Category: Business
Philips to cut 6,000 more jobs after recall of faulty sleep device
Reuters | | Posted by Ritu Maria Johny Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability…
Uber CEO Dara was ready to reject the job offer until Spotify CEO said this…
Dara Khosrowshahi, who became the CEO of Uber in 2017 and completely transformed the culture, didn’t always want to join the ride-hailing app. The former…
Most Adani stocks drop as rebuttal draws Hindenburg response
Most of Adani Group’s companies extended a $51 billion stock selloff, an indication that the billionaire’s rebuttal of fraud allegations from American short seller Hindenburg…
OnePlus’ familiar smart TV recipe for 55 Y1S Pro, with polished results
There is no dearth of affordable large screen TVs anymore. A stark contrast to the pre-pandemic era, when you must have been watchful about spending…
‘Feels like a bad dream…’: Software engineer after being laid off by Spotify
A now-former employee at Spotify, who got laid off as part of the company’s recently-announced drive to slash 6% of its global workforce, has described…
Why Nirmala Sitharaman’s Budget 2023 likely to avoid populist measures
Union finance minister Nirmala Sitharaman’s Budget 2023, a key deciding factor prior to the 2024 Lok Sabha election, may avoid populist measures. According to an…
Adani Group’s $2.5 billion share sale faces crucial day. Here’s why
For multi-billionaire Gautam Adani, Monday will be a critical day with his flagship company’s $2.5 billion share sale’s second day of bidding overshadowed by a…
‘Fraud cannot be obfuscated by nationalism’: Hindenburg’s response to Adani
Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised, Hindenburg Research said on Monday hours after Gautam…
Here’s why Singapore Airlines is investing in Air India
When the Singapore Airlines Group (SIA) released its operating statistics for December 2022, it revealed that it carried almost 12 per cent more passengers compared…
Budget 2023: Bond yields may rise, rupee upside capped
Indian government bond yields may rise this week as investors prepare for another year of record government borrowing, while the rupee’s rise may be capped…