Light
Dark
The use of the cloud in corporate operations has become a game-changing innovation that enables organizations to increase productivity and scalability. Businesses may increase communication, decrease expenses, and simplify operations by utilizing the potential of the cloud. This article will examine the different ways that corporate processes can be improved with the use of cloud […]
You need a job and the offers that come to you are from Air India, TELCO and TISCO. You would pinch yourself. Is it real? But one man rejected all these offers. Instead, he decided to work at the Indian Institute of Management (IIM) Ahmedabad as a chief system programmer. Reason? His quest for learning. […]
The number of small to medium-sized businesses in every country of the world is increasing with every passing day. These small to medium-sized businesses are important for the economy of any country and are considered the backbone of the economy. Due to the increasing number of businesses, the business landscape has become highly competitive. In […]
RBI Governor Shaktikanta Das announced on Thursday that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to maintain the repo rate at 6.5 per cent. This decision comes after the central bank’s previous meeting in April, where it put halt to its rate hike cycle and kept the repo […]
The British broadcaster BBC has informed the income-tax department that it would like to modify some of its prior income that may have been underreported during the required filing of returns for its activities in India. The development takes place in the wake of the tax department’s three-day survey of the organisation’s Delhi offices in […]
Shark Tank India, the popular entrepreneurial reality show, is gearing up for its highly anticipated Season 3, promising even greater investment opportunities and thrilling pitches. Season 2 witnessed an impressive total investment of over Rs 80 crore by the esteemed panel of judges. The panel for Season 2 included renowned names such as Namita Thapar, […]
The Confederation of Indian Industry (CII) president, R Dinesh, recommended a few measures to achieve a sustainable growth of over 7.5%. He appreciated the Centre’s “pragmatic and transformational policies” and laid emphasis on “building trust” while announcing Quality Mission 2.0. Some of CII’s top action goals for the upcoming year included livelihood businesses, tourism, wellness, […]
The auditing firm Deloitte offered a qualified opinion on the financial statements of Adani Ports & Special Economic Zone and highlighted three transactions, including recovery from a contractor mentioned in the Hindenburg report. Deloitte Haskins & Sells LLP noted transactions with three entities in the auditors’ report on the audit of the fourth quarter and […]
The Adani Group stocks extended gains on Tuesday to the third consecutive session with flagship Adani Enterprises scoring the best with 10% gains. It was followed by Adani Wilmar which shot up nearly as much. All ten Adani stocks were trading in the green in early trade. This is significant as shares of Adani Group […]
The Supreme Court-appointed expert committee stated that Sebi’s investigation into suspected irregularities in money flows from offshore organizations into the conglomerate has “drawn a blank” and that it cannot draw any regulatory conclusions regarding the stock price increases of Adani Group. The six-member panel, however, asserted that there was evidence of a build-up in short […]
Byju’s Alpha, a prominent Indian tech company, is facing accusations from lenders of concealing $500 million (41 billion INR) amidst a legal battle for control of the company. The lenders made their claim during a court hearing in Delaware, where Byju’s Alpha is being sued over ownership rights. The lenders argue that a previous default […]
British telecom company Vodafone announced today that it will eliminate 11,000 positions over the next three years as its new CEO Margherita Della Valle looks to create a “simpler” business model as it anticipates little to no earnings growth for the next fiscal year. In order to “increase our commercial agility and free up resources,” […]
Google, Intel, Microsoft, Meta, Amazon and a host of other firms had recently decided to downsize their workforce to navigate a challenging macro-economic environment. And now, Amazon, after firing 10,000 staffers, has gone to the extent of announcing that its employees won’t get a hike this year. The company has however agreed to offer promotions, […]
LinkedIn, a business professionals-focused social media network owned by Microsoft Corp., announced on Monday that it would eliminate 716 jobs due to waning demand and close its China-specific job application. Although LinkedIn, which has 20,000 employees, has seen quarterly revenue growth over the past year, it has joined other major technology companies, including its parent, […]
Rocked by recent allegations of accounting wrongdoings, operating shell companies in tax havens, inflating share values by giving a misleading picture of revenues, and round-tripping funds, the Adani Group was linked to case studies of corporate misgovernance. While the group vehemently contested the Hindenburg report, which detailed the charges, it emphasised commitment to openness and […]
Adani Ports and Special Economic Zone Ltd (APSEZ) has announced the sale of its Myanmar Port for a total of USD 30 million. The sale, which was initially announced in May 2022, included certain Condition Precedents (CPs) such as the completion of the project and approvals for the smooth conduct of business by the buyer. […]
Sankalp Recreation, the losing bidder in the race to acquire Rajesh Lifespaces’ hotel business in Mumbai, has filed a petition with the National Company Law Tribunal (NCLT) opposing lenders’ decision to hand over the hotel to the Rare ARC-Naman Group consortium. In its petition, the Ahmedabad-based company has alleged that the consortium was given a “back […]
Nexus Select Trust is planning to enter the capital markets on 9 May with a Rs 3,200 crore REIT (Real Estate Investment Trust) IPO at a price band of Rs 95 to 100 per unit. The IPO consists of a fresh issuance of units aggregating up to Rs 1,400 crore and an offer for sale […]
Reliance MET City, Haryana’s integrated smart city with the fastest rate of growth in North India, had a prosperous fiscal year in 2022–23. The city’s horizons were expanded this year with the addition of more than 450 companies, including numerous brands from seven different countries, and more than 2,000 residential lots that were sold for […]
The Reserve Bank of India (RBI) has become one of the top five gold buyers in the March quarter, according to bullion market experts. As central banks look to diversify their reserves amid economic uncertainties, the RBI has increased its gold reserves to just under 800 tonnes. The bank acquired about 10 tonnes of gold […]
