Corporate

Wipro has appointed Subha Tatavarti as its new Chief Technology Officer. The appointment is among the long list of hires by the Indian IT major as part of CEO Thierry Delaporte's plans to accelerate growth at the company. "Subha joins us from Walmart, where she led product, technology development and commercialisation of Enterprise Infrastructure along with Security, Data Science and...

Payment app MobiKwik has courted controversy after allegations of an online data leak, comprising details such as Aadhaar details, phone numbers, addresses and KYC details, surfaced on social media. As per allegations, the details of around 3.5 million users are at risk after 8.2 terabytes of data about homegrown financial platform were leaked on the dark web. MobiKwik has...

US-based fast food chain KFC will continue to expand its restaurant network in India despite the coronavirus pandemic bringing structural changes in the business, believing the country to be a growth market in the coming years, according to a top company official. KFC India, which opened around 30 new restaurants last year during the peak of the COVID-19-induced disruptions,...

Adani Green Energy on Friday said it has acquired 100 per cent stake in two special purpose vehicles (SPVs) that own 75 MW operating solar projects in Telangana from Sterling & Wilson. The projects, commissioned in 2017, have long-term power purchase agreements (PPA) with the Southern Power Distribution Company of Telangana. "Adani Green Energy Limited has completed acquisition of 100...

IT services major Infosys on Wednesday announced the appointment of former Sales force executive Chitra Nayak as an independent director. Her appointment, effective March 25, 2021, is based on recommendation of the Nomination and Remuneration Committee of the Infosys Board, a regulatory filing said. The appointment is for a period of three years, subject to the approval of shareholders, it...

In a move to combat fatigue triggered by remote working during the COVID-19 pandemic, Citigroup Inc has declared "Zoom-Free Fridays" and encouraged employees to limit calls outside work hours. While Wall Street is known for its tough work culture, the remote working during the pandemic has been particularly gruelling for most employees, taking enormous toll on their health and mental...

This World Water Day, Coca-Cola reinvigorates, a decade of water stewardship in India ~ Commemorating 10 years of Anandana’s (The Coca-Cola India Foundation) humble contributions towards water replenishment New Delhi, 24nd March, 2021: On the occasion of World Water Day, Coca-Cola reinforces its commitment towards water management, conservation and replenishment, particularly across water distressed regions in India. With interventions spanning over...

Emerging Stronger, this World Recycling Day New Delhi: On World Recycling Day, Coca-Cola India reinforces its commitment towardsone of its key Sustainability prioritiesof Waste Management. Aligned with the Government of India's Swachh Bharat (Clean India) Mission, Plastic Waste Management Rules and the United Nations Sustainable Development Goals, the company’s global initiative ‘World Without Waste’ aimed at creating a circular plastic...

Kishore Biyani's Future Group companies are in the last leg of their survival battle as the suspension of Insolvency and Bankruptcy Code (IBC) is going to end on March 31. The group companies, which have outstanding debt of around Rs 17,000 crore, are in negotiations with the banks for one-time restructuring of loans. While the banks are yet to...

Marc Llistosella, who was to join Tata Motors as its CEO & Managing Director effective from July 1, will not be joining Tata Motors since he is not able to relocate to India for personal reasons at this point of time, the industry giant, in a surprise statement, has told the stock exchanges. "As mentioned in our said earlier letter,...