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
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
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…