Business
Munsif Daily delivers the latest headlines on business-related stories across India and the globe. Find in-depth information on the world’s economy, financing, stock market, initial public offerings (IPO), the banking sector, and the financial sector of India.
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Wipro lays off over 400 freshers for poor performance
Bengaluru: IT giant Wipro has laid off more than 400 fresher employees for poor performance in internal assessment tests. The…
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Swiggy lays off 380 employees as food delivery growth slows
New Delhi: Online food delivery platform Swiggy on Friday confirmed that the company is laying off 380 employees as food…
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PhonePe raises $350 mn at $12 billion valuation
Bengaluru: Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global…
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Road safety body IRF urges FM to waive GST on helmets
New Delhi: Road safety body International Road Federation (IRF) wrote a letter to Union Finance Minister Nirmala Sitharaman, demanding removal…
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Airtel to set up hyperscale data centre in Hyderabad
Hyderabad: Bharti Airtel Group’s data center arm, Nxtra Data Centers will set up a large Hyperscale Data Center in Hyderabad…
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Brand will be ‘all-electric’ in future, says Harley-Davidson CEO
San Francisco: Cruiser bikes giant Harley-Davidson is transitioning to become an all-electric brand in a process that will take decades,…
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Apollo Tyres’ 2nd Digital Innovation Centre to come up in Hyderabad
Hyderabad: Apollo Tyres Ltd has announced the launch of a Digital Innovation Centre in Hyderabad in partnership with the Telangana…
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Over 1,600 tech employees being fired a day on average in Jan
New Delhi: More than 1,600 tech employees are being laid off per day on average in 2023 globally including in…
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‘Gold prices on the upward trend, to touch Rs 60,000/10 gms soon’
Chennai: Gold prices are expected to touch Rs 60,000/10 grams 24-carat shortly with the rates touching Rs 58,550 on Monday,…
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Sacked Amazon employees in India break down, ‘crying in office’
New Delhi: As Amazon announced to lay off 18,000 employees globally including nearly 1,000 in India, reports have surfaced that…
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HDFC Bank Q3 net at Rs 12,259 cr
Chennai: The HDFC Bank closed the third quarter of FY23 with a net profit of about Rs 12,259 crore, the…
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Vodafone plans hundreds of job cuts, biggest in 5 years: Report
New Delhi: Telecommunication player Vodafone is reportedly planning to slash hundreds of jobs, mostly at its London-based headquarters, to cut…
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Auto Expo 2023: Hyundai launches Ioniq 5 EV
Noida: On the first day of the Auto Expo 2023, Hyundai Motor India launched another electric model, the ‘Ioniq 5’, which…
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Go First begins probe, offers free tickets as DGCA holds airline did not comply with rules
New Delhi: Go First on Tuesday said that it has initiated an inquiry into the incident where 55 passengers on its…
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Aluminium industry wants reduction in customs duty on raw material imports
Chennai: A reduction in customs duty on import of critical raw materials while a hike on the import of primary aluminium,…
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BharatPe finally gets RBI nod for online payment aggregator
New Delhi: Fintech platform BharatPe on Tuesday said it has received in-principle authorisation from the Reserve Bank of India (RBI) to…
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Walmart may have to pay $1 bn tax on PhonePe shift to India: Reports
New Delhi: PhonePe shareholders like Walmart and others may have to pay around $1 billion in taxes after the digital payments…
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TikTok owner ByteDance slashes thousands of jobs
Beijing: TikTok’s China-based owner ByteDance has laid off hundreds of workers across multiple departments, the media reported. The layoffs affected employees…
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Dec 2022 GST collections stand at Rs 1,49,507 crore: Govt
New Delhi: The GST collections for December 2022 stood at Rs 1,49,507 crore — 2.5 per cent more than Rs 1,45,867…
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LML to showcase EV Star at AutoExpo
Chennai: Two-wheeler maker LML on Monday said it will showcase its electric model ‘Star’ at the upcoming AutoExpo 2023 near Delhi,…
