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BUSINESS DOWNSIZING
Suits & Sayings: Local ProblemET’s roundup of the wackiest whispers in corporate corridors- Panasonic reverses stand on Indianising top deck, offers key roles to expatsPanasonic has recently appointed Japanese executives to senior roles in its Indian operations. The company is restructuring its leadership ...
- Zoho skips pay hikes, cites raised AI costs and geopolitical backdropIn a recent statement, Zoho's founder Sridhar Vembu announced that the company will not implement salary hikes for its employees. This deci...
- Manager faces career dilemma after being told to ‘manage out’ 20-year employee who ‘exceeded expectations’ for 7 years because firing her could cost $200,000 in severanceA manager says he was told to “manage out” a 20-year employee despite her seven years of “exceeds expectations” reviews and two promotions....
- Ambani’s Jio said to seek about Rs 11 lakh crore valuation in IPOJio Platforms is reportedly seeking a valuation of around Rs 11 lakh crore for its planned IPO, below earlier estimates of up to $170 billi...
- Paramount-HBO Max streaming combination may give you more content, but at what cost?Paramount has gained the green light for an $81 billion merger with Warner Bros. Discovery, a significant transformation for Hollywood's ke...
- In 1858, Gundlach Bundschu began a California wine legacy. 168 years later, pandemic fallout, heavy debt and a changing market have pushed the historic winery into bankruptcyGundlach Bundschu Winery, founded in California in 1858, has filed for Chapter 11 bankruptcy protection. The winery seeks to restructure ov...
- South Korean President plans to call for phased denuclearisation of North Korea at UNSouth Korean President Lee Jae Myung will advocate phased denuclearisation at the UN. He believes a step-by-step approach is practical for ...
- Making people redundant is a no-win: Revolut India CEO on AI job cutsAs large private banks and financial institutions trim headcount to automate their workforce, Revolut’s Paroma Chatterjee believes it is cr...
- US woman once earned a six-figure paycheck as an HR director. Today, lives on a five-acre farm, says, 'No high-paying corporate job could lure her.' She now has multiple income sourcesLaurie Charpentier made a bold leap from her corporate job to embrace true success through freedom. Together with her husband, they now man...
- ET Startup Awards 2026 | Comeback Kid: Mukund Jha returns stronger with AI betEmergent cofounder Mukund Jha has won the Comeback Kid award at the ET Startup Awards 2026, marking a return after the collapse of Dunzo. T...
- Oil prices slide 2% on Iran-Oman talks to reopen Strait of HormuzOil prices have dropped following the revival of discussions between Iran and Oman regarding the management of the Strait of Hormuz. The lo...
- Iran and Oman discuss temporary Hormuz corridor as impasse with US drags onIran and Oman are discussing managing the Strait of Hormuz traffic. The United States is sending personnel back to Middle East diplomatic m...
- Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitabilityNavi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives....
- Bridging the skills gap: How rural youth can power India’s MSME growth storyIndia’s next MSME growth wave could come from the country’s vast rural talent pool—but only if skilling moves beyond certificates to genuin...
- Tata chair N Chandrasekaran’s exit leaves $120 billion spending ambition in limboTata Group is facing a leadership and strategy reset after N Chandrasekaran’s decision to step down as Tata Sons chairman, putting the cong...
- Accel raises $550 million for India, keeps early-stage focus as AI reshapes deal flowThe Silicon Valley-headquartered VC firm is betting on India’s IPO-led liquidity opportunity. Accel aims to invest early and help companies...
- Accel’s $550 million India fund; South Park Commons bets on deeptechHappy Wednesday! Venture capital firm Accel has raised its ninth India fund. This and more in today’s ETtech Morning Dispatch.
- As banks shrink microfinance books, bigger MFIs prepare to grab the gapLarge microfinance companies including Muthoot Microfin and Satin Creditcare have raised their growth forecasts as private banks, small fin...
- Downsizing HCL BPO business by 10-15%: Rahul Singh, Business Services, HCLWe are ring fencing or downsizing certain businesses, which don't fit into HCL's new domain led vision, says the co's New President, Busine...
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