacted Parle Agro's pricing strategy, it said. 

Wipro's executive chairman, Rishad Premji, endorsed the importance of work-life balance, highlighting that one has to define it for oneself, as organizations will never work at it for them. 

New Delhi [India], November 20: Symbiosis International (Deemed University) (SIU) has announced the last date of registration for the 2025 Symbiosis Law Admission Test (SLAT), the premier entrance exam for its renowned law programmes. With thousands of candidates vying for a place at one of India's best law schools, ensure your chance to secure 300 seats in this competitive programme. The SLAT test is scheduled for December 13 (Friday) and December 15 (Sunday), 2024 -- marking a significant change this year by moving away from its usual May schedule. Candidates can register on the official SLAT website, https://www.slat-test.org/, before November 22, 2024. The test will be conducted twice, with the highest score of the two attempts considered.

On Wednesday, Telecom major Bharti Airtel announced that it had awarded the Finnish telecom technology company Nokia a multi-billion contract to use equipment from its 5G AirScale portfolio to improve Airtel’s network in India, according to a BSE filing.

Appreciate Unveils State-Of-The-Art AI-ML Based Investing Tool - “Trading Signals” - For Investors

Raheja Developers moves NCLAT against insolvency

Booking Holdings, the parent company of Booking.com and Agoda.com, said its alternative accommodation sector outpaces competitors like Airbnb. With over 3.9 million properties, the company is not only expanding its offerings but also enhancing traveller experiences through innovative technology.

Swiggy, a competitor to Zomato, made its highly anticipated stock market debut on November 13. Swiggy's IPO created many new ‘crorepatis’ among its employees. 

A subdued September quarter, marked by revenue slowdown and high-cost pressures, has dampened sentiment. Yet, analysts remain optimistic about a second-half turnaround.

New Delhi [India], November 20: Kolkata, India's cultural capital, has a strong relationship with the Life Insurance Corporation of India (LIC), a trusted name in the insurance industry. LIC, India's largest insurance provider, has been a crucial financial security provider for families in Kolkata and West Bengal since its inception. Offering a range of products, including life insurance policies and investment plans, LIC has proven itself as a reliable partner in financial planning, protecting loved ones and growing wealth.

San Jose (California)/ Atlanta (Georgia) [US], November 20: Supercomputing Conference -- Supermicro, Inc. (NASDAQ: SMCI) a Total IT Solution Provider for AI/ML, HPC, Cloud, Storage, and 5G/Edge, is showcasing its latest high-compute-density multi-node solutions which are optimized for high intensity HPC workloads. These systems include the innovative liquid-cooled FlexTwin 2U 4-node purpose-built HPC architecture and the industry leading SuperBlade with up to 20 nodes in a 6U or an 8U chassis with a range of storage drive options. Each SuperBlade can accommodate an NVIDIA GPU per node, accelerating specific applications. Supermicro multi-nodes feature shared resources to enhance efficiency and reduce raw materials usage, with significant density improvements compared to standard rackmount systems. All-new FlexTwin™ and New Generation SuperBlade® Maximize Compute Density with up to 36,864 Cores per Rack, featuring Direct to Chip Liquid Cooling and Upgraded Technologies to Maximize HPC Performance.