Search Results for: Softbank

E-commerce platform Meesho clocks Rs 53 crore loss in FY24

E-commerce platform Meesho on Wednesday reported a Rs 53 crore loss for FY 2023-24, while narrowing down the figure by 97 per cent from Rs 1,569 crore in FY 2022-23.

24 days ago

Swiggy files DRHP with SEBI; gears up for blockbuster IPO

Swiggy has filed its first DRHP with SEBI, preparing for an IPO. The filing indicates a fresh issue component of Rs 3,750 crore and an offer for sale of 18.53 crore shares.

Sep 26, 2024

WeWork India rejigs senior leadership to boost market presence [details]

Flexible workspace provider WeWork India on Tuesday announced the appointment of two senior leaders to its executive leadership team.

Sep 26, 2023

SoftBank likely sold 10 cr shares in Zomato for Rs 947 crore; stock up [details]

Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company's equity, changed hands on Wednesday at a total deal value of around Rs 947 crore.

Aug 30, 2023

Oyo founder Ritesh Agarwal's father passes away; fell off Gurugram high-rise [details]

The tragic incident comes just days after Oyo founder Ritesh Agarwal's wedding.

Mar 10, 2023

Samsung Electronics appoints its 1st woman president.

Samsung Electronics appoints its first woman president

Samsung Electronics on Monday promoted a female executive to the president of global marketing for its mobile business, in the first move to tap a female talent for the top post.

Dec 5, 2022

Flipkart to expand India biz; Walmart raising up to $3 billion: Report

Retail giant Walmart is reportedly raising up to $3 billion for its e-commerce giant Flipkart to further expand its operations in the country.

Oct 26, 2022

Beware: Financial data of over 9 mn cardholders leaked, including from SBI [details]

Cyber-security researchers on Wednesday said they have discovered a massive leak involving over nine million cardholders' financial data that includes customers of the State Bank of India (SBI).

Oct 12, 2022

After Alibaba fiasco, SoftBank plans to cut 30% of Vision Fund staff: Report

Bloomberg reported that the company has started briefing some employees -- around 150 -- about being laid off. The SoftBank Vision Fund unit had about 500 employees as last reported.

Sep 30, 2022

Ola likely to lay off up to 500 employees in cost-cutting exercise

As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost and streamline operations amid the ongoing funding winter.

Jul 6, 2022

Japanese man on a night out loses USB stick with entire city's personal details

Japanese man on a night out loses USB stick with half million people's personal details

A worker in Japan could be nursing a protracted hangover after he lost a USB memory stick following a night out with colleagues as it contained the personal details of nearly half a million people, BBC reported.

Jun 25, 2022

SoftBank Group International CEO "Michel Combes" quits in just 5 months, Alex Clavel replacing him

In a surprise move, French businessman Michel Combes, who joined as SoftBank Group International CEO in January this year, has resigned, the company announced on Wednesday.

Jun 22, 2022

Zoom Call Firing: After Better.com, British firm P&O Ferries lays off 800 workers in 3 minutes

After Indian American CEO Vishal Garg laid off 900 workers of his company Better.com over a Zoom call in December last year, another company has laid off nearly 800 employees the same way.

Mar 19, 2022

Vishal Garg-led Better.com again fires workers in US, India in mass layoff

Indian-American CEO Vishal Garg-run digital mortgage company Better.com on Wednesday started laying off thousands of employees in the US and India who received severance cheques in the payroll app.

Mar 9, 2022

Indian-origin CEO who fired 900 staffers over Zoom call returns to work, employees upset

Indian-origin Better.com CEO Vishal Garg, who was massively trolled for laying off 900 employees over a Zoom meeting call, is back at the helm as employees are reportedly not at all happy that he has not been asked to step down as CEO.

Jan 19, 2022

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