Companies

Karnataka Govt -Foxconn sign Letter of Intent for two projects; Investments of worth Rs 5,000 crore

Karnataka Govt - Foxconn sign Letter of Intent for two projects; Investments worth of Rs 5,000 crore

The Karnataka government and iPhone maker Foxconn have signed a Letter of Intent (LOI) for two projects with an estimated investment outlay of Rs 5,000 crore generating 13,000 jobs, state Large and Medium Industries Minister M.B. Patil said on Wednesday.

Aug 2, 2023

Binny Bansal, Accel, Tiger Global Bid Farewell to Flipkart: Walmart pays top dollar [details]

Retail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global's remaining shares in the e-commerce major.

Jul 31, 2023

Dr. Reddy's Enters Trade Generics, Child Nutrition, Expanding Its Indian Footprint

This recent development coupled with the steady progress Dr. Reddy's has made in recent years to penetrate the all-important Indian market has positioned the company well to grow alongside the booming Indian pharmaceuticals market.

Jul 20, 2023

Binance lays off 1,000 employees after wave of executives exit: Report

These layoffs are happening just a few days after several top executives left the company including its Chief Strategy Officer Patrick Hillmann

Jul 16, 2023

Jet engines, armed drones for India likely in Modi-Biden talks [details inside]

The US has cleared the joint production of GE's F 414 jet engines in India giving a "new" direction to ties between the two countries, a senior US White House official told reporters on the eve of President Joe Biden's official state dinner for Prime Minister Narendra Modi.

Jun 22, 2023

Government intervenes to save IndiGo from Jet Airways-like crash landing

IndiGo expands int'l network; starts flights to six destinations in Africa, Central Asia [see list]

IndiGo has now launched flights to six new destinations in Africa and Central Asia with 174 weekly flights between June and September 2023.

Jun 3, 2023

Staying Ahead of the Curve is About More Than Smart Marketing; Ankur Goel's GTM Strategic Playbook Centers Around Product Innovation, Refreshed Pricing Models, and a Shift in the Customer Experience

Changing the fundamental components of a business model is challenging and intricate, but Ankur Goel saw an opportunity to better meet the conditions of the industry and jumped on it.

Jun 2, 2023

Go First Gone: 11th private airline to 'drop' out of skies in a decade

The tottering Indian aviation sector hit fresh turbulence when early this month, another flourishing private airline was suddenly grounded owing to various problems, making it the 11th in a decade to fall from the skies.

May 21, 2023

Swiggy's food delivery business turns profitable; CEO shares excitement on historic feat

Swiggy's food delivery biz turns profitable; CEO shares excitement on historic feat

Swiggy CEO Sriharsha Majety on Thursday said that their food delivery business has turned profitable (as of March 2023), after factoring in all corporate costs, excluding employee stock option costs.

May 18, 2023

LinkedIn lays off 716 employees; shuts China app [details]

Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China.

May 9, 2023

No FEMA violations found so far after ED searches at BYJU'S [details]

The initial investigation after the recent searches at BYJU'S have so far found no Foreign Exchange Management Act (FEMA) violations by the edtech firm, according to sources.

May 7, 2023

Accenture rejigs top India leadership; Chairperson Rekha Menon to retire [details]

Ajay Vij has been appointed to the newly-created role of Country Managing Director, and Sandeep Dutta takes over as the lead for its India Market Unit, the company said in a statement.

May 5, 2023

After trip in Rolls Royce, UAE-based Indian business couple awards International trip to workers

Haseena Nishad, managing director of the company had received Sharjah Government's honor in recognition of her outstanding labor welfare work

May 4, 2023

Who is Ajay Banga; Indian-origin former Mastercard CEO becomes 14th President of World Bank

Ajay Banga, an Indian-origin American, was on Wednesday selected as the President of the World Bank by its executive directors for a five-year term starting June 2.

May 3, 2023

Flipkart expands footprint in Telangana with new fulfillment centre; bolsters supply chain infra [details]

India's leading e-commerce player Flipkart has expanded its footprint in Telangana and strengthened its supply chain infrastructure with the launch of a new fulfillment center in Sangareddy.

May 2, 2023

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