For the first time, a gold coin minted in India is available for sale this festive season. The Indian Gold Coin, launched by Prime Minister last week, bears the national emblem – the Ashok Chakra – on one side and Mahatma Gandhi’s image on the other side.
Ayan Mukerji, Chief Executive of Wipro’s Media and Telecom Strategic Business Unit has quit after a 28-year stint with the company.
The mega sales have ended. The partying is also over. E-commerce majors such as Flipkart, Amazon and Snapdeal are now in for some sobering news.
Government of India has asked Reserve Bank of India (RBI) and Enforcement Directorate (ED) to probe whether e-commerce majors have violated Foreign Direct Investment (FDI) rules by engaging in business-to-consumers (B2C) activity.
It’s the end of an era. Silicon Valley giant Hewlett-Packard (HP), with 300,000 employees at 651 locations in 120 countries, is a thing of the past. In its place are born two entities that bear its initials, HP Enterprise and HP Inc.
Deutsche Bank has reported cutting of 35,000 jobs over the next two years and shutting operations in 10 countries. Announcing its third quarter results, Germany’s largest lender and the world’s eighth largest bank in terms of assets (as per accuity.com) reported a loss of over 6 billion euros.
Indian-origin structural engineer Roma Agarwal, who helped build Europe’s tallest building, the Shard, in London, has been invited to Buckingham Palace by Queen Elizabeth II. Roma will join a group of other female engineers at a reception being hosted by the Queen to encourage more women to take up the engineering profession.
In a path-breaking move, the Government of India has approved the induction of women pilots into the fighter stream of the Indian Air…
Jack Dorsey, CEO, Twitter has announced giving a third of his Twitter stock to the company’s employees. Barely three weeks after taking over as permanent CEO, Dorsey tweeted, “I’d rather have a smaller part of something big than a bigger part of something small.” Dorsey said the move was to “reinvest directly in our people” and the shares would go into the employee equity pool.
Playboy magazine will stop publishing pictures of fully nude women from March 2016. In an interview with New York Times, the company’s CEO Scott Flanders said that founder and editor in chief Hugh Hefner, 89, had agreed with such a proposal. Giving reasons for the change, he told NYT, “You’re now one click away from every sex act imaginable for free. And so it’s just passé at this juncture.”