Companies
Indian-origin CEO who fired 900 on Zoom call takes time off after widespread outrage
On Dec 1 over a Zoom call that lasted less than 3 minutes, Garg abruptly fired more than 900 employees, about 9% of the company's workforce
Paytm gets scheduled bank status
While a payments bank cannot access the call money market or the interbank line, a scheduled bank can
Oriental weighs options in resizing network
OIC CMD Anjan Dey asked the officers to identify profitable products and lines of business, besides improving the claim settlement ratio
Airlines, airports suffer Rs 20K cr losses
In the pandemic year of FY21, airlines are estimated to have incurred loss of about Rs 19,564 cr and airports losses of Rs 5,116 crore
Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India
The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon
Shriram Group puts succession plan in place
The board members have been appointed by Shriram Ownership Trust (SOT), which will function as the promoter group
RBI appoints advisory panel to assist R-Cap administrator
The members: Sanjeev Nautiyal, ex-deputy MD, SBI; Srinivasan Varadarajan, ex-deputy MD, Axis Bank, Praveen P. Kadle, ex-MD&CEO, Tata Capital
Ather starts second factory
Ather is setting up a second plant near its existing facility at Hosur in Tamil Nadu to ramp up its capacity to 4,00,000 units a year
India’s anti-money laundering agency summons Amazon
We are in receipt of summons issued by the ED in connection with the Future Group, an Amazon spokesperson said
Paytm Q2 loss widens to Rs 473 crore
Shares of the company closed at Rs 1,781.15 apiece, down by 0.86 per cent on the BSE on Friday