Business news

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

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

Swiggy CEO Sriharsha Majety on Thursday said that their food delivery business has turned profitable (as of March 2023), after factoring in all corporate costs, excluding employee stock option costs.

May 18, 2023

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

Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China.

May 9, 2023

Bengaluru man flings currency notes off flyover, causes commotion, traffic; booked [details]

Bengaluru-based VC firm 3one4 Capital raises Rs 1,600 cr in new fund

Bengaluru-based early stage venture capital firm, 3one4 Capital on Monday said it has closed its fourth early-stage fund (sixth fund overall) at $200 million (about Rs 1,600 crore).

May 8, 2023

Markets This Week: Expect sideways movement with focus on Smallcap and midcap space

The week gone by had four trading sessions, but it had plenty of action and behaved on expected lines. It began positively, went sideways, gained and then crashed. At the end of it all, it was a flat week but with all important levels being touched, writes Arun Kejriwal

May 8, 2023

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

The initial investigation after the recent searches at BYJU'S have so far found no Foreign Exchange Management Act (FEMA) violations by the edtech firm, according to sources.

May 7, 2023

Accenture rejigs top India leadership; Chairperson Rekha Menon to retire [details]

Ajay Vij has been appointed to the newly-created role of Country Managing Director, and Sandeep Dutta takes over as the lead for its India Market Unit, the company said in a statement.

May 5, 2023

How modern tech is helping professionals transition to a profitable PM career

Nick Stekovic is striving to make his program reach every struggling professional, and he is well on his way.

May 4, 2023

After trip in Rolls Royce, UAE-based Indian business couple awards International trip to workers

Haseena Nishad, managing director of the company had received Sharjah Government's honor in recognition of her outstanding labor welfare work

May 4, 2023

US heading for monetary crisis? Impact could rattle global financial markets [Analysis]

Any default on interest payments by the US government on its securities would lead to a global monetary crisis plus an internal constitutional monetary crisis, writes T.N. ASHOK

May 4, 2023

Who is Ajay Banga; Indian-origin former Mastercard CEO becomes 14th President of World Bank

Ajay Banga, an Indian-origin American, was on Wednesday selected as the President of the World Bank by its executive directors for a five-year term starting June 2.

May 3, 2023

While most global equity markets are rising 5-20% in 2023, India is flat

The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services said in a report.

May 3, 2023

Flipkart expands footprint in Telangana with new fulfillment centre; bolsters supply chain infra [details]

India's leading e-commerce player Flipkart has expanded its footprint in Telangana and strengthened its supply chain infrastructure with the launch of a new fulfillment center in Sangareddy.

May 2, 2023

Earn Up to 7.95% As PNB Housing Finance Raises AA-Rated Fixed Deposit Rates

PNB Housing provides reliable savings options for individuals as well as companies with the PNB Housing Finance Fixed Deposits

May 1, 2023

Swiggy begins charging Rs 2 'platform fee' per food order from users

Online food delivery platform Swiggy has started charging all users a "platform fee" of Rs 2 per food order, irrespective of the cart value.

Apr 29, 2023

5 Simple Ways To Fast-Track Loan Approval For Professionals In India

Various financial institutions today offer professional loans, and these are mostly unsecured. However, if you are applying for a significant loan amount, you may have to pledge your asset as collateral

Apr 26, 2023

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Business news

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

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

Bengaluru-based VC firm 3one4 Capital raises Rs 1,600 cr in new fund

Markets This Week: Expect sideways movement with focus on Smallcap and midcap space

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

Accenture rejigs top India leadership; Chairperson Rekha Menon to retire [details]

How modern tech is helping professionals transition to a profitable PM career

After trip in Rolls Royce, UAE-based Indian business couple awards International trip to workers

US heading for monetary crisis? Impact could rattle global financial markets [Analysis]

Who is Ajay Banga; Indian-origin former Mastercard CEO becomes 14th President of World Bank

While most global equity markets are rising 5-20% in 2023, India is flat

Flipkart expands footprint in Telangana with new fulfillment centre; bolsters supply chain infra [details]

Earn Up to 7.95% As PNB Housing Finance Raises AA-Rated Fixed Deposit Rates

Swiggy begins charging Rs 2 'platform fee' per food order from users

5 Simple Ways To Fast-Track Loan Approval For Professionals In India

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]