News

Larsen & Toubro Infotech, Mindtree Announced Their Merge

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…

Everything You Should Know About FTX Collapse

Everything You Should Know About FTX Collapse

The world’s third-largest cryptocurrency exchange, FTX, filed bankruptcy this week after a bailout from the larger rival Binance collapsed. FTX started with a $400 million Series C funding round, bringing its valuation to over $32 billion. After ten months, the crypto exchange is staring down the possibility of bankruptcy. After filing bankruptcy, Chief Executive Officer…

Harsh Jain Offers Jobs To Indian Laid-off Employees

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…

Indian Oiltanking Signed Agreement With Adani Ports

Indian Oiltanking Signed Agreement With Adani Ports

On Wednesday, Adani Ports and the Special Economic Zone Ltd. (APSEZ) announced that it acquired a 49.38% stake in Indian Oiltanking for Rs 1,050 crore.  APSEZ, a flagship transportation sector of the Adani group, is India’s largest private ports and logistics company.  Under the agreement, Adani Ports will also obtain an additional 10% equity stake…

India’s Balance Of Payment Likely To Fall Short 

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…

Amit Choudhary Is Appointed As New COO At Wipro Limited

Amit Choudhary Is Appointed As New COO At Wipro Limited

Technology and consulting services Wipro announced the appointment of Amit Choudhary as Chief Operating Officer (COO) and a member of the Executive Board.  In his role, he will manage Global Business Operations, Delivery Excellence,  and Enterprise Risk Management. Choudhary will be responsible for improving organizational and operational efficiency and driving long-term growth for the company,…

Adani Group Would Invest $150 Bn To Generate Green Energy

Adani Group Would Invest $150 Bn To Generate Green Energy

Currently, the Gautam Adani Group is trending as the richest business all over the country. The Adani Group is willing to invest an amount of USD 150 billion all across its businesses. The Adani Group would convert a wide range of their business to work on green energy, such as using renewable resources in data…

Elon Musk Take Control Over Twitter & Fires CEO Parag Agarwal

Elon Musk Take Control Over Twitter & Fires CEO Parag Agarwal

According to the reports shared by the New York Times, Elon Musk allegedly fired Twitter’s CEO Parag Agarwal and other top executives once the deal was completed.  Ned Segal, CFO (Chief Financial Officer) and Vijaya Gadde, Head of Legal, are among the top names that departed from Twitter after Elon Musk finalised his deal for…

Samsung Electronics Appoints New Executive Chairman

Samsung Electronics Appoints New Executive Chairman

Samsung Electronics announced a new executive chairman for the company on Thursday. Jay Y. Lee is the newest face to be crowned as the chairman of the biggest smartphone and memory chip makers in South Korea. This appointment confirms that Samsung is ready to be run by the third generation of its founders.  Jay Lee…

Antonoaldo Neves Will Replace Tony Douglas As Etihad’s CEO

Antonoaldo Neves Will Replace Tony Douglas As Etihad’s CEO

Abu Dhabi-based, UAE’s second-largest airline, Etihad, appoints Antonoaldo Neves as its new CEO. He will replace Tony Douglas, the existing CEO, who has been serving as the CEO of Etihad since 2018. As per rumours, Tony has decided to seize a new opportunity and will take care of Saudi Arabia’s airline startup, RIA.  Antonoaldo has…