In line with the recent speculations, Board of Adani Enterprises (AE) has approved raising of further equity from public (FPO) aggregating up to Rs 20,000 crore. Proposal is subject to the existing shareholders’ approval which should not be a challenge given it’s shareholding structure – at September 2022 end, promoters held 72.62%, FIIs 19.12%, DIIs … Read more
More than 1,400 Twitter employees signed up to Blind in the past month, its co-founder told Insider. About 95% of Twitter’s workforce is now on Blind, Kyum Kim said. Users of the anonymous professional network can only review the company they work for. Twitter employees have been flocking to Blind, the anonymous professional network, since … Read more
US home sales are extending declines as Federal Reserve tightening boosts mortgage rates. That has helped tame inflation, which is now retreating from four-decade highs. But a housing market slowdown also increases the risk of a recession. Housing could be about to become a key policy puzzle for the Federal Reserve. Market activity has fallen … Read more
SBI Cards has informed that, it’s Chief Risk Officer (CRO) Ms Aparna Kuppuswamy has resigned from the services of the Company. Reason for resignation – has not been informed. Last date at the Company – February 10, 2023 Any reason for being concerned? CRO is an important position in an NBFC. However, given the overall … Read more
In a surprise announcement, Nykaa announced the resignation of it’s CFO Mr Arvind Agarwal. Arvind had joined Nykaa in July 2020. Reason for his resignation – “to pursue other opportunities in the digital economy & start-up space” Who is replacing him – no one has been announced yet. It seems that his resignation has come … Read more
Mohit Gupta, the co-founder at Zomato for last 4 and half years has resigned. Reason for Mohit’s exit – no clarity Where is he going – no one knows Is Zomato concerned – atleast not publicly. They didn’t even designate him as a Key Managerial Person (check the company disclosure in the source link). This … Read more
In the past few weeks, a number of high-profile US tech companies have announced layoffs. Meta is laying off 11,000 workers and Amazon 10,000. The ongoing purge at Twitter could see its employee base of 7,500 shrink by about 75%. About 42,000 workers in US tech companies lost their jobs in November alone, according to … Read more
Shriram Housing finance (SHF) is a 85% subsidiary of Shriram City Union Finance (SCUF). SHF’s MD & CEO, Ravi Subramanian has informed the following – They are looking to grow both organically and inorganically Organically, the Company clocked a 54% year-on-year loan asset growth to Rs 6,546 crore at the end of September 2022 and … Read more
Even though Elon Musk has been at the receiving end of criticism with the abrupt layoffs, mass resignations at Twitter and the blue tick row, an Indian businessman has come to the defence of the billionaire. RPG Enterprises chairman Harsh Goenka believes that Elon Musk is ahead of his time and people ought to give … Read more