News Desk

Aerospace and Transportation company Bombardier to cut 5,000 jobs worldwide.

Bombardier Inc., the multinational aerospace and transportation company based in Canada on Thursday announced its plans to cut 5,000 jobs as part of an effort to streamline operations and reduce costs. The Canadian plane and train maker has production and engineering sites in 28 countries and nearly 70,000 employees worldwide. Bombardier is currently in the middle…

Fortis Healthcare CEO Bhavdeep Singh resigns.

Bhavdeep Singh Fortis Healthcare Ltd on Thursday said Bhavdeep Singh, the Chief Executive Officer (CEO) of the company has resigned from his position citing personal and professional reasons. “At the request of the Board, Mr. Singh has agreed to continue in his current capacity till such time his succession planning is crystallised,” Fortis said in…

Tesla announces Robyn Denholm as its New Board Chair.

Robyn Denholm Tesla Inc. has named Robyn Denholm as chair of its board, replacing its founder Elon Musk, who agreed to step down from the post as part of a settlement with U.S. Securities and Exchange Commission. Earlier, The Securities and Exchange Commission (SEC) filed a suit in New York accusing Musk of fraud, alleging his fake tweets about…

Meesho raises $50 million in its series-C funding round from Shunwei Capital, DST Partners, and RPS Ventures.

Meesho, an Indian-origin social commerce platform on Tuesday announced that the company had raised $50 million in Series C funding from new investors including Shunwei Capital, DST Partners, and RPS Ventures. Existing investors Sequoia India, SAIF Partners, Venture Highway, and Y Combinator also participated in the round. Total funds raised by Meesho in three funding rounds…