Business news
- Business
Indian SaaS firm Freshworks lays off 90 employees
New Delhi: Indian software-as-a-service (SaaS) company Freshworks has laid off nearly 90 employees, or 2 per cent of its total workforce, citing rough global conditions behind the move. The company’s Founder and…
- Business
IndiGo seeks final approval from DGCA to wet lease B777 aircraft
New Delhi: After receiving in-principle approval for inducting B777 aircraft on a wet lease basis from the Ministry of Civil Aviation (MOCA), IndiGo has now applied for final approval from the aviation…
- Business
ICAO rejects Spicejet’s audit story
New Delhi: Days after the budget airline SpiceJet claimed that its safety processes were found to be strong during an exhaustive audit by the International Civil Aviation Organisation (ICAO), the UN’s civil…
- Business
Creditors seek part-repayment of $1.2 bn loan given to BYJU’s
New Delhi: In seemingly fresh trouble for BYJUs, some lenders have asked the edtech unicorn to repay part of a $1.2 billion loan they recently bought into as they renegotiate terms of…
- Business
BHU to study impact of Kashi Vishwanath Dham on economy
Varanasi: The Banaras Hindu University (BHU) in Uttar Pradesh’s Varanasi will now conduct a qualitative and scientific study into the impact of the revamped Kashi Vishwanath Dham in different sectors. The economics…
- Business
Sitharaman to reply on discussion over demands for grants in LS
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday will reply to the discussion on the demands for grants for the current fiscal and demands for excess grants for 2019-20 in the Lok…
- Business
Goldman Sachs plans to lay off hundreds of employees: Report
San Francisco: Global investment bank Goldman Sachs is reportedly planning to lay off hundreds of employees at its consumer business. The company’s decision to cut jobs comes after chief executive David Solomon…
- Business
Online education company Pluralsight lays off 400 employees
San Francisco: Online education company for developers and IT professionals, Pluralsight, which was recently valued at more than $1 billion has announced to lay off 20 per cent of its global workforce,…
- Business
Mounting losses, seller woes spell trouble for Flipkart, India’s highest cash-burning startup
New Delhi: As recent reports claim how Walmart-backed Flipkart processed more orders than any of its rivals during the festive sales, these figures conceal the enormous financial loss that Flipkart has sustained,…
- Business
Google Doodle celebrates ‘The Sun Queen’ of solar energy
San Francisco: Maria Telkes, nicknamed “The Sun Queen”, one of the first pioneers of solar energy who believed the power of the sun could change human lives, is the subject of Monday’s…
- Business
Global govt IT spending to hit $589 bn next year
Delhi: Global government IT spending is likely to reach $588.9 billion in 2023, an increase of 6.8 per cent from 2022, a report showed on Monday. Software will be the highest growing…
- News
Samsung Galaxy S23 series to feature 8K 30fps video recording
San Francisco: Tech giant Samsung’s upcoming next-generation flagship smartphone series, Galaxy S23, will reportedly feature 8K 30fps video recording. A reliable source regarding Samsung-related stuff gave the information, reports GSMArena. Previously, it…
- Business
Tax collections up by 24% in current fiscal year-on-year
New Delhi: Net tax collection in 2022-23 was 24.26 per cent higher than the net collection for the corresponding period of last year. With this, 61.79 per cent of the budget estimates…
- Business
BharatPe CEO enjoying life with money I raised but fails to grow company: Ashneer
New Delhi: Despite Delhi High Court’s order to restrain from making defamatory statements against the company and its executives amid the ongoing Rs 88.6 crore fraud case, former BharatPe Co-founder and Managing…
- Business
B’desh asks banks to relax LC margin rate for essential food items
Dhaka: In the wake of soaring inflation, the central bank of Bangladesh has instructed all the commercial banks in the country to relax the opening margin rate for the settlement of Letters…
