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iRobot to lay off 350 employees after Amazon terminates acquisition deal
Business

iRobot to lay off 350 employees after Amazon terminates acquisition deal

San Francisco, Jan 30: iRobot, which makes consumer robots, has announced to lay off around 350 employees -- about 31 per cent of its workforce -- and its founder and CEO, Colin Angle, would also step down. The layoffs came after the Amazon-iRobot $1.7 billion deal was mutually terminated over...
1.14 lakh startups generate more than 12 lakh jobs in India: FinMin
Business

1.14 lakh startups generate more than 12 lakh jobs in India: FinMin

New Delhi, Jan 30: More than 1.14 lakh startups in India have created over 12 lakh jobs so far, the Finance Ministry said in its latest review of the Indian economy. In the report titled, ‘The Indian Economy: A Review January 2024’, the Department of Economic Affairs said that the 1.14 lakh...
Bajaj Finance shares slump more than 4 per cent after quarterly results
Business

Bajaj Finance shares slump more than 4 per cent after quarterly results

New Delhi, Jan 30: Bajaj Finance shares slumped more than 4 per cent on Tuesday on elevated credit costs from B2C businesses and NIM contraction. Bajaj Finance shares are trading at Rs 6855, down 4.63 per cent on BSE. The stock is the top loser in the BSE Sensex. Motilal Oswal Financial...
Mumbai pre-polls
Business

Mumbai pre-polls 'shock' - Tata Power proposes 201% tariff hike for low-end...

Mumbai, Jan 30: In a bolt from the blue ahead of the elections, Tata Power Co. Ltd. has proposed a huge increase in the power rates for Mumbaikars, particularly the lower-end users as part of a tariff rationalisation initiative. The average hike proposed is 12 per cent across all consumer groups...
Check Point unveils new partner programme in new cyber landscape
Business

Check Point unveils new partner programme in new cyber landscape

New Delhi, Jan 30:Cyber security platform provider Check Point Software Technologies on Tuesday launched its innovative new partner programme in the new cyber landscape. With a partner-dedicated business model, the company said that its new partner programme strengthens Check Point's commitment...
Freight through Suez Canal almost halved after Houthi attacks
Business

Freight through Suez Canal almost halved after Houthi attacks

London, Jan 28: Freight travelling through the Suez Canal has almost halved since Yemen's Houthi rebels began attacking cargo ships in the Red Sea, Sky News reported. The key shipping lane links producers in the Asia-Pacific region and Western markets -- and longer, alternative routes have caused...
Piramal Enterprises to sell entire stake in Shriram Investment for Rs 1,440 crore
Business

Piramal Enterprises to sell entire stake in Shriram Investment for Rs 1,440...

New Delhi, Jan 28: Piramal Enterprises has entered into share purchase agreement to sell its entire direct investment of 20 per cent of the fully paid-up equity share capital held in Shriram Investment Holdings Private Limited (formerly known as Shriram Investment Holdings Limited) (SIHPL) to...
Interim Budget unlikely to impact market in a big way, say analysts
Business

Interim Budget unlikely to impact market in a big way, say analysts

New Delhi, Jan 29: Two important events are due this week: the interim Budget and the Fed meeting on rate decision. But these events are unlikely to impact the market in a big way, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The Budget will be a vote on account...
O.P. Jindal Global University sets up new Jindal India Institute to build India
Business

O.P. Jindal Global University sets up new Jindal India Institute to build...

Sonipat, Jan 29: O.P. Jindal Global University (JGU), based in Haryana's Sonipat, has launched a unique, one-of-its-kind Jindal India Institute (JII). It is a strategic think tank housed within a private university for ideationally and intellectually enabling India’s rise in the world by building...
Assam to hold boiler expo to attract investments
Business

Assam to hold boiler expo to attract investments

Guwahati, January 29: The Assam government will host a steam boiler expo in February with an aim to attract industry players for investment in the state, officials said. An official statement mentioned that the event is a dynamic collaboration with industry giants such as Indian Oil Corporation...
Southern Railway closer to loading 41 million ton of goods in FY24
Business

Southern Railway closer to loading 41 million ton of goods in FY24

Chennai, Jan 26: Southern Railway is in line with loading 41 million ton of goods this fiscal, eight per cent higher than that of the previous fiscal, said General Manager R. N. Singh. Speaking at the Republic Day function after unfurling the tricolor at the Railway Stadium here, Singh said:...
UK regulator launches antitrust probe into $19 bn Vodafone-Three UK merger
Business

UK regulator launches antitrust probe into $19 bn Vodafone-Three UK merger

London, Jan 26: The UK’s Competition and Markets Authority (CMA) on Friday launched a formal probe into the proposed $19 billion merger between Vodafone and CK Hutchison-owned Three UK. The CMA now has up to 40 working days to assess the deal as part of a Phase 1 investigation. The regulator...
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