CHHABRA

Nokia restructuring its India operations, names Tarun Chhabra as new country head

The rejigs and job cuts - in line with global restructuring at the telecom equipment maker - come amid a weak India business environment in the face of reducing 5G capex spends by top telcos Bharti Airtel and Reliance Jio as well as major customer Vodafone Idea's continuing financial struggles.

Tarun Chhabra to replace Sanjay Malik as Nokia India country manager

"Tarun Chhabra will continue in his role of Head of Mobile Networks Market India in addition to assuming India Country Manager responsibilities," the company said in a statement.

Nokia names Tarun Chhabra as new India head

The restructuring at the India unit is part of a global restructuring plan announced in October 2023 by Nokia to cut costs. As part of the plan, the company might have shed over 11,000 jobs globally.

DGCA terminates Chief Flight Operations Inspector Vivek Chhabra on administrative grounds

"Based on confidential inputs and in pursuance of the provisions of para 1.6 (II) and associated relevant provisions of the terms and conditions of his engagement, the contract of Capt Vivek Chhabra, CFOI stands terminated with immediate effect on administrative grounds and in the public interest," an order signed by Dinesh Kumar Rana, DGCA director (administration) said.

Demand for telecom gear to zoom in '24-25: Nokia

In the third quarter financial report, Nokia CEO Pekka Lundmark said the business continued to benefit from 5G deployments in India, where net sales more than doubled year-on-year, but sales volume moderated significantly on a sequential basis as the pace of deployment has started to normalise. Chhabra said Nokia will increase exports from India if demand tapers, but he expects the growth momentum in the country to continue.

ReCircle raises pre Series-A round from Flipkart Ventures, 3i Partners, Acumen Fund

The annual plastic waste production in India currently stands at 3.4 million tonnes, out of which just 30% is being recycled at present.

Indian rupee sees best week in five; traders await US jobs data

The Indian rupee ended the week at 82.3050 against the US dollar, the highest since May 17, as investors increasingly bet on a rate pause by the US Federal Reserve weakening the dollar. Recent foreign inflows and upbeat growth numbers from India have supported the currency. Easing domestic inflation, stronger-than-expected economic growth and improved investor confidence in the country have also lifted sentiment. Analysts are now eyeing the US jobs report and inflation data due next week, which could provide direction for the dollar index. The dollar's high deposit rates are seen slowing its sell-off.

Rupee snaps 2-week losing streak, rises 14 paise; premiums tumble

The Indian rupee ended the week with a 0.1% gain after rising 0.2% against the US dollar on 25 May. Its performance was driven by a reversal in investment flows into local equities. The rupee's decline to near a three-month low earlier in the week was offset by dollar inflows. Quant macro strategist at Prabhudas Lilladher PMS, Ritika Chhabra, also said that foreign investment, in particular, supported the currency. The movement of the US dollar will be key to forward premiums near-term, while US core PCE data is also expected to impact bond yields and rupee premiums.

Timex Group acquires watch retail brand Just Watches

"...this is in line with our future growth plans and hence brings a perfect synergy between the coming together of the two brands. We are confident that the acquisition will provide a wider choice of timepieces to our consumers. Through this business move, at Timex, we are geared up to increase our consumer base countrywide," Timex India Managing Director Deepak Chhabra said in a statement.

Paras Chhabra denies relationship with Mahira Sharma amid break-up rumors

While rumors of a break-up between Paras Chhabra and Mahira Sharma continue to circulate, the former has denied any romantic involvement with the female actor, insisting that they remain friends. Meanwhile, Mahira is said to be focusing on her career after the split.

Usha International looks to close FY23 with around Rs 3,800 crore revenue

Usha International operates in the consumer durable space with a product portfolio, including fans, sewing machines, home appliances and power products. Presently 45 per cent of Usha International's business comes from the fan segment, while the rest is contributed by others.

actyv.ai appoints Sanjeev Chhabra as Chief Growth Officer to drive global expansion

Ayushmann Khurrana's 'An Action Hero' may be pulled out of theaters due to poor box office collection

An Action Hero box office collection saw a steep decline in the last few days, and the movie could soon be removed from the theatres following its dismal performance. The movie was released on December 2 and couldn’t pull the audience to the cinema halls. On the 5th day of the release on December 6, the film hardly minted any money.

Health insurance cover eludes many organ donors

Their existing insurance covers the cost of transplant and post-operative treatment, but a new enhanced insurance post-surgery is difficult, donors and recipients said.

"Pleased to inform that promoter... is no more", says company in exchange filing

A Twitter user named Dukhi Aatma shared the post with the caption, "Dear investors, the world in a cruel place once you are gone. look at AK Spintex folks. Vakil Saheb @RURALINDIA, see how company secretaries using old template/wrong template changes the meaning. Can something be done to correct the issue."

Blunder in notice to stock exchange, company says "pleased to announce the death of promoter”

"We are pleased to inform that promoter of our company Smt. Saroj Devi Chhabra holding 4,41,000 Shares (8.76%) is no more in this world. You are requested to please take on record the above said information of the company for your reference and further do the needful,” the text in the notice read.

Nykaa's beauty private label CEO Reena Chhabra resigns

Reena Chhabra joined Nykaa in 2016 and was instrumental in taking its private label to more households by introducing new product lines and increasing distribution.

Thermal management startup, Tan90 raises Rs 5 crore in funding led by Blue Ashva Capital

Tan90 solutions have been recognized by energy bodies like the Bureau of Energy Efficiency, India, UNIDO, Department of Biotechnology, Department of Science and Technology, and Government of India.

Supriya Pathak, Manoj Pahwa-starrer comedy-drama 'Home Shanti' to release on May 6 Disney+ Hotstar

The series revolves around a family's long-harboured dreams of becoming homeowners.

Evenflow partners with ecommerce enabler Eunimart for global expansion

As part of the partnership, Evenflow and Eunimart will work together to help in strategizing the global expansion of brands that the former acquires in the Indian market.

Rubber, Chem & Petrochem Skill Development Council appoints chairman

To ensure availability of skilled human resources to rubber industry, RCPSDC, a sector skill council for the rubber and chemical sector was set up by All India Rubber Industries Association (AIRIA), Automotive Tyre Manufacturers’ Association (ATMA) and National Skill Development Corporation (NSDC) under the aegis of Ministry of Skill Development & Entrepreneurship (MSDE).

Rise in claims for non-Covid procedures may hit insurers

India’s health insurance industry, recovering from the devastating second wave of coronavirus infections in the June quarter, is now preparing for a new challenge — a surge in claims from planned hospitalisations deferred since early 2020.

Cron AI lands $4 million funding led by VenturEast, Kitaki Ventures

Cron AI will use the funds raised to accelerate the delivery of senseEDGE into new markets to power the core of autonomous systems and automated machines.