Apple To Appoint New Chief Financial OfficerÂ
Ahead of its iphone 16 series release, Apple announced a major change in its management positions. The company announced that Kevan Parekh will be taking up the position of Luca Maestri, who is currently the CFO of the company. Parekh was the vice president of the Financial Planning and Analysis and will now be joining…
Shipra Prajapati
Sensex Surge Boosts Top Firms Value By ₹95,522 Crores
In a recent turn of events, the Indian stock market registered a historic rise of 0.04% in a single day, and Sensex soared up by 0.80%, adding more than ₹95,522.81 crore to the market capitalisation of the most valued companies in India. Reliance and TCS are among the top gainers of the week. Tata Consultancy…
Vipin Kumar
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
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…
L&T’s Middle East Deals Enhance its Renewables Portfolio
In recent developments, Larsen & Toubro has confirmed that it has received mega projects from the Middle East to develop two gigawatt-scale solar PV plants. The project classification of these mega projects is between Rs 10,000 crore and Rs 15,000 crore. In the exchange filings, the company mentioned that “The plants will have a cumulative…
Chandan Kumar