Joining the mass layoff season, online marketplace OLX Group is slashing 15 per cent of its workforce, or more than 1,500 employees, globally including in India as part of restructuring amid the global meltdown and recession fears.

According to a report in VCCircle, citing sources, it was not clear how many Indian workers will be impacted in OLX layoffs.

Bharti Airtel is looking to raise entry-level tariff in all circles from Rs 99 to Rs 155, a report by Mint said. It has already done so in 18 out of its total 22 circles. It had started raising the tariff on November 21 in Odisha and Haryana.

It was followed by tariff hikes in Karnataka, Bihar, Himachal Pradesh, Andhra Pradesh, the North-East, Rajasthan and Uttar Pradesh (West) on January 24. Later, on December 25, it was hiked in Delhi, Mumbai, Tamil Nadu, Chennai, Uttar Pradesh (East), West Bengal, Punjab, Jammu and Kashmir and Assam.

GAIL (India) Ltd is scouting for long-term gas import deals and hopes to sign one contract shortly to make up for disrupted supplies from a former unit of Russian energy giant Gazprom, its head of finance said on Monday. India's largest gas distributor reported a 93% decline in its December quarter net profit as it transmitted less gas locally due to a reduction in liquefied natural gas (LNG) supply from a deal with Gazprom Marketing and Singapore (GMTS). GAIL is in talks with Abu Dhabi National Oil Co (ADNOC) and many other parties to source gas.

Japanese auto major Suzuki Motor Corporation on Monday said its subsidiary Maruti Suzuki India has crossed 2.5 crore domestic sales milestone earlier this month.

Maruti Suzuki India achieved the sales mark on January 9, 2023.

Suzuki signed a joint venture agreement with Maruti Udyog, the predecessor of Maruti Suzuki in 1982 and rolled out its first car -- Maruti 800 -- in December 1983.

India's Laurus Labs Ltd reported a 32.1% rise in third-quarter profit on Monday, boosted by strong demand in its businesses that make chemicals and other ingredients used in medicines.

The company's consolidated profit rose to 2.03 billion rupees (nearly $25 million) in the three months ended Dec. 31, from 1.54 billion rupees a year earlier.

Dutch consumer electronics and medical equipment maker Philips said Monday it is cutting 6,000 jobs worldwide over the next two years as it revealed a net loss of 1.6 billion euros (USD 1.7 billion) in 2022, down from a net profit of 3.3 billion euros last year.

The job losses come on top of a reduction of 4,000 staff the company announced in October.

RazorpayX, the business banking platform of fintech company Razorpay, on Monday announced its foray into a new product line called 'Forex Service for Startups'.

With an annualised run rate of Rs 350 crore under this forex service to date, the company expects it to scale up by 3-4 times in the next financial year.

A plunge in dollar bonds of Adani Group companies quickened on Monday after a rebuttal by the Indian conglomerate failed to ease concerns following a scathing report last week by short seller Hindenburg Research.

Adani Ports & Special Economic Zone Ltd.’s 2027 note dropped 7.1 cents on the dollar to 72 cents in Hong Kong, hitting a fresh low following an 11 cent tumble last week, Bloomberg-compiled data show.

The curtains will come down on the Congress' Bharat Jodo Yatra on Monday with a ceremony at the party headquarters here and a rally at the Sher-e-Kashmir stadium where several Opposition leaders are also likely to be present.

The "padyatra" concluded at the Lal Chowk area on Sunday with Rahul Gandhi unfurling the national flag but the official closing would take place on Monday in Srinagar, which is witnessing snowfall.

India's Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 billion rout in its stocks, saying it complies with all local laws and had made the necessary regulatory disclosures.

The conglomerate led by Asia's richest man, the Indian billionaire Gautam Adani, said last week's Hindenburg report was intended to enable the U.S.-based short seller to book gains, without citing evidence.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.