Layoffs are not desirable, but they cannot be avoided in a high-growth industry like IT, Infosys co-founder and Axilor Ventures chairman Kris Gopalakrishnan said in Mumbai on Thursday amid tech…
Category: Companies
LIC Q3 results: Net profit surges multi-fold to Rs 6,334 cr
State-owned Life Insurance Corporation on Thursday reported multi-fold surge in net profit at Rs 6,334 crore for the quarter ended December 31, 2022 as against Rs 235 crore in the…
Zomato Q3 results: Net loss widens to Rs 347 cr, revenue rises 75%
Food delivery platform Zomato on Thursday reported its net loss widened to Rs 347 crore for the quarter ended December 31, 2022 as against Rs 67 crore in the year-ago…
Tax authorities inspected Adani Wilmar premises to check any tax evasion: Himachal official
A Himachal state official said on Thursday that tax authorities inspected Adani Wilmar premises on Wednesday and that they will check if there is any tax evasion at the Adani…
Sula Vineyards Q3 results: Net profit rises 15% to Rs 39 cr
Wine maker Sula Vineyards on Thursday reported 15% increase in net profit at Rs 39 crore for the quarter ending December 31, 2022 as against Rs 34 crore in the…
India will need 30 million digitally skilled professionals by 2026: Report
India will need 30 million digitally skilled professionals by 2026, and 50 per cent of the current workforce will need to re-skill themselves in emerging technologies, according to a report…
Bullet train is dream project and country needs it, says Bombay High Court
Bombay High Court dismissed the petition filed by Godrej & Boyce challenging the government’s decision to acquire their land for the Mumbai-Ahmedabad high-speed rail project. The court said, “It was…
Norway’s $1.35-trn wealth fund says it has no exposure left in Adani Group companies
Norway’s $1.35-trillion sovereign wealth fund said on Thursday it has in recent weeks divested virtually all its remaining shares in companies belonging to the embattled Adani Group. “We have no…
Jio effect: Hotstar sheds 3.8 mn subscribers in Dec quarter after losing IPL rights
Disney+ Hotstar, which had 61.3 million subscribers at the end of October 2022, shed a few million of them in the last two months of the year. Overall, in the…
IRCTC Q3 net profit rises 22% to Rs 256 cr, firm declares interim dividend of Rs 3.5 per share
IRCTC, the tourism and ticketing arm of Indian Railways, on Thursday reported 22% jump in net profit at Rs 256 crore for the quarter ending December 31, 2022 as against…