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ABFRL Share Price Demerger: Understanding the 66% Drop The Aditya Birla Fashion and Retail Ltd (ABFRL) stock witnessed a seismic shift on May 22, with shares opening at ₹97 – ABFRL Share Price Plunges 66% After Madura Fashion Demerger from the previous close of ₹269.15. This dramatic movement, while alarming at first glance, represents a…
accenture salary hike after 2.5 years
Maruti Suzuki is preparing to launch an all-new mid-size SUV, likely to be named the Escudo, during the 2024 festive season. Codenamed Y17, this 5-seater will slot between the Brezza and Grand Vitara, directly challenging popular rivals like the Hyundai Creta and Kia Seltos. Bigger Dimensions, More Practicality Built on the Global-C platform, the Escudo will be longer than 4,345 mm, offering a more spacious cabin and…
Asia’s Largest Wholesale Market Cuts Trade Ties with Turkey New Delhi: In a significant trade decision, Azadpur Mandi—Asia’s biggest wholesale fruit and vegetable market—has stopped all new apple imports from Turkey, citing worsening diplomatic relations between the two nations. Key Details of the Ban ✔ Immediate Effect: No new orders will be placed for Turkish apples✔ Pending Shipments: Previously…
Massive Cash & Jewellery Seized in Anti-Money Laundering Raids The Enforcement Directorate (ED) has seized Rs 32 crore in unaccounted assets during coordinated raids across Hyderabad and Mumbai, exposing a sprawling real estate-money laundering syndicate. The May 14-15 operations under the Prevention of Money Laundering Act (PMLA) targeted illegal constructions in Vasai-Virar and their financial networks. Key Seizures Modus Operandi: How…
Latest Workforce Reduction Hits Alexa, Kindle Teams Amazon has laid off approximately 100 employees from its Devices & Services division, which oversees key products like: The company confirmed the cuts Wednesday, stating they represent a small fraction of the overall team. “We regularly review our organizational structure to align with business priorities,” said Amazon spokesperson…
Business tycoon Vijay Mallya has petitioned the Karnataka High Court, seeking detailed loan recovery statements from banks. A report by ANI on Wednesday revealed that although the initial repayment obligation was about ₹6,200 crore, an impressive ₹14,000 crore has already been recovered. Mallya’s legal team contended that even though financial institutions have recovered over ₹10,200…
Shantanu Naidu embodies youthful ingenuity and an unyielding drive for innovation. A scholar of mechanical engineering from Savitribai Phule Pune University, he later honed his business acumen at Cornell University’s Johnson Graduate School of Management. His entrepreneurial vision found its breakthrough when his ingeniously crafted reflective dog collar piqued the interest of none other than…