Page 40 - Companies

Amazon to lay off 10K employees amid 'largest job cuts' in firm's history

The job cuts are expected in Amazon's devices organization, including the voice-assistant Alexa, as well as in its retail division and in human resources

Leading insurance companies under GST scanner for alleged fake invoicing

Notices have also been issued to vendors of these companies

Elon Musk publicly punishes Twitter engineers who call him out online

Musk's changes have led to a lack of communication internally in terms of who is in charge and what the company's priorities are, current and former staffers say.

Balenciaga joins other brands in quitting Twitter after Musk's takeover

Other companies have paused advertising on the platform, including General Motors, Volkswagen, Pfizer and General Mills.

Economic uncertainty a threat for flexi-work model: LinkedIn research

71% of business leaders surveyed in India want employees to work more frequently from office, instead of WHF. Despite this, 82% believe hybrid working is here to stay for the longer term

Paytm on path to profitability; Oct loan disbursement up 387% YoY: CEO

Merchant subscriptions driving higher payment volumes, says Vijay Shekhar Sharma

Elon Musk now lays off 4,400 contractual workers at Twitter: Report

Contractors aren't being notified at all, they're just losing access to Slack and email. Managers figured it out when their workers just disappeared from the system, tweeted Platformer's Casey Newton

Tata Sons start process to bring all its airlines under one roof: Report

The expected merger is set to happen within a month of the Tata group completing the consolidation of Air India Express and AirAsia India

Prakash Subramanian joins hedge fund Millennium Capital as India CEO

US-based company is looking to invest in India and is building a new management team in the country

Venture Catalysts says it has funded 54 start-ups at over $50 mn valuation

Individual valuations of at least two dozen companies have crossed $100 million, says investment firm

Kalrock Capital says raids on promoter will not impact Jet revival

'Florian confirms that neither Kalrock Capital Partners nor Jet Airways have any connection with these ongoing investigations, or the charges made thereunder'

Infosys circulates three-phase work-from-office plan internally: Report

This is in line with its Chief Executive Officer (CEO) Salil Parekh's announcement in October that the company will continue its flexible approach in calling the employees back to the office

Twitter to enable organisations to identify their associated accounts: Musk

"Rolling out soon," Musk in a tweet on Sunday said. "Twitter will enable organizations to identify which other Twitter accounts are actually associated with them."

BYJU's expects 3-fold revenue growth, losses halved in FY 2022: Official

Edtech major BYJU's expects to register a three-fold growth in revenue and losses to be halved in financial year 2022, according to a top company official. BYJU's Founder and CEO Byju Raveendran, at a startup event on Friday, also defended roping in football star Lionel Messi as its global ambassador amid job cuts at the company, saying the decision was taken six months ago. "Addressing a gathering of entrepreneurs and investors at Tech Sparks 2022, Raveendran said that the company with over 150 million learners, is well on its path to profitability as it expects revenue growth of 3 times and losses to be more than halved in FY'22," as per an excerpt of the event shared by BYJU's with PTI. BYJU's had booked a loss of Rs 4,588 crore and revenue of Rs 2,428 crore for the fiscal year ended March 31, 2021. BYJU's co-founder Divya Gokulnath had announced laying off around 2,500 people from the company as it chalks out a path to profitability by March 2023 and hires 10,000 more teachers

Adani Power Q2 results: Revenue rises 36%, net profit at Rs 696 crore

Consolidated revenue in Q2 rose 36 per cent year-on-year (YoY) to Rs 7,044 crore due to improved tariff realisation and higher one-time income of Rs 771 crore

Active companies in India close to 15,00,000, registrations fall in Sept

The Finance sector showed a small rise of 0.9 per cent in the number of active companies

Road ahead for Tata Motors depends on the pace of volume recovery

Tata Motors reported a 30 per cent year-on-year (YoY) growth in revenues while operating profit saw a 35 per cent jump

Mobility solutions provider Automovill raises Rs 2.15 cr in funding

Company offers services for car owner, has presence in 20 cities and caters to 150,000 customers

Most CEOs in India seek cyber-risk management plan next year: PwC study

One in four companies worldwide has suffered data breach that cost millions of dollars

Amazon, TVS Motor announce arrangement to scale up EV deployment

Companies will examine using electric vehicle for the network and logistical requirements of Amazon business groups