Ford (owned by general motors), which has invested around $2.5 billion at its Chennai (Tamil Nadu) and Sanand (Gujarat) plants, will stop selling vehicles such as the EcoSport, Figo, and Ford Aspire produced from these plants. Ford India has informed its employees that it is going to close the car manufacturing plant in India and with this decision of Ford India, more than 4000 employees will lose their jobs. Ford India, the Indian subsidiary of American car company Ford, has decided to close its plant after incurring a loss of about two billion dollars. In 2017, General Motors had said…
Author: Harsh Verma
Highlights Hackers blew away cryptocurrencies worth Rs 4,465 crore It is believed to be the most significant theft of cryptocurrencies ever Stolen cryptocurrencies include Ether and other digital currencies The craze for cryptocurrencies like Bitcoin, Dogecoin, Ethereum, and other cryptocurrencies is increasing worldwide, including India, but hackers have had an evil eye on this too. Hackers have stolen away cryptocurrencies worth $ 600 million, or about Rs, 4,465 crores, and are believed to be the most significant theft. The stolen cryptocurrencies include Ether and other digital currencies. Poly Network, a company connecting different blockchain, stated on Twitter that some hackers…
Bernard Arnault, chairman of leisure, fashion brand Louis Vuitton Moet Hennessy (LVMH), has once again become the world’s richest billionaire. Bernard Arnault has achieved this feat by overtaking the head of e-commerce company Amazon, Jeff Bezos. Many times before this, Bernard Arnault has come first in the ranking of wealthy billionaires. How much is the wealth: According to Forbes’s actual time net worth ranking, Bernard Arnault’s wealth is $ 198.8 billion. At the same time, the wealth of Jeff Bezos is $ 193.3 billion. Apart from this, the net worth of Tesla CEO Elon Musk is close to $ 182.1…
The IPO of restaurant chain Barbeque Nation got opened on 24th and will close on 26 March. Its price band has been fixed at Rs 498-500. A lot of the issues of the company will be 30 shares which means, one has to bid for at least 30 shares. The company has reserved 75 percent of the total book for qualified institutional buyers. 10 percent for retail investors and 15 percent of the rest is for non-institutional investors. The company has decided to issue shares worth Rs 2 crore to its employees. Today on 26th March, is the final day…
For the first time in the country, a gaming company is going to be a part of the market share. The initial public offer of NaZara Technology i.e. IPO has opened today. This is the 14th IPO to be launched this year and the fourth IPO coming this week and the IPO can be subscribed till 19 March. With this, the issue of Sunrise Small Finance Bank is also going to open today. The company aims to raise Rs 582.91 crore through an IPO. There will be no new shares issued, funds will be raised by the existing shareholders through the…
The Tata group is planning to buy more than 60 percent stake in Big Basket and for this, the company has approached the Competition Commission of India, ie CCI. According to the information given to CCI, Tata is thinking of buying a 64.3 percent stake in the company and the deal will be done through Tata Digital, a subsidiary of the group. For exceeding the specified limit, approval from the Competition Commission of India is required. Tata Digital also said that Supermarket Grocery Supplies Innovative Retail Concepts Private Limited (IRC) can buy the entire stake which handles the Business to…
EaseMyTrip.com, India’s second-largest online travel agency has opened an IPO with effect from 8th March 2021 and will close on March 10, 2021. Through this Initial public offering, the Delhi-based online travel company will raise Rs 510 crore from the issue. The price band of the issue has been fixed at Rs 186-187 with a minimum lot size of 80 shares that have been kept under the IPO. This means that to invest in this IPO, you have to invest at least Rs 14,960. This IPO is perfect for people who want to invest money for a short period of…
The world’s largest covid vaccination drive-in India is continuing rapidly with the boom and now people apart from health workers are also getting vaccinated. The country’s IT giant Infosys, TCS Capgemini and Accenture have announced a huge step that it will provide vaccine to all its employees and their employees in India and will bear the expenses. The world’s largest corona vaccination program has started in India on January 16. However, in the first phase, health workers and frontline workers were vaccinated. Infosys COO Praveen Rao said that the company is exploring the possibility of partnering with Healthcare Providers to…
The All India Consumer Products Distributors’ Federation, FMCG Distributors, and Traders Association Delhi, and NGO PRAHAR have stated that if the deal between Reliance and Future Group fails, then about 11 lakh people will lose their jobs. Due to the continuous prohibitions being imposed by Amazon, this is causing a crisis between the two organizations. There are fears that if this deal fails, many employees and suppliers will lose their livelihood. Future Group, which runs the retail store, has alleged that American retail giant Amazon had sought compensation of Rs 290 crore ($ 40 million) from Reliance Industries (RIL) against…
People often are bored with their job and often love to crib about how boring their job is or how they are not progressing at all. This is a common problem that is faced by many people in the workplace. Here are some mantras to be successful at your job and workplace. Have a passion for your job Whatever the job is, if you do it with full passion, then you definitely get success. Any job demands 100% of your passion as it is only by the passion that you get to know about your actual work-style. There should always…