Myntra To Lay Off Employees Amid Restructuring
Flipkart-owned fashion ecommerce platform Myntra has started a restructuring exercise, which is set to lead to layoffs.
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Flipkart-owned fashion ecommerce platform Myntra has started a restructuring exercise, which is set to lead to layoffs.
As its profitability and traction have declined, Nykaa needs to fix things for the long run without losing too much money as it does not have the deep capital reserves that rivals can currently boast of
Axis Bank's prestigious Magnus credit card is set to lose some of its appeal as the bank devalues rewards and excludes certain payments from earning points. The changes will take effect from 1 September 2023, causing disappointment among users
With effect from September 1, Axis bank has made the decision to reduce the value of rewards on the card and stop some payments from collecting reward points.
The card would lose its monthly milestone benefit of 25,000 points and the annual fee of Axis Magnus has also been increased from Rs 10,000 + GST to Rs 12,500 + GST