Saturday, June 3, 2023

Revenue Growth

Meta cuts ties with top Indian executives in final phase of layoff

The year-long layoff saga at Meta appeared to have no end in sight. In its latest development, the company underwent a substantial reduction, resulting in the termination of nearly 10,000 employees, including top Indian Executives. Furthermore, Meta implemented staff...

At Just 28, Austin Russell, a young tech billionaire, buys 82% of Forbes Magazine.

In a deal valued at close to $800 million, Austin Russell, the 28-year-old Chairman and CEO of the automotive technology business Luminar Technologies, has purchased an 82% share in Forbes Global Media Holdings, which produces the Forbes magazine. The Wall...

Unacademy’s CEO, Gaurav Munjal, the company is planning to make a profit at the group level.

Edtech unicorn Unacademy has been talking about approaching profitability for the past six months, despite the fact that the company, which is backed by SoftBank, was among the top companies on the list of unicorns that were generating a...

HCLTech plans to hire 15,000 new graduates.

According to The Times of India, HCLTech has plans to hire 15,000 new graduates in the coming fiscal year (FY24). However, according to the study, during FY23 the corporation brought on more than 27,000 new hires and was responsible for...

Bewakoof earns Rs 160 Cr in FY22, losses quadruple.

In FY22, direct-to-consumer fashion retailer Bewakoof grew by 25% after losing 38% of its scale in FY21 due to the pandemic. The Registrar of Companies' consolidated financial filings show that the Aditya Birla Group-controlled company's operating revenue rose 25.7% to...

MOS Utility Limited Shows Some Considerable Gains on the Lists

MOS Utility Ltd. (NSE: MOS), which began operations in 2009 after being incorporated, is a technology-enabled provider of digital products and services catering to the B2B and B2B2C markets. At a premium of 18.42% over the initial offering price,...

General Atlantic contributes an extra $100 Mn to PhonePe’s investment round.

General Atlantic, which had previously invested $350 million in the financial technology platform PhonePe in January 2023, has contributed an additional $100 million to the funding round for the company. Because of this, the Bengaluru-based decacorn has brought in...

Radhakishan Damani: Founder – Dmart – The Retail King of India

Radhakishan Damani is an Indian businessman and the founder of the retail chain D-Mart. Born on 21st May 1954 in Bikaner, Rajasthan, Damani started his career in the stock market and gained immense knowledge and expertise in the field...

Airbnb reduces hiring due to sluggish growth

Airbnb, the popular online vacation rental marketplace, has announced that it will be reducing its recruiting staff as part of its ongoing efforts to cut costs and streamline its operations. According to sources, the company will be letting go of...
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The path travelled by Narayana Murthy, as recounted in his own words

The main founder of the IT behemoth Infosys is N.R. Narayana Murthy. His clear and consistent policies have produced...
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