United Spirits (Diageo India) has announced that Praveen Someshwar will be appointed as the new chief executive officer-designate starting March 1, replacing Hina Nagarajan. Nagarajan, who has successfully led Diageo India for four years as the managing director and CEO, will be joining Diageo’s global executive committee. This leadership transition marks a significant moment for
HCL Technologies (HCLTech), one of India’s leading IT firms, reported a modest 7% average salary hike for its employees, while its CEO, C Vijayakumar, received a staggering 190% increase in remuneration for the fiscal year 2023-24. The company also posted robust Q3 FY25 financial results, including a 5.5 per cent rise in net profit to
IT major HCL Tech on Monday announced an interim dividend of Rs 18 per equity share of Rs. 2 each of the company for the Financial Year 2024-25. This, it added, included a dividend of Rs 6 per share to celebrate 25 years of the Company’s public listing. In a regulatory filing, HCL Tech said
Anand Mahindra, Rajiv Bajaj, and other industrialists have joined the debate sparked by L&T Chairman SN Subrahmanyan’s controversial remarks about a 90-hour work week. Larsen & Toubro (L&T) Chairman SN Subrahmanyan advocated for a 90-hour work week and suggested that employees should even give up Sundays, and work then instead. “How long can you stare
Brigade Enterprises on Monday announced that it has entered into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Center (WTC) and supporting infrastructure, including a business hotel at Thiruvananthapuram. The WTC will be developed in around 1.5 million sqft of area, spread across a cluster of towers and is poised to
Go to Live UpdatesHCL Tech Quarterly Earnings and Results Today Live Updates: With the fiscal third quarter earnings season already on and IT giant Tata Consultancy Services (TCS) having released its results on January 9, HCL Tech is all set to announce its Q3 numbers today (January 13). HCL Tech had, in a regulatory filing
Blinkit’s foray into 10-minute ambulance services has drawn both applause and scepticism. Known for revolutionising quick commerce with ultra-fast grocery delivery, the Zomato-owned platform now aims to address one of the most critical healthcare gaps. But past such ventures show this is a high-stakes venture fraught with challenges. The ambulance tech sector has seen its
Despite missing Street estimates on revenue and net profit, the analyst commentary on TCS’s performance has been positive on the back of early signs of revival of discretionary spending and the firm’s robust order book. Samir Seksaria, chief financial officer of TCS, in an interview with Urvi Malvania and Ayanti Bera, talked about operational efficiencies, emerging
OPEC+ is losing its ability to control oil prices due to weak global demand and rising non-OPEC oil supplies. Now, after the change in administration in the US, the control of OPEC+ on oil prices seems to be at its lowest level, stated a report by Kotak Institutional Equities (KIE). “We cut our oil price
Adani Energy Solutions (AESL) on Thursday announced acquisition of a special purpose vehicle (SPV) Mahan Transmission (MTL). The company on March 26 executed a share purchase agreement with REC Power Development and Consultancy for acquisition of 100% stake in Mahan Transmission. The project will evacuate 1,230 MW power from Adani Power’s upcoming 1,600 MW expansion
The ministry of coal on Thursday launched the 12th round of commercial mine auctions, placing 25 coal mines under the hammer. Among these mines, two are lignite reserves, catering to diverse energy requirements. Thirteen of these coal mines are fully explored and 12 are partially explored, providing opportunities for both immediate and future development, the
Jubilant Foodworks, which operates brands like Domino’s and Popeyes is seeing a recovery in dine-in sales, according to Sameer Khetarpal, CEO and MD. He also expects dine in sales to grow from the next quarter. In an interaction with FE, Khetarpal, said that the company will add 1,000 new Domino’s and around 150 Popeyes stores
The Securities and Exchange Board of India (SEBI) on Thursday proposed that expiries of equity derivatives contracts of an exchange should happen either on Tuesday or Thursday. In addition, it has also proposed that exchanges seek its approval before launching or modifying any contract expiry or settlement day. “This is to provide optimal spacing between
