Cybersecurity leader Cisco is expanding its data centre footprint in India. As Indian organisations accelerate their journey to the cloud, Cisco is investing in dedicated cloud infrastructure to bring security…
Category: Companies
Hospitality industry set to grow; key metrics to continue rising in FY24: Report
The hospitality industry, which suffered a significant setback due to the pandemic in the past two years, has experienced a reversal of fortunes in the fiscal year 2023 and is…
‘Hope to obtain financial closure in next 6 months’: Adani Group on suspending work on Rs 34,900-cr Mundra project
Adani Group on Monday said it is hopeful of obtaining financial closure for Rs 34,900-crore petrochemical project at Mundra in Gujarat in the next six months. The conglomerate was responding…
TCS, Infosys Wipro: How Credit Suisse, SVB collapse can impact Indian IT sector
India’s top IT companies, which draw up to 40 per cent of their revenues from the Banking, Financial Services, and Insurance (BFSI) companies, face strong headwinds due to the emerging…
Tata won’t buy Bisleri; founder’s daughter Jayanti Chauhan to lead mineral water company
Jayanti Chauhan, the daughter of Bisleri International chairman Ramesh Chauhan, will steer the bottled water company now that Tata Consumer Products Ltd (TCPL) has withdrawn from the acquisition process, according…
Disney likely to layoff 4,000 employees in April, directs managers to pick candidates: Report
Entertainment giant Disney is planning massive layoffs and it has asked managers to make a list of employees who will be laid off in the coming weeks, Business Insider reported.…
Fugitive Nirav Modi’s company has only Rs 236 in bank account: Report
Nirav Modi, a once-prominent billionaire diamond merchant, is currently facing his worst financial phase yet. Modi’s downfall began in 2019 after he was arrested by London police for his alleged…
Hindenburg-hit Adani Group suspends work on Rs 34,900 cr petchem project in Gujarat
Hit by Hindenburg Research’s stinging report, Adani Group has reportedly suspended work on a Rs 34,900 crore petrochemical project in Gujarat’s Mundra. In 2021, Gautam Adani-led group’s flagship firm Adani…
India Today Conclave: Indian Hotels’ Puneet Chhatwal speaks on surviving lows during Covid lockdowns
Puneet Chhatwal, Indian Hotels MD and CEO, said the Covid period for them was about being compassionate and empathetic to thousands of frontline and migrant workers in the country. Speaking…
Wipro lays off 120 employees in US, cites ‘realignment of business needs’
Several IT firms have done mass layoffs and cost cuts in anticipation of an economic downturn. Now IT major Wipro is slashing at least 120 employees, citing “realignment of business…