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Rupee falls
Business

Rupee falls 2 paise to close at 81.90 against US dollar as FM Nirmala Sitharaman presents Budget 2023

The Union finance minister maintained the nation’s fiscal deficit objective of 6.4 percent in the Revised Estimate for FY23 and reduced it to 5.9 percent for FY24 in her address on the budget. By 2025–2026, the fiscal deficit, according to her, is to be reduced to under 4.5 percent. Following the presentation of the Union […]

Gautam Adani
Business

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

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, […]

Adani Group
Business

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

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 […]

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

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 […]

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

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 […]

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

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

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 […]

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

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, […]

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

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 […]