Edtech unicorn Unacademy is shifting its employee appraisal system this year by offering performance-based stock options to employees instead of cash appraisals. This move is part of the company’s cost-cutting…
Author: Admin
‘Depositor money at stake’: TMC’s Mahua Moitra urges IRDAI to keep a watch on LIC’s exposure to Adani Group
As Adani Group stocks continue to record a steep decline since a week, TMC MP Mahua Moitra on Thursday urged the insurance regulator IRDAI to keep a watch on the…
Dabur Q3 Results: Net profit dips 5% to Rs 476 crore due to weak rural demand, revenue rises 3%
FMCG major Dabur India reported a 5.4 per cent year-on-year (YoY) dip in its consolidated net profit to Rs 476 crore for the September-December quarter. This is against a net…
BYJU’s fires 15% employees in engineering teams; 1,000 job cuts in total
Edtech unicorn BYJU’s has undergone a fresh round of layoffs, letting go of over 1,000 employees, people aware of the matter told Business Today on Wednesday. An employee working in the…
Reliance Retail becomes first retailer to accept payments via Digital Rupee at stores
Reliance Retail has partnered with Innoviti Technologies, ICICI Bank and Kotak Mahindra Bank to enable acceptance of Reserve Bank of India-issued Digital Rupee at its stores. It is the first…
SBI gave Rs 21,000-cr loans to Adani Group firms: Report
Country’s largest public lender State Bank of India has given loans of as much as Rs 21,000 crore ($2.6 billion) to Adani Group firms, said a report on Thursday. This…
Adani-Hindenburg saga: Oppn demands probe either by parliamentary panel or SC-appointed committee
Opposition parties on Thursday sought a probe into the allegations raised against the Adani Group by US short-seller firm Hindenburg and the subsequent mayhem on company stocks. Congress president Mallikarjun…
HDFC Q3 net profit rises 13% to Rs 3,691 cr
Housing finance firm HDFC on Thursday reported 13% jump in net profit at Rs 3,691 crore for the quarter ending December 31, 2022 as against Rs 3,261 crore in the year-ago…
How Adani Enterprises FPO cancellation will impact its airport, road and green hydrogen plans
Adani Enterprises Ltd (AEL), the battered Adani Group’s incubator, had planned to deploy Rs 3,335 crore from its follow-on public offering (FPO) immediately in the last two months of current…
Adani FPO withdrawal: Trinamool leader Mahua Moitra lashes out at Gautam Adani, asks SEBI for probe report
Trinamool Congress MP Mahua Moitra lashed out at Gautam Adani, Founder and Chairman of Adani group, after he declared that his company will withdraw the Rs 20,000 crore follow-on public…