BUSINESS Archives

M&M Domestic Vehicle Sales Decline 79% in May

Amrita ChakravortyJune 1, 2020June 1, 2020

June 1, 2020June 1, 2020

Mahindra & Mahindra Ltd (M&M) has posted a 79 per cent decline in its domestic vehicle sales to 9,076 units in May. The company partially resumed...

BUSINESS

MakeMyTrip to Lay off 10% of its Workforce as Revenues Hit

Amrita ChakravortyJune 1, 2020June 1, 2020

June 1, 2020June 1, 2020

Online travel aggregator MakeMyTrip (MMT) will lay off around 350 employees, comprising 10% of the workforce, citing slowdown in the business due to global travel restrictions to...

BUSINESS

Voltas Proves its Mettle with Strong Cooling Products Sales in Q4

Amrita ChakravortyJune 1, 2020June 1, 2020

June 1, 2020June 1, 2020

Voltas Ltd’s share soared 9 per cent in trade on Monday after the company impressed the Street with its better-than-expected March quarter performance. Revenues grew 1.4...

BUSINESS

TikTok’s Parent Company Bytedance Made $3 Bn in Profits in 2019

Amrita ChakravortyMay 28, 2020May 28, 2020

May 28, 2020May 28, 2020

TikTok owner Bytedance made over $3 billion in net profit last year, according to media reported. Inside sources told the publication that the company made $17...

BUSINESS

Boeing Slashes 12,000 Jobs as Virus Seizes Travel Industry

Amrita ChakravortyMay 28, 2020May 28, 2020

May 28, 2020May 28, 2020

Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are...

BUSINESS

ITC Ties Up with Star Network for New Food Show

Amrita ChakravortyMay 27, 2020May 27, 2020

May 27, 2020May 27, 2020

Packaged goods to hotels conglomerate ITC Ltd has collaborated with television broadcaster Star network to showcase the rich culinary heritage of India. The show, 5 STAR Kitchen...