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Business News/ Companies / Companies News Today Live Updates on November 4, 2024: Bosch to cut over 7,000 jobs as it lowers growth forecast for 2024: What we know
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Companies News Today Live Updates on November 4, 2024: Bosch to cut over 7,000 jobs as it lowers growth forecast for 2024: What we know

9 min read . Updated: 04 Nov 2024, 04:45 PM IST
Livemint

Companies News Today Live Updates on November 4, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Companies News Today Live Updates: Bosch to cut over 7,000 jobs as it lowers growth forecast for 2024: What we knowPremium
Companies News Today Live Updates: Bosch to cut over 7,000 jobs as it lowers growth forecast for 2024: What we know

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you're an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

04 Nov 2024, 04:45:18 PM IST

Company Business News Today Live: Bosch to cut over 7,000 jobs as it lowers growth forecast for 2024: What we know

  • CEO Stefan Hartung indicated the company won’t meet its economic targets and may make further staffing adjustments. Bosch, reporting €92 billion in revenue in 2023, expects a 4% sales return this year, down from last year’s 5%.
Read the full story here

04 Nov 2024, 04:25:17 PM IST

Company Business News Today Live: Chinese logistics operators are getting into US warehousing

  • The growing leasing activity comes as e-commerce operators are trying to reach more American consumers.
Read the full story here

04 Nov 2024, 04:14:38 PM IST

Top Company Leader Today Live: Why $11 trillion in assets isn’t enough for BlackRock’s Larry Fink

  • Fink wants to push the world’s largest asset manager into the more lucrative world of private markets.
Read the full story here

04 Nov 2024, 02:42:23 PM IST

Company News Today Live: NCLAT issues notice to Adani Power on plea contesting acquisition of Lanco Power

  • The appeal was filed by Indian Bank’s stressed asset management division, which contested the validity of the resolution plan.
  • However, the NCLAT’s Chennai bench declined to impose an interim stay on the approved plan.
Read the full story here

04 Nov 2024, 02:11:27 PM IST

Company Business News Today Live: Data check: Why C-suite salaries jumped in FY24—and did staff pay keep pace?

  • The median pay for listed companies’ top leaders jumped 8.6% to ₹5.7 crore in 2023-24, showed a Mint analysis. This was likely due to a strong net profit growth of nearly 29%, though the average employee in these companies continued to get moderate salary hikes.
Read the full story here

04 Nov 2024, 02:01:50 PM IST

Company News Today Live: Skillmatics likely to go for India listing in 2-3 years: CEO Dhvanil Seth

  • The Peak XV-backed toymaker is also exploring newer categories such as gaming for adults and home and nursery, according to the co-founder.
Read the full story here

04 Nov 2024, 01:32:14 PM IST

Company News Today Live: Zomato's Deepinder Goyal addresses 'future dated' mushrooms found in warehouse: 'Were never going to make it to...'

  • Deepinder Goyal, CEO of Zomato, defended the company after 90 mislabeled mushroom packets were discovered, blaming a manual error by the vendor. He reaffirmed Zomato's dedication to food safety standards and mentioned the warehouse received an A+ rating in a recent inspection.
Read the full story here

04 Nov 2024, 09:46:19 AM IST

Company News Today Live: Swiggy fined ₹35,000 for overcharging Hyderabad 'one membership' customer. Here's what happened

  • Swiggy has been fined ₹35,000 for overcharging a 'Swiggy One membership' customer in Hyderbad.
Read the full story here

04 Nov 2024, 06:00:14 AM IST

Company News Today Live: InCred plans insurance, mutual fund arms as it seeks to diversify offerings

  • The insurance venture will tap domestic investors to seed the business with at least ₹300 crore in capital. InCred will own over 51% of the general insurance business, focusing on health and motor insurance.
Read the full story here

04 Nov 2024, 05:15:13 AM IST

Company Business News Today Live: Flex space revenue booms as the office goes to the employee

  • The flexible office segment, comprising co-working and managed workplaces, doubled in the last five years, accounting for 58 msf or 7-8% of the overall Grade-A office inventory in the first half of 2024.
Read the full story here

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