Union Commerce Minister Red Flags E-Commerce Boom
Union commerce minister of India, Piyush Goyal, has accused e-commerce companies of predatory pricing and killing small businesses in India. He further states that the rapid growth of these companies is not a matter of pride but rather of serious concerns. According to Goyal, this rapid growth is negatively impacting around 10 million small businesses…
Bhumika
The New Faces Steering Nasscom and Cognizant – Unveiled!
Nasscom, India’s apex technology association, has appointed Rajesh Nambiar as its new president. Nambiar will succeed Debjani Ghosh, who will retire in November this year. He was elected Chairman of Nasscom in 2023 and was also part of the search committee responsible for hiring a new designated president. However, the committee, which included WNS CEO…
Himanshu
iPhone Pro Models Now Made in India—Lower Prices Ahead?
Apple has started training thousands of workers in its Tamil Nadu factory to produce its higher-end iPhone models, Pro and Pro Max versions. The company has also started pilot runs for the base models, and it plans to mass-produce them to meet the global launch timeline. Foxconn will likely be given priority for new manufacturing…
ABHYUDAYA MITTAL
Transforming India’s Energy Future: Ciel & Terre India Completes 4.096 MWp Floating Solar Installation at Amplus KN One PowerÂ
Project Overview The Amplus KN One Power project is a stellar example of innovation in the renewable energy sector by Ciel & Terre India, combining cutting-edge technology with sustainable practices to create an efficient floating solar power plant. This article explores the details of the project, its unique configuration, and the challenges faced during its…
NCLT Gives Green Signal To Merger Of Slice And NESFB
The Guwahati bench of the National Company Law Tribunal on August 19 gave the green flag to the amalgamation involving Garagepreneurs Internet Pvt Ltd, Quadrillion Finance Pvt Ltd, Intergalactory Foundry Pvt Ltd, North East Small Finance Bank Ltd (NESFB), RGVN (North East) Microfinance Ltd, and Tiger Global-backed Slice. The news came one year after the…
Abdullah Ansari
Who’s the New Power Player at Hindalco? Find Out Now!
The Birla Group’s metal flagship company, Hindalco Limited, has approved the appointment of Kumar Mangalam Birla’s children as its new directors. The company believes that insights from Ananya Birla and Aryaman Vikram Birla will benefit its growth and development, especially as it transitions to a low-carbon future. Kumar Mangalam Birla, Chairman of Aditya Birla Group,…
Wipro Loses CTO Subha Tatavarti Amid Leadership Changes
After serving for three years at tech giant Wipro, Subha Tatavatri has decided to step down. However, this is not the first resignation. Many C-suite-level officers have already resigned from their positions to pursue opportunities outside of Wipro. They include Amit Choudhary (ex-COO of Wipro), Anis Chenchah (Ex-chief executive of APMEA in Wipro), and Ajit…
Reliance Layoff Raises Economic Red Flags in India
India’s largest conglomerate, Reliance, announced an 11% reduction in its workforce, laying off 42,000 employees. According to Livemint, most of these employees were either contract workers or part-time employees. The company also hired 33% fewer fresh recruits than the previous year. RIL has recruited merely 1.17 lakh new recruits in this fiscal year. These changes…
Adani Family Left Out of Hurun’s Top Family Businesses
Recently, Hurun released its report on India’s most valuable family businesses. According to Hurun’s list of the top 10 family businesses in India, these businesses have collectively amassed a total value of more than INR 60,00,000 crores. However, this list doesn’t include the name of multi-billionaire Gautam Adani’s business. This news sent a shockwave across…
India’s Largest Bank Welcomes its New Chairman
The Cabinet Committee on Appointments has appointed a new chairman for the State Bank of India (SBI), the largest bank in the country. With a market cap exceeding INR 7,21,000 crores, SBI boasts a robust balance sheet and strong asset quality. The former chairman, Dinesh Khara, played a crucial role in revitalising the bank’s ailing…
Chandan Kumar