US investment bank Goldman Sachs reportedly asked targeted employees to attend “phony” business meetings where they were told they’d been laid off. Bankers were emailed calendar invites for a meeting…
Category: Companies
Layoffs continue! Now, Google-backed Dunzo fires 3% of its workforce
Google-backed delivery platform Dunzo has announced the layoff of 3 per cent of its workforce, citing restructuring. With this move, the company joins the club of Indian startups that have…
Tata’s Air India to order around 500 planes
Air India is set to order around 500 planes as an airline industry recovery takes hold following the pandemic, one of the world’s leading aircraft lessors said on Monday. “As a…
Commodity-based inflation pretty much gone, says Nadir Godrej; Axis Bank CEO Amitabh Chaudhry cautious
Leading industrialist Nadir Godrej is reasonably sure that India’s retail inflation is under control and that the Reserve Bank of India (RBI) is not likely to raise interest rates by…
Lighthouse Canton marks first close of India-focused debt fund at Rs 155 cr
Singapore-based investment and wealth management firm Lighthouse Canton, which launched in India in 2020, has announced the first close of its maiden venture debt fund at Rs 155.4 crore. A…
What Mamaearth IPO papers tell investors about ITC, HUL, Marico & other traditional FMCG players
New-age personal and wellness brands such as Mamaearth (Honasa Consumer), WowSkin Science, Plum, Sugar and Good Glamm gained high traction during the pandemic due to their digital-first approach, but traditional…
Paytm Payments Bank gets final RBI nod to operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill…
Here is why Infosys, TCS, and HCL Tech reduced hiring in Q3 FY23
Leading Indian IT services companies, TCS, Infosys, and HCL Tech, have reduced hiring significantly in the December-ended quarter of FY 2022-23 as compared to the previous quarters. This is being…
National Start-up Day: InnoVen Capital says high valuation of late-stage companies a concern; exit activity to be muted
InnoVen Capital, one of India’s earliest venture debt providers, with investments in the likes of BYJU’S, Swiggy, Myntra, Blinkit, OYO, PharmEasy, boAt, and several other unicorns, expects the tough funding…
Maruti Suzuki increases prices by 1.1% across models from today
Maruti Suzuki on Monday announced 1.1 per cent increase in prices of all its vehicles from today. “An estimated weighted average of increase across models stands at around 1.1 per…