Two senior executives at Bhavish Aggarwal’s Ola, Suvonil Chatterjee and Anshul Khandelwal, resigned from their positions at Ola Electric, citing personal reasons. Their exits contribute to a series of senior-level resignations across the Ola group, including the departure of top…
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Companies will compete aggressively to hire AI talent, increasing salaries by 15-20% in the next 12-18 months. AI demand is expected to double by 2027. Firms must offer competitive packages, upskilling, and career opportunities to attract top AI professionals. Salaries…
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Stressed companies under insolvency law have assets worth less than 5% of what they owe to lenders. As of September, 2,630 liquidation cases owed ₹9.51 lakh crore but had only ₹45,000 crore in assets. Delays and asset deterioration contribute to…
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Consumption inequality decreased in both rural and urban areas during August 2023-July 2024 compared to the previous year, with Gini coefficients dropping in both regions. The survey showed a rise in average monthly per capita expenditure (MPCE). Non-food items constituted…
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The two companies have appointed EY and Axis Capital to prepare merger terms which they intend to propose to their respective shareholders within a fortnight, ET had reported on Tuesday.
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JSW Neo Energy, a subsidiary of JSW Energy, will acquire the 4.6 GW renewable energy platform O2 Power Pooling, owned by EQT Infrastructure and Temasek, for ?12,468 crores. The acquisition increases JSW Energy’s generation capacity by 23% and strengthens its…
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