India

21 Nov

Citigroup cuts 300 senior manager roles in latest rejig

Priyanka BhowmickBusiness, IndiaBusiness

Citigroup Inc. is eliminating more than 300 senior manager roles as part of CEO Jane Fraser's efforts to simplify the Wall Street giant. On Monday, the company began announcing cuts — which affect those employees below Fraser's executive management team at two levels, according to a person familiar with the matter. They made up about 10% of employees at that level, according to the person who told employees not to be identified for discussing the information. "Today we shared with our colleagues the next level of change across many of our businesses and functions as we align Citi's organizational structure…

20 Nov

Dhoom director Sanjay Gadhvi passes away

Priyanka BhowmickEntertainment, IndiaEntertainment

"Dhoom" director Sanjay Gadhvi died at his residence here on Sunday morning, his elder daughter Sanjina said. He was 56.Gadhvi, who was three days away from his 57th birthday, is best known for directing two blockbuster hits in Yash Raj Films' "Dhoom" franchise – "Dhoom" (2004) and "Dhoom 2" (2006). According to Gadhvir's daughter, the director was "completely healthy". "He died at his residence at 9.30 am . We are not sure what it is, but it is probably a heart attack. He was not sick, he was perfectly healthy," Sanjina told PTI. Gadhvi made his directorial debut in 2000…

20 Nov

Edtech unicorn PhysicsWallah cuts 120 jobs

Priyanka BhowmickBusiness, IndiaBusiness, india

Edtech unicorn Physicwallah let go about 120 employees after a performance review, in what comes as the first instance of layoffs at a company that earned a unicorn tag last year. "At PW, we regularly evaluate performance through mid-term and end-term cycles. For the cycle ending in October, 70 to 120 individuals—less than 0.8 percent of our workforce—with performance concerns may be asked to transfer…, ” said Satish Khengre, CHRO, PW, in a statement. Entrackr first reported the development that a cost-cutting exercise within the company had initiated layoffs. Physicswallah follows a series of other Indian edtech companies, including Byjus,…

18 Nov

IndiGo surpasses milestone of 2000 daily scheduled flights

Priyanka BhowmickBusiness, IndiaBusiness, india

IndiGo is the first Indian carrier to have more than 2,000 scheduled or planned flights daily. The Rahul Bhatia-founded airline, which started flights on August 4, 2006, became the first Indian carrier in December 2017 to operate 1,000 flights a day, taking more than 11 years for the budget carrier to reach that milestone. The second 1,000 came much faster in just six years, despite the bitter feud between the airline's two founder-promoters and then Covid in this period. The airline has been able to benefit from the tailwind of the fact that India has seen a rapid recovery in…

18 Nov

Amazon.com to cut ‘several hundred’ Alexa jobs

Priyanka BhowmickBusiness, IndiaBusiness, india

Amazon is cutting jobs in the Alexa division and laying off "several hundred" employees. Those to be laid off will include employees working in the artificial general intelligence team. The development comes a week after the company cut jobs in music and gaming divisions as well as some human resources roles. Daniel Rausch, Amazon's vice president of Alexa and Fire TV, informed the team of the layoffs on Friday (Nov. 17). He said the company is going to focus its resources on generative AI Read his letter to employees:Team,We’re really encouraged by the progress we’re making with Alexa: customers are…

17 Nov

Apple To Adopt RCS Messaging For iPhone In 2024

Priyanka BhowmickBusiness, IndiaBusiness, india

iPhone users are now set to be friends with Android users on iMessage, as Apple has announced its decision to adopt the Rich Communication Services (RCS) messaging standard. This move paves the way for a unified messaging experience across the platform, allowing Android users to enjoy the full suite of iMessage features. Apple made the strategic decision to integrate the RCS messaging standard into its messaging platform in response to the European Union's Digital Markets Act and regulatory pressure from competitors such as Google and Samsung, 9 to 5 Mac reported. Apple will implement the feature in late 2024 through…

16 Nov

Elon Musk denies report of Starlink IPO plans

Priyanka BhowmickBusiness, IndiaBusiness, india

Elon Musk on Wednesday denied a report that his rocket company SpaceX is discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024.He called it "false" in response to a post on social media platform X that shared a Bloomberg News report that SpaceX is moving the unit's assets to a wholly-owned unit that will eventually be shut down.The billionaire entrepreneur had previously said he wanted to list Starlink when revenue growth and cash flow became smooth and predictable. Earlier this month, he said Starlink had achieved a cash-flow breakeven. SpaceX is worth an…

14 Nov

Badshah pens note after hand-in-hand pic with Mrunal Thakur goes viral

Priyanka BhowmickEntertainment, IndiaEntertainment, india

Mrunal Thakur and Badshah made headlines recently when they attended Shilpa Shetty's star-studded Diwali party on November 10. In a video of the event that went viral, the two were seen holding each other's hands as they left the party. After the clip surfaced, it sparked rumors that the two were dating. However, Badshah has now responded to the rumors with a funny message on Instagram. On Tuesday morning, November 14, Rapper Badshah shared a note on his Instagram Stories. He wrote that he's sorry for letting the internet down, but not everyone is thinking. He did not directly mention…

14 Nov

Tata Steel to scrap 800 positions in Netherlands

Priyanka BhowmickBusiness, IndiaBusiness, india

Tata Steel's Dutch division said on Nov. 13 that it would cut about 800 jobs at its IJmuiden plant in an effort to boost profitability. Tata currently employs about 9,200 people in IJmuiden on the Dutch coast, 30 kilometers (19 mi) west of Amsterdam. "Despite all efforts by Tata Steel to improve its market position and reduce costs, more needs to be done," the company said in a statement. "Also in light of the transition to a cleaner company, where significant investments have been made and will be made." The restructuring would mainly affect managerial and support staff, and was…

11 Nov

Falu’s ‘Abundance in Millets’ inspired by PM Modi nominated for Grammy

Priyanka BhowmickIndiaEntertainment, india

In a major surprise, Abundance in Milts, a song featuring PM Narendra Modi has received a nod at the 2024 Grammy Awards. It received a nomination in the Best Global Music Performance category. It was created by Falu and Gaurav Shah. Other nominees in the category include: Vijay Iyer Arooz Aftab and Shahzad Ismaily - Shadow Forces, Burna Boy - Alone, Davido - Phil, Bella Fleck, Edgar Meyer, Silvana Estrada - Milagro y Disastre and Zakir Hussain ft Rakesh Chaurasia - Pashto. Ibrahim Maluf Ft. Simafunk and Tank and Bangus - Todo Colores. An abundance of Millet was created to…