Gautam Adani loses over $8 billion in net worth and drops out of the top 10 list of richest people.

Gautam Adani

As shares of listed Adani Group firms moved sharply to the downside, Gautam Adani’s net worth continued to suffer. The business tycoon lost $8.21 billion on Monday, dropping from seventh to eleventh on the Forbes Billionaires list after having previously been in seventh place. The richest Indian and Asian in the world, billionaire Gautam Adani, … Read more

‘Hilarious beyond belief’: Adani Group’s ‘attack on India’ claim draws jibe from Opposition

Adani Group

The majority of Adani Group companies extended a $51 billion stock selloff as the market started on Monday, suggesting that investors are not generally persuaded by the billionaire’s denial of fraud claims made by American short seller Hindenburg Research. On Monday (January 30), opposition leaders attacked Adani Group’s assertion that the fraud charge made against … Read more

Air India CEO Campbell Wilson: Finalising a historic order of new aircraftAir

Air India CEO Campbell Wilson: Finalising a historic order of new aircraftAir

On January 27, 2022, the Tata group took over management of Air India from the government. Air India stated that it is “finalising a historic order of new aircraft to power future expansion” on its list of significant projects. The accomplishments of Air India during the previous year, according to CEO Campbell Wilson, have been … Read more

Relaunch of Zomato Gold! Free deliveries, VIP access & more; Know benefits, price, other details

Relaunch of Zomato Gold! Free deliveries, VIP access & more; Know benefits, price, other details

Zomato has redesigned its Gold loyalty programme, giving customers discounts and exclusive access. The Gold customers will receive free deliveries in addition to food delivery discounts of up to 30%. Additionally, the business has announced dining discounts of up to 40%. The popular food delivery service Zomato has brought back its Gold loyalty programme to … Read more

Ford Motor plans to layoff up to 3,200 employees across Europe

Ford Motor plans to layoff up to 3,200 employees across Europe

Ford previously cut 3,000 jobs, mostly in the United States, in the second half of last year. Jim Farley, the CEO, wants to improve revenues from conventional internal combustion engine models by $3 billion in order to pay for the $50 billion he is investing in the development of electric vehicles. Following labour reductions in … Read more

Spotify joins the wave of layoffs, plans to reduce staff beginning this week

Spotify plans to cut personnel starting this week, joining the tsunami of layoffs

38 employees from Spotify’s Gimlet Media and Parcast podcast studios, as well as the podcast editorial crew, were let go in October. The massive music streaming company employs about 9,800 people, according to its third-quarter financial report. According to reports, Spotify Technology SA is preparing layoffs this week in order to reduce expenses. This will … Read more

Mbappe wins hearts as PSG star inspects ‘idol’ Ronaldo’s bruise during thrilling friendly against Riyadh XI

Mbappe wins hearts as PSG star inspects 'idol' Ronaldo's bruise during thrilling friendly against Riyadh XI

During an exciting exhibition match versus Riyadh XI, Mbappe wins hearts as the PSG star examines “idol” Ronaldo’s bump. Lionel Messi and Cristiano Ronaldo faced off against each other for the first time since December 2020 in a friendly match that PSG won 5-4 over a combined XI of Al-Nassr and Al-Hilal players. Fans were … Read more

Budget 2023 expectations: National Logistics Policy implementation, tax sops for manufacturing sector and more

Budget 2023 expectations: National Logistics Policy implementation, tax sops for manufacturing sector and more

The logistics industry has requested significant tax breaks, financial incentives, and a change to the inverted duty structure in the eagerly awaited Union Budget 2023. The impending Union Budget 2023 will be the last full-year budget for the Narendra Modi administration before the 2024 Lok Sabha elections. The logistics industry has requested significant tax breaks, … Read more

Microsoft to cut over 10,000 jobs; engineering, human resource division to be impacted

Microsoft to cut over 10,000 jobs; engineering, human resource division to be impacted

According to estimates, Microsoft Corp. is considering eliminating 11,000 jobs, or around 5% of its total staff. The corporation intends to reduce the number of engineering divisions through new rounds of layoffs, according to the article. According to news reports, Microsoft Corp. wants to remove thousands of employees, some of which are believed to be … Read more

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