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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 […]
The Centre has no objections to a proposal to form a panel of domain experts to look into strengthening the regulatory mechanisms for the stock market, the Supreme Court was told on Monday while hearing petitions related to the Adani stock rout following the Hindenburg report. The central government told a bench headed by Chief […]
Shares of Adani group companies settled lower on Monday, with flagship company Adani Enterprises witnessing a 7 per cent downfall after credit rating firm Moody’s revised the rating outlook on four companies of the conglomerate to ‘negative’ from ‘stable’. Amid volatile trading in the market, shares of the group companies closed in the red. “Adani […]
As Shark Tank Season 2 continues to fascinate viewers across the country, the audience has become far more familiar with financial terminology and business jargon! However, there is more to be gained from this popular television show than just entertainment. The behaviour of the Sharks provides a deeper understanding of business and entrepreneurship. Here are […]
In morning trade on Monday, shares of the Adani group of companies fell, with the flagship company Adani Enterprises plummeting more than 4% after credit rating agency Moody’s changed the rating outlook for four of the conglomerate’s subsidiaries from “stable” to “negative.” Adani Enterprises’ stock on the Bombay Stock Exchange (BSE) fell in early trade […]
In its fight against short-seller Hindenburg Research, Gautam Adani has hired Wachtell, one of the most expensive law firms in the United States. Wachtell. Adani Group hired the services of senior lawyers Wachtell, Lipton, Rosen and Katz as it looks to stem the crisis that emerged from Hindenburg’s damning report that alleged that the conglomerate […]
Gautam Adani faced a margin call of more than $500mn on a $1.1bn share-backed loan, prompting the Indian tycoon to repay the whole debt, according to four people with direct knowledge of the matter. Rather than post cash against the loan, which did not mature until September 2024, the Adani Group’s founder and his family […]
As the October-December 2022 quarter results for the digital company Zomato approach, expectations are high to see if the meal delivery platform will follow in the footsteps of competitors like Paytm who achieved operating profitability in Q3. According to various brokerages, Zomato is predicted to experience a 68% increase in operational revenue YoY. However, losses […]
If you have a business idea, you should consider registering it with the Shark Tank India Audition 2023. The best part about registering is that it allows you to seek financial and legal assistance from India’s Big Investors. Shark Tank Season 2 of India premiered on Sony Entertainment Television on January 2. The startup reality […]
