Business
-
Why Apple’s Tim Cook has not cut workforce amid mass layoffs
San Francisco: As every Big Tech company has announced job cuts running into thousands, Apple is yet to do so and may not plan to terminate employees as it never hired at…
-
Adani’s net worth dips, falls off world’s top 10 billionaire list
Amid war of words between Adani Group and Hindenburg Research, India’s richest person Gautam Adani lost a spot on the world’s top ten billionaire list as his net worth dipped further on…
-
Online marketplace OLX Group to slash over 1,500 jobs globally
New Delhi: Joining the mass layoff season, online marketplace OLX Group is slashing 15 per cent of its workforce, or more than 1,500 employees, globally including in India as part of restructuring…
-
Economic Survey for 2022-23 to be presented later today; Its importance and history
Delhi: The wait for the annual national Budget is almost over as the Union government is set to table the Economic Survey on Tuesday. Union finance minister Nirmala Sitharaman will table the…
-
Sensex, Nifty close higher in volatile trade as IT, oil shares recover
Mumbai: Benchmark BSE Sensex and Nifty closed higher in a highly volatile trade on Monday, riding on the back of a recovery in IT, oil and financial stocks after a two-day fall…
-
LIC says it has exposure of Rs 36,474.78 crore to Adani group
Mumbai: Life Insurance Corporation (LIC) on Monday said it has an exposure of Rs 36,474.78 crore to Adani group’s debt and equity, and the amount is less than one percent of the…
-
India Inc bosses to get 9.1% pay hike, average CEO compensation now Rs 8.4 cr
New Delhi: Amid widespread layoffs, top Indian CEOs and senior executives are set for an average 9.1 percent salary hike in 2023 and average CEO compensation has gone up 21 percent over…
-
Philips to slash 6,000 jobs by 2025
London: Tech firm Philips on Monday said that it plans to cut 6,000 jobs by 2025, including around 3,000 this year, to enhance performance and drive value creation. In October, last year,…
-
Acer launches new laptop with latest AMD Ryzen 7000 series processor in India
Bengaluru: Taiwanese electronics company Acer on Monday launched its new laptop which features the latest AMD Ryzen 7000 series processor, a 15.6-inch Full-HD display and much more, in the country. The new…
-
Apple sells 2 mn iPhones in India in holiday quarter, logs 18% growth
New Delhi: Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 per cent growth (quarter-on-quarter) for its flagship device, new data showed on Monday. The…
-
India safeguarding farm subsidy, says Tomar on G20 sidelines
Chandigarh: Union Minister for Agriculture Narendra Tomar on Monday said interest to safeguard the support extended to the agricultural sector in form of subsidy by the government will be protected in the…
-
Mark Zuckerberg now puts Meta’s middle managers on notice
San Francisco: After sacking 11,000 employees in November last year, Meta Founder and CEO Mark Zuckerberg has now reportedly put middle managers at the company on notice. According to the newsletter Command…
-
Why Singapore Airlines is investing in Air India?
Singapore: When the Singapore Airlines Group (SIA) released its operating statistics for December 2022, it revealed that it carried almost 12 per cent more passengers compared with a month ago and four…
-
India Ahead shuts down, employees not paid for months
New Delhi: India Ahead, a private English news channel, shut down its operations, leaving its employees in a state of uncertainty. The employees have alleged that they have not been paid their…
-
Hindenburg fraud-type assertions are devoid of facts: Adani Group
New Delhi: The Adani Group has said that accounting (or fraud-type assertions) “investigation” by Hindenburg Research are devoid of facts. Of Adani’s portfolio’s nine publicly listed entities, eight are audited by one…
