Co-founder of Block Inc, Jack Dorsey’s fortunes plummeted a day after Hindenburg Research released a report on the payments company. Dorsey’s fortunes plunged by $526 million, and is now worth…
Category: Companies
‘Exploring legal action against Hindenburg,’ says Jack Dorsey’s Block on short seller’s ‘misleading’ report
US payments firm Block Inc has trashed the charges levelled by Hindenburg Research and said it was exploring legal action against the short seller. The company said the short seller’s report…
Amrita Ahuja: All about the Indian-origin CFO of Hindenburg’s latest target Block
US short seller firm Hindenburg Research has dropped a bombshell report against Jack Dorsey-led payments firm Block Inc and the firm’s Indian-American CFO Amrita Ahuja has come under the scanner…
What is Block, Cash App and what are Hindenburg’s accusations against Jack Dorsey?
US-based short seller Hindenburg Research on Thursday came out with a critical report on America’s mobile payment company Block, which is headed by Twitter co-founder Jack Dorsey. The report said…
Hybrid culture boosts productivity, nearly 8 in 10 heading back to office by choice: LinkedIn
There has been a shift in workers’ attitude towards going to the office; while they used to feel obliged to physically be in the office, 78 per cent of Indian…
IT major Accenture to lay off 19,000 employees
IT giant Accenture announced on Thursday that it would cut about 19,000 jobs, which represents 2.5 per cent of its workforce. The company announced that more than half of the layoffs would…
Toshiba to be bought by Japan Industrial Partners-led group for $15 billion
Tokyo-based conglomerate Toshiba is set to be bought by a group led by private equity firm Japan Industrial Partners. The Toshiba board accepted the $15 billion buyout offer from the…
Tata Group may inject $2 bn into Tata Digital to boost super-app’s valuation: Report
With an aim to boost its digital business, Tata Group is considering $2-billion cash infusion in Tata Digital, said a report on Thursday. Tata Digital Pvt. will receive the additional…
Hikal promoters file a suit in Bombay HC against Kalyani Group, Baba Kalyani firms
Jaidev Hiremath, and Sugandha Hiremath, the promoters of specialty chemical firm Hikal Ltd, filed a suit in Bombay High Court against the BNK Group seeking “performance of obligations cast on…
Mukesh Ambani’s Reliance takes FMCG war to HUL’s doorsteps
Reliance Consumer Products (RCPL), Mukesh Ambani’s fast moving consumer goods (FMCG) arm has forayed into the beauty, personal care (BPC) and home care space with a nation-wide ambition. The move…