Adidas Hit with Investor Lawsuit Over Collapse of Partnership with Ye
Adidas AG is being sued by investors who claim the German sports giant knew the risks of working with Ye long before his anti-Semitic comments...
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ED Raids BYJU’s for Alleged FEMA Violations
On Saturday, the Enforcement Directorate (ED) said it raided three premises of Edtech major BYJU’s CEO Raveendran in Bengaluru and seized “incriminating” documents and digital...
Over 400 Small-Caps Gain 10-102% as Markets Surge in April
Amid global market turmoil, Indian indices performed well in the week ended April 28 and also gained 4% in April, their best gain in five...
L&T Finance Q4 Net Rises 46% to Rs 501 Crore on Higher Loan Sales, Margins
On Friday, retail-focused non-bank lender L&T Finance Holdings reported a 46% year-on-year rise in consolidated net income to Rs 501 crore in the March 2023...
IDBI Bank Q4 Net Profit Up 64% to Rs 1,133 Crore
IDBI Bank reported on April 29 that its stand-alone net profit rose 64.1% to Rs 1,133 crore in the March quarter. Net profit for the...
OpenAI Closes $300 Million Funding at $27-$29 Billion Valuation
On Friday, OpenAI, the corporation behind the ChatGPT chatbot, locked a more than $300 million share sale at an estimation between $27 billion and $29...
Swiggy Starts Charging Rs 2 Platform Fee Per Order from Users in Metro Cities
Swiggy, the online food delivery startup, has started charging users a “platform fee” of Rs 2 per food order, irrespective of the cart value. The...
First Republic Plummet Nearly 50%, for the 2nd Time This Week, Over Possible FDIC Receivership
After a report stated that the troubled lender was most likely going to be placed under the supervision of the United States Federal Deposit Insurance...
PM Modi to Hold Road Show, 3 Public Meetings in Karnataka
On April 29, Prime Minister Narendra Modi will address three public meetings and hold a road show in Karnataka, embarking on a two-day visit to...
India’s Foreign Exchange Reserves Fell by $2.1 Billion
For April ending quarter, the country’s foreign exchange reserves tumbled by $2.1 billion to reach $584.2 billion, according to the latest data released by the...