Page 19 - Companies

Edtech giant Byju's lays off nearly 1,000 employees across verticals

According to the company sources, the layoffs are part of the"optimisation" strategy announced last year where the company plans to sack 2,500, or 5 per cent, of its employees

Changes to Competition Amendment Bill likely next week in Budget session

The panel had said that the MCA had not put forth a strong argument as to why IPR could not be used as a defence against the abuse of a dominant position

Reconsider Satyam order: Securities Appellate Tribunal to Sebi

Regulator had fined Ramalinga Raju, others and banned them from market for 14 yrs

Tata Consumer Products gets nod to delist its global depository receipts

Maker of Tata Tea announces net profit of Rs 352 crore

Freightify raises $12 million in series A led by Sequoia Capital

Freightify helps power digital transformation of Freight forwarders through their suite of proprietary products

Govt-recognised startups eligible for angel tax exemption: DPIIT Secy

More than 84,000 DPIIT-recognised start-ups in the country, data shows

Law ministry allows CCI to clear pending mergers without full quorum

16 applications pending; corporate affairs ministry studying proposal, say sources

Hindujas to invest Rs 10,000 crore to raise stake in IndusInd Bank

The Hinduja group has also offered to take over Reliance Capital for Rs 9,000 crore, but its offer is facing litigation from its rival bidder Torrent

Gautam Adani in crisis as bonds hits distressed levels, stock sale axed

Banks either want more collateral for loans, or are scrutinizing the value of the company's debt to lend against

Adani Enterprises decides not to go-ahead with FPO, money to be returned

Given the extraordinary circumstances, AEL's board felt that going ahead with the issue will not be morally correct

Adani rout passes $80 billion as key share sale fails to lift mood

The crisis of confidence plaguing Gautam Adani is deepening, with the selloff in the Adani group shares triggered by Hindenburg Research's fraud allegations rapidly turning into a meltdown

Paypal to cut 2,000 jobs in push to trim costs amid economic slowdown

While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do: Dan Schulman

Amazon India offers 50% referral fee waiver for e-commerce businesses

Businesses pay Amazon referral fees to for facilitating sales on the online marketplace

India bucked slowdown to emerge as global M&A hotspot in 2022: Report

In the country's fourth straight year of a steady increase in strategic M&A, deal volumes hit record levels and deal value rose by 139% in 2022

Mindspace REIT Q3 net dips 13% to Rs 127 cr on higher interest cost

This is despite a 23.4% surge in total revenue to Rs 544 cr in Q3FY23, from Rs 441 crore a year ago

Indian cos see Google's changes bringing China-like ecosystem in India: Rpt

The existence of multiple operating systems in China enables the users to have a wide variety to choose from

Bharti Airtel to increase entry-level tariff in all circles soon: Report

Airtel started raising the entry-level tariff from Rs 99 to Rs 155 on November 21 in Odisha and Haryana

Adani's $2.5 bn FPO faces critical final day amid Hindenburg turmoil

Adani is seeking to execute the landmark share sale just as it refutes allegations by Hindenburg that the Indian conglomerate used a web of companies in tax havens to inflate revenue and stock prices

Adani scandal puts India stock regulators' reputation on the line

India has successfully differentiated itself from other EMs, and even from China, through the transparency of its markets, quality of its markets regulator and its protections for minority investors

AWS reports Rs 745 cr revenue opportunity for businesses harnessing data

Organisations in India that harness the power of data can potentially grow their annual business revenue by 13.6 per cent on an average, which is equivalent to up to Rs 745.1 crore in additional annual revenue in case of large organisations, a new report by Amazon Web Services (AWS) said. Amazon's cloud computing unit, AWS, has also announced the launch of AWS Data Lab in India, a move the company said aims to help more organisations accelerate their data maturity journey. "AWS, an Amazon.com company, released findings from a new research report, which shows that organisations in India that harness the power of data can grow their annual business revenue by 13.6 per cent on average," AWS said adding for large organisations, this is equivalent to Rs 7,451 million in additional annual revenue. According to a statement, the Demystifying Data 2022 report surveyed 521 senior business decision-makers in Indian organisations. It was commissioned by AWS and prepared by Deloitte Access ...