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LG India invests <span class='webrupee'>₹</span>100 crore for manufacture of dual inverter air conditioner compressors The local arm of the south Korean company has invested approximately ₹100 crore to manufacture over 1 million dual inverter air conditioner compressors annually

Microsoft-owned GitHub India sacks over 140 engineers, say reports The laid-off employees have been given two months' pay as severance.

SBICap Trustee releases 20.43% pledged stake in Jindal Stainless After the release, a 14.49% stake in Jindal Stainless will remain pledged with SBICap Trustee

Telugu OTT platform aha announces change in leadership Ravikant Sabnavis will be taking charge as the new CEO with immediate effect. Ajit Thakur, current CEO, has been elevated to the board of directors

Samir Srivastav takes over as CEO Looks Salon Looks Salon has a total of 190 outlets across 51 cities. Nearly 50 more outlets are in the pipeline. Looks hopes to open 500 salons by the end of 2026.

Vedanta acting CFO Ajay Goel resigns with effect from 9 April The company said that Ajay Goel resigned to pursue opportunities outside the group and it will announce the details of the successor in due course

Disney Eliminates Its Metaverse Division as Part of Company’s Layoffs Plan The unit, once seen as developing a new form of storytelling, had about 50 employees

Jindal Stainless buys 49% stake in Indonesian nickel smelter facility for $157 mn The acquisition will ensure long-term availability of nickel to Jindal Stainless, as it plans expansion to meet India’s rising demand for stainless steel

Paytm to benefit from wallet interoperability; Morgan Stanley, Citi bullish on stock On March 24, NPCI declared full interoperability of KYC wallets (PPIs). Further, it announced the interchange for using PPIs on UPI at up to 1.1% of transaction value above Rs2,000. The new guidelines will come...

Govt cancels licenses of 18 pharma companies allegedly manufacturing spurious drugs As many as 76 pharma companies were inspected across 20 states/ UTs by joint team of the state &amp; central drug regulators

Starbucks’ Union Fight Moves to Congress Ex-CEO Howard Schultz to testify over battle that neither company nor labor claims as a victory

EY Breakup Plan’s Fate May Rest on Executive Showdown This Week Retired U.S. partners are also fighting the deal, worried about payouts they are owed

Facebook Parent Meta Plans Lower Bonus Payouts for Some Staff Company adjusts performance-review process in a bid to optimize for year ahead

ReNew repays over $1 billion to offshore bondholders in FY23 ReNew said that the amount repaid includes the most recent amortization of $180 million this month

Smaaash founder questions RP’s actions In early March, 82 employees tendered their resignations due to the alleged harassment by he RP, including the filing of multiple legal cases against the employees, Morakhia alleged in the emails, accessed by Mint.

EV battery swap policy stuck a year after draft Think-tank NITI Aayog released the draft policy nearly a year ago

China demand uncertainty caps steel firms’ prospects Stagnant local demand in China, and its increased exports, could pressure global prices

Licences of 18 pharma companies cancelled As many as 76 pharma cos were inspected across 20 states/ UTs by joint teams of state &amp; central drug regulators

Discoms seek tariff hikes up to 40% as demand, costs soar The weighted average price on IEX so far in FY23 has been ₹5.95 per unit, compared with ₹4.40 last fiscal

Adani stocks crash on fear banks hold collateral Adani group stocks plunged the most by value in 23 sessions after a report in The Ken cited regulatory filings to show that banks have not released a significant portion of promoter shares held as collateral