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Amazon to Pay Severance to Fired Sonipat Warehouse Workers

May 6, 2023

According to a workers' organisation, Amazon has agreed to pay severance to hundreds of protesting workers at a warehouse site in Sonepat, Haryana. The workers, who were hired through a staffing agency, were laid off once the factory closed.

Amid GoFirst Bankruptcy, AirIndia, Vistara, Indigo Open Recruitment Drive

May 5, 2023

Following the collapse of low-cost airline Go First, Tata Sons-owned Air India, Vistara, and IndiGo have launched recruiting drives for pilots and cabin crew.

Business

Accenture India Chairperson Rekha Menon to Retire next month

May 5, 2023

Accenture India has named Ajay Vij as Country Managing Director, a newly formed position. Sandeep Dutta will take over as CEO of the company's India Market Unit.

Business

Swiggy witnesses two VP level exits with-in a month

May 5, 2023

Swiggy, a food and grocery delivery network, has had two high-level exits in the last month. Ashish Lingamneni, vice president (VP), head of brand and product marketing, quit the company earlier last week after nearly six years.

Business

Gautam Adani Reappointed Adani Group’s Executive Chairman for Five Years

May 5, 2023

Adani Enterprises, which announced its results for the March quarter on Thursday, stated that the board of directors has accepted Gautam Adani's reappointment as the company's Executive Chairman for another five years. The reappointment…

Business

Can see a lot of Indians entering middle class, says Apple CEO Tim Cook

May 5, 2023

Apple CEO Tim Cook feels that "India is at a tipping point for the tech giant, with a lot of people coming into the middle class." He stated on the company's post-earnings call on Friday that Apple saw enormous business opportunity in the…

Business

Price Cuts in EV Market ‘Worrying Trend’: Ford CEO

May 4, 2023

Ford CEO Jim Farley said on Wednesday that price cuts in the electric car market were a "worrying trend," following a price drop for its Mustang Mach-E in response to a series of reductions by rival Tesla (TSLA.O).

Business

Ather, Hero, TVS to refund EV Charger Cost to Customers

May 2, 2023

India's top four electric two-wheeler manufacturers, Ather Energy, TVS Motor Company, Ola Electric, and Hero MotoCorp Ltd, plan to refund customers for the chargers they shipped with their e-scooters, informed sources.

Business

IBM could Replace 7800 jobs with AI: CEO Arvind Krishna

May 2, 2023

International Business Machines Corp (IBM) intends to impose a hiring block for specific roles, as the business anticipates that artificial intelligence (AI) would replace an estimated 7,800 employment in the IT industry.

Business

MMT, Europamundo partner to bring International Package Trips to India Online

May 1, 2023

On Monday, MakeMyTrip announced a partnership with Europamundo, a leading worldwide player in the tourism and travel sector, to provide the latter's international holiday packages in India online.

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