Companies

Upcoming tech parks in Bengaluru; over 25 mega projects to transform North B'luru [see list]

From Infosys to SAP Labs and Boeing to Philips Innovation Campus, there are a lot of exciting new tech campuses on the horizon for Bengaluru's north part.

Sep 14, 2023

SoftBank likely sold 10 cr shares in Zomato for Rs 947 crore; stock up [details]

Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company's equity, changed hands on Wednesday at a total deal value of around Rs 947 crore.

Aug 30, 2023

The strange media company behind Gen-Z social feeds that could be worth millions.

In an interview this summer, Justin Jin, a high school senior, talked about his rising entertainment brand Poybo Media and teenage entrepreneurship.

Aug 28, 2023

The 10 Most Highly Anticipated Public Listings of 2023

As we venture further into 2023, the financial world sits on the edge of its seat, eagerly awaiting a series of highly anticipated Initial Public Offerings (IPOs). Several innovative, rapidly growing companies across industries such as technology, biotech, and green energy, are predicted to make their debut on the stock market.

Aug 16, 2023

Air India gets new logo; Maharaja will "live on": New website, app launched [details]

Air India's new logo's composition and significance underscore the importance of colors, patterns, and shapes, as well as their collective representation. However, the true testament of its worth lies in the actions that follow.

Aug 10, 2023

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

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