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…
Yash Sharma
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
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 Sabha
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…
UK Signs Deal With Tata Steel, “Will Create 4,000 Jobs”
UK’s prime minister Rishi Sunak signed a deal with Tata Steel that will help convert a coal-based steel plant in Port Talbot into a lower emission electric arc furnace. PM Rishi Sunak pointed out how this deal will help create more than 4,000 jobs for the British people and will also help in lowering the…
Tesla To Source Automobile Parts Worth $1.9 Billion This Year
On Wednesday, Commerce Minister Piyush Goyal revealed that the Tesla Inc has planned to source automobile parts worth up to $1.9 billion this year from India. Basically, this move of the electric vehicle giant is set to boost the country’s automobile industry and reflects the growing interest of the global industries in India as a…
Classic Legends To Invest ₹1,000 Crore To Revamp Marketing
Classic Legends, a motorbike company backed by Mahindra, has decided to invest ₹1,000 Crore in next three years. This Investment is planned to enhance marketing distribution and the new product development strategies. However, the company plans to allocate 50% of the investment to the international market launch of the BSA bikes, while the remaining 50%…
Google Pays $10 Billion To Defeat Search Engine Market
On Tuesday, the US government accused Google of paying $10 billion annually to Apple and other companies to safeguard its monopoly over online search, which marks the largest anti-trust case in the US in the last 20 years. The justice department lawyer Kenneth Dintzer said that the case revolves around the future of the internet…
