India Ranked As World’s Second Largest Producer Of Steel
India’s steel production has broken the record of 120 million tonnes per year and becomes the world’s second-largest steel producer, according to the government. India is soon to double its steel production to 300 million tonnes per annum by 2030, said Steel Minister Jyotiraditya Scindia. “There has been a doubling in the last eight years…
YES Bank Re-enters The Top 100 Most Valued Firms List
YES Bank re-entered the top 100 most valued companies list in terms of market capitalisation (market-cap). It is because the stock of private sector lenders zoomed 30% in the past three days after the Reserve Bank of India (RBI) agreed to raise capital from funds affiliated with global private equity investors Carlyle and Advent International. …
Leading Platform Vedantu Lays Off Over 300 Employees
Indian edtech company Vedantu is laying off employees and implementing salary deductions. In the fourth round, the company laid off almost 385 employees across verticals such as HR learning and content, while the leadership team, including founders, will take a 50 per cent pay cut. Earlier, Edtech fired 200 employees last month and about 600…
Disney CEO Bob Iger Back And Focusing On His Priorities
Walt Disney World’s CEO has returned to his position after just a couple of years off the job and addressed cast members in a town hall meeting. In this meeting, he discussed the multiple problems the company is facing, including Disney’s current hiring freeze, and then shared his priorities. He plans to focus on the…
India’s Koo Entered Brazil Market, Becomes Top App
Koo is an Indian microblogging and social networking platform launched in 2019. Now the app is rising in the international market too. The app became the top social media platform in just 48 hours after its launch in the South American country, Brazil. Twitter’s rival India-born app Koo has recently entered the Brazilian market. The…
Larsen & Toubro Infotech, Mindtree Announced Their Merge
On Monday, two IT companies, Larsen & Toubro Infotech (LTI) and Mindtree, announced their merger, which will come into effect following the regulators and shareholders. The merger company is known as LTIMindtree and is now the fifth-largest IT company in India in terms of current market capitalisation. After the merger, 73 shares of LTI will…
Harsh Jain Offers Jobs To Indian Laid-off Employees
Thousands of Indian employees around the world are dismissed from their jobs. Harsh Jain, CEO and co-founder of Dream11, has urged Indian employees to ‘Come Back Home’ as he decides to offer them employment. In a post on LinkedIn, he wrote, “Please help remind Indians to come back home after the layoffs in the US…
India’s Balance Of Payment Likely To Fall Short
An internal assessment by the Ministry of Finance indicates that India’s balance of payment is likely to fall short, up to $50 billion in the financial year of 2022-23. The rupee might continue to decline against the US dollar because of foreign exchange outflow, but the Center is confident that it will manage the deficit…
Jeff Bezos Success Story: An Inspiration for Beginners
When you think about online shopping, what is the first name that comes to your mind? Probably Amazon ━ One of the oldest eCommerce platforms. Have you ever wondered what if it was never found? We actually miss something revolutionary. All thanks to Jeff Bezos ━ the founder of Amazon. Look into Jeff Bezos success…
The Best Business Newspaper In India For Latest Update
Every shareholder and businessman needs to stay updated with the latest update on the stock market. Missing one key information, big corporate announcements, new deals, and other information such as frauds, scams, and allegations can change the entire game. But how will you stay updated with the current happenings in the stock market? A simple…
