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Business - Page 166

Amazon to slash 18,000 more jobs

In September 2022, the company said it had around 1.5 million employees in total…reports Asian Lite News Amazon on Thursday confirmed it is laying off around 18,000 employees and several teams will
6 January 2023

Jio teams up with Motorola for ‘True 5G’

The smartphone company has rolled out software updates which will enable users to use Jio’s True 5G across its extensive 5G portfolio…reports Asian Lite News Reliance Jio on Wednesday announced its partnership
4 January 2023

Amazon girds up for economic headwinds

An Amazon spokesperson said the loan has been taken to safeguard against the “uncertain macroeconomic environment”…reports Asian Lite News E-commerce giant Amazon has secured $8 billion in Term Loan from DBS Bank,
4 January 2023

Zomato sees another high-profile exit

In a regulatory filing, Zomato said that Patidar was one of the first few employees of Zomato and built the core tech systems for the company….reports Asian Lite News Online food delivery
4 January 2023

Tesla misses goals amid Twitter distraction

In the fourth quarter, Tesla produced over 439,000 vehicles and delivered over 405,000 vehicles…reports Asian Lite news Elon Musk-run Tesla has missed its target of 50 per cent growth in production and
4 January 2023

CarDekho narrows losses by 28% in FY22

The company informed that it has Rs 1,000 crore in net cash and has a clear path to achieve profitability by FY24…reports Asian Lite News IPO-bound car search platform CarDekho Group on
2 January 2023

Reliance retail buys 51% stake in Lotus Chocolate

The release said that the parties have also executed a shareholder’s agreement governing certain inter se rights and obligations….reports Asian Lite News              Reliance Consumer Products Ltd (RCPL), a wholly-owned subsidiary of
30 December 2022
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