The Best Practices To Lower Attrition Rate In A Company
Attrition refers to the progressive decline of a workforce caused by employees leaving or retiring. The attrition rate is frequently used to measure this reduction. Most companies like a low attrition rate since it indicates that employees are happy and that they do not need to recruit and train new employees. Every business owner understands…
Abdullah Ansari
Reliance Launched First In-house Fashion Store, Azorte
Mukesh Ambani continues to hold his position in the luxury market of fashion and lifestyle as Reliance Industries Ltd launched its first in-house premium fashion brand, Azorte, on Thursday in Bangalore. This new fashion brand is named Azorte and is expected to grow as a chain of stores all around the country. Billionaire’s daughter Isha…
Aman Goyal
Rupee Hits The Record Low, Approaches Towards 82 Per Dollar
The Rupee hit a record low when the Indian currency edges closer to 82 levels against the US dollar. The rupee fell to 81.90 versus the US dollar as US bond rates rose and the US currency strengthened. The rupee finished 14 paise higher at 81.53 against the US dollar on Tuesday after hitting a…
Tata, Singapore Airlines Plan To Merge Vistara, Air India
Tata group and Singapore Airlines Ltd. are planning to merge their airline companies, Air India and Vistara, to build a new joint venture. Two sources aware of this development have said on the condition of anonymity that both entities have a combined goal to optimise their resources and compete with industry leader IndiGo. According to…
Mahindra Acquires Rivigo’s B2B Express Unit For Rs 225 Crore
Mahindra Logistics has acquired logistics startup, Rivigo’s B2B express cargo service unit for INR 225 crore in a slump sale. As per a regulatory filing to the BSE, this deal is expected to be finalised before November 1. Under the terms of the deal, Mahindra Logistics will acquire the express business, including the clients, team,…
10 Best Chief Business Officers In India 2024
A chief business officer owns the business narrative that impacts the customer and brand experience. Such business leaders are accountable for revenue generation and operational framework to ensure scalable and constant growth. They oversee sales and marketing while keeping a close eye on customer needs and commercial benefits. Top CBOs are torch bearers in the…
Britannia Appoints New CEO And Executive Vice Chairman
The packaged food company Britannia on Friday named Ranjeet Kohli as the company’s new chief executive officer (CEO) with effect from September 26, 2022. At the same time, Varun Berry, the company’s current managing director, has been appointed as Executive Vice Chairman and Managing Director with immediate effect. “I am delighted to welcome Rajneet to…
Yash Sharma
SoftBank Cut OYO’s Internal Valuation To $2.7 Bn
SoftBank has cut the Indian hotel chain valuation to $2.7 billion from $10 billion. The reported valuation cut occurs when the startup is months away from an initial public offering (IPO). The reports suggest that SoftBank is the largest investor in OYO ━ at 45 per cent, nearly half of it━ , which is a…
Nykaa Founder Falguni Nayar Became India’s Richest Woman
Nykaa’s founder Falguni Nayar overtook Kiran Mazumdar-Shaw and has become India’s richest woman, as per the IIFL Wealth Hurun India rich list 2022, which was unveiled on Wednesday. With a net worth of ₹38,700 crores, she secures 33rd position in the top 100 billionaire list. She is the most successful woman entrepreneur in India and…
KKR Announced To Invest $450 Mn In HFE With Hero Group
Kohlberg, Kravis Roberts & Co. (KKR) announced on Tuesday to invest $450 million, almost Rs. 3,585 crores, in Hero Future Energies (HFE). KKR is a Global Private Equity major which has deployed over $15 million globally to invest in renewable assets. “This investment will position HFE for continued growth and support its efforts to expand…
Himanshu