In Forbes’ Real-time Billionaires List, Gautam Adani has moved down two places. The industrialist from Ahmedabad, who rose to the second-richest position in the world, fell behind e-commerce tycoon Jeff Bezos and French luxury retail tycoon Bernard Arnault. With a wealth of $249.9 billion, Elon Musk, CEO of Tesla, continues to lead the list, followed […]
According to a statement from CEO Mark Zuckerberg to staff, in light of the hazy macroeconomic environment, Facebook-parent Meta Platforms will halt hiring and continue restructuring. As advertisers cut spending to get ready for an impending recession, some tech companies have been compelled to reduce headcount in recent months. “I had hoped the economy would
Meta Platforms halts hiring and issues a restructuring warning Read More »
For central government employees and retirees, the Centre has approved a 4% increase in the dearness allowance (DA). Anurag Thakur, the Union Minister, announced the findings of the Cabinet Committee on Economic Affairs by saying that central government employees and retirees will henceforth receive a dearness allowance of 38% of their basic pay or pension
Ahead of the holiday season, the Center approves a 4% DA hike for employees Read More »
Today, One97 Communications Limited-owned Paytm Payments Bank Limited and Mumbai Metro One Private Limited (MMOPL) announced their collaboration on the Paytm Transit Card, which would enable users to travel by metro, bus, and train as well as make purchases at offline and online retailers. Additionally, you can use this card to pay for parking and
On Monday, Tata Motors stated that it is prepared to handle the shift to electric products and that it intends to keep investing in its commercial vehicle sector in the range of Rs 2,000 crore year to ensure that it keeps releasing new vehicles. With the introduction of the Yodha 2.0, Intra V20 bi-fuel, and
Tata Motors is all set for transition towards electric products, says executive director Read More »
Nirmala Sitharaman, the minister of finance, stated on Saturday that the rupee has “held back extremely well” in comparison to other currencies against the US Dollar. After the native currency hit a record low against the dollar, the finance minister assured reporters that the Reserve Bank and the Finance Ministry were keeping a careful eye
After a recent viral Substack post revealed a filthy cloud kitchen in Bengaluru that was running 200+ distinct businesses from the same location, food tech giant Zomato is adopting a severe stance against them. Food brands prompted various concerns regarding food safety and hygiene requirements because their menus included little to no distinction. Zomato will
The valuation of hospitality unicorn OYO has been reduced by 20% by SoftBank, according to sources cited by Bloomberg. The news of the development coincides with rumours that the startup is getting ready to list on the stock market in January 2023. According to reports, the Masayoshi Son-led fund reduced OYO’s valuation from $3.4 billion
According to J.P. Morgan analysts, Apple Inc. may produce one out of every four iPhones in India by 2025 as it shifts some production away from China due to rising geopolitical tensions and stringent COVID-19 lockdowns in that nation. India, the second-largest smartphone market in the world after China, is predicted by the brokerage to
Apple may shift a quarter of iPhone production to India by 2025 Read More »
According to a recent assessment by ratings and analytics firm CRISIL, multiplexes are projected to treble their revenues this fiscal after the pandemic lows of the previous two years. According to the ratings company, multiplex operators in India might see revenues reach an all-time high of over Rs 6,000 crore in FY23, which is 13–15%
