A series of notable events unfolded on April 29th involving politics, business, and other sectors. Here’s a roundup:
– **Ola Cabs CEO Resigns, Company to Lay Off 10% Employees**: Ola Cabs CEO Hemant Bakshi has reportedly resigned after just four months in the role. The company is also considering a restructuring that could result in layoffs for over 10% of its employees.
– **Big 6 Audit Firms Strengthen Dominance**: Analysis shows that the ‘Big 6′ audit companies – Deloitte, EY, Grant Thornton, KPMG, MSKA & Associates, and PwC – are handling a growing share of India’s top companies, from 61% in FY23 to 66% in FY24.
– **Prajwal Revanna Suspension**: JD(S) leader H D Kumaraswamy has announced the suspension of Prajwal Revanna, his nephew and Hassan MP, over allegations of sexual abuse. Revanna is a Lok Sabha poll candidate in the current elections.
– **Cerelac Meets Local Standards**: Nestle India claims that its infant cereal brand Cerelac complies with Indian food norms, with added sugars below the permitted limit.
– **Hope for Gaza Deal**: US Secretary of State Antony Blinken expressed hope that Hamas would accept a generous offer to end Israel’s Gaza offensive in exchange for releasing hostages.
– **India’s UPI Transactions Surge**: India recorded a substantial increase in UPI transactions in FY24, totaling approximately 131 billion with a total value of 200 trillion.
– **Teacher Recruitment Scam**: The Supreme Court has stayed a probe into West Bengal government officials’ involvement in the teacher recruitment scam, ordering the CBI not to take any immediate action.
