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Company Updates

Elon Musk cuts senior executives in new Tesla job cuts: Report

In Short:Elon Musk is cutting senior management at Tesla and laying off more employees due to falling sales. Senior directors Rebecca Tinucci and Daniel...

Isidro Porqueras named as IndiGo’s transformation chief

In Short:IndiGo has appointed Isidro Porqueras, former COO of European airline Volotea, as chief of transformation. With 25 years of experience in commercial, strategy,...

ASK Property Fund sells off QVC Realty projects with 20% returns

In Short:ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group, has exited an investment made four...

Apollo Hospitals stock in India declines as unit’s valuation disappoints

In Short:Shares of Apollo Hospitals Enterprise in India dropped 8.4% after selling a stake in its digital unit undervalued by brokerages, losing 4.5% in...

Maruti Suzuki’s ‘Green Vehicles’ to exceed 50% market share by FY25 due to strong demand

In Short:Maruti Suzuki India is on track to have more than 50% of its sales come from green vehicles this fiscal year. The company's...

Elon Musk, Tesla CEO, makes surprise visit to China, according to report

In Short:Elon Musk, the CEO of Tesla, made a surprise visit to China, the second biggest market for electric vehicles. He postponed his visit...

Vertex Ventures seeking diversification across sectors for investment opportunities

In Short:Vertex Ventures Southeast Asia and India is increasing investments in India, focusing on new sectors like mobility, sustainability, and clean energy. The VC...

NDTV sees 59% increase in earnings, digital traffic up by 39%

In Short:NDTV Ltd reported a 59% increase in revenue for the March quarter due to digital expansion, with a 39% rise in traffic. While...

HCLTech reports ₹3,986 crore flat net profit in Q4 FY24

In Short:HCL Technologies reported a marginal increase in net profit for the fourth quarter, with a 7.11% increase in revenue. The company expects a...

Maruti Suzuki reports Q4 net profit increase of 47.8% to ₹3,877.8 cr

In Short:Maruti Suzuki India reported a 47.8% increase in net profit for the March quarter, reaching ₹3,877.8 crore. The car maker achieved a total...

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