3 days a week in office...: IBM plans new working setup for employees post-covid The majority of workers 'will spend at least three days a week, maybe not all eight to 10 hours, but at least some fraction of those three days, in the office,' Chief Executive Officer Arvind Krishna

Toyota Kirloskar sells 15,001 vehicles in March, its highest since 2013 The automaker had sold 7,023 units in March 2020, amid a nationwide lockdown due to the Covid-19 pandemic.

Easebuzz raises $4 million in seed round of funding Over the past year, the company claims to have seen its revenues and gross transaction value on its platform grow 12 times. Easebuzz is now looking to develop a new suite of services around digital remittances and collections for SMEs

Microsoft wins $21.9 billion US Army contract The contract could be worth up to $21.88 billion over 10 years, a Microsoft spokesman told Reuters.

Britannia appoints former RBI governor Urjit Patel as additional director Patel has been appointed as an additional director for a period of five years starting from March 31, 2021.

Tata Consumer Products divests stake in Empirical Group, Southern Tea The move will help further simplify and streamline the company’s operations to enhance business effectiveness and profitability, Tata Consumer said

Wipro to acquire Australia-based Ampion for $117 million Ampion is headquartered in Melbourne, with offices in Sydney, Brisbane, and a facility in Canberra. Ampion’s annual revenue run rate for the year ended 30 June was $85.5 million, of which about 12% was related to products sale

TSMC says plans to invest $100 billion over next three years to meet chip demand Taiwan Semiconductor Manufacturing Co Ltd is the world's largest contract chip manufacturer with clients including Apple Inc and Qualcomm Inc

Evergrande’s goal of toppling Tesla looks increasingly unlikely Evergrande NEV last week said it’s targeting annual production of more than 1 million vehicles a year by 2025, and sales of 5 million cars by 2035, aiming to 'become the world’s largest and most powerful new energy vehicle enterprise'

White-collar hiring slows on Covid surge Bengaluru, Hyderabad, Delhi, Mumbai and Chennai, which collectively put out about 1 million active white-collar job openings over the last 12 months and contributed nearly 40% to the overall count for the year, saw a stagnation in the growth of active white-collar jobs in Mar…

Space tech firm MDA raises $320 million in Canadian IPO miss The company, best known for developing a giant robotic arm used in space, sold about 28.6 million shares for C$14 each, below its marketed range.MDA specializes in space robotics, satellite systems and satellite imagery analysis

Microsoft wins $22 billion deal for making headsets for US Army Pentagon officials have described the futuristic technology — which the Army calls its Integrated Visual Augmentation System — as a way of boosting soldiers' awareness of their surroundings and their ability to spot targets and dangers

Indian tech services sector to generate $300-350 billion revenue by 2025 The tech services industry in India is likely to grow by 2-4% over the next five years, reaching $300-350 billion in annual revenue, according to a report.According to the report, the next decade will continue to witness growth in technology sp…

Hyatt eyeing 20 new hotels in three years Hotel chains, both domestic and global, have been looking for expansion in India's tier II towns for a while now. These locations are leisure getaway destinations which act as satellites to larger cities

BPCL acquires Oman Oil's stake in Bharat Oman Refineries Ltd Since March 2020, BPCL has been holding 63.4% and OQ 36.6% equity in the Company.BORL is located in Madhya Pradesh's Bina and has a 7.8 MMTPA capacity

Will Xiaomi be the Apple of electric vehicles? Chinese smartphone maker bets consumer technology companies can also design attractive EVs

Srei Equipment Finance receives investor interest for capital raise The company’s board has also constituted a strategic coordination committee to aid in raising fresh capital

New recruiters line up at IIM Rohtak with offers for the Batch of 2019-2021 The institute has completed the final placement process for the batch of 2021 with 100% placements. Regular recruiters like Deloitte, Indus Valley Partners, Bain Capability Network, Tata Steel, NatWest Group, Capgemini, and Cognizant, among …

InMobi, India’s 1st unicorn, plans US IPO at value of up to $15 billion The offering size could be as large as $1 billion, valuing InMobi at $12 billion to $15 billion, the person said..Among the banks in talks to work on InMobi’s listing are JPMorgan Chase, Goldman Sachs and Citigroup

Toyota Kirloskar to bear covid vaccine cost for employees, family members Most automakers are offering to bear the cost to vaccinate as many employees as possible to ensure smooth running of their operations as demand inches back to normalcy

Facebook steps up efforts to curb hate speech amid elections in Indian states Facebook has drawn flak in the past for its handling of hate speech on the platform in the country.India is among the biggest markets for Facebook and its group companies, WhatsApp and Instagram

Piramal Pharma to acquire 100% stake in Hemmo Pharma for ₹ 775 crore Through Hemmo Pharma, Piramal Pharma Solutions will gain access to the growing peptide API market and enhance its ability to offer integrated services to its customers globally

Maruti signs MoU with Karnataka Bank to offer affordable finance scheme Under this collaboration, customers can avail loans up to 85% of the on-road price of all new cars from Maruti Suzuki’s Arena and Nexa showrooms

JPMorgan, Salesforce join growing list of firms dumping office space Rise of remote work means demand for office space could be permanently lower for some companies

Suez Canal opens, but shipping will be snarled for months Companies scramble to secure port berths and scarce containers, as logistics are upended; ‘a floodgate is going to open’

AWS announces availability of Amazon WorkSpaces in Mumbai region Customers in the Mumbai region can also take advantage of WorkSpaces Streaming Protocol (WSP), the new cloud-native streaming protocol that enables a consistent user experience even on unreliable networks

Hitachi to buy US software developer GlobalLogic for $9.6 bn The acquisition is part of Hitachi's ongoing business portfolio overhaul, which includes the $7 billion acquisition of ABB Ltd's power grid business last year and a series of divestitures of its domestic hardware subsidiaries

Vistara to extend home-to-home luggage delivery service to Hyderabad, Bengaluru It has not been decided which flights from Hyderabad and Bengaluru will have this service in phase 2

Real estate developer Lodha set to open Rs2,500 crore IPO on 7 April It had filed its first share sale document in September 2009 to raise around ₹2,800 crore but shelved the plan in the aftermath of the 2008 global financial crisis. In 2018, the company filed for an IPO again, aiming to raise Rs5,500 crore

Work from anywhere a challenge for many women The study also came up with disturbing data on how women were becoming victims of the “double burden syndrome”, as they juggled between their personal and professional commitments, even as about half of them lacked motivation.

Uable raises $3.5 million led by Jafco Asia, Chiratae Ventures Since 2020, Uable has raised a total of $4.5 million. It is backed by Jafco Asia, Chirate Ventures, 3one4 Capital, Global Founders Capital, and a clutch of angel investors

Your take-home pay, PF outgo and entire salary structure will change from tomorrow Staffing companies and HR professionals say that the new salary regime will cause changes to most pay structures in the country. Currently, for an overwhelming number of employers, the basic pay component is significantly lower than 5…

HealthPlix raises $13.5 million led by Lightspeed The startup plans to grow five times by expanding the doctor base in existing geographies, adding new towns and medicine specialties and bolstering its team and product

Nomura CEO Kentaro Okuda’s honeymoon ends with $2 billion Archegos debacle Nomura has begun assessing the cause of the possible loss and it’s too early to say how it might impact profit

Airbus touts sustainable fuel after promoting hydrogen Chief Executive Officer Guillaume Faury said that he’s confident the European planemaker can bring a hydrogen plane into service by 2035

Thomson to launch air coolers on Flipkart Thomson, a European brand, is retailed in India through Noida-based Super Plastronics .It will launch air-coolers in the personal, desert and window category with products starting at ₹5,999

Indian payments firm MobiKwik says it is probing date breach claims An Indian security researcher last month flagged on Twitter that data of 110 million MobiKwik customers had been leaked from the company's servers.Considering the seriousness of the allegations, and by way of abundant caution, MobiKwik will get …

Goldman, Morgan Stanley limit losses with fast sale of Archegos assets The decision to sell early helped insulate financial giants from losses that have hit others

JPMorgan, Salesforce join growing list of firms dumping office space Rise of remote work means demand for office space could be permanently lower for some companies

ReNew Power eyes another dollar bond issuance of $600 million The bond issuance comes at a time when the Goldman Sachs-backed green energy firm has announced a merger agreement with RMG Acquisition Corp. II, a Nasdaq-listed special purpose acquisition company (SPAC), which will eventually see the company list on Nas…

Indiagold launches EMI-based gold purchase product ‘EasyGold’ EasyGold allows users to lock the price of the total gold they look to purchase, by paying 20% of the order value upfront

Xiaomi announces smart EV business, to invest $10 billion over ten years Xiaomi's move into the EV industry follows similar steps by other tech giants, both in China and overseas.Xiaomi CEO Lei Jun will also serve as CEO of the smart electric vehicle unit

Non-covid tests remain robust for Metropolis despite second wave: Ameera Shah It has been seeing a gradual recovery in non-covid testing revenue, which had shrunk during the lockdown in April-June. With recovery continuing to improve, the company has been focussing on expansion plans, primarily of collection centres…

BHEL bags a major order for a sulphur recovery unit from IOCL The package, valued at over ₹400 crore, envisages setting up a 525 TPD Sulphur Recovery Unit at IOCL’s Paradip Refinery in Odisha.With this order, the company has made an entry into the downstream oil & gas process package business, BHEL said in a…

Pernod Ricard to bear vaccination cost for employees, third-party staff in India The move is in line with what several large corporates have announced regarding employee vaccination

Independent media agency Madison Media exits Sri Lanka Madison Media Sri Lanka, whose name has been changed to Midas Media, will now become a fully owned subsidiary of Media Factory