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Philips lays off 6,000 more as power-saving device recall losses worsen-thumnail

Philips lays off 6,000 more as power-saving device recall losses worsen

Philips CEO Roy Jacobs announced difficult but necessary 6,000 job cuts by 2025. A total of 40,000 employees have been laid off from Amazon, Microsoft, and Google in the past

Business

Jan 30, 2023

Tata Power partners with Contour for a digital trade finance platform-thumnail

Tata Power partners with Contour for a digital trade finance platform

On Monday, Tata Power announced a partnership with Contour, a prominent digital trade finance network based in Singapore, with the aim of enhancing the strength, clarity, and efficiency of its

Business

Jan 30, 2023

China’s smartphone sales saw a significant drop of 13% in 2022-thumnail

China’s smartphone sales saw a significant drop of 13% in 2022

China’s smartphone sales saw a significant drop of 13% Year-on-Year in 2022, marking the largest drop in the sector over the past decade China’s smartphone sales saw a significant drop

Business

Jan 30, 2023

Despite experiencing a 3% year-over-year loss in 2022, Apple has risen to become the second-largest smartphone company in China-thumnail

Despite experiencing a 3% year-over-year loss in 2022, Apple has risen to become the second-largest smartphone company in China

According to a recent report, Apple has made a remarkable achievement by becoming the second largest smartphone player in China for the first time in a whole year, despite a

Business

Jan 30, 2023

Jugeshinder Singh, CFO of Adani Group, claims that Hindenburg merely copied and pasted our disclosures without conducting any additional study-thumnail

Jugeshinder Singh, CFO of Adani Group, claims that Hindenburg merely copied and pasted our disclosures without conducting any additional study

The CFO of the conglomerate claimed that the “bogus study based on lies and misrepresentation” could not discover any way to falsify the group’s enterprises. This was in response to

Business

Jan 30, 2023

Adani hits back at Hindenburg, saying it made all the revelations-thumnail

Adani hits back at Hindenburg, saying it made all the revelations

Jan 30 (Reuters) – India’s Adani Gathering gave a point-by-point riposte on Sunday to a Hindenburg Exploration report that started a $48 billion defeat in its stocks, saying it follows

Business

Jan 30, 2023

Adani’s share sale of $2.5 billion faces a crucial day-thumnail

Adani’s share sale of $2.5 billion faces a crucial day

Indian billionaire Gautam Adani on Monday faced a critical day with his flagship company’s $2.5 billion share sale’s second day of bidding overshadowed by a $48 billion rout in his

Business

Jan 30, 2023

<strong>Enzene Biosciences raises $50 million to expand production in India and  US</strong>-thumnail

Enzene Biosciences raises $50 million to expand production in India and  US

Under the direction of Dr. Himanshu Gadgil, CEO of Enzene Biosciences Ltd., Enzene claimed to have assembled a 400-person team with a wealth of experience. Alkem Laboratories Ltd. subsidiary Enzene

Business

Jan 30, 2023

The subsidiary of Tube Investments acquires Cellestial E-Mobility, an electric tractor startup-thumnail

The subsidiary of Tube Investments acquires Cellestial E-Mobility, an electric tractor startup

Murugappa group’s subsidiary, Tube Investments of India (TII), has acquired all shares of Cellestial E-Mobility Pvt Ltd, a startup located in Hyderabad that specializes in creating and producing electric tractors,

Business

Jan 28, 2023

Jyothy Labs reports a significant increase in consolidated profit, rising 77% to Rs 67.39 crore in Q3 ending December-thumnail

Jyothy Labs reports a significant increase in consolidated profit, rising 77% to Rs 67.39 crore in Q3 ending December

Fast-moving consumer goods company, Jyothy Labs Ltd, has reported an impressive increase in their consolidated net profit for the third quarter ending December 31, 2022. The net profit jumped by

Business

Jan 27, 2023

After laying off 18,000 employees, Amazon is selling some of its offices to cut costs-thumnail

After laying off 18,000 employees, Amazon is selling some of its offices to cut costs

According to reports, the property was purchased for $123 million in October 2021, and Amazon will likely take a loss on the sale. Earlier this month, the company announced it

Business

Jan 27, 2023

Tata-Owned Air India Cuts Half Orders For Jumbo Jets Today-thumnail

Tata-Owned Air India Cuts Half Orders For Jumbo Jets Today

Air India is expected to sign a $1 billion deal with Boeing, engine supplier General Electric and CFM International on Friday for 495 aircraft. Air India will close Friday orders

Business

Jan 27, 2023


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