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In Q4 FY23, TCS, Infosys, and Wipro expect variable pay cuts and a slowdown in hiring-thumnail

In Q4 FY23, TCS, Infosys, and Wipro expect variable pay cuts and a slowdown in hiring

The approaching earnings season will be a true test for Indian IT firms like Tata Consultancy Services (TCS), Infosys, Wipro, HCL Tech, and others that have been struggling with rising

Industry

Apr 7, 2023

US-based firms sack over 270,000 employees in Q1, up by nearly 400%-thumnail

US-based firms sack over 270,000 employees in Q1, up by nearly 400%

Large-scale layoffs in the Technology sector continue in 2023 amidst rate hikes and companies’ cost-cutting measures The technology sector, which is leading all industries, is witnessing a high number of

Business

Apr 7, 2023

By 2026, Toyota plans to introduce 10 new battery-powered electric vehicles-thumnail

By 2026, Toyota plans to introduce 10 new battery-powered electric vehicles

Toyota’s chief technology officer, Hiroki Nakajima, announced that the firm intends to introduce 10 new battery-electric vehicles models by 2026 at a briefing on the strategy under the leadership of

Automotive

Apr 7, 2023

Realty, auto firms expect demand to remain intact after RBI holds rate-thumnail

Realty, auto firms expect demand to remain intact after RBI holds rate

The Reserve Bank of India (RBI) announced on Thursday that it is holding its key repo rate steady, prompting CEOs from various industries to express their optimism about the business

Business

Apr 6, 2023

Samsung, AMD sign multi-year pact to boost mobile graphics experience-thumnail

Samsung, AMD sign multi-year pact to boost mobile graphics experience

Samsung Electronics and chip-maker AMD have announced that they have signed a multi-year agreement extension to bring multiple generations of high-performance, ultra-low-power AMD Radeon graphics solutions to an expanded portfolio

Manufacturing

Apr 6, 2023

The Indian government plans to offer green hydrogen incentives of at least 10% of the cost-of-production-thumnail

The Indian government plans to offer green hydrogen incentives of at least 10% of the cost-of-production

Using a $2 billion programme that will launch by the end of June, India intends to provide incentives to companies that make green hydrogen fuel worth at least 10% of

News

Apr 6, 2023

SP Group to secure $1.75 billion against Tata stake-thumnail

SP Group to secure $1.75 billion against Tata stake

One of the largest shareholders in Tata Sons, the Shapoorji Pallonji SP Group, is reportedly in talks to pledge the other half of its stock in the Tata Group’s unlisted

Industry

Apr 6, 2023

Reliance Retail establishes a flagship store in Mumbai and introduces the e-commerce beauty platform Tira-thumnail

Reliance Retail establishes a flagship store in Mumbai and introduces the e-commerce beauty platform Tira

Isha Ambani, Executive Director of Reliance Retail Ventures Limited, stated that the company’s goal with Tira is to remove obstacles from the beauty industry and democratize beauty for customers across

E-Commerce

Apr 6, 2023

Animal-free protein producer Zero Cow Factory raises $4 million-thumnail

Animal-free protein producer Zero Cow Factory raises $4 million

The cash will be utilized to advance the company’s research and development activities, scale up manufacturing capacity, and also secure regulatory licenses to become commercial. Zero Cow Factory, a biotechnology

Business

Apr 5, 2023

Paytm is leading offline payments with 6.8 million devices and has grown GMV by 40%-thumnail

Paytm is leading offline payments with 6.8 million devices and has grown GMV by 40%

Paytm, a leading provider of financial services and payments, announced on Wednesday that it has reached a new milestone in offline payments with the deployment of 6.8 million devices. Consumer

Business

Apr 5, 2023

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment-thumnail

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment

The accord comes in response to a court decision in January dismissing J&J’s contentious “Texas two-step” bankruptcy strategy. J&J company declares bankruptcy, in which the company attempted to transfer the

Business

Apr 5, 2023

Iron Pillar raises $129 million to invest in cloud startups in India-thumnail

Iron Pillar raises $129 million to invest in cloud startups in India

A venture growth investor named Iron Pillar has completed the successful closing of a $129 million Series B and C stage fund aimed at funding Indian-based global cloud software startups.

Finance

Apr 5, 2023


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