Page 1612 - Company News

Swiggy lays off 380 employees, CEO dubs over-hiring a 'poor judgement'

Sriharsha Majety says 'I should've done better here'; firm shuts down meat marketplace business

Reliance Retail acquires footwear and apparel retailer V Retail: Report

V Retail operates 32 Centro stores in the markets of Andhra Pradesh, Telangana and Karnataka

ICC falls prey to online scam, loses close to $2.5 million: Report

The incident of phishing, which originated in the USA, took place last year, ESPNCricinfo reported

Indian Railways surpasses its FY22 revenue in nine months of FY23

Expects to end the year with earnings of Rs 2.35 trillion

Layoff season continues: Wipro fires 452 freshers on performance grounds

Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23

Had toyed merging with Satyam a year before it went bust: Anand Mahindra

The Mahindra Group had toyed with the idea of merging with Satyam Computer Services a year before the Hyderabad-based IT company went bust, its Chairman Anand Mahindra said

Multilateral bodies must join hands to deal with future outbreaks: SII CEO

SII CEO Adar Poonawalla has called for global harmonisation or regulatory standards and said that cooperation among multilateral organisations is a must for dealing with future outbreaks

US Crypto lending firm Genesis files for Chapter 11 bankruptcy protection

Genesis' restructuring plan includes creating a trust that will distribute assets to creditors

Google Play Store policies: CCI files caveat before Supreme Court

The NCLAT, on January 11, refused to stay the CCI order and asked Google to "cease and desist" from abusive Playstore practices

Sodhi's exit from Amul shows chronic problem between management and board

The abrupt dismissal of the managing director points to a chronic problem between the milk marketing behemoth's management and its board

Bajaj Auto's electric Chetak to roll out in Europe by early 2024

Company's Chakan plant has just produced its 1 millionth KTM bike

After strong Q3 show, Metro Brands growth outperformance may continue

It is expected to support its rich valuations

Bombay High Court rejects Rapido's plea over plying bike-taxi in Pune

Bombay High Court has rejected a petition by bike-taxi aggregator Rapido against Pune RTO's refusal to grant it a license for plying two and three-wheelers taxis

India to benefit from US, China decoupling: Gautam Adani tells Davos summit

Countries seeking their own form of self-reliance, says billionaire in reference to India's Atmanirbharta campaign of economic independence

Infosys CEO Salil Parekh signals M&A ramp-up as economic outlook brightens

We are very much looking at what we can do to acquire much more actively. Valuations are in a range that make more sense," Parekh told Bloomberg News in an interview at the WEF in Davos

DGCA slaps Rs 30 lakh penalty on Air India for urination incident in flight

Aviation regulator DGCA has imposed a penalty of Rs 30 lakh on Air India as well as suspended the license of pilot-in-command of flight in which a person allegedly urinated on female co-passenger

Lay offs deepen at chip-maker Intel, 201 jobs to be cut by January 31

The company in December anticipated it would be reducing 90 jobs in Santa Clara

HDFC to raise at least Rs 3000 cr via bonds; may invite bids next week

India's Housing Development Finance Corp (HDFC) will return to bond market after a gap of two months, three merchant bankers said on Friday

Birla Group Holdings to raise funds through sale of commercial papers

The company will offer a yield of 7.85% for this issue for which it has received commitments worth around 2 billion rupees ($24.62 million) so far

Swiggy lays off 380 employees, CEO says 'very difficult decision': Report

CEO Sriharsha Majety said the growth rate has slowed down more than the company's projections