Lufthansa Group announced plans to shed 4,000 jobs by 2030, primarily administrative roles in Germany, through artificial intelligence and digitalization for increased efficiency. This strategic move comes despite strong demand for air travel and predicted higher profits, as the airline…
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The allegations against Marcellus Investment Managers’ CFO, Pankaj Harish Gupta, accused of diverting company funds for personal use, have once again highlighted a persistent fault line in corporate India: the breach of trust by those entrusted with protecting the books
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Tata Communications won a multi-crore order from GSTAT. The company will build an end-to-end digital infrastructure. This project aims to streamline GSTAT operations across India. It will fortify data security and simplify user experience. The infrastructure covers network, IoT, cloud,…
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Infrastructure construction company Dhariwal Buildtech Ltd has filed draft papers for a Rs 950 crore Initial Public Offering, comprising entirely a fresh issue. Proceeds will fund equipment purchases, debt repayment for the company and its subsidiaries, and general corporate purposes.…
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The National Consumer Helpline has received 3,000 GST-related complaints since tax reductions, which are being forwarded to CBIC for action. The Consumer Affairs Ministry is actively monitoring misleading discount practices to ensure consumers receive the benefits of reduced GST rates,…
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Reliance Power announced on Monday it will sell its entire stake in several Indonesian step-down subsidiaries to Singapore-based Biotruster Pte Ltd for approximately USD 12 million. The deal involves five coal-related entities, with the amount to be received upon closure.…
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