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Unacademy moved fast to break things. It ended up with a fracture Unacademy made a string of acquisitions between 2018 and 2022 and launched a series of new products. Many of these products died or have minuscule revenue. Now, the company has narrowed its focus and made a pivot. Can it succeed?

0 to 10,000 in 3 years: Birla sets ambitious target for new paints business Chairman Kumar Mangalam Birla expects the group’s paints business to become profitable with ₹10,000 crore in annual revenue in three years of full-scale operations.Birla also said the group remained committed to Vodafone...

India a top priority market for KKR’s Asia infra play Going ahead, KKR aims to diversify its Indian portfolio equally across roads, renewables, and other promising sectors

Prataap Snacks issues clarification: Yellow Diamond parent 'not in negotiations' with ITC for 47% stake sale Prataap Snacks on Thursday denied reports that claimed that it was in talks with ITC for a stake sale. In its stock exchange filing, the Yellow Diamond parent firm clarified that it was...

Founder and family of Byju’s to not attend EGM, call it invalid People with knowledge of the consortium of investors’ plans said the EGM has been called by key shareholders on 23 February to take stock of the liquidity situation and to oust Raveendran as CEO

Ace Men Engineering Works Q3 FY24 Results Live : profit falls by 53.56% YOY Ace Men Engineering Works Q3 FY24 Results Live : Revenue decreased by 100% YoY & profit decreased by 53.56% YoY

ABB India Q4 CY23 Results Live : profit rise by 10.92% YOY ABB India Q4 CY23 Results Live : Revenue increased by 13.62% YoY & profit increased by 10.92% YoY

Reddit announces IPO plans, strikes $60 million deal with Google for AI training using its posts As part of the agreement, Reddit gains access to Google AI models to enhance its internal site search and other features. In a separate statement, the San Francisco-based company announced plans for...

Bumper earnings from Nvidia could drive another stock market rally in US, say JPMorgan Chase traders JPMorgan Chase & Co.’s trading desk in a report said bumper earnings from Nvidia could fuel another bullish shift toward US stocks and overshadow recent hand-ringing about when the Federal...

Vice Media announces layoffs, changes in content distribution strategy Vice Media plans to layoff several hundred employees and cease publication on its Vice.com website, as the company takes a 'strategic shift' towards a studio model to distribute digital content.

Yulu raises $19.25 mn from existing investors Bajaj Auto, Magna Yulu plans to raise its Series C funding this year to strengthen the mobility-as-a-service segment by deepening existing business lines and expanding into new use cases and geographies

ABB names Morten Wierod as new CEO to replace Bjorn Rosengren Bjorn Rosengren, who joined ABB in 2020, will retire at the end of the year. The 64-year-old Swede will advise and assist 52-year-old Norwegian Morten Wierod, during the transition period, the company said.

Byju’s investor consortium moves NCLT against rights issue This is the first time that the investors—Prosus, General Atlantic, Sofina, Peak XV—have legally moved against Byju's rights issue

J&K's new startup policy to boost entrepreneurial spirit in students, women and HNIs. All you need to know The newly approved policy focuses on boosting entrepreneurship support facilities for students, women, and entrepreneurs. Support will be extended through government, private entities, and...

RBI directs NPCI to examine Paytm's request for being third-party app for UPI According to the RBI, the directive has been issued to ensure seamless digital payments by UPI customers using ‘@paytm’ handle (operated by the Paytm Payments Bank) and minimise concentration risk in the UPI system.

Pernod Ricard India to invest up to ₹1,800 crore to set up malt spirit distillery in Nagpur Once complete, the distillery will be one of the largest in India, capable of producing up to 60,000 litres of malt spirit a day.

Vodafone Idea launches pilot with Mavenir for commercial Open RAN deployment The telco is exploring next-generation radio solutions that promise long-term benefits, including the potential for widespread 5G deployment

Zee Ent forms independent advisory committee headed by ex-HC judge amid negative public opinion The committee will be chaired by Dr. Satish Chandra, a retired judge from the Allahabad High Court. Additionally, Uttam Agarwal and P V Ramana Murthy, both independent Directors of the company, will...

ZEE board forms advisory panel to curb ‘erosion of investor wealth’ Misinformation, market rumours and speculation have led to negative public opinion and consequent erosion of investor wealth, the company said

What to do if you have a Paytm UPI handle? RBI advises this… RBI asked NPCI to examine the possibility of migrating Paytm Payments Bank customers using the UPI handle '@paytm' to 4-5 other banks.