February 2025 – Page 40

ED raids Eros International Mumbai office in ₹2,000 crore forex violation case

The investigating agency stated that the probe was initiated based on a Securities and Exchange Board of India (SEBI) investigation into the Eros Group and its promoters

In a statement, the Enforcement Directorate (ED) said the searches were part of an ongoing probe into alleged “fund diversion” by Eros International Media Ltd and other entities within the Eros Group.

Infosys denies mass layoffs reports, says it has a ‘rigorous hiring process’

Infosys reports 21.8% decline in standalone profit in Q4 FY25

According to Infosys, the company let go of 300 trainees after they failed to clear the internal assessments.

NCLAT orders NCLT to decide on BCCI-Byju’s settlement within a week

On 29th January, the NCLT had ordered disciplinary action against Pankaj Srivastava, the Resolution Professional (RP) overseeing Byju’s insolvency proceedings.

The NCLT’s Bengaluru bench admitted BCCI’s insolvency plea against Byju’s parent company, Think & Learn Private Limited, on 16th July last year.

SEBI fines Brightcom Group | FMCG giants’ Q3 ad spend | Ratan Tata’s will shocks

The regulator levied a penalty of ₹15 crore each on Brightcom’s promoters, M Suresh Kumar Reddy and Vijay Kancharla.

Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.

Infosys under fire for mass layoffs; NITES plans complaint to labour ministry: Report

Infosys reports 21.8% decline in standalone profit in Q4 FY25

The recruits waited for two years before being onboarded in October 2023 with annual packages of Rs 3.2- Rs 3.7 lakh for system engineer roles.

SEBI fines Brightcom Group ₹34 crore for financial misrepresentation

The regulator levied a penalty of ₹15 crore each on Brightcom’s promoters, M Suresh Kumar Reddy and Vijay Kancharla.

Sebi concluded that BGL and its promoters engaged in fraudulent practices, violating the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations, and took action accordingly.

Delhivery appoints Vani Venkatesh as Chief Business Officer

Vani will lead Delhivery’s key business units including the core transportation businesses

Vani Venkatesh has previously served Airtel in various management roles including CEO for Global Business, CEO for Delhi NCR Region, Chief Marketing Officer & CEO for their Retail Business.

Ola Electric’s Q3 losses widen to Rs 564 crore, revenue declines 19.4%

In a restructuring exercise, Ola mentioned that it will be automating its customer relations operations.

Ola Electric’s Q3 FY 25 revenue declined by 19.4 percent to Rs 1,045 crore YoY

Unilever backs women’s football as official sponsor of UEFA Women’s EURO 2025

The tournament, set to take place in Switzerland this summer (2–27 July), is anticipated to be the most viewed and attended UEFA Women’s EURO to date

Unilever and The Union of European Football Associations (UEFA) have today named brands from Unilever’s Foods and Personal Care Business Groups as Official Sponsors of UEFA Women’s EURO 2025.

AI-driven national consumer helpline sees exponential growth, enhancing grievance redressal across sectors

With NCH’s AI-driven, sector-specific analysis, these convergence partners can now act more effectively and efficiently in resolving consumer issues, thereby enhancing consumer trust and satisfaction.

Consumers can utilize the National Consumer Helpline via a toll-free number 1915 or on web portal.