Amazon cuts 30,000 jobs in massive restructuring
Amazon announces sweeping layoffs affecting 30,000 corporate positions as CEO Andy Jassy tackles 'excess bureaucracy' and streamlines operations in major cost-cutting move.
Category : Corporate News
Paramount Cuts 1,000 Jobs in Major Restructuring
US media giant Paramount Global initiates major restructuring with 1,000 job cuts amid potential Skydance merger. Get exclusive details on the layoff strategy and what's next for the entertainment industry.
SC Grants Vodafone Idea Relief in AGR Dues Case
In a significant development, the Supreme Court has directed the Centre to reconsider Vodafone Idea's AGR dues, providing crucial breathing space to the struggling telecom giant. Get the complete breakdown of this game-changing verdict.
Paramount Axes 1,000 Jobs in Major Restructuring
Paramount Global initiates first wave of layoffs, cutting 1,000 positions amid streaming wars and economic pressures. Exclusive details on the restructuring plan.
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Amazon Plans 30,000+ Job Cuts in Major Restructuring
Amazon plans its largest job cuts since 2022, potentially affecting 30,000+ corporate positions across various departments as part of major cost-cutting measures.
Amazon Slashes 30,000 Jobs in Post-Pandemic Restructuring
Amazon announces massive workforce reduction targeting corporate roles as pandemic-era overexpansion meets economic pressures. Up to 30,000 positions at risk in strategic cost-cutting move.
Amazon Plans 30,000 Corporate Job Cuts
Amazon is reportedly planning significant corporate job cuts affecting up to 30,000 employees across various divisions, marking one of the largest workforce reductions in tech history.
CPCL Posts ₹732Cr Q2 Profit in Major Turnaround
Chennai Petroleum Corporation Limited (CPCL) makes a stunning recovery in Q2 FY24, swinging from a ₹1,293 crore loss to a massive ₹732 crore profit. Revenue surges 21% as refinery operations hit peak efficiency.
Sanofi India appoints Deepak Arora as Managing Director
Sanofi India announces Deepak Arora as its new Managing Director, bringing extensive pharmaceutical experience to drive growth and innovation in the Indian healthcare market.
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IndianOil Q2 Profit Soars 140% on Strong Margins
IndianOil Corporation reports stellar Q2 performance with net profit skyrocketing to ₹12,967 crore, driven by robust refining margins and strategic operations.
India Ratings affirms Birla Corp credit rating
India Ratings maintains Birla Corporation's stable credit outlook, citing robust debt management and impressive capacity utilization as key strengths in cement sector growth.
Adani Energy Profit Soars 43%, Targets 1 Crore Smart Meters
Adani Energy Solutions reports stellar Q2 results with 43% profit surge, commissions 3 major projects, and sets ambitious target of 1 crore smart meters across India.
Vodafone Idea Gets AGR Relief from Supreme Court
In a landmark decision, India's Supreme Court permits Centre to reassess Vodafone Idea's AGR liabilities, offering crucial financial breathing space to the struggling telecom giant.
Tata Consumer distributors protest stock dumping at Mumbai HQ
Hundreds of Tata Consumer Products distributors staged dramatic protests outside Mumbai headquarters, alleging forced stock dumping and unfair business practices that threaten their livelihoods.
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Tesla Chair: Musk Could Exit If Pay Package Fails
Tesla Chair Robyn Denholm warns shareholders that rejecting Elon Musk's record $56 billion compensation could trigger his departure, jeopardizing the company's future growth and innovation.
Tesla Chair: Musk Could Leave If Pay Package Rejected
Tesla's board chair warns Elon Musk might leave the company if shareholders reject his massive $56 billion compensation plan, raising concerns about Tesla's future leadership and direction.
Adani Energy H1 FY26: EBITDA up 13% to ₹4,144 Cr
Adani Energy Solutions delivers robust H1 FY26 performance with significant revenue growth, expanding consumer base, and strategic infrastructure development across India's power sector.
Vodafone Idea Gets Supreme Court Relief in AGR Case
In a landmark decision, the Supreme Court grants Vodafone Idea significant relief in the AGR case, allowing staggered payments and breathing room for the telecom giant's survival.
Private Credit Lenders Acquire Controlling Stake in Netceed
In a dramatic financial takeover, private credit lenders have acquired controlling stake in Netceed, marking a significant shift in telecom infrastructure ownership and signaling growing private credit influence in corporate acquisitions.
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TCS denies losing $1B Marks & Spencer contract
Tata Consultancy Services refutes claims of losing massive UK retail contract, clarifying position amid market speculation about cybersecurity incident impact.
SC Lets Centre Examine Vodafone Idea's AGR Plea
In a significant development for India's telecom sector, the Supreme Court has permitted the central government to examine Vodafone Idea's petition challenging the Department of Telecommunications' massive AGR dues. This decision could shape the future of
Supreme Court grants Vodafone Idea AGR relief
In a crucial development for India's telecom sector, the Supreme Court grants Vodafone Idea additional time to clear AGR dues, providing much-needed breathing space for the struggling operator.
Kay Cee Energy Revenue Jumps 119%, PAT Up 84% in H1 FY26
Kay Cee Energy Infra Limited reports stellar H1 FY26 performance with revenue surging 119% YOY and profit after tax climbing 84%, showcasing robust growth in India's energy infrastructure sector.
Ex-CJI Ramana to arbitrate Hero Energy dispute
Ex-CJI N.V. Ramana appointed as arbitrator in high-stakes legal battle over compensation between former CEO of Hero Future Energies and the company, involving cash relief versus ESOPs dispute worth crores.
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Uncle Nearest Whiskey Faces Bankruptcy Crisis
Uncle Nearest Premium Whiskey, the acclaimed Black-owned spirits company, faces severe financial distress with potential Chapter 11 bankruptcy filing amid mounting debt and legal battles.
HLL Lifecare Pays Record ₹69.53 Cr Dividend, Revenue Up 20%
HLL Lifecare creates history with highest-ever dividend payout of ₹69.53 crore to government amid 20% revenue growth, marking a significant milestone for CPSE dividends.
HLL Lifecare Pays Record ₹69.5 Crore Dividend
HLL Lifecare, a Mini Ratna PSU, creates history by paying its highest-ever dividend of ₹69.5 crore to the government for FY 2024-25, showcasing exceptional financial performance and governance.
Hitchcock's Markets Closes All Florida Stores - 30% Off Sale
Florida's iconic Hitchcock's Markets chain announces permanent closure of all 10 locations. Everything must go with 30% clearance sale - end of an era for local shoppers.
Govt to hike print ad rates by 26% in media reforms
Major media reforms underway as Indian government prepares significant rate revisions for print, radio, TV, and DTH sectors to support industry growth.
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Govt Plans 26% Ad Rate Hike for Print Media
In a significant move to support print media, the Indian government is considering a substantial 26% increase in advertisement rates, providing much-needed relief to newspapers and publications.
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