Category : Corporate News


Power Sector Turns Profitable After Years of Losses

India's power distribution sector has turned profitable in FY25, with Maharashtra and Punjab discoms leading the charge. The sector moved from a Rs 27,022 crore loss to a Rs 2,701 crore profit, though accumulated losses remain high.

Consumer CEOs Seek Tax Cuts, Middle-Class Support in Budget

Top executives from India's consumer goods companies are calling for tax reductions, measures to boost middle-class purchasing power, and support against volatile commodity prices in the upcoming budget to sustain consumption recovery.

Netflix vs Paramount Skydance in WBD Acquisition Race

Global streaming giants Netflix and Paramount Skydance are locked in a fierce competition to acquire Warner Bros. Discovery. With revised bids, financial backing details, and shareholder benefits on the table, the decision now rests with WBD shareholders.

IndiGo Gives Up 700+ Slots After DGCA Order

IndiGo has relinquished over 700 domestic airport slots following DGCA's 10% winter schedule reduction. The Ministry of Civil Aviation now invites other airlines to utilize these slots with strict operational readiness requirements.

Citigroup March Layoffs Planned After January Job Cuts

Citigroup is reportedly preparing another round of layoffs in March 2024, following 1,000 job cuts in January. The restructuring is part of CEO Jane Fraser's turnaround strategy to reduce costs and boost profits.

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