Oil Minister Urges OPEC To Have A Sense Of Pragmatism
Oil prices have risen a lot in the last few months, since August 2022 the OPEC and OPEC+ group of oil exporters have decreased their oil production by 5% which resulted in a 34% hike in oil prices around the world. The price of a single barrel of oil in August 2022 was $72/bbl while…
Monika Gola
Dunzo’s One Of Four Co-Founders To Leave The Startup
On-demand grocery delivery platform Dunzo said, “one of its co-founders will leave the startup.” Mukund Jha is reportedly to exit the Dunzo, making him the second co-founder to depart within a week. Before this, Dalvir Suri left the company. It is said that this step has been taken after considering the company’s poor position in…
Music Giant Saregama Acquires 51.8% Stakes In Pocket Aces
India’s Oldest Music Label Saregama India Ltd. is all set to acquire a 51.8% Stake in entertainment company Pocket Aces For â‚ą174 crores and plans to buy another 41% in the next 15 months. Previously known as The Gramophone Company Of India Private Limited, Saregama has made this decision as a way to attract younger…
Former Chipmaker Executive To Become The Next CFO Of Uber
The Biggest rideshare company in the world, Uber, announced on Wednesday that Prashantha Mahendra Rajah will be replacing Nelson Chai as the CFO of Uber. Prashantha Mahendra Rajah will step into his role of CFO on November 13, 2023. “I’m confident he’ll be able to help us deliver even more innovation and efficiency as we…
Byju’s New CEO Arjun Mohan All Set To Fire 4500 People
The newly appointed CEO of Byju’s, Arjun Mohan, who took charge of the company on 20 September, has made a decision to fire more than 4500 people as a way to restructure the business and cut costs. In a meeting, Mohan briefed the company’s senior executives that he would be merging several business verticals as…
Apple to Amplify Its Production in India by Over Five-fold
The world’s leading smartphone manufacturer, Apple, has plans to increase its production by five times in India. News agency PTI (Press Trust of India) reported that the iPhone maker is all set to scale up its production up to $ 40 billion (3.32 lakh crore) in India. As per PTI’s report, Apple surpassed the $7…
Jatin Dalal Resigns As Wipro CFO: Aparna Iyer Named New CFO
On Thursday, India’s leading IT service firm, Wipro, said that its chief financial officer, Jatin Dalal, quit its 21-year stint with the company. India’s fourth-largest software services company has appointed insider Aparna C Iyer as its new CFO. Dalal’s resignation is another in a string of high-level exits at the IT giant in the last…
43 Pilots Resigned: Akasa Air Is In a State of Crisis Â
Akasa Air, the newly launched Indian airline, is in crisis, as its 43 pilots left without notice to join rival airlines, the airline told the Delhi High Court on Tuesday. The unexpected resignation of pilots has pushed the airline to cancel 24 flights per day in September. In an official statement, the airline said that…
Women’s Quota Bill Likely To Be Passed By Lok SabhaÂ
The special session of the parliament continues, and house proceedings have moved to the new parliament building on Tuesday. The new parliament appears to become the place that emphasises gender justice symbols. The Women’s Reservation Bill will likely become the first bill tabled after moving to the new parliament building, while the new facility includes…
Naveen Jindal To Be Named Non-Executive Chairman Of JSPL
One of the biggest companies in India, Jindal Steel and Power Ltd. (JSPL) will go through a big change as the current chairman of Jindal Steel will step down as chairman and take his place as non-executive chairman. Naveen Jindal will step down from the chairman role on 30 September 2023 and he will be…