Adani Group chairman Gautam Adani and his brother Rajesh Adani reduced their stake in Adani Enterprises Ltd, the conglomerate’s flagship firm, by 3.39% to 69.23%. They also reduced their stake…
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Uzbekistan cough syrup deaths: 3 officials of Noida-based pharma firm arrested, say police
As part of probe into Uzbekistan cough syrup deaths, three officials of Marion Biotech, a Noida-based pharma firm, have been arrested, said police on Friday. In January, the production licence…
Relief for Yes Bank! SC puts on hold Bombay HC ruling on AT-1 bond write-off
In a relief for Yes Bank, Supreme Court on Friday has put on hold Bombay High Court’s ruling on writing down AT-1 bonds. In January, Bombay High Court quashed a…
Citigroup plans to lay off less than 1% of its workforce amid fears of recession
The year 2022 was a benchmark for layoffs, but 2023 is far worse as companies across industries are eliminating positions, resulting in mass layoffs. Citigroup is the latest to join…
Adani Group to hold fixed-income road shows in London, Dubai, ‘several’ US cities: Report
Adani Group will hold fixed-income road shows this month in London, Dubai, and several cities in the United States, according to a document seen by Reuters, as the conglomerate tries…
Reliance will invest in 10GW solar energy in Andhra Pradesh, says Mukesh Ambani at Global Investors Summit
Reliance will invest in 10 gigawatts of renewable solar energy in Andhra Pradesh, RIL chairman, and MD Mukesh Ambani announced on Friday. Speaking at Global Investors Summit in Visakhapatnam, Ambani…
60% of employers expect hiring increase due to govt’s PLI scheme, finds study
A report released by the staffing company TeamLease on the impact of Production-Linked Incentives (PLI) on job creation has found that 60 per cent of employers anticipate an increase in…
Adani Group to set up two new cement plants, data centre in Andhra Pradesh, says Karan Adani
Adani Group will set up two new cement manufacturing plants, 15,000 MW of renewable power projects and a data centre in Andhra Pradesh, Karan Adani, the elder son of group…
‘Top execs took pay cuts’: NR Narayana Murthy on how Infosys handled freshers’ onboarding during 2001 dot-com bust
Amid massive delays in the onboarding of freshers at several tech firms, Infosys founder NR Narayana Murthy has shared how he handled a similar situation during the 2001 dot-com bust.…
French multinational lensmaker EssilorLuxottica plans to expand footprint in India
EssilorLuxottica, a French multinational company that designs, manufactures, and distributes ophthalmic lenses, frames, and sunglasses, is considering expanding its presence in India due to the country’s market potential. The company…