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IvyCap Ventures closes third fund, raises ₹2,100 crore With this close, the firm's AUM has risen to ₹5,000 crore

KFC Malaysia Shutdown: Why fried chicken has become ‘collateral damage’ amid global McDonalds and Starbucks boycott KFC Malaysia closed multiple outlets amidst economic challenges linked to Israel-Palestine boycotts. Reports reveal that over 100 out of the 600 stores in the country have been...

Tesla layoffs: Elon Musk fires 2 senior executives, hundreds more to get pink slips as sales decline — report Tesla CEO Elon Musk plans to dismiss everyone working for the sacked senior executives, including the roughly 500 employees who work in the supercharger group, according to a report by...

FirstCry refiles draft IPO papers; posts ₹4,814 cr revenue in Apr-Dec, loses widen The online retailer re-submitted the DRHP after Sebi sought additional details on KPIs and December financials

IOC Q4 Results: Net profit drops 40% QoQ to ₹4,838 crore; declares dividend of ₹7 IOC Q4 Results: IOC’s Q4FY24 revenue from operations fell to ₹2.19 lakh crore from ₹2.23 lakh crore, QoQ. Average Gross Refining Margin (GRM) for the year April-March 2024 is $12.05 per barrel.

Unease at Cognizant, Capgemini, Accenture over rise of AI risks Global technology services leaders flag risks from increasing AI adoption. Homegrown companies TCS, Infosys, HCL Tech too may make similar mentions in their annual reports

Delhi HC bars Ashneer Grover from selling BharatPe shares transferred by co-founder The court allowed an interim relief application filed by Koladiya in the share ownership case and said it has passed an interim order in the matter, pending final trial

Manipal Hospitals to continue expanding across the country: CEO Dilip Jose The private hospital network on Monday announced the acquisition of an 87% stake in Medica Synergie in a deal that industry sources said is worth an estimated ₹1,400 crore. It is keen to augment its footprint in key...

Trials on at Delhi, Bengaluru, Mumbai airports to install full body scanners Full body scanners can detect and locate forbidden objects concealed under a person's clothing. In contrast to metal detectors used extensively at passenger airports, these devices can also detect non-metallic objects...

MDH, Everest spice makers fall under Australia's FSANZ radar, after ban in Hong Kong, Singapore, says report Soon after Hong Kong and Singapore banned MDH and Everest masala on the grounds of using cancer-causing pesticides, Food Standards Australia New Zealand has also announced that it will...

RPG Group in for a do-over as a scion takes charge After taking a cautious approach over the last decade, the RPG Group may be gearing up to change tack as the third generation of the promoter group’s takes charge. As Anant Goenka settles in as the group’s vice chairman, RPG may become more...

Reliance buys its first Canadian crude from Trans Mountain pipeline, sources say Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May. The Canadian government-owned pipeline expansion...

Triveni Engineering may have to exit or pay more for Sir Shadi Lal Enterprises: InGovern Triveni Engineering had made an open offer of ₹262.15 per share for acquiring a controlling stake in SSLE in January

Manipal Hospitals acquires 87% stake in Kolkata's Medica Synergie The latest acquisition will see the Karnataka-based hospital chain increase its bed count from 9,500 currently to more than 10,500, making it the largest healthcare group in the country, it said in a statement.

Kids retailer FirstCry to refile DRHP with updated financials The Pune-based company is looking to raise $500 million from its public listing

Startup investors are hunting outside unicorn zone Unicorns, or companies valued above a billion dollars, have been finding it difficult to raise capital in the last 12-18 months of the funding winter

Wipro?s new CEO Srinivas Pallia to get $7 million remuneration India?s fourth-largest technology services company has also agreed to pay $4.33 million to former CEO Thierry Delaporte

Google layoffs: Sacked employee posts ordeal on Linkedin — 'longest 5 minutes in my life' Matt Hu, a former Google employee, described the night he came to know about his layoff. He was shown the door along with his manager and other members of his team.

Bahrain's Investcorp buys NSE IT for ₹1,000 cr, to double down on software deals in India Nearly 70% of the Bahrain-based investor's India pipeline is focused on companies in the software services and healthcare sectors

UltraTech's Q4 net profit rises 36% y-o-y on lower fuel costs; beats estimates Consolidated revenue from operations increased 9.4% y-o-y to ₹20,419 crore in the three months through March 2024. Bloomberg had estimated the company to report ₹2,123 crore in PAT and a revenue of ₹20,084 crore for...