Indian Businesses

Godrej Family Split: Brothers To Go Their Separate Ways

Godrej Family Split: Brothers To Go Their Separate Ways

The Godrej Family, a titan in the Indian industrial landscape, has just announced the split of the 127-year-old conglomerate into two separate entities. The news broke out on Tuesday following a long meeting held by the family. After the meeting, now there are 2 separate Godrej entities, Godrej Enterprises Group and Godrej Industries Group. Godrej…

CEO Hemant Bakshi Quits, OLA To Let Go Of 10% Workforce

CEO Hemant Bakshi Quits, OLA To Let Go Of 10% Workforce

After four months as the CEO of India’s biggest ride-sharing transportation company, OLA, Hemant Bakshi has now stepped down. Moreover, the company is said to be performing a restructuring exercise that will affect about 10% of the total staff. Bakshi joined the company in January to supervise the day-to-day operations of the ride-hailing company.  According…

Forgery Case Is Filed Against Hero MotoCorp

Forgery Case Is Filed Against Hero MotoCorp

The biggest bike manufacturer in India, Hero MotoCorp has been sued by the Delhi Police based on a complaint by Brains Logistics. The allegations are that Hero MotoCorp fabricated fake bills worth ₹5.9 crore and obtained a tax credit of over ₹55 Lakh.  The complaint has been filed against the manufacturer along with three of…