Corporate

Facing negative net worth, Spencer's Retail to shut loss-making stores

Informist, Thursday, Feb 22, 2024 --Source: Spencer's Retail to shut down all loss-making stores--Source: Spencer's Retail to focus only on Delhi, Kolkata, Hyderabad--Source: Spencer's Retail to shut stores due to accumulated losses--CONTEXT: Spencer's Retail consol net worth (-)5.1 bln rupees end-Dec--Source: Spencer's Retail to right-size ops at corporate level By Avishek Rakshit KOLKATA – Aiming to...

Grasim launches Birla Opus paints, aims to be profitable in 3 years

Informist, Thursday, Feb 22, 2024 --Grasim launches paints business under 'Birla Opus' brand --Grasim Chairman Birla: Entered paints business on infra opportunity --Grasim Chairman Birla: Launching Panipat, Ludhiana, Cheyyar plants --Grasim Chairman Birla:Chamarajanagar plant to be launched by Apr-Jun --Grasim Chairman Birla: Kharagpur plant to be launched by Jan-Mar 2025 --Grasim: Launching services in Punjab, Haryana,...

PSP Projects gets 2 Gujarat orders worth 3.8 bln rupees, say sources

Informist, Wednesday, Feb 21, 2024 --Sources: PSP Projects gets 2 Gujarat orders worth 3.8 bln rupees--Sources: PSP Projects to today get letter on 2 project orders--Sources: PSP Projects gets projects in Science City, GIFT City By Sunil Raghu AHMEDABAD – PSP Projects Ltd has got two orders worth 3.8 bln rupees, and the state...

Client mining, AI key for Tech Mahindra transformation, says official

Informist, Wednesday, Feb 21, 2024 By Vivek Kumar and Shiladitya PanditMUMBAI – Strengthening partnerships with existing top clients and using generative artificial intelligence to transform service lines and functions will be some of the key factors that will help Tech Mahindra Ltd in its journey of transformation, said Jagdish Mitra, who has worn several hats...

KPIT Tech CEO expects Asia business to see fastest growth for co

Informist, Wednesday, Feb 21, 2024 By Vivek Kumar and Shiladitya Pandit MUMBAI – Automotive technology firm KPIT Technologies Ltd expects its US business to grow slower than the European operations this year. Asia will be the company’s fastest-growing geography, according to its Managing Director and Chief Executive Officer Kishor Patil. “Europe has been a great story for...

Gujarat Gas likely to cut industrial gas prices by 9%, sources say

Informist, Tuesday, Feb 20, 2024 --Sources: Gujarat Gas mulls 9% cut in industrial gas prices--Sources: Gujarat Gas may cut industrial gas prices from Mar 1--Sources: Gujarat Gas to cut prices to regain sales volume--Sources: Gujarat Gas’ gas sales in Morbi may double post price cut By Sunil Raghu AHMEDABAD – Gujarat Gas Ltd...

KNR Constructions plans 4 hybrid annuity road projects sale, says ED

Informist, Tuesday, Feb 20, 2024 --KNR Constructions ED: Plan to monetise 4 hybrid annuity road projects--KNR Constructions: In final talks to sell 1 Tamil Nadu road project--KNR Constructions: Talking to Cube Highways, others for road projects--KNR Constructions: In talks to monetise Andhra, Kerala road projects--KNR Constructions: Expect 8.0-8.2 bln rupee from road projects' sale By Narayana Krishna HYDERABAD...

Coal India inventory up, FY25 aims awry on weak demand, says official

Informist, Tuesday, Feb 20, 2024 --Coal India official: May end FY24 with 80 mln tn inventory, up 15%--Coal India official: India stocks seen 120 mln tn end FY24, up 17%--Coal India official: Power cos demand less than projected earlier--Coal India official: Power cos' stock seen 40 mln tn end FY24, up 16%--Coal...

Expect FY25 to be better than FY24, says TCS CEO Krithivasan

Informist, Tuesday, Feb 20, 2024 --TCS CEO: Remain cautiously optimistic in medium- to long-term --TCS CEO: Expect FY25 to be better than FY24 --TCS CEO: Believe some industry verticals have bottomed out --TCS CEO: Positive on long-term outlook for IT services --TCS CEO: Generative AI not causing reduction in workforce --TCS CEO: Don't see decline in...

Tech Mahindra MD says generative AI can help reimagine contact centres

Informist, Monday, Feb 19, 2024 --Tech Mahindra CEO: Generative AI playing key role in contact centres --Tech Mahindra CEO: Generative AI playing key role in productivity  MUMBAI – Generative artificial intelligence is playing a key role in the business of contact centres, talent acquisition, and developer productivity, said Mohit Joshi, managing director and chief...


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