Business news
- Business
Zomato CEO says aware of fraud at delivery agents’ end, fixing it
New Delhi: After an entrepreneur complained in a LinkedIn post that a Zomato delivery agent advised him to cheat the company by paying some money directly to him and enjoy the food,…
- Business
Contract personnel deleted software files: US on mega aviation outage
San Francisco: The US has blamed the third-party contractors for last week’s mega outage that grounded thousands of flights, saying that “contract personnel unintentionally deleted files” while working on the 30-year-old software.…
- Technology
Musk admits he ignored investors while tweeting on Tesla ‘going private’
San Francisco: Elon Musk has admitted in a US court that he ignored his advisors and investors while tweeting about Tesla securing funding in 2018. Musk, who briefly took the stand on…
- Business
Wipro lays off over 400 freshers for poor performance
Bengaluru: IT giant Wipro has laid off more than 400 fresher employees for poor performance in internal assessment tests. The company has issued termination letters to all the affected employees and stated…
- Business
SC declines to stay CCI fine of Rs 1,337 crore on Google
Delhi: The Supreme Court on Thursday declined to entertain a plea by Google challenging a National Company Law Appellate Tribunal (NCLAT) order, which refused to stay the operation of the Competition Commission…
- Business
Amazon faces over $60K penalty for unsafe warehouse work conditions
Washington: US regulators have found that three Amazon warehouse facilities exposed workers to “ergonomic hazards”, including putting them at high risk for lower back injuries and other musculoskeletal disorders. Amazon faces a…
- Business
Amazon begins new round of layoffs, 18K jobs to go
San Francisco: Amazon has started notifying its employees affected by its new round of layoffs, as a part of its plan to reduce its headcount by around 18,000 people, the media reported.…
- Business
Elon Musk stands to lose billions over 2018 Tesla tweets in US trial
San Francisco: The controversial 2018 tweets by Elon Musk on taking Tesla private have come back to haunt him and he stands to lose billions in a class-action lawsuit by Tesla investors…
- India
India presents itself as resilient economy at World Economic Forum in Davos
Delhi: India has reiterated its position as a resilient economy providing stable policy to the global investors at the World Economic Forum (WEF) at Davos. India’s focus areas at WEF this year…
- Business
Maruti Suzuki recalls 17,362 vehicles for faulty airbag controller
Chennai: Passenger car major Maruti Suzuki India Ltd has recalled 17,362 vehicles comprising newly launched Grand Vitara, Alto K10, S-Presso, Eeco, Brezza and Baleno, to replace airbag controllers. The company is recalling…
- Business
Inflation may be past peak but cost of living crisis far from over: Experts
Davos: Inflation is likely to have reached its peak in 2022 but there is no end in sight for the cost of living crisis, experts said on Tuesday. Speaking at a panel…
- Business
More than 90% Indian CEOs plan to cut operating costs: PwC survey
New Delhi: A majority of Indian CEOs have indicated in a survey that they plan to cut down their operating costs amid rising geopolitical risks. At the same time though, they are…
- Business
Quick-grocery delivery provider Dunzo cuts 3% of its workforce
New Delhi: Homegrown quick-grocery delivery provider Dunzo has laid off 3 percent of its workforce amid cost-cutting measures, the platform confirmed on Monday. Kabeer Biswas, CEO and Co-Founder, of Dunzo, told IANS…
- Business
Over 1,600 tech employees being fired a day on average in Jan
New Delhi: More than 1,600 tech employees are being laid off per day on average in 2023 globally including in India, and the sacking episodes have gained speed amid the global economic…
- Business
‘Will you put in same regime as in Europe’: SC on Google plea against CCI penalty
New Delhi: The Supreme Court on Monday said it could consider sending the application filed by Google back to the National Company Law Appellate Tribunal (NCLAT) – on a condition. As the…
