LiveSwiggy to Acquire Retail Distribution Company Lynk For an Undisclosed Sum
Online food delivery platform Swiggy said it had acquired retail distribution company Lynk Logistics Ltd to enter the massive retail market. Both companies have not...
Category : BUSINESS
HCL Technologies First Quarter Review
Information technology major HCL Technologies first quarter missed the street’s mark on all fronts of profit, revenue, and profitability. Shares of HCL lost 2% in...
Reliance Retails Ventures Makes Offer for Future Enterprise Along with Jindal, GBTL
Mukesh Ambani-led Reliance Retail Ventures, Jindal (India) Ltd, and Donear Industries-owned textile maker GBTL Ltd have submitted a resolution plan for bankrupt Future Enterprise Limited...
No Public Sector Bank to be Privatised Till 2024 General Election
According to a Top government official, the privatisation of Public Sector Banks (PSB) is unlikely to happen before the 2024 general election. The official added,...
Wipro Plans to Invest $1 Billion in AI
Indian IT giant Wipro Ltd announced that it plans to Invest $1 billion in Artificial Intelligence (AI) over 3 years. The investment will focus on...
Center Orders Probe into Byju’s Account Books
The Indian government has ordered an inspection into the account books of edtech startup Byju’s account books. The Ministry of Corporate Affairs has sought a...
Tata Group Becomes India’s First iPhone Manufacturers
Tata Group is closing in on a deal to acquire Apple’s Supplier Wistron’s Factory in India. The company is valued at over $600 million and...
Tata Communication Company to Acquire Remaining Stake in Oasis Smart Sim Europe SAS
Tata Communications International Pte Ltd., a wholly owned arm of Tata Communications, said it has entered into a share purchase agreement to acquire the remaining...
Icahn Enterprises Shares Rebound as Carl Icahn Ammends Personal Loan Agreements, Adds $1 Billion to Net Worth
Icahn Enterprises (IEP) shares jumped as much as 22% after Carl Icahn announced that he had reconstructed $3.7 billion in personal loans, leading to a...
CFO of Uber to Step Down in Most Senior Executive Exit Since IPO
Uber Technologies Inc Chief Financial Officer (CFO) Nelson Chai has planned to resign. This marks the most significant executive departure since the company’s IPO 2019....