Companies

Homegrown gaming platform MPL lays off 50% of workforce amid 28% GST regime

Homegrown online gaming platform Mobile Premier League (MPL) is reportedly slashing its workforce by nearly 50 per cent that will impact around 350 jobs, as the 51st GST Council meeting stayed firm on taxing online gaming at 28 per cent on gross value collected.

Aug 8, 2023

RIL's exports cross Rs 3.4 trillion; represents India's 9.2% total exports [details]

Reliance India Limited's exports for the year was Rs 3,40,048 crore (US$ 41.4 billion), a strong jump of 33.4 per cent from FY22 exports of Rs 2,54,970 crore (US$ 33.6 billion).

Aug 6, 2023

Global Business Trends: Has Wyoming Become a Tax Haven?

Wyoming is one of several states that allows customers to put a private company (usually controlled by family members) in charge of their trust, ensuring complete control over the assets and an extra layer of financial secrecy.

Aug 4, 2023

Sky is the limit: IndiGo is now tenth largest airline by capacity globally; growth indisputable [details]

IndiGo is soaring high with record Rs 3100 crore quarterly profit in June; that's Rs 35 crore per day

Interglobe Aviation Ltd, that owns Indigo Airlines, on Wednesday announced that it will be floating a Limited Liability Partnership to invest in startups after closing the first quarter of 2023-24 with a net profit of Rs 3,087.2 crore.

Aug 3, 2023

Karnataka Govt -Foxconn sign Letter of Intent for two projects; Investments of worth Rs 5,000 crore

Karnataka Govt - Foxconn sign Letter of Intent for two projects; Investments worth of Rs 5,000 crore

The Karnataka government and iPhone maker Foxconn have signed a Letter of Intent (LOI) for two projects with an estimated investment outlay of Rs 5,000 crore generating 13,000 jobs, state Large and Medium Industries Minister M.B. Patil said on Wednesday.

Aug 2, 2023

Binny Bansal, Accel, Tiger Global Bid Farewell to Flipkart: Walmart pays top dollar [details]

Retail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global's remaining shares in the e-commerce major.

Jul 31, 2023

Dr. Reddy's Enters Trade Generics, Child Nutrition, Expanding Its Indian Footprint

This recent development coupled with the steady progress Dr. Reddy's has made in recent years to penetrate the all-important Indian market has positioned the company well to grow alongside the booming Indian pharmaceuticals market.

Jul 20, 2023

Binance lays off 1,000 employees after wave of executives exit: Report

These layoffs are happening just a few days after several top executives left the company including its Chief Strategy Officer Patrick Hillmann

Jul 16, 2023

Jet engines, armed drones for India likely in Modi-Biden talks [details inside]

The US has cleared the joint production of GE's F 414 jet engines in India giving a "new" direction to ties between the two countries, a senior US White House official told reporters on the eve of President Joe Biden's official state dinner for Prime Minister Narendra Modi.

Jun 22, 2023

Government intervenes to save IndiGo from Jet Airways-like crash landing

IndiGo expands int'l network; starts flights to six destinations in Africa, Central Asia [see list]

IndiGo has now launched flights to six new destinations in Africa and Central Asia with 174 weekly flights between June and September 2023.

Jun 3, 2023

Staying Ahead of the Curve is About More Than Smart Marketing; Ankur Goel's GTM Strategic Playbook Centers Around Product Innovation, Refreshed Pricing Models, and a Shift in the Customer Experience

Changing the fundamental components of a business model is challenging and intricate, but Ankur Goel saw an opportunity to better meet the conditions of the industry and jumped on it.

Jun 2, 2023

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Companies

Homegrown gaming platform MPL lays off 50% of workforce amid 28% GST regime

RIL's exports cross Rs 3.4 trillion; represents India's 9.2% total exports [details]

Global Business Trends: Has Wyoming Become a Tax Haven?

IndiGo is soaring high with record Rs 3100 crore quarterly profit in June; that's Rs 35 crore per day

Karnataka Govt - Foxconn sign Letter of Intent for two projects; Investments worth of Rs 5,000 crore

Binny Bansal, Accel, Tiger Global Bid Farewell to Flipkart: Walmart pays top dollar [details]

Dr. Reddy's Enters Trade Generics, Child Nutrition, Expanding Its Indian Footprint

Binance lays off 1,000 employees after wave of executives exit: Report

Jet engines, armed drones for India likely in Modi-Biden talks [details inside]

IndiGo expands int'l network; starts flights to six destinations in Africa, Central Asia [see list]

Staying Ahead of the Curve is About More Than Smart Marketing; Ankur Goel's GTM Strategic Playbook Centers Around Product Innovation, Refreshed Pricing Models, and a Shift in the Customer Experience

Go First Gone: 11th private airline to 'drop' out of skies in a decade

Swiggy's food delivery biz turns profitable; CEO shares excitement on historic feat

LinkedIn lays off 716 employees; shuts China app [details]

No FEMA violations found so far after ED searches at BYJU'S [details]

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]