Amazon has denied several media reports of a planned firing of 14,000 employees in May. On Wednesday, a report went viral claiming that after laying off 16,000 employees in January,…
Category: Companies
PPFAS Asset Management gets PFRDA approval to launch pension fund under NPS
MUMBAI: PPFAS Asset Management Pvt. Ltd received approval from the Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday to become a sponsor for a pension fund under the National…
Hilton ties up with Royal Orchid Hotels to add 125 hotels
Hilton has signed a strategic licensing agreement with Royal Orchid Hotels to add 125 properties under Hampton by Hilton brand by 2035. This is third such agreement by Hilton in…
Bosch’s ₹9,068 crore deal to reshape sourcing for Tata, Mahindra, Bajaj
Bosch Ltd’s ₹9,068 crore acquisition of its chassis systems arm is set to reshape how automakers such as Tata Motors, Mahindra & Mahindra, and Bajaj Auto source critical vehicle systems,…
Steel companies plan to raise HR coil prices by ₹3,500 per tonne
Steel companies plan to increase hot-rolled (HR) coil prices by ₹3,500 a tonne to about ₹64,500 per tonne this month to pass on the incremental cost of raw material and…
Non-Urban region led value growth for FMCG sector in FY 25: Bizom
Non-urban region continued to drive growth in FY26. As per data sourced from retail intelligence platform, Bizom, FMCG sector’s value growth was pegged at 6 per cent in FY26 led…
Bosch acquires Chassis systems for ₹9,069 crore to deepen safety, braking play
, the Indian arm of Bosch Group has acquired 100 per cent of Bosch Chassis Systems India Private Limited (BCSI) from Robert Bosch Investment Nederland B.V. and Robert Bosch LLC…
Drugmaker FDC goes to court on similar-sounding electrolyte drink eRZL from J&J/Kenvue
Drugmaker has initiated legal proceedings against Johnson & Johnson Pte Limited, citing phonetic similarity between the multinational’s eRZL product and its own energy drink brand “Enerzal”, an FDC executive said. Mayank…
NTPC signs MoU with France’s EDF on cooperation in nuclear power
State-run NTPC said on Wednesday that it has signed a Non-Binding Memorandum of Understanding (MoU) with Électricité de France (EDF) to explore cooperation in developing new nuclear power projects in…
Cars in ₹40 lakh category to grow by 2030: BMW India CEO
Luxury cars maker BMW Group India on Wednesday said that the country would see more cars in the price bracket of around ₹40 lakh by 2030 and the share of…