Companies

Indian-Origin CEO fires 900 employees on 3-minute Zoom call; video goes viral [watch]

The CEO of Better, Vishal Garg, drew flak on social media for not just firing 15 percent of the company's employees over a zoom call but also continuing to flash a 'we're hiring' tag on his Linkedin profile which was removed soon after the screenshot of his page went viral.

Dec 6, 2021

SpaceX CEO Elon Musk warns of bankruptcy in email to employees [Details]

Elon Musk warns employees of potential bankruptcy of Space X through an email.Musk also revealed that instead of taking the weekend off as planned, he was going to be working on the Raptor all night and over the weekend

Dec 1, 2021

Reliance Jio prepaid tariffs hike: Consumers to pay around 20% more [see new plans]

The announcement by Reliance Jio comes few days after Vodafone Idea and Bharti Airtel announced a hike in their respective prepaid tariffs.

Nov 28, 2021

Why Reliance and Aramco call off their whopping $15 billion deal: Explained

RIL and Aramco inked a non-binding letter of intent in August 2019 for the Saudi giant to buy a 20% share in Reliance's Oil to chemical business for $15 billion.

Nov 22, 2021

Unacademy spent ₹5 to make ₹1 in FY21; revenue, losses surge 6X [financials explained]

Edtech giant Unacademy filed its financial results for FY21, which shows the company has grown immensely but its spending needs to be pulled back several notches to balance the sheets.

Nov 22, 2021

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

Sky's the limit: IndiGo is now tenth largest airline by capacity globally; growth indisputable [details]

IndiGo has emerged as the tenth-largest airline globally and largest in the APAC region by seat capacity. Here's what's giving thrust to the airline major to fly higher.

Nov 22, 2021

Tesla Chief Elon Musk sells $ 5 billion worth Tesla shares after Twitter Poll

It is pertinent to note that Musk's Twitter poll asking about selling 10% of his Tesla stock came after some Congressional Democrats pushed for rich like him to shed taxes on stock gains even if they don't sell any.

Nov 11, 2021

Yes Bank's Q2FY22 YoY net profit up over 74%

Non-interest revenue increased by 30.2 percent to Rs 778 crore from Rs 597 crore during the review period.

Oct 23, 2021

RIL reports Q2FY22 YoY net profit up by 46% to Rs 15,479 cr

Net profit for the quarter increased 44.1 per cent year on year to Rs 9,228 crore on a standalone basis.

Oct 23, 2021

Why governments across the globe are taxing major tech companies: Explained

It is pertinent to note that the IMF has also expressed some interest in the proposal.

Oct 13, 2021

Invesco proposed merger with large Indian group in Feb 2021: Zee's Goenka

Another merger deal pushed by its largest overseas shareholder that would have robbed the shareholders of at least Rs 10,000 crore come up.

Oct 13, 2021

Airport commissions second solar power plant.

Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar

RNESL will hold 40 per cent of the equity capital of SWSL, consequent to acquisition in the open offer, follow-on acquisition of shares from SPCPL and Khurshed Daruvala, and sell down, if any required.

Oct 10, 2021

Centre notifies 100% FDI in telecom sector via automatic route; India Inc welcomes

A four-year moratorium on AGR-related dues given to help cash-strapped telcos more time to strengthen their businesses and pay off their debts

Oct 9, 2021

It's official: Tata's bid wins Air India back after 68 years

The Centre on Friday declared Tata Sons' subsidiary Talace as the winner with the highest bid for national carrier Air India at Rs 18,000 crore

Oct 8, 2021

pellworm-germany039s-green-energy-island

Adani Green Energy closes India's largest renewables M&A deal with SB Energy Holdings

Adani Green Energy Ltd (AGEL) has completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on May 18, 2021.

Oct 4, 2021

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Companies

Indian-Origin CEO fires 900 employees on 3-minute Zoom call; video goes viral [watch]

SpaceX CEO Elon Musk warns of bankruptcy in email to employees [Details]

Reliance Jio prepaid tariffs hike: Consumers to pay around 20% more [see new plans]

Why Reliance and Aramco call off their whopping $15 billion deal: Explained

Unacademy spent ₹5 to make ₹1 in FY21; revenue, losses surge 6X [financials explained]

Sky's the limit: IndiGo is now tenth largest airline by capacity globally; growth indisputable [details]

Tesla Chief Elon Musk sells $ 5 billion worth Tesla shares after Twitter Poll

Yes Bank's Q2FY22 YoY net profit up over 74%

RIL reports Q2FY22 YoY net profit up by 46% to Rs 15,479 cr

Why governments across the globe are taxing major tech companies: Explained

Invesco proposed merger with large Indian group in Feb 2021: Zee's Goenka

Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar

Centre notifies 100% FDI in telecom sector via automatic route; India Inc welcomes

It's official: Tata's bid wins Air India back after 68 years

Adani Green Energy closes India's largest renewables M&A deal with SB Energy Holdings

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]