Paytm Payments Bank Limited (PPBL) on Sunday announced the appointment of veteran banker Surinder Chawla as its new managing director (MD) and chief executive officer (CEO). The appointment has been…
Category: Companies
‘Mukesh Bhai is a very good friend of mine, I respect him a lot:’ Gautam Adani praises RIL chairman
Adani Group chairman and founder Gautam Adani on Saturday praised Reliance Industries chairman Mukesh Ambani saying he has contributed a lot to the progress of the country and that he…
Cisco fires nearly 700 employees from various departments in US
IT and networking multinational company Cisco has fired close to 700 employees in the Bay Area, which also includes 80 people in its San Francisco offices, SFGATE reported. This comes…
Titan Q3 business update: Healthy consumer demand pushes combined sales by 12% in Q3
Tata group-owned Titan Company Limited or Titan has reported a 12 per cent year-on-year (YoY) rise in its total sales after a vibrant festive season across all its business categories…
McDonald’s plans to layoff employees in April 2023, confirms CEO Chris Kempczinski
McDonald’s is planning job cuts in a major reorganisation as the company is trying to refocus on its strategies to accelerate restaurant expansion, CEO Chris Kempczinski said. These layoffs are…
Adani eyes stake in state-owned power trader PTC India: Report
A stake for sale in state-backed electricity trader PTC India Ltd is attracting initial interest from potential suitors including Asia’s richest man Gautam Adani, Bloomberg News reported, citing people familiar…
Samsung’s quarterly profit plunges to 8-year low on demand slump
Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for…
Indian PE firm ChrysCapital expands tech portfolio with California-based Xoriant acquisition
India’s leading private equity firm ChrysCapital has acquired California-based Xoriant, a premier Software Engineering and Digital IT services provider with Fortune 100 customers worldwide, for an undisclosed amount. Having a…
Amazon India to lay off 1% of its workforce, 1,000 employees to be impacted: Report
A report said on Friday that Amazon India will lay off 1% of its workforce in the country as part of the global layoffs announced by the Seattle-headquartered e-commerce giant. …
Mamaearth vs HUL vs Nykaa: How Twitterati think the valuations stack up
Ever since Mamaearth’s parent company, Honasa Consumer Ltd, filed IPO papers with Sebi, its valuation has been fodder for ridicule on social media platforms. Many Twitter users wondered what the…