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Companies Page-19

Uber India lays off 600 employees

Uber fired a total of 6,700 employees across the world and with this 25% of its global workforce is now out of job

26 May 2020 1:31 PM

India's Glenmark to test potential covid19 drug combination

Glenmark is already conducting clinical trials in India of just favipiravir as a potential treatment for COVID-19

26 May 2020 12:28 PM

New Zealand's largest media company being sold for just $1 to its CEO

Stuff faced financial challenges before the coronavirus pandemic struck and has since seen advertising revenues plunge

25 May 2020 10:23 AM

Amazon India to hire 50,000 temporary workers as lockdown boosts demand

The temporary hires will work in Amazon’s fulfillment centers and as part of its delivery network

22 May 2020 3:38 PM

Indiabulls sacks nearly 2,000 employees

Some employees of the company have claimed that they received a transfer order as they have not submitted their resignation

22 May 2020 1:14 PM

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Reliance Jio gets 5th deal, KKR invests Rs 11,367 crore for 2.32% stake

The purchase of the 2.32% stake in Jio Platforms for 113.67 billion rupees is KKR’s biggest investment in Asia

22 May 2020 8:55 AM

Rolls-Royce to axe 9,000 jobs

Airlines and their supplies have been among the hardest hit businesses by lockdowns to contain the pandemic

20 May 2020 4:04 PM

Ola decides to downsize and "let go" of 1,400 employees

Revenues declined by 95 per cent in the last two months due to coronavirus pandemic

20 May 2020 2:25 PM

Johnson & Johnson stops selling baby powder in US, Canada

J&J faces more than 16,000 lawsuits from consumers claiming its talc products, including Johnson's Baby Powder, caused their cancer

20 May 2020 9:32 AM

Nasdaq to tighten listing rules, restricting Chinese IPOs

Nasdaq also unveiled some restrictions on listings last year, seeking to curb IPOs by small Chinese companies

19 May 2020 1:30 PM

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Bharti Airtel reports fourth-quarter loss of Rs 52.37 billion

Bharti Airtel seen an increase in data traffic during Covid-19 pandemic

19 May 2020 9:18 AM

Swiggy to lay off 1,100 employees as covid19 hits online food orders

Swiggy is among many that are laying off employees and reshaping their business in response to the COVID-19 pandemic

18 May 2020 4:00 PM

Alibaba's Jack Ma resigns from SoftBank board, to focus on philanthropy

The departure of Ma, who retired as Alibaba’s chairman in September, comes as he pulls back from business roles to focus on philanthropy

18 May 2020 9:43 AM

Coronavirus hits Amazon contractors hard

Amazon's third-party delivery firms which have been struggling amid surging demand for goods and supplies to locked-down consumers

17 May 2020 11:27 AM

Reliance Industries to open Rs 53K crore rights issue for shareholders on May 20

This is India's biggest and the first such issue by the firm in nearly three decades.

16 May 2020 12:08 PM

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Vizag gas leak: LG Chem transport Styrene Monomer inventory to South Korea

The company would continue to work with government agencies to ensure all possible support for bereaved families and victims

14 May 2020 3:52 PM

Mphasis consolidated net profit rises 32.7% in the March 2020 quarter

Its revenue from operations grew 15.8 per cent to Rs 2,346.1 crore in the quarter from Rs 2,024.9 crore in the year-ago period

14 May 2020 12:35 PM

Hyatt to lay off 1,300 employees as pandemic cripples travel

Hyatt said it had also cut pay for senior management, board members and all employees in corporate offices as part of a restructuring

13 May 2020 9:01 AM

Start-ups get creative as coronavirus crisis fuels funding crunch, reinvents businesses to survive economic slowdown

A group of the top venture firms warned startups this month that it will be “very difficult” to raise financing anytime soon

11 May 2020 3:01 PM

Uber reports massive losses, to lay off 3,700 employees

Uber recorded $3.54 billion in total revenue for the first three months of the year, but still posted a $2.9 billion loss in the period

08 May 2020 11:25 AM

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