FedEx Contemplates Job Cuts in IT and Finance Departments Amid Cost-Cutting Measures FedEx, the renowned Memphis-based shipping company, is currently contemplating a reduction in its workforce, with a specific focus on the information technology (IT) and finance departments. This decision aligns with the company’s broader cost-cutting initiatives and its previously announced plan to streamline its …
HotelYaari Secures $2.18 Million in Seed Funding from Alios Ventures for Fractional Ownership of Holiday Homes HotelYaari, a startup specializing in fractional ownership of holiday homes, has recently announced a substantial boost to its growth plans. The company has successfully raised INR 18 Crores (approximately $2.18 million) in a seed funding round led by Alios …
Chennai ITAT Dismisses Cognizant India’s Appeal, Upholds Dividend Distribution Tax on Rs 19,000 Crore Share Buyback In a significant ruling, the Chennai bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an appeal filed by Cognizant Technology Solutions India. The decision has upheld that the company is liable to pay Dividend Distribution Tax (DDT) …
Salesforce’s Resilient Workforce Evolution Plans to Add 3,300 New Hires After Pandemic Cutbacks In a bold move that highlights the resilience and adaptability of one of the tech industry’s giants, Salesforce Inc. is set to embark on a substantial hiring spree. CEO Marc Benioff recently announced plans to bring aboard 3,300 new employees across various …
Warren Buffett’s Fortune Surpasses Larry Page’s, Nears Top Billionaires Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has seen his fortune surge to a staggering $123 billion, surpassing Larry Page, co-founder of Alphabet Inc. and Google, whose net worth now stands at $122 billion. This development places Buffett just a few billion dollars …