After Google, Byju is the latest company to fire hundreds of employees. The edtech company has already conducted a layoff process back in October 2022 and the new round reduces the workforce by 15 percent. This is around 1,000 employees across departments, which is in addition to the 2,500 workers it laid off a few months back.

In the latest round, the company has fired 300 employees in the Engineering team and the Logistics team strength has dropped to 50 percent if we also count October's layoff process, people familiar with the matter told MoneyControl.  It is also being said that the Byju removed all the freshers too. The impacted employees were not sent an official email as this gets leaked online and so, the company decided to fire people over normal or WhatsApp calls.

India’s largest bank, the State Bank of India has an exposure of around $2.6 billion (over Rs 21,000 crore) to the crisis-hit Adani group, a latest report from Bloomberg has claimed. SBI has reportedly given loans of this amount to companies of Adani Group, which is half of what rules permit, a person close to the matter was quoted as saying. 

The exposure of SBI to Adani includes $200 million from its overseas units, the unidentified source further revealed. Earlier on Thursday, SBI Chairman Dinesh Kumar Khara said that the loans were being serviced by Adani Group companies. He had added that he doesn’t see “immediate challenge” to the bank’s loan to the conglomerate. 

An Ahmedabad-based Information Technology firm felicitated 13 employees with cars as a token of appreciation for their hard work and dedication towards the company's mission over the years. These employees have been associated with this IT company since its inception and, due to their hard work, the company managed to earn crores today.

Ramesh Marand, the Chief Executive Officer and Director, while addressing the employees said, "We are gifting cars to employees as a part of our employee recognition program. I strongly believe in sharing the wealth we have created with our employees."

The BJP will start a 12-day nationwide campaign on Wednesday to make people aware of the "pro-people" measures announced in the Union Budget, party leaders said.

The campaign that will begin the day the budget is presented in Parliament will be coordinated by senior BJP leader Sushil Modi and it will conclude on February 12, they said.

BJP president JP Nadda has formed a task force comprising nine members, including party general secretary Sunil Bansal and heads of its farmer and youth wings, to organise discussions, press conferences or seminars on the Union Budget in all districts of the country, they said.

Hindenburg Research took jabs at Adani group on Monday reiterating its allegations that the Indian conglomerate is a fraud after the Gautam Adani-led firm’s 413-page response to the short seller’s original research report. Adani’s response had said that the Hindenburg report is a “calculated attack” on India, its institutions and growth story, and that the allegations are “nothing but a lie”. Hindenburg in its response to Adani’s response said that the conglomerate, “tried to lead the focus away from substantive issues and instead stoked a nationalist narrative, claiming our report amounted to a “calculated attack on India.” In short, the Adani Group has attempted to conflate its meteoric rise and the wealth of its Chairman, Gautam Adani, with the success of India itself.”