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Trends
Adidas warns of losses after the cessation of the Yeezy deal with Kanye West; may undergo losses of 1.29 billion USD
The once-profitable collaboration between Adidas and Kanye West, also known as Ye, can cause a massive loss to the sportswear…
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Stories
ExxonMobil to merge business units as part of its cost-cutting plan in 2023, harnesses a vast cash flow in 23 years
Recently, ExxonMobil has highlighted that the established firm is merging some business units as a cost-cutting plan. The initiative could…
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Stories
Moody’s Analytics changes outlooks of 4 Adani firms to negative after the Hindenburg chaos
After the Hindenburg report was released about the Adani Group, Moody’s Investors Service downgraded Adani group’s platform status to negative…
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Stories
Kotak Mahindra bank acquires Sonata finance for Rs. 537 crore; plans to diversify its portfolio
Kotak Mahindra bank has recently announced that the company would purchase sonata Finance for 537 crores INR. The acquisition has…
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Stories
RBI issues “alert list” signalling investors of 48 unauthorized platforms
Recently, the Reserve Bank of India has updated the Alert list on the unauthorized forex trading platforms for the public.…
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Trends
Adani Group’s debt exceeds by 1 percent of the Indian Economy as per the latest reports
Analysis from valid sources shows that the debt owed by the Adani group comprises 1 percent of the Indian economy.…
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Stories
“New day, new round of layoffs”: Yahoo announces layoffs of 20 percent of its employees
Yahoo has joined the bandwagon of the latest round of layoffs and has decided to undergo a restructuring process. Based…
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Stories
Audi India had to reimburse Rs. 60 lakh to an owner of Q7 for faulty brake system, questioning the safety of the utility of the vehicle
Major automakers in the country have managed to escape the aftermath of selling defective products to customers in India over…
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Stories
Google loses $100 million as its new chatbot Bard fumbles
Alphabet Inc., the parent company of Google has lost 100 billion USD in its market valuation after its chatbot named…
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Trends
Disney announces layoff of 7000 employess amidst the declining revenue and loss of subscribers
Disney has planned to lay off 7000 employees across various sectors of the company. The mass media and entertainment-based company…
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