Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, Reuters reported on Friday. The company has announced plans to cut about 1,400…
Category: Companies
Reliance Retail unveils its first Gap store in Mumbai
HIGHLIGHTS American brand Gap unveiled its first freestanding store in India, via its partnership with Reliance Retail. The store, located at Infiniti Malad in Mumbai, opens at 7:00 pm on…
Air India to add over 5000 cabin crew and pilots in 2023
Tata Group-owned Air India announced on Friday that the company plans to hire over 5000 cabin crew trainees and pilots through 2023 in line with its rapid expansion plans. The…
Relief for Zee! NCLAT stays NCLT insolvency proceedings order over IndusInd appeal
In a relief for Zee Entertainment Enterprises, the National Company Law Appellate Tribunal (NCLAT) has stayed an order passed by the National Company Law Tribunal (NCLT) initiating the corporate insolvency…
Here is why chemical company BASF will fire 2600 employees
BASF said it would cut 2,600 jobs, mainly in Europe, and flagged a continued decline in group earnings, citing high costs in Europe, uncertainty due to the war in Ukraine…
Adani Total to start operations at Indian LNG terminal by mid-June
Adani Total Private Ltd will receive its first liquefied natural gas (LNG) cargo at the Dhamra terminal on India’s east coast in April and expects to start commercial operations 30…
Infosys founder Narayana Murthy has this to say about moonlighting, work from home
Infosys founder and chairman of Cataraman Ventues, NR Narayana Murthy warned youngsters against moonlighting and working from home while speaking at the Asia Economic Dialogue on Thursday in New Delhi.…
‘Higher salary, job security’: Zomato delivery staff need more than just a place to rest in between orders
Zomato co-founder Deepinder Goyal announced last week that the company will be building rest points to support delivery staff in between deliveries across the country and this project is being…
Narayana Murthy says India needs culture of honesty, no favouritism
India needs a culture of honesty, no favouritism, quicker decision making and hassle less transactions to prosper as a country, Infosys co-founder N R Narayana Murthy said on Thursday. Speaking…
US preparing antitrust suit to block Shantanu Narayen-led Adobe’s $20 bn bid to buy Figma
The US Justice Department is preparing an antitrust lawsuit to block software maker Adobe Inc’s $20 billion bid for cloud-based designer platform Figma, Bloomberg News reported on Thursday, citing people…