Facebook’s parent company, Meta, has started laying off some eight thousand employees as part of a previously announced restructuring as the social media giant continues to accelerate its push toward…
Category: Companies
Navi Mumbai airport can hike passenger fees by 6% from next April, regulator says
Adani-operated Navi Mumbai International Airport (NMIAL) has received a green light from the country’s civil aviation ministry’s tariff regulatory body to increase domestic user development fees (UDFs) by 6% from…
Jubilant FoodWorks sees near-term margin hit as costs rise
Jubilant FoodWorks Ltd, the operator of Domino’s Pizza in India, flagged near-term margin pressure as rising energy, labour and commodity costs weighed on the business, even as the company said…
Ola Electric misses FY26 revenue guidance, cuts losses in reset year
New Delhi: missed its full-year revenue guidance for FY26 after sales nearly halved amid operational challenges and mounting competition in India’s electric two-wheeler market, with the company’s annual revenue falling…
AI layoffs: Artificial Intelligence will destroy certain jobs says HSBC CEO, urges staff to ‘not resist the change’
Amid the growing concerns about job cuts around the world, by some of the biggest companies, due to Artificial Intelligence (AI), Georges Elhedery, the CEO of HSBC, has appealed to…
HR has no value in startups: Bolt CEO Ryan Breslow explains why, ‘When I let them go…’
Ryan Breslow co-founded Bolt in 2014 from his Stanford dorm room. The fintech company soared to an $11 billion valuation in 2022. It employed thousands of workers at the height…
Amagi records ₹34 crore PAT in Q4FY26, turns profitable
Bengaluru-based cloud-based SaaS technology company Amagi reported a growth in Profit After Tax (PAT) for the financial year of 2026 at ₹72 crore from a loss of ₹69 crore in…
LMW reports 33% increase in consolidated net profit in Q4’26
, the Coimbatore-based manufacturer of textile machinery, reported a 33 per cent increase in consolidated net profit to ₹64 crore when compared with ₹48 crore for the same quarter last…
MANN+HUMMEL bets on India growth, expands R&D footprint with Tumakuru centre
Global filtration company MANN+HUMMEL expects double-digit growth in India across sectors and plans to expand its workforce over the next three to four years, as it deepens investments in local…
Samvardhana Motherson Q4 FY net profit grow by 46% y-o-y to ₹1,561.56 crore
Major auto components maker, on Wednesday reported a 46 per cent jump year-on-year (y-o-y) in its consolidated net profit to ₹1,561.56 crore for the fourth quarter ended March 31 (Q4…