Tata Consultancy Services (TCS) is all set for widespread restructuring of its top leadership, which includes the positions of chief technology officer (CTO) as well as chief operating officer (COO),…
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Gautam Adani’s AMG Media Networks acquires 49% in Quintillion Business Media
Billionaire Gautam Adani-helmed AMG Media Networks has completed the acquisition of around 49 per cent stake in Quintillion Business Media, a digital business news platform led by Raghav Bahl. The…
Govt gave Rs 8,800 crore to SBI in FY18 without the lender asking for it: CAG report
A Comptroller and Auditor General of India (CAG) report, presented in the Parliament on Monday, stated that the Department of Financial Services (DFS) gave Rs 8,800 crore to State Bank…
Paytm Wallet now universally acceptable on all UPI QRs, online merchants
As National Payments Corporation of India (NPCI) announced Wallet interoperability guidelines, One97 Communications Limited-owned Paytm Payments Bank Limited on Monday said that from now on its KYC wallet customers can…
EXCLUSIVE: Dunzo, Loadshare in talks with ONDC to launch bike taxi services
Quick commerce firm Dunzo and logistics start-up Loadshare are in talks with the Open Network for Digital Commerce (ONDC), a government-backed initiative, to expand their respective two-wheeler fleets to offer…
EPFO continues to invest in Adani Enterprises, Adani Ports despite market rout; may continue till Sept
The Employees’ Provident Fund Organisation (EPFO) has continued to invest in two Adani stocks despite the rout following the entire Hindenburg saga. EPFO continues to invest in Adani Ports and…
HDFC to issue NCDs worth Rs 57,000 crore ahead of merger with HDFC Bank
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…
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…