Business

17 Mar

TCS CEO Rajesh Gopinathan quits, K Krithivasan appointed as CEO designate

Priyanka BhowmickBusinessBusiness, india

Tata Consultancy Services (TCS) on Thursday said its managing director and chief executive Rajesh Gopinathan has resigned, effective September 15. The company's board has named Krittivasan as CEO-designate effective Thursday. He will take over as managing director and CEO in the next financial year, subject to shareholder approval, the company said in an exchange filing. Gopinathan was elevated in the role of Chief Executive Officer in February 2017 after serving as Chief Financial Officer since the year 2013. In 2022, he was reappointed as MD and CEO for extra five years. Under his leadership, TCS's market capitalization crossed $167.86 billion…

16 Mar

Campa Cola returns! Coke cuts prices of 200 ml bottles? Check new rates

Priyanka BhowmickBusiness, BUSINESSBusiness

Coca-Cola has slashed prices of some of its lowest stock-keeping units in the core state after Reliance Consumer Products Cola relaunched its 50-year-old iconic beverage brand Campa Cola in the cola market. The price cut comes at a time when demand for cold drinks increases as temperatures begin to rise. Amid the buzz of bringing back iconic brand Campa Cola, Coca-Cola has reportedly slashed the price of a 200 ml bottle by Rs 5. The company has reduced the prices of its stock-keeping units in some states, a report said. The development comes after Reliance Consumer Products announced the relaunch…

15 Mar

Bitcoin rises to highest level since June 2022

Priyanka BhowmickBUSINESSBusiness

Bitcoin hit a nine-month high on Tuesday, gaining more than 30% in four days, as global markets fended off chaos after the collapse of Silicon Valley banks last week and hopes that U.S. interest rates won't rise so fast. Bitcoin jumped 9.6% to $26,533, its fourth-highest daily gain since June 2022. US authorities have boosted major cryptocurrencies in recent days by announcing plans to limit Silicon Valley Bank (SVB) from collapsing. The move by US authorities helped stabilize the major USDC stablecoin, whose issuer Circle had $3.3 billion in deposits at SVB. The stability of USDC, the second-largest stablecoin and…

14 Mar

WhatsApp Business app on iPhone may get this feature soon

Priyanka BhowmickBusinessBusiness

Good news for iPhone users, the popular Meta-owned instant messaging app WhatsApp is reportedly working to bring Communities to its WhatsApp Business app for iOS. The platform is likely to add a new entry point for the new feature within app settings, instead of removing the Business Tools tab introduced last year, WABetaInfo reported. With the new feature, businesses will be able to access the full list of communities they've previously joined, including their subgroups and community announcement groups. Furthermore, businesses will be able to create a new community within this category. The new feature will be helpful for businesses…

09 Mar

Surf excel becomes HUL’s first 1 billion brand

Priyanka BhowmickBusinessBusiness, india

Surf, the original market leader in the detergent category, was ousted from the top spot in 1985 by Ahmedabad-based Nirma's namesake brand. This prompted HUL to launch a low-cost wheelie to take on the new rival, occupying the top spot. It held the position from the early 1990s until 2012, when it was superseded by Kanpur-based watch brand RSPL. However, Surf left behind both the wheel and the clock three years earlier. Hindustan Unilever's Surf Excel detergent brand is set to cross $1 billion in annual sales by 2022, becoming the first brand in India to achieve this milestone in…

24 Jan

Helping the Less Fortunate – Dr. Moon’s Philosophy

Business CorrespondentBusinessBusiness

Dr. Moon Chattaraj is, not your run-of-the-mill medical professional. Apart from being a specialist in implantology and prosthodontics, and one of the best in the city, she is also known to be a fabulous entrepreneur who is set to redefine the medical entrepreneurship scene in the city. What sets apart Dr Moon is her passion for excellence – be it in academics or entrepreneurship, she sets a benchmark for the rest in all spheres. This is probably the only reason why one of the co-founders of Emami R.S.Goenka has been her mentor and has guided her all through. Dr Moon…

26 Oct

Internal document reveals Twitter is losing its most active users

Priyanka BhowmickBusiness, BUSINESS, worldBusiness, Elon Mask, Internation, Twitter

Twitter is steadily losing most of its active users to the microblogging platform, according to a Reuters report citing internal Twitter research. According to reports, most of its loyal users have been gradually leaving the platform since the start of the pandemic and have been using it less frequently from that time. According to Reuters, these people, who make up about 10% of the platform's monthly users and Twitter users who check in on Twitter at least six days per week and tweet three to four times per week, generate 90% of all tweets and half of Global revenue of…