Five executives at nykaa-shares-fall-macquarie-target-price-downside-risk-372361-2023-03-06?utm_source=topic&utm_medium=topic&utm_campaign=topic”>Nykaa have resigned, the latest departures at the beauty platform amid intensifying competition and a falling stock price, a few months after its CFO had quit. The…
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Accenture to fire 19,000 employees: Key takeaways for Indian IT firms
While Accenture’s second quarter results and its guidance for FY23 managed to beat Dalal Street expectations, what emerged as the sole sore point was its announcement of layoffs. The IT…
Accenture to cut 19,000 jobs! Will Indian IT see spillover effect?
IT major Accenture announced on Thursday that it would be slashing 19,000 jobs across its global operations. This comes in as the company lowered its growth and profit projections in…
Adani rout impact: LIC plans cap on investment exposure
Life Insurance Corporation (LIC) is reportedly planning to impose caps on its debt and equity exposure to companies, according to a report. This is being done to lower concentration of…
FM Nirmala Sitharaman tables Finance Bill 2023; proposes committee on pension system
Finance Minister Nirmala Sitharaman tabled the Finance Bill 2023 amid an uproar by the opposition parties. The minister also proposed setting up a committee under the Finance Secretary on pension…
Piramal Realty partners with Jio-bp to install EV charging stations at its residential properties
Piramal Realty, real estate arm of the Piramal Group, and Jio-bp, a joint venture between Reliance Industries and bp, partnered to set up EV charging stations across Piramal’s residential projects…
Jack Dorsey’s fortunes plummet by $526 million after Hindenburg’s report on Block Inc
Co-founder of Block Inc, Jack Dorsey’s fortunes plummeted a day after Hindenburg Research released a report on the payments company. Dorsey’s fortunes plunged by $526 million, and is now worth…
‘Exploring legal action against Hindenburg,’ says Jack Dorsey’s Block on short seller’s ‘misleading’ report
US payments firm Block Inc has trashed the charges levelled by Hindenburg Research and said it was exploring legal action against the short seller. The company said the short seller’s report…
Amrita Ahuja: All about the Indian-origin CFO of Hindenburg’s latest target Block
US short seller firm Hindenburg Research has dropped a bombshell report against Jack Dorsey-led payments firm Block Inc and the firm’s Indian-American CFO Amrita Ahuja has come under the scanner…
What is Block, Cash App and what are Hindenburg’s accusations against Jack Dorsey?
US-based short seller Hindenburg Research on Thursday came out with a critical report on America’s mobile payment company Block, which is headed by Twitter co-founder Jack Dorsey. The report said…