Akriti Chopra, co-founder and Chief People Officer (CPO) of Zomato, has resigned from the food-tech company after a 13-year journey. Zomato made the announcement via a regulatory filing, with Chopra’s resignation taking effect on September 27, 2024. She was instrumental in shaping the company, especially in its early days, and played a key role in Zomato’s legal and finance functions…
Noida, a city known for its affordable housing options, has recently seen a sharp rise in the launch of ultra-luxury apartments priced above ₹5 crore. This shift has left many potential homebuyers and investors asking: Why are developers now targeting the high-end market in Noida?
Key Factors Driving the Trend:
1. Infrastructure Boom:
The forthcoming Noida International Airport is a…
Netflix India is currently under investigation by the Indian government for alleged visa violations, tax evasion, and claims of racial and gender discrimination. The investigation marks a significant scrutiny of the streaming giant’s operations in one of its key markets, as the Indian authorities probe the company’s compliance with local laws and business practices.
Visa and Tax…
The Supreme Court recently dismissed Vodafone Idea and Bharti Airtel’s plea seeking a review of their adjusted gross revenue (AGR) dues. The telcos argued that errors in calculating their dues needed correction, which, if not addressed, could severely impact their financial health. This verdict marks another blow to Vodafone Idea, which has struggled to stay afloat amidst mounting debts and…
In a move reflecting growing celebrity interest in the stock market, Bollywood actress Madhuri Dixit has invested ₹1.5 crore in Swiggy, the food delivery giant, ahead of its highly anticipated initial public offering (IPO). This significant investment comes at a time when Swiggy is preparing to raise over $1 billion (approximately ₹8,389 crore) through its market debut later this…
Starbucks is facing a major challenge in India, as homegrown coffee brands like Blue Tokai and Third Wave Coffee have rapidly gained popularity among consumers. Despite being one of the first international coffee chains to enter the Indian market, Starbucks has struggled to match the expansion rates of these domestic brands.
While Starbucks has opened over 340 outlets in India in the last…
South Korea’s tech giant LG Electronics is gearing up for a landmark financial move by planning an initial public offering (IPO) of its Indian subsidiary. The potential offering, which could raise as much as $1.5 billion, signals LG’s intention to further tap into India’s booming consumer electronics market and strengthen its global growth trajectory.
To navigate this ambitious IPO…
Yes Bank (Banking ), once one of India’s most promising private lenders, faced a significant crisis in 2020 due to its aggressive lending practices and mounting non-performing assets. The Reserve Bank of India (RBI) had to intervene, and a restructuring plan was implemented with the support of the State Bank of India (SBI) and other private lenders. Fast forward to 2024, and the bank is…
The Indian real estate sector, already weathering economic headwinds, is now grappling with a significant manpower crisis. According to industry reports, labor shortages have intensified post-pandemic, forcing developers to offer higher wages and additional incentives to attract and retain skilled workers. This shortage is not confined to one area; it’s a national issue that’s hampering…
Samsung Electronics is set to lay off over 200 executives from its Indian operations as part of a broader cost-cutting initiative to navigate the challenging smartphone market and increase operational efficiency. This decision impacts approximately 9-10% of its managerial workforce, marking a significant downsizing effort amidst declining sales and fierce competition.
The layoff will affect…
