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The first Big Tech company to announce a second round of massive layoffs, Facebook-parent Meta Platforms announced on Tuesday that it would eliminate 10,000 jobs, just four months after it let go 11,000 employees. “We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we […]
Due to a significant sell-off in banking, finance, and auto stocks amid one of the largest US bank failures, the equity benchmark Sensex plummeted about 900 points to close below the 59,000 level on Monday, dropping for the third straight session. A weak home currency and unrelenting capital flight outside amid concerns about rate hikes […]
Sebi, the market regulator, is investigating into market charges against Adani Group, whose nine publicly traded firms experienced a market capitalization decrease of 60% between January 24 and March 1, according to information provided to Parliament on Monday. Pankaj Chaudhary, a Minister of State for Finance, stated in the Lok Sabha that the stock volatility […]
A media publication reported on Friday, citing people familiar with the situation, that Facebook-parent Meta Platforms is preparing additional layoffs to be revealed in several phases over the coming months, which might match the 13 per cent employment loss total from last year. Meta was the first Big Tech company to announce a second round […]
On International Women’s Day this year, Nita M Ambani, Founder-Chairperson of Reliance Foundation, launched “The Her Circle EveryBODY Project” to celebrate body positivity and encourage acceptance of all, irrespective of size, age, colour, religion, neurodiversity, or physicality. The movement aims to create a circle of kindness and non-judgemental acceptance. Her Circle was founded and launched […]
Shares of Gautam Adani’s flagship entity, Adani Enterprises, have rallied 43.28 17 per cent in the last five days amid positive news flows about the company. In three trading sessions, the combined market valuation of the ten listed companies have jumped more than ₹1.42 lakh crore. Adani Enterprises jumped nearly 17 per cent to settle […]
Supreme Court bench led by Chief Justice of India D.Y. Chandrachud has directed SEBI to probe alleged violations of the securities act. It may be recalled that the court had earlier reserved its order on February 17 while hearing public interest litigations (PILs) seeking a probe relating to Hindenburg report on the Adani Group. The […]
Elon Musk, CEO of Tesla and Twitter, once again rose to the top of the Billionaires Index on February 28, after seeing his worth increase by over $50 billion so far in 2023. He overtook French tycoon Bernard Arnault, who is currently ranked second on the list with $185 billion in total worth. On Tuesday, […]
Since Elon Musk took over the microblogging site in October, Twitter Inc. has slashed at least 200 jobs, or approximately 10% of its workforce, said media reports. According to the report, which cited people familiar with the situation, the layoffs on Saturday night affected product managers, data scientists, and engineers who worked on machine learning […]
As early as next month, once the performance bonuses are paid out, Meta (previously Facebook) is expected to announce another significant round of layoffs, similar to the one it announced in November of last year. The leadership of Meta, according to the weekly newsletter, “has been quiet both internally and externally about what is coming.” […]
She has defied all odds through her innovative entrepreneurial strategies, and leads the women-led entrepreneurial space today. The world of entrepreneurship has seen women becoming a powerful force and now, with the rise of the digital age. There is an abundance of opportunities for female entrepreneurs to take advantage of. Women have found success in […]
Zomato, an online platform for food delivery, announced on Wednesday that it would provide fresh, inexpensive meals made by actual home chefs. Only a few sections of Gurugram presently offer Zomato Daily, which offers fresh meals for as cheap as Rs 89. Zomato had stated in its Q3 FY23 results that it was striving to […]
Wipro’s move to cut salary offers to freshers awaiting onboarding by almost 50 per cent under one programme has been termed “unjust” and “unacceptable” by employees’ union NITES, which demanded that the IT company should reconsider its decision. NITES (Nascent Information Technology Employees Senate) said it strongly condemns Wipro’s “unethical” move to reduce the salaries […]
Union Finance Minister Nirmala Sitharaman on 18 Saturday said that the entire pending Good and Service Tax compensation will be cleared. GST Council reduced the GST on liquid jaggery, pencil sharpeners, and certain tracking devices, Union Finance Minister Nirmala Sitharaman said. “We have announced today that the entire due on the pending balance of the […]
The e-commerce behemoth announced on Friday that starting on May 1, Amazon.com Inc. would mandate that employees work at least three days each week in the office. Due to the COVID-19 pandemic, employers began sending workers home to work remotely. Although lockdowns have become less common worldwide, many workers continue to work remotely or in […]
Only paid subscribers will be able to use text messages as a two-factor authentication (2FA) technique to secure their accounts, Twitter announced on Friday. After March 20, “only Twitter Blue subscribers will be able to use text messages as their two-factor authentication method,” the company tweeted. Two-factor authentication, designed to increase account security, necessitates the […]
Online food delivery company Zomato announced on Thursday that it is constructing what it calls “Rest Points,” a type of public infrastructure, to support the gig economy as a whole and the delivery partners of different businesses. Deepinder Goyal, the company’s founder and CEO, stated in a blog post that it already operates two “Rest […]
Following concerns raised about governance at the organisation led by billionaire Gautam Adani by a US short-seller, S&P Global Ratings on Thursday placed its ESG evaluation of Adani Transmission Ltd (ATL) “under review.” When keeping track of environment, social, and governance (ESG) evaluations, S&P designates certain ESG evaluations as being possibly impacted by changing events […]
Adani group has appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators. The audit is initially to show to regulators like the Reserve Bank of India (RBI) […]
The rupee fell 15 paise to close at 82.73 (provisional) against the US dollar on Monday, weighed down by dollar gains in overseas markets and a flat trend in domestic equities. Firm crude oil prices further dented investor sentiments, forex traders said. At the interbank foreign exchange market, the rupee opened at 82.68 against the […]
