Uber trims quarter of workforce in India

New Delhi

Uber on Tuesday said it is laying off about 600 employees in India — about a quarter of its staff in the country — as business has taken a major hit amid Covid-19 pandemic. The development comes days after rival Ola had announced laying off 1,400 people from its rides, financial services and food business. PTI

New Delhi
Vedanta seeks approval of shareholders for delisting

Billionaire Anil Agarwal-controlled Vedanta Ltd on Tuesday began the process of seeking shareholders nod for delisting the company. The firm through a postal ballot sought shareholders nod to delist after Agarwal’s Vedanta Resources Ltd offered to buy out about 49.9% of public shareholding at a price of Rs 87.5 per share, it said in a regulatory filing. PTI

New Delhi
Maruti partners ICICI Bank to offer retail financing

Maruti Suzuki India (MSI) on Tuesday said it has joined hands with ICICI Bank to offer retail financing schemes to its customers. As part of the tie-up, ICICI Bank is offering flexi EMI scheme which enables customers to pay low EMI initially, in order to help them overcome the liquidity stress due to the Covid-19 pandemic, it said. PTI

New Delhi
Reliance launches JioMart brand across 200 cities

Reliance Industries has launched an online extension of its grocery business under JioMart brand across 200 cities. The service is being offered in all metros and even in smaller towns. PTI