Embattled Byju’s links sales employees’ salaries to weekly revenue generation
New Delhi, May 2 (IANS) Embattled edtech platform Byju’s, which is finding it difficult to pay full salaries amid severe cash crunch, has now linked sales employees’ pay to weekly revenue generation. The new company policy is currently applicable to sales teams, including the Inside Sales (IS) and Byju’s Exam Prep (BEP) teams, according to […]
Girish Mathrubootham steps down as Freshworks CEO, to spend more time in India
New Delhi, May 2 (IANS) Girish Mathrubootham, the CEO of Nasdaq-listed company Freshworks, on Thursday announced to step down from his current position and transition into the role of Executive Chairman. In a post on X social media platform, Mathrubootham said that he is announcing a new chapter in the company’s story and his career. […]
Decline in battery costs boosting green energy projects: ICRA
New Delhi, May 2 (IANS) The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, including large hydro, to 40 per cent of the all-India electricity generation by FY2030 from less than 25 per cent currently, driven by the large capacity addition under way, credit […]
Adani Port & SEZ clocks 50 pc jump in net profit in FY24, to reach 500 MMT cargo volumes in 2025
Ahmedabad, May 2 (IANS) Adani Ports and Special Economic Zone (APSEZ) on Thursday announced a 50 per cent jump in net profit at Rs 8,104 crore for FY24, reaching a record volume of 420 MMT (million metric tonnes) in the period which is 24 per cent growth (year-on-year). The revenue for FY24 grew by 28 […]
India’s manufacturing sector keeps up robust growth pace in April: HSBC survey
New Delhi, May 2 (IANS) India’s manufacturing sector continued to grow at a robust pace in April on the back of strong demand although it was a tad lower than the record-high that it touched in March, according to an HSBC survey released on Thursday. India has emerged as world’s fastest growing major economy fuelled […]
Food-agri startup Fresh From Farm raises funds, aims to reach Rs 100 crore ARR
New Delhi, May 2 (IANS) Food-agri startup Fresh From Farm (F3) on Thursday said it raised $2 million in a pre-series A round with participation from VC firm Inflection Point Ventures. The funds will be utilised for team expansion, tech enhancement, and to introduce new product lines, said the startup. Fresh From Farm takes charge […]
10,000 London cabbies sue Uber for millions over taxi-booking rules
London, May 2 (IANS/DPA) A group of more than 10,000 black cab drivers is suing Uber after accusing it of breaching taxi-booking rules in London, in a move which could cost the ride-hailing giant more than $313 million. A group action claim has been filed in the High Court over Uber’s operations in the capital […]
PSU stocks among top gainers in trade
Mumbai, May 2 (IANS) PSU stocks were making strong gains on Thursday with the sectoral index up by 1.7 per cent. Among the PSU stocks, MOIL is up more than 8 per cent, PFC is up more than 6 per cent, BHEL is up more than 4 per cent, BPCL is up more than 4 […]
Report on CEO & MD Sandeep Bakhshi wanting to quit is baseless: ICICI Bank
New Delhi, May 2 (IANS) ICICI Bank on Thursday denied a media report that its CEO and MD Sandeep Bakhshi wants to quit his position. In a stock exchange filing, ICICI Bank said the report about Bakhshi wanting to be relieved as MD and CEO owing to a personal emergency is “baseless”. “We would like […]
IT firm Cognizant’s headcount drops by over 7,000 in Q1 this year
New Delhi, May 2 (IANS) Information technology firm Cognizant’s headcount has dropped by more than 7,000 in the first quarter (Q1) of 2024 when compared to the same quarter of last year. In its first-quarter results (January to March), the company mentioned that headcount was 344,400 at the end of Q1. Cognizant follows the calendar […]
