The government’s ₹20,000 crore credit guarantee support for the microfinance sector, announced on 21 March, comes at a crucial time for smaller non-banking finance company-microfinance institutions (NBFC-MFIs), which are grappling…
Category: Companies
‘Today is your last working day’: Read the full text of Oracle’s layoff letter sent to thousands of employees
Cloud computing firm Oracle is laying off thousands of employees to cut costs, CNBC reported. According to Business Insider, employees have started receiving notifications on Tuesday. The full extent of…
Dosa to pizza chains realize there are no easy ways out of LPG shortage
Mumbai/Bengaluru: Fast-food chains serving dosas and momos to pizzas across India have found out that switching away from cooking gas amid the ongoing supply squeeze is difficult. The piped gas…
Why Wow! Momo’s packaged foods are emerging as a second growth engine
Wow! Momo Foods Pvt. Ltd, the Tiger Global-backed quick-service restaurant chain, is turning packaged foods into a major revenue driver. The 800-outlet chain eyes ₹850 crore in revenue for FY26,…
US appeals court denies bid from families of Boeing 737 Max crash victims to reopen criminal case
A federal appeals court has denied a request from dozens of families who lost relatives in two fatal to reopen a criminal case against the aircraft manufacturer. Lawyers for the…
Elon Musk must face class action over late disclosure of Twitter stake, judge rules
By Jonathan Stempel NEW YORK, – A federal judge on Tuesday said former Twitter investors who accused Elon Musk of defrauding them by waiting too long to disclose his initial investment…
Tether Cuts Gold Traders Months After Hiring Them From HSBC
(Bloomberg) — Tether Holdings SA has cut two senior precious metals traders just months after hiring them from HSBC Holdings Plc to create what it called “the best trading floor…
‘Today is your last working day…’: Oracle cuts jobs globally, thousands laid off in latest cost cutting move
Oracle has begun laying off employees as part of a cost-cutting effort, with its employees receiving notifications about their termination early Tuesday, reported Business Insider. “After careful consideration of ‘s…
Mindspace REIT buys Chennai office from sponsor for ₹2,541 crore
Bengaluru: Mindspace Business Parks REIT has acquired a 2.6 million sq ft office campus in Chennai for ₹2,541 crore, as the Mumbai-based company steps up acquisitions to expand its portfolio.…
IndiGo taps ex‑British Airways CEO Walsh to steer airline through turbulence
India’s largest budget carrier, IndiGo, on Tuesday named William “Willie” Walsh, currently director general of the International Air Transport Association (Iata), as its chief executive, three weeks after Pieter Elbers…