Bed Bath & Beyond Inc has been in talks with prospective buyers and lenders as the struggling retailer tries to keep its business afloat ahead of a likely bankruptcy filing,…
Category: Companies
Amazon begins its largest-ever layoffs, 18,000 employees to be hit
Amazon Inc is set to begin its largest-ever layoffs in history with plans to let go 18,000 employees. The e-commerce giant will cut some jobs in the US, Canada, and…
Davos 2023: ‘Past one year was our best one ever,’ says BYJU’s co-founder Divya Gokulnath
Even as the edtech major BYJU’S found itself spiralling from one controversy to another in the recent past, co-founder Divya Gokulnath said the past one year was its best ever…
‘Difficult, but necessary’: Microsoft CEO Satya Nadella on sacking 10,000 employees
After Google, Amazon, and Twitter, tech giant Microsoft on Wednesday announced that it would fire 10,000 employees this year. In a letter to employees, Microsoft CEO Satya Nadella said the decision…
Govt proposes slew of changes to insolvency law
The government on Wednesday proposed a slew of changes to the insolvency law, including fast-tracking the process and expanding the scope of pre-packaged framework. The Insolvency and Bankruptcy Code (IBC),…
Genetic diagnostic firm MedGenome says it’s evaluating inorganic growth, to target emerging markets
MedGenome, a domestic genetic diagnostic company, is considering inorganic growth to boost its business in emerging markets. The company currently has a comprehensive genetic diagnostic portfolio of more than 1,300…
HUL to ITC, why FMCG biggies are seeking wealth in health
Salt-to-cigarettes conglomerate ITC Ltd. is picking up a significant stake in the homegrown start-up Sproutlife Foods Pvt. Ltd. (SFPL) that owns popular health food brand Yoga Bar. The Kolkata-headquartered major…
Adani Enterprises’ Rs 20,000-cr FPO from Jan 27-31
Adani Enterprises, Adani Group’s flagship firm, on Wednesday has sought Rs 20,000 crore through follow-on public offer before the Union Budget on February 1, as per the prospectus issued on…
Blue Tokai raises $30 million in Series B funding led by A91 Partners
Specialty coffee start-up Blue Tokai has raised $30 million in Series B funding led by A91 Partners. The list of participants in the round included White Whale Ventures, and existing…
Infosys Foundation announces awards for social entrepreneurs; to commit up to Rs 50 lakh per winner
Infosys Foundation, the CSR arm of IT major Infosys, on Wednesday announced the launch of the third edition of its Aarohan Social Innovation Awards. With this, Infosys Foundation is inviting…