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The Economic Times
The Economic Times Bhagwati Autocast appoints Ashish Makati as CFO
The appointment took place as Mahendra Prajapati, Bhagwati Autocast's former CFO resigned from his position in October this year due to personal reasons, as stated by the company in a regulatory filing to BSE.
The Economic Times Freshworks Cuts Over 600 Jobs In Strategic Realignment, Announces $400 Mn Share Buyback
Software company Freshworks is reducing its global workforce by 660 employees, affecting Indian employees as well. The company aims to improve efficiency and focus on key areas like employee experience and has reported a 22% revenue increase in the last quarter.
The Economic Times White Hall Commercial CFO Shruti Santosh Kulkarni resigns
Kulkarni also served as the company secretary of White Hall Commercial Company. She stepped down from her position due to personal reasons, as stated by the company in a regulatory filing to BSE.
The Economic Times Samsung sales growth slowed down in 2023-24
The country’s largest consumer electronic company by sales grew revenue by 4% year-on-year in FY24 at Rs 102,626 crore as compared with 16% increase in the year-ago fiscal, as per the company’s filings done to the Registrar of Company (RoC) on Thursday. This is the lowest pace of growth in at least the last eight years with the exception of the Covid year (FY21).
The Economic Times Allcargo Gati elevates Deepak Pareek as CFO
This appointment follows the resignation of Anish T Mathew, the former CFO, who stepped down in October due to personal reasons, as noted in a regulatory filing to the BSE. Pareek joined Allcargo Gati as Deputy CFO in August 2024.
The Economic Times Talbros Engineering CFO Kanwar Pal Pawar resigns
The resignation comes due to personal reasons and unavoidable circumstances, as disclosed by the company in a regulatory filing to the BSE.
The Economic Times BL Kashyap & Sons CFO Ganesh Kumar Bansal resigns
Bansal stepped down from his position due to relocation from Delhi to Jaipur, as stated by the company in a regulatory filing to BSE. He joined the company in February of 2024, and has resigned in less than a year.
The Economic Times Oberoi Hotels & Resorts to debut in London’s Mayfair
The Oberoi Group, in partnership with Grosvenor, is set to open its first luxury hotel in the UK. Located in London's Mayfair district, the hotel will be part of Grosvenor's South Molton development, a mixed-use project encompassing offices, residences, and various amenities. The hotel, scheduled for completion by 2027, aims to deliver Oberoi's renowned design, service, and attention to detail.
The Economic Times Kridhan Infra appoints Jagannath Sanjeeva Shetty as CFO
This appointment follows the departure of Bhavesh N Nagda, the company's former CFO, who stepped down in June 2024 for personal reasons, as mentioned in a regulatory filing to the BSE.
The Economic Times 84.50 would be the key level to watch out for Rupee vis-a-vis dollar: Naveen Mathur
The Indian rupee is depreciating against the US dollar. The dollar index is strengthening. Experts believe the rupee may depreciate to 84.50 against the US dollar. The Reserve Bank of India may intervene if the rupee depreciates beyond this level. A weaker rupee is good for exports but will make imports costlier. This will impact the fiscal deficit.
The Economic Times Mitsubishi Electric’s group company, Climaveneta to invest Rs 400 crore in manufacturing plant near Bengaluru
Mitsubishi Electric's subsidiary, Climaveneta, is investing over Rs 400 crore to expand its manufacturing plant in India. The expanded facility will be the country's largest chiller manufacturing plant, aiming to double annual order intake within five years. The company also plans to export to international markets, including the USA, Europe, and South Africa.
The Economic Times India better positioned than Asian peers on trade linkages with China: Report
While many EM Asian countries have been hard hit, India's position is somewhat better due to its relatively lower dependency on trade with China, according to a report by Emkay.
The Economic Times Foreign outflows of $3.1 billion from Indian financials drive record monthly sales in October, data shows
Foreign portfolio investors withdrew a near-record $3.1 billion from Indian financial stocks in October, leading to a 6% decline in major indices. This selloff, driven by slowing loan growth and reduced bank margins, contributed to a record $11.2 billion overall outflow from Indian equities.
The Economic Times Swiggy confident of growth amid competition, emphasises strength in consumer insight
Swiggy CEO Rohit Kapoor expressed confidence in the company's growth within the quick commerce market despite increasing competition. He emphasized that success in this sector requires more than just capital, citing Swiggy's deep understanding of the Indian consumer and agile approach as key advantages.
The Economic Times Indian rupee drops to all-time low on bullish dollar outlook
The Indian rupee hit a record low against a surging US dollar as investors anticipate a boost to the American economy from Donald Trump's policies. Despite interventions by the Reserve Bank of India, the rupee weakened further, fueled by foreign investors pulling money out of Indian stocks.
