Meta CEO Says No More Company-Wide Layoffs This Year
Mark Zuckerberg announced that Meta will not conduct any more company-wide layoffs in 2024, focusing instead on targeted hiring and efficiency improvements.
Category : Corporate News
Aditya Birla Capital Board Approves Rs 4,000 Crore Issue
Aditya Birla Capital's board approved a Rs 4,000 crore preferential equity issue to fund growth, with contributions from Grasim, Suryaja Investment, and IFC. The issue awaits approvals.
India's Core Infra Sector Growth Rises to 1.7% in Sep
India's eight core infrastructure sectors grew 1.7% in September 2024, driven by coal and electricity, while crude oil and natural gas contracted.
Bosch Q4 Net Profit Up 2.71%
Bosch reported a 2.71% rise in net profit for Q4, reaching Rs 368 crore, driven by operational efficiency despite challenging market conditions.
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HAL bets big with HR reset to break bureaucratic patterns
Hindustan Aeronautics Limited launches a major HR overhaul with a new Central HR Council to streamline operations and shed its slow, bureaucratic image.
Nagpur Police Arrests Thief, Recovers Laptops Worth Rs 4 Crore
Nagpur Rural Police arrested a key member of an interstate theft syndicate, recovering 464 laptops and tablets worth Rs 4.14 crore. The accused, Azharuddin alias Idris, was nabbed with Rajasthan Police.
VTA Urges PM Modi to Suspend Cash Subsidies Amid Fuel Price Hike
Vidarbha Taxpayers Association urges PM Modi to temporarily suspend cash subsidies due to rising inflation from global tensions and fuel price hikes, impacting transportation and industries.
Punjab Govt: Debt Servicing Exceeds New Borrowing
Punjab finance minister Harpal Singh Cheema reveals the state paid ₹5,845 crore in debt servicing against ₹5,300 crore in new loans, defending fiscal management amid opposition criticism.
CBI Files FIR Against Ex-Navy Captain for Disproportionate Assets
The CBI has filed an FIR against former Navy Captain Raminder Singh Wadhwa for amassing assets disproportionate to his income by 46% between 2010 and 2020.
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PMC to Appoint Contractors for Key Parking Lots
Pune Municipal Corporation will appoint contractors for key parking lots on JM Road and dismantle others after complaints of poor maintenance, fleecing, and lack of development. Activists demand action on encroachments.
TSF Group, Bosch JV for Next-Gen Air Systems
TSF Group and Bosch plan a 50:50 joint venture to develop electronically controlled air systems for commercial vehicles, targeting global truck and bus markets.
AP to Launch Major MSME Energy and Water Efficiency Programme
Andhra Pradesh will launch one of India's largest MSME energy and water efficiency programmes at the MSME Growth Conclave on May 25 in Vijayawada, with CM Chandrababu Naidu as chief guest.
Rupee Depreciation to Boost Profit Margins of Indian IT Firms
The Indian rupee's depreciation to an all-time low of 96.90 against the US dollar is expected to provide a direct tailwind for IT firms' profit margins.
QUAD Township Project to Boost Kerala IT Infrastructure
The QUAD integrated township at Technocity, with Rs 1,600 crore investment, features IT towers, commercial complex, and residential space on 30 acres.
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VEM Technologies Gets Rs 185 Crore from InCred
Hyderabad-based VEM Technologies receives Rs 185 crore growth capital from InCred Alternative Investments to expand defence manufacturing capacity and infrastructure.
Parle Stock Rises After Modi's Toffee Gift to Italian PM
Shares of Parle Industries surged 5% after Prime Minister Modi gifted Parle Melody toffees to Italian PM Giorgia Meloni, sparking unrelated investor interest.
Karnataka Bank Posts Record Annual Profit of Rs 1,310.5 Crore
Karnataka Bank achieved a record net profit of Rs 1,310.5 crore for FY 2025-26, with total business reaching Rs 1,92,118.6 crore. The board proposed a 50% dividend.
Southwest Airlines Opens Innovation Centre in Hyderabad
Southwest Airlines inaugurated its first global innovation centre outside the US in Hyderabad, aiming to scale up to 1,000 tech professionals in areas like AI, data science, and cybersecurity.
Parle Celebrates Modi Gifting Melody Toffees to Meloni
Parle Products lauds PM Modi for gifting Melody toffees to Italian PM Giorgia Meloni, highlighting the rise of Swadeshi brands on global platforms.
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Reliance Industries Shares Surge 3%, Market Cap Jumps Rs 50,688 Cr
Reliance Industries shares rose nearly 3% on May 20, boosting market valuation by Rs 50,688 crore to Rs 18,40,086.95 crore. The stock closed at Rs 1,359.70 on NSE.
Delhi HC Refuses to Stall Apple Antitrust Case in India
The Delhi High Court refused to pause India's antitrust case against Apple, directing the company to cooperate fully with the CCI's investigation into its App Store practices.
Dr Raman Garg's Patient-First Philosophy in Gastro Care
Dr Raman Garg brings advanced laparoscopic surgery from narrow lanes of Punjab to Bombay Gastro Cancer Institute, Bathinda, with a patient-first approach.
Real Estate Networking Transformed by Talk Shows
Real estate networking is evolving as talk shows and podcasts reshape how professionals connect, share insights, and build business relationships in the property sector.
NKN Media Boosts Growth via Strategic Intellectual Properties
NKN Media is accelerating its expansion through strategic flagship intellectual properties, aiming to strengthen its market position and drive revenue growth.
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NCLT Orders Tea Post to Credit Share Sale Income to Tea Station
The NCLT has directed Tea Post Pvt Ltd to revert share allotment gains to parent Tea Station Pvt Ltd and distribute among shareholders within three months.
Trump Stock Disclosures Spark Heated JD Vance Exchange
Vice President JD Vance snapped at journalists over questions about Donald Trump's stock trading disclosures, which revealed over 3,700 transactions in three months, many involving companies Trump publicly praised.
Ola Electric Q4 Revenue Hits Rs 265 Crore
Ola Electric's Q4 revenue from operations reached Rs 265 crore, marking significant growth. The company focuses on expanding its electric vehicle market presence.
Pune Firm Tests 300km Suryastra Rockets Off Odisha
NIBE Limited successfully fired EXTRA and Predator Hawk Suryastra rockets with 150km and 300km ranges from Odisha. The trials achieved high accuracy, boosting India's indigenous defence capabilities.
Airbus: Fighter Project Collaboration Outside Core Warplane
Airbus has announced that its collaboration on a new fighter jet project is progressing, but the work is being done outside its core warplane business. The company is partnering with other European firms.
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Small Defence Supplier to Missile Ambitions: Stock Surges
A small defence supplier's sudden missile ambitions have caught investor attention, driving its stock to new heights. Learn about the company's transformation and market impact.
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