In view of the Covid pandemic, J&J CEO Alex Gorsky emphasized the need for global health security. He highlighted the fact that without global health security, it would not be possible to have economic or national security. In the context of the vaccine, reliance on data, science, and regulatory guidelines, Alex commented, is necessary for […]
Category: Business News
India Entry For Tesla in 2021
Tesla CEO Elon Musk responded to a Twitter user suggesting Tesla could launch in India in 2021. He also thanked customers for patiently waiting for Tesla to arrive in India. In 2019, in response to a different query on Twitter, Elon had expressed optimism about the US electric carmaker starting operations in the country sooner […]
Facebook Promotes Alex Schultz To CMO Role
Facebook’s VP of Product Growth & Analytics Alex Schultz has been promoted to the role of Chief Marketing Officer (CMO). He takes over from Antonio Lucio who stepped down last month for personal reasons. Facebook’s new CMO has been with the company from 2007. Through a Facebook post Alex expressed his gratitude towards Antonio for […]
Google CEO Votes For ‘Hybrid’ Work Models
Google CEO Sundar Pichai said employees are reluctant to return to office post the pandemic. This has made the company relook its options and explore more flexible and convenient work models for the future. Google was among the first companies worldwide to encourage employees to work from home. The company had announced that workers need […]
Walmart To Invest In Tata’s Super App
Walmart is reportedly looking to acquire a significant stake in Tata Group’s proposed ‘super app’, slated to launch in December 2020 or early 2021. The ‘super app’ will bring all of Tata’s consumer businesses such as food and grocery, fashion, lifestyle, insurance, financial services, bill payments, electronics, education, healthcare, etc. under one unified platform. Walmart […]
Popular Chinese Apps In India
A mobile app that allowed smartphone users in India to identity Chinese apps, thereby aiding removal of it, is no longer available on Google Play Store. It was removed owing to policy violations. We bring to you here a list of top Chinese apps that are commonly found on an Indian user’s smartphones: HeloSHAREitTikTokKwaiUCBrowserLiveMeBigo LiveCam […]
TJX Registers Q1 Loss Of $887 Million
TJX CEO Ernie Herrman expressed optimism in countering the challenges brought on by the COVID – 19 pandemic. The apparel and home fashions retailer registered a net loss of $887 million in the first quarter owing to the temporary closure of its stores around the world. The TJX CEO pointed to the company’s 43-year rich […]
Kohl’s Believes The Worst Is Behind
Kohl’s CEO Michelle Gass believes the worst in business is over for the company. As Kohl’s continues to reopen its stores across the United States, it reported a quarterly net loss with sales tanking 43.5%. However, the digital sales took off increasing by 24% during the same time period. Michelle Gass in a post-earnings call […]
Flipkart’s Limited Operations Affect Walmart’s Q1
Walmart CEO Doug McMillion revealed government regulations in India due to Covid 19 lockdown adversely impacted Flipkart’s business. According to the regulations, Flipkart (and other e-commerce players in India) could only deliver essential products to customers for a duration that ran into many weeks. According to Walmart, operations in Mexico, China, Canada, and the UK […]
Swiggy Lays Off 1100 Employees
After Zomato, Swiggy has announced that it will part ways with 1100 employees working in various functions at different grades. The company claimed it was “the hardest and longest deliberated decision” that the management had made in recent times. The laid off employees are slated to receive several benefits depending on their profile and tenure […]
