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Edtech Unicorn Eruditus Lays off Employees to Focus On Profitability
Ed-tech platform Eruditus Group, which is valued USD 3.2 billion, is laying off a section of its employees, India and globally, as a part of its business restructuring to focus on profitability.
- Categories
- Education, Technology
- Region
- Asia Pacific
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PepsiCo Invests in Plant in India
PepsiCo India has unveiled plans to invest nearly $24 million to expand its manufacturing facility in Kosi Kalan, Mathura, in Uttar Pradesh.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Business Solutions to a Humanitarian Crisis: Nine Things Companies Must Understand to Support Refugees from Ukraine – And Around the World
As war rages in Ukraine, humanitarian efforts have struggled to keep pace with the needs of the refugees displaced by the conflict. According to Betsy Alley, an independent researcher and analyst with expertise in refugee business investment, the private sector can help. But how can businesses best contribute to something that has traditionally been a humanitarian affair? She shares nine learnings from the refugee crises of recent years, which show how enterprises and their employees can serve and empower refugees while also benefiting host communities – and their own businesses.
- Categories
- Investing
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Starbucks is Exiting Russia, Shutting 130 Stores
Starbucks is leaving Russia after 15 years in business. The coffee chain had temporarily shut down its stores in March over Russia's invasion of Ukraine.
- Categories
- Uncategorized
- Region
- Europe & Eurasia
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Tesla to Build EV and Battery Storage Factory in Indonesia
It would be Tesla’s third electric vehicle factory outside its home market, and would help to supply growing demand for electric vehicles in the South-East Asian and Pacific region.
- Categories
- Energy, Technology, Transportation
- Region
- South Asia
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Press Release: Recycled Plastic Content Pledges By Coca-Cola And Pepsi Won’t Save The Oceans
New research finds leading beverage giants’ recycled content goals won’t address 93% of aquatic plastic bottle pollution. Oceana’s response: it’s time to switch to refillables.
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- WASH
- Region
- Global
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In Defense of Wealth Creators: Why Globalization, Outsourcing – And Rich People – Are a Good Thing for Developed and Emerging Economies
International trade breaks down borders and provides societal and economic advancements in countries around the world. But as Derek Bullen at S.i. Systems points out, despite these benefits, there's a widespread perception that the businesses and individuals that drive this globalized, free market system only bring wealth to themselves. He argues that criticisms of globalization – and the outsourcing and wealth concentration it involves – are fundamentally flawed, and explains how wealthy individuals and their businesses benefit both affluent and emerging economies.
- Categories
- Uncategorized
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Vivriti Capital Bags $30 Million From TVS Capital To Close Series C; Total Funding Reaches $200 Million
The funds will be utilised for business and technology expansion for customer acquisitions, product delivery and portfolio management, the startup said in a statement.
- Categories
- Technology
- Region
- Asia Pacific
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