Anil Agarwal-controlled Vedanta Ltd has asked the Reserve Bank of India to provide guarantees for a $1 billion loan that it intends to raise through one of Vedanta’s overseas subsidiaries,…
Category: Companies
Reliance Industries appoints Venkatachari Srikanth as new CFO, Alok Agarwal named Senior Advisor to Mukesh Ambani
Mukesh Ambani-controlled Reliance Industries Limited has appointed Venkatachari Srikanth as its new Chief Financial Officer (CFO) from 1 June, 2023. In a regulatory filing on Friday, Reliance Industry said the…
Vedanta cuts $91 million from govt’s profit in protest against windfall tax
Mining mogul Anil Agarwal led Vedanta Ltd has deducted approximately $91 million from the share of profit owed to the government from its oil and gas fields in protest against…
Five senior executives at Nykaa resign, firm says ‘mid-level exits a part of standard annual appraisal’
Five executives at Nykaa have resigned, the latest departures at the beauty platform amid intensifying competition and a falling stock price, a few months after its CFO had quit. The…
Cisco India boss’ advice to start-ups: Security should be ingrained into the way you build your product
Cyber security challenges are for real. It’s not just the large and medium enterprises and businesses who have been attacked but even the governments and individuals are struggling. The governments…
Indian drone industry flies high with 3x growth in investments over 3-years
With investments totalling nearly $50 million, the current fiscal is all set to be the best year for India’s fledgling drone industry. In FY2022-23, drone start-ups attracted $49.7 million in…
Five senior executives at Nykaa resign in latest departures
Five executives at nykaa-shares-fall-macquarie-target-price-downside-risk-372361-2023-03-06?utm_source=topic&utm_medium=topic&utm_campaign=topic”>Nykaa have resigned, the latest departures at the beauty platform amid intensifying competition and a falling stock price, a few months after its CFO had quit. The…
Accenture to fire 19,000 employees: Key takeaways for Indian IT firms
While Accenture’s second quarter results and its guidance for FY23 managed to beat Dalal Street expectations, what emerged as the sole sore point was its announcement of layoffs. The IT…
Accenture to cut 19,000 jobs! Will Indian IT see spillover effect?
IT major Accenture announced on Thursday that it would be slashing 19,000 jobs across its global operations. This comes in as the company lowered its growth and profit projections in…
Piramal Realty partners with Jio-bp to install EV charging stations at its residential properties
Piramal Realty, real estate arm of the Piramal Group, and Jio-bp, a joint venture between Reliance Industries and bp, partnered to set up EV charging stations across Piramal’s residential projects…