company
- Technology
Adobe won’t do mass layoffs, says its chief people officer
San Francisco: Bucking the layoff trend that has hit companies across the spectrum, software major Adobe has said it will not perform company-wide layoffs. Unlike other Silicon Valley tech giants, Adobe will…
- Delhi
It is our company, not Satyendar Jain’s: Co-accused tell Delhi HC
New Delhi: The Delhi High Court on Tuesday, while taking note of the submissions of jailed minister Satyendar Jain’s co-accused Ankush and Vaibhav Jain in a Prevention of Money Laundering Act (PMLA)…
- India
Bihar labourers trapped in Tajikistan appeal to state, Centre for rescue
Patna: A number of labourers from Bihar’s Siwan and other districts said that they are trapped in Tajikistan and requested the state and Central government to rescue them. The labourers went to…
- Business
Infosys posts Rs 6,586 crore net for Q3
Chennai: Software major Infosys Ltd closed its third quarter with a higher net profit of Rs.6,586 crore. In a regulatory filing, it said it had closed quarter ended December 31, 2022 with…
- Business
A merger deal pursuits ‘going well’ despite delay: Samsung CEO
Las Vegas: Samsung’s chief executive officer Han Jong-hee has said the company was still pursuing a merger deal, even though its efforts have hit a snag. The tech company’s deal-making activities were…
- Business
Online education company Pluralsight lays off 400 employees
San Francisco: Online education company for developers and IT professionals, Pluralsight, which was recently valued at more than $1 billion has announced to lay off 20 per cent of its global workforce,…
- Business
BharatPe CEO enjoying life with money I raised but fails to grow company: Ashneer
New Delhi: Despite Delhi High Court’s order to restrain from making defamatory statements against the company and its executives amid the ongoing Rs 88.6 crore fraud case, former BharatPe Co-founder and Managing…
- Technology
Amazon CEO Andy Jassy again defends massive layoffs at company
San Francisco: Amazon CEO Andy Jassy has again defended massive layoffs at the company, saying, “we just felt like we needed to streamline our costs”. Jassy justified the mass layoffs at the…
- Business
NDTV scrip hits upper limit after change of guard at promoter company
Chennai: The shares of television channel company New Delhi Television Ltd (NDTV) on Wednesday hit the upper circuit at the bourses with the change of guard at the promoter’s holding company RRPR…
- Business
Former FTX CEO has no stake in Twitter as a private company: Musk
San Francisco: Elon Musk on Thursday said that Sam Bankman-Fried (SBF), former CEO of bankrupt crypto exchange FTX, does not have any share in Twitter as a private company. Semafor publication first…
- India
Cognizant to open new facility in Calcutta as company transitions to hybrid work
Calcutta: Cognizant, an American multinational information technology services and consulting company, is gearing up to set up a new facility in Calcutta as the company is going to transition to hybrid work…
- Technology
Elon Musk is Twitter CEO as company braces for deeper layoffs
San Francisco: Chief Twit Elon Musk is officially the new CEO of Twitter as the micro-blogging platform braces for deeper layoffs under him. Musk earlier tweeted that he has “no idea” who…
- Automobile
BMW Group to invest $1.7 bn to build EVs in US
San Francisco: Leading automaker BMW Group has announced that it will invest $1.7 billion to build electric vehicles (EVs) in the US. The investment includes $1 billion to prepare for producing electric…
- Automobile
Kia union approves tentative 2022 wage deal amid chip shortage
Seoul: Unionised workers at Kia have tentatively agreed to a wage deal for 2022 amid the extended chip shortage and COVID-19 pandemic, the company has said. Kia’s 30,000-strong union tentatively accepted the…
- Business
LG Electronics’ Q3 profit estimated to have risen 25% on-year
Seoul: LG Electronics said on Friday that its preliminary third-quarter operating profit jumped around 25 per cent from a year earlier. The tech company said its profit for the July-September period was…
