Page 1807 - Company News

No hirings, more layoffs soon, Meta CEO Zuckerberg tells employees

Meta Founder and CEO Mark Zuckerberg has made it clear that the social network is freezing hiring across the board, warning that more layoffs are in the pipeline.

Discussions on with Indus Towers for softer payment terms, says Vi

This follows Indus Towers's warning letter to Vi to pay up its accumulated dues or face disconnection from November.

Countdown to a new tomorrow: PM Modi to launch 5G services on October 1

The Indian economy is expected to rake in $455 billion between 2023 and 2040 as a direct result of 5G, according to the GSM Association

Rothschild plans to hire 7 bankers in India before year-end for expansion

The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession

Google announces an end to Stadia game streaming service in January 2023

American tech giant Google has announced that it will be ending its game streaming service Stadia. It will be finally shut down on January 18, 2023.

EarlySalary rebrands itself as 'Fibe', aims to expand operations

Fibe has expanded its presence from 18 cities to 150 cities and increased its customer base from 35,000 to 1 lakh new customers per month, the firm said.

Reliance Retail plans to open mass brands beauty stores in tier II and III

It is already in advanced stage talks with Arvind Fashions to acquire Sephora

Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes

Hero MotoCorp on Thursday said it will invest $60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles.

IndiGo inducts first freighter aircraft, converted from a passenger plane

No-frills carrier IndiGo on Thursday announced the induction of its first freighter aircraft, converted from a passenger plane

Adani Enterprises secures funds to build Ganga Expressway at Rs 23,000 cr

The company has secured debt worth Rs 10,238 crore and will make a capital infusion of Rs 6,826 crore

New LML not primarily focused on price and range: MD Yogesh Bhatia

'The company is targeting to earn Rs 300 crore revenue in the first year after launching the first vehicle'

Companies can now register themselves as insolvency professionals

Earlier, the regulations only allowed the IPEs to provide support services to insolvency professionals

ArcelorMittal Nippon Steel India joins race to buy Srei group firms

Sources close to the development said whether new participants who were not part of the original list of EOI would be allowed will have to be evaluated

Adani Enterprises' stock falls 2.6% ahead of Nifty50 debut

The company was also in focus after it said it was considering increasing its public float

80% of IT employees need better reason to go to office, says report

Several companies, the report claims, have introduced higher variable pay and employee engagement budgets while cutting down the internet allowance to make employees return to the office

Venture Catalysts-backed Elev8 announces $200 mn fund to invest in startups

Venture Catalysts-backed Elev8 Venture Partners on Thursday announced the launch of a USD 200 million fund to invest in tech companies.

BharatPe's PoS vertical turns profitable within 2 years of launch

BharatPe is the No. 2 private POS player in the country with an installed base of close to 2 lakh machines across more than 250 cities in the country, the firm said in a statement

Price hikes in electric scooter models? 'Unlikely', says Ola Electric

The government has extended the earlier October 1 deadline for the implementation of new battery testing norms for electric vehicles (EVs)

Reliance Retail's fashion-lifestyle store AZORTE to take on Zara, Mango

The company plans to ramp up the store presence across key markets over the coming months

Blue Dart Express' volume growth momentum likely to sustain in FY23

Margin levels could see an improvement on higher volumes, price hike