business

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business … Read more

Amazon is laying off around 200 employees in its Fashion and Fitness group in the US, according to a Business Insider report. The company confirmed the layoffs, which primarily impacted employees based in San Diego, a group also known internally as F2. This decision follows a restructuring effort to optimize team structures for better innovation … Read more

A former CEO and one of his top executives with an Ohio energy company at the center of a $60 million bribery scheme have been indicted on racketeering charges, federal prosecutors announced Friday. The former FirstEnergy Corp. executives — ex-CEO Chuck Jones and Senior Vice President Michael Dowling — were accused of taking part in … Read more

Everest Group, a global research and analysis firm, appointed Jimit Arora as its new Chief Executive Officer (CEO), according to a press release. Jimit Arora is set to replace Peter Bendor-Samuel, who served as the founder and CEO of the firm since 1991, effective February 1, 2025. The Dallas, United States-based firm also said Peter … Read more

Wipro Ltd and Tech Mahindra Ltd ended 2024 on a weak note with sequential revenue declining in the third fiscal quarter, implying that the worst is not yet behind for the two software services providers that saw revenue contract in the previous financial year. On Friday, Bengaluru-based Wipro reported a sharper dip in business compared … Read more

Jio Financial Services Q3 Results: Jio Financial Services Ltd on Friday said its consolidated profit remained flat at ₹295 crore for the third quarter ended in December 2024. The company had earned a consolidated net profit of ₹294 crore in the same quarter of the previous fiscal, Jio Financial Services said in a regulatory filing. … Read more

Bangalore-based IT firm Wipro Ltd’s voluntary attrition rate was at 15.3 per cent in the October to December quarter of the financial year 2024-25. The attrition rate was at 14.2 per cent in the same period in the previous financial year, according to the company’s BSE filing on Friday, January 17.   The company announced … Read more

The Securities and Exchange Board of India (Sebi) has opposed an appeal filed by Kirloskar Oil Engines Ltd (KOEL) in the Securities Appellate Tribunal (SAT) challenging the regulator’s advisory to the company to disclose the Deed of Family Settlement (DFS).  Sebi’s advisory is an administrative order and an appeal against it is not maintainable, senior … Read more

Prime Minister of India, Narendra Modi, on Friday, Janaury 17, approved the allocation package of ₹11440 crore for the revival of the State-owned Rashtriya Ispat Nigam Limited (RINL), according to the Union Minister Ashwini Vaishnaw.  “Honorable Prime Minister Shri Narendra Modi ji has approved a package of ₹11,440 crore rupees for the revival of Rashtriya … Read more

According to the proposal, liquor orders will be based on a company’s sales figures that will first be normalised as a percentage of the total in each region and then weighted accordingly. Only brands registered with the Delhi excise department will be included in the calculation. The objective is to give consumers in the national … Read more