Hemant Bakshi, the CEO of Ola Cabs, has resigned from his position after just four months. The company is undergoing a restructuring process that may result in a 10% reduction in jobs. Ola Cabs has also closed its international operations in the UK, Australia, and New Zealand. Despite these changes, the company’s financials show positive growth, with a revenue of ₹2,135 crore and a positive EBITDA of ₹250 crore in FY23. You Can Read Full News By Clicking On Below Link.
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Netflix co-founder reed hastings discussed his approach to taking risks in a recent podcast. He follows the principle of “recoverable risk,” meaning he takes risks that can be fixed if they don’t work out. This approach allows him to get more done and move fast. Hastings borrowed this philosophy from amazon founder Jeff Bezos, who sees risks as either “one-way doors”…
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Tesla CEO Elon Musk has fired top executives in a recent round of job cuts.
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Google has laid off employees in its Python section as part of cost-cutting measures. The company plans to hire cheaper labor outside the United States and set up a new team in Munich, Germany. Some employees expressed disappointment and pain at being laid off and replaced by remote workers. The US Python team, which managed Google’s Python ecosystem, was reportedly small. This comes after previous…
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Apple may surprise everyone by launching its much-delayed artificial intelligence features on May 7, possibly in the form of the ipad Pro. It was expected to be launched in June during the World Wide Developers Conference, but apple may be looking to keep the ipad relevant in the market. The new ipad pro may have a powerful processor capable of handling AI capabilities, possibly the M4 chip. This…
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The Reserve Bank of India (RBI) has banned Kotak Mahindra Bank from adding new customers through digital channels and issuing new credit cards. This caused the bank’s shares to fall by 13%. Uday Kotak, the largest shareholder, saw his wealth decline by $1.3 billion. The RBI cited governance and risk issues with the bank’s technology systems as the reason for the ban. Kotak Mahindra Bank…
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Chinese smartphone maker Xiaomi has received over 75,000 orders for its electric sedan, the SU7, and plans to deliver over 10,000 units in June. The company aims to deliver more than 100,000 units of the SU7 by 2024 and will focus on the Chinese market for the next three years. Xiaomi’s car, which is inspired by Porsche and is cheaper than Tesla’s Model 3, has sparked a price war in the…
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