Housing Development Finance Corp Ltd’s board on Monday approved issuance of redeemable non-convertible debentures worth Rs 57,000 crore in various tranches. The board also approved increase in borrowing powers of…
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Campus hiring for IT and tech slows down 25% amid layoffs
The ongoing slump in the IT and tech sector has translated into significant layoffs across companies but now it seems like this slowdown has reached college campuses. Experts and industry…
Flipkart Chief People Officer says no to ‘mass layoffs’
At a time when job cuts have become rampant, e-commerce giant Flipkart has decided to say no to ‘mass layoffs’. Krishna Raghavan, the Chief People Officer of the company told…
Time for policy relook at financial sector resolution, says Uday Kotak
Veteran banker and Kotak Mahindra Bank CEO (CEO) Uday Kotak on Monday said it’s “time for policy relook at financial sector resolution” through the NCLT mechanism. Reliance Capital, Srei experience…
S&P keeps India’s economic growth forecast unchanged at 6% in FY24
S&P Global Ratings on Monday kept its forecast for India’s economic growth unchanged at 6 per cent in the fiscal year starting April 1, before rising to 6.9 per cent…
RBI likely to hike 25 basis point interest rate in monetary policy meet, say experts
With retail inflation remaining above the comfort level of 6 per cent and most global peers including the US Fed continuing their hawkish stance, the Reserve Bank of India too…
Reliance Capital resolution: Bidders upset over another auction plan
The plan of debt-ridden Reliance Capital’s lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency…
RBI allows Paytm Payments to continue online Payment Aggregator business as it awaits govt approval
Paytm Payments Services Limited (PPSL) has received an extension of time from the Reserve Bank of India (RBI) to resubmit its application for a Payment Aggregator (PA) license. The extension…
Adani-Hindenburg crisis: ‘Government hasn’t intervened in this matter,’ says Sanjeev Sanyal
The Indian government has not engaged itself in the Adani Group’s dispute with a US short seller Hindenburg Research, which has triggered a massive rout in the company’s shares, said…
Indian startups reportedly laid off over 23,000 employees amid pandemic and economic uncertainty
As the global economic recession continues to worsen, many Indian startups are feeling the impact, resulting in a significant increase in the number of layoffs. Recent reports indicate that at…