India

Passenger finds seat cushion missing on Pune-Nagpur IndiGo flight
27 Nov

Passenger finds seat cushion missing on Pune-Nagpur IndiGo flight

Priyanka Bhowmick0 CommentsIndia,
A passenger on an IndiGo flight from Pune to Nagpur was shocked when he reached her seat, only to find half of his cushion missing. The passenger, Sagarika Patnaik – a resident of Nagpur — was traveling for work on IndiGo flight 6E6798 early on Sunday morning. Sagarika's husband, Subrata Patnaik, told TOI that his wife was allotted a window seat, Number 10A. "Once she reached her seat, she was shocked to find the cushion missing," her husband said. Sagarika raised the matter with a cabin crew member, who in reply asked her to look at the cushion under the…
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Indigo to start flight operations from Noida Airport
25 Nov

Indigo to start flight operations from Noida Airport

Priyanka Bhowmick0 CommentsBusiness, India,
IndiGo will be the first airline at Noida International Airport (NIA) which is slated to be launched by the end of next year. The two signed a memorandum of understanding on Friday "to develop air connectivity to UP and beyond." The NIA is also in talks with both Indian and foreign airlines and they will work there as well. NIA CEO Christoph Schnellmann said: “The partnership between NIA and IndiGo will not only help strengthen air connectivity but also ensure an exceptional customer experience for our customers alike.by leveraging IndiGo's extensive route network and expertise, we aim to provide our…
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JSW Steel completes ₹750-cr investment in group’s paint business
24 Nov

JSW Steel completes ₹750-cr investment in group’s paint business

Priyanka Bhowmick0 CommentsBusiness, India,
JSW Steel has successfully completed the final phase of a ₹750 crore strategic investment in JSW Paints, the Indian steelmaker announced on Thursday. The expansion plan of JSW Paints was planned to be invested in 3-4 installments over the last three years. JSW Group's flagship company, announced an investment of ₹750 crore in JSW Paints in July 2021. The company invested ₹300 crore in its first installment in 2021 in JSW Paints. On November 22, it made the final installment of ₹75 crore to complete its strategic investment. "We would now like to inform you that with the last phase…
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Taj Group data breach exposes 1.5 mn guests’ info on dark web for $5000
24 Nov

Taj Group data breach exposes 1.5 mn guests’ info on dark web for $5000

Priyanka Bhowmick0 CommentsBusiness, India,
The Tata-owned Taj Hotels Group suffered a data breach that exposed the information of more than 1.5 million customers, a news report said. According to a report by CNBC-TV18, a bad actor going by the handle, "Dnacookies" demanded $5,000 (roughly Rs. 4.16 lakh) as ransom for the entire dataset. This apparently includes addresses, membership IDs, mobile numbers and other personally identifiable information, according to sources close to the publication. "We have been made aware that someone is claiming possession of a limited customer data set, which is non-sensitive in nature," a spokesperson for Indian Hotels Company Limited (IHCL), which runs…
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Instagram now lets users download Reels globally
23 Nov

Instagram now lets users download Reels globally

Priyanka Bhowmick0 CommentsBusiness, India,
In a recent announcement, Instagram CEO Adam Mosseri revealed that users around the world can now download Instagram reels directly to their camera roll from public accounts. The feature, initially launched in the US in June, has gone through beta testing and is now available for iOS and Android users. The feature is similar to the download functionality available on TikTok, which gives users access to the download option under the share button. To protect the original creator's work, downloaded reels are further saved in the device's gallery, watermarked with the original poster's Instagram username. The update applies universally to…
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ED slaps over Rs 9,300 crore FEMA notice against BYJU’s
22 Nov

ED slaps over Rs 9,300 crore FEMA notice against BYJU’s

Priyanka Bhowmick0 CommentsBusiness, India,
The Enforcement Directorate (ED) said on Tuesday that the adjudicating authority under the Foreign Exchange Management Act (FEMA) has issued a show-cause notice to BYJUS's parent company Think and Learn Pvt Ltd and CEO Byju Raveendran based on the complaint. 9,362.35 crore of FEMA has been booked against them. The agency said it has initiated an investigation based on various complaints regarding foreign investment received by companies such as M/s Think and Learn Pvt Ltd and the firm's business conduct. "The company was also said to have made substantial foreign remittances outside India and investments abroad, which allegedly violated the…
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Toyota Kirloskar Motor to invest INR 3,300 cr to set up third plant in India
22 Nov

Toyota Kirloskar Motor to invest INR 3,300 cr to set up third plant in India

Priyanka Bhowmick0 CommentsBusiness, India,
Toyota Kirloskar Motor (TKM) has announced plans to invest Rs 3,300 crore in a new manufacturing unit in Bidadi district near Bangalore in Karnataka. The new facility is part of Toyota's strategy to expand its manufacturing capacity in India and is expected to be operational by 2026. This investment will increase Toyota's total investment in India to around Rs 20,000 crore The new assembly line will be dedicated to the production of vehicles based on the TNGA-C platform, including an SUV model. The expansion will bring Toyota's annual production capacity in India to 4 lakh vehicles. The move is aimed…
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Byju’s misses deadline to clear dues of laid-off employees
21 Nov

Byju’s misses deadline to clear dues of laid-off employees

Priyanka Bhowmick0 CommentsBusiness, India,
According to a report, crisis-hit Byju's has again missed a deadline for full and settlement of employees laid off by the edtech company. The company had earlier postponed the final payment date from September to November. According to the report, 60 of the fired employees have been contacted by Byju's. Of the 48 people who responded, 40 said they had not received the full and final settlement that was promised to reach them by November 17. Of the 8 employees who received their full and final settlement, about 2-3 did not receive their variable pay or incentives, it said. Byju's…
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Citigroup slashes 300 senior management roles
21 Nov

Citigroup slashes 300 senior management roles

Priyanka Bhowmick0 CommentsBusiness, India,
Citigroup Inc. is eliminating more than 300 senior manager roles as part of CEO Jane Fraser's efforts to simplify the Wall Street giant. On Monday, the company began announcing cuts — which affect those employees below Fraser's executive management team at two levels, according to a person familiar with the matter. They made up about 10% of employees at that level, according to the person who told employees not to be identified for discussing the information. "Today we shared with our colleagues the next level of change across many of our businesses and functions as we align Citi's organizational structure…
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Physics Wallah lays off around 120 employees
20 Nov

Physics Wallah lays off around 120 employees

Priyanka Bhowmick0 CommentsBusiness, India,
Edtech unicorn Physicwallah let go about 120 employees after a performance review, in what comes as the first instance of layoffs at a company that earned a unicorn tag last year. "At PW, we regularly evaluate performance through mid-term and end-term cycles. For the cycle ending in October, 70 to 120 individuals—less than 0.8 percent of our workforce—with performance concerns may be asked to transfer…, ” said Satish Khengre, CHRO, PW, in a statement. Entrackr first reported the development that a cost-cutting exercise within the company had initiated layoffs. Physicswallah follows a series of other Indian edtech companies, including Byjus,…
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