Advertisements Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and slowing economy in the country, the media reported on Saturday. According to South China Morning Post, more than… Read More ›
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Reliance Builds Technology & Innovation Portfolio For Green Energy Foray Through Partnerships, Acquisitions, R&D
Advertisements In his letter to shareholders, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said “we entered into a series of partnerships, including equity investments, with local and international corporates with unique technological and execution capabilities, with a strong track… Read More ›
Rupee Gains 26 Paise In Afternoon Trade To 79.20 Against US Dollar
Advertisements The Indian rupee appreciated 26 paise during the afternoon trade at 79.20 against the US dollar by 12.37 p.m. on Friday, as against 79.46 close on the previous trading session. In the morning trade, the rupee had appreciated more… Read More ›
Edtech Firm Vedantu, LEAD School Lay Off 100 Employees
Advertisements Layoffs at edtech platforms continue in India and now, one of the industry leaders Vedantu has asked 100 more employees to go and LEAD (formerly LEAD School) has also laid off a similar number of staff in the ongoing… Read More ›
Paytm Q1 Net Loss Widens To INR 644 Cr; Revenue Up 89 Percent To INR 1,680 Cr
Advertisements Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday said its consolidated loss widened to Rs 644.4 crore in the first quarter ended June 30. The company had recorded a net loss of Rs… Read More ›
Indian Rupee Falls 30 Paise To Close At 79.46 Against US Dollar
Advertisements The rupee has depreciated 30 paise against the US dollar on Thursday as sentiments of investors dampened due to weak macroeconomic data and tensions between US-China. At the interbank foreign exchange market, the rupee opened at 79.21 and then… Read More ›
Stock Trading App Robinhood Fires 713 Employees, CEO Says ‘It’s On Me’
Advertisements Silicon Valley-based online trading app Robinhood has sacked 23 per cent of its workforce, just three months after the fintech platform reduced its headcount by 9 per cent amid the global economic turmoil. A 23 per cent reduction would… Read More ›
Walmart Lays Off 200 Corporate Employees Amid Rising Inflation
Advertisements Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes its toll on companies worldwide. Walmart described the layoffs as a way to “better position the company for a strong future,” reports The… Read More ›
Average Inflation Rate Highest In 2022, At 6.82 Percent, Since 2014
Advertisements Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all India average inflation rate is highest at 6.82 per cent in current year 2022. As… Read More ›
Adani Transmission’s Revenue Of INR 3,049 Cr Increased 22 Percent YoY
Advertisements Adani Transmission Ltd (ATL), the largest private transmission company in India and part of the globally diversified Adani portfolio, on Wednesday announced its financial and operational performance for the quarter ended June 30, 2022. Consolidated revenue in Q1FY23 witnessed… Read More ›