Companies

$2.1 billion go missing from Wirecard accounts; scandal-hit firm unable to locate funds

Wirecard CEO Markus Braun resigned on Friday after global market consulting firm EY said the cash, which makes up roughly a quarter of the company's assets, could not be located.

Jun 22, 2020

Nokia to cut a third of jobs at French arm Alcatel-Lucent

Finland's Nokia Oyj plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the unit's workforce, the group said on Monday, confirming an earlier Reuters report.

Jun 22, 2020

It's not about winning, it's about taking apart: the 60 000 NMX tokens giveaway

Leo - a home for innovation, with a diverse portfolio of products that adopt many different aspects of blockchain technology without compromising on quality.

Jun 22, 2020

Paytm ropes in Anubhav Sharma, NCPI's UPI head amid rising competition from Google Pay, PhonePe

Anubhav Sharma, who was heading the Unified Payments Interface and Immediate Payment Service at the National Payments Corporations of India, has joined Paytm. However, his exact role at Paytm Payments Bank is yet to be ascertained.

Jun 22, 2020

PepsiCo China food processing factory halted after COVID-19 infection found

A senior official for the Beijing disease control authority, Pang Xinghuo, told the same news conference that eight people at the Daxing plant had tested positive.

Jun 21, 2020

How COVID-19 pandemic is going to change home designs forever

Real estate sectors are one of the worst-hit by the COVID-19 pandemic, and developers are trying to find the ground and one way to do so is by adopting new home designs.

Jun 20, 2020

Anuj Puri shares important tip on house-buying

Is it safe to buy or invest in residential property in India; top real-estate expert clarifies

Anarock Property Consultants chairman Anuj Puri answers a million-dollar-question on whether to invest in a residential property or not in the current times of coronavirus pandemic. Read on to find out.

Jun 20, 2020

How Mukesh Ambani made Reliance Industries debt-free well ahead of its target

In less than 2 months, the company managed to secure investments around 1.6 lakh crore through 11 investors and the Right issue.

Jun 19, 2020

'Reliance now net debt-free, fulfilled my promise before schedule': Chairman Mukesh Ambani

Investments by global tech investors and a 'Rights Issue' has made Reliance Industries Ltd (RIL) a net debt-free company. Accordingly, RIL has raised over Rs 168,818 crore in just 58 days. The company's net-debt was Rs 161,035 crore, as on March 31, 2020.

Jun 19, 2020