Peloton layoffs: Headcount reduced by 11%, engineering teams impacted in cost-cutting move
Peloton Interactive Inc., the long-struggling fitness technology company, slashed 11% of its workforce in a cost-cutting move, according to a…
Category: Business
Business
Sun Pharma beats street estimates in Q3 with net profit up 16%
Sun Pharma beat Q3 estimates with a consolidated net profit of ₹3,369 crore, driven by steady domestic growth and innovative…
Former Citibank India CEO Pramit Jhaveri not to seek another term at Sir Dorab Tata Trust
Pramit Jhaveri, former CEO of Citibank India, will not seek reappointment as a trustee of the Sir Dorabji Tata Trust…
Recall alert: Why automaker Toyota is recalling over 1,61,000 vehicles in the US — All you need to know
Auto major Toyota is recalling more than 1,61,000 vehicles in the United States over issues with the rear-view camera display.…
Meesho bets on logistics fixes, operating leverage to lift margins after Q3 loss widens
The e-commerce marketplace plans to accelerate investments in advertising and sales promotion to support new user additions as well as…
Jindal Steel Q3 net profit falls almost 80% on higher costs; revenue up 11%
The steelmaker’s net profit dropped to ₹190 crore from to ₹951 crore in same quarter last year. Net debt increased…
Binance Founder Zhao Fends Off Crypto Market Crash Accusations
Changpeng “CZ” Zhao, co-founder and former chief executive officer of Binance, said lingering accusations that the world’s largest digital asset…
Carney, Macklem Congratulate Warsh on Federal Reserve Nomination
Canadian Prime Minister Mark Carney and Bank of Canada Governor Tiff Macklem congratulated Kevin Warsh on his nomination to lead…
Apple Loses More AI Researchers and a Siri Executive in Latest Departures
Apple Inc. has lost at least four more of its artificial intelligence researchers in recent weeks in addition to a…
PE giants line up for RedTape in deal valuing footwear maker at up to ₹5,000 crore
Private equity firms Apax Funds and Advent International are pursuing a majority stake in Indian footwear company RedTape, valuing it…
