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FMCG ad dollars seen rising in Q4 Cooling raw material prices and competition from local players have led to an increase in advertising and promotion budgets for large packaged goods companies in India.

Layoffs continue to roil software industry with 32,000 jobs cut So far, some 32,000 tech workers have lost their jobs in 2024 according to Layoffs.fyi, a startup that has been tracking job cuts in the industry since the pandemic

Paytm says company, founder not being probed by ED for money laundering A Reuters report said on 3 February that India's financial crime fighting agency will probe Paytm Payments Bank if any fresh charges of fund siphoning are found

Pristyn Care’s fitness tech biz to raise up to $75 mn The growth the wearable and fitness-tech industry has seen in the last 24-36 months makes BeatXP an ideal candidate to raise capital

Paytm denies ED probe against company, CEO Vijay Shekhar Sharma for money laundering ‘Neither the company nor its founder and CEO Vijay Shekhar Sharma are being investigated by the Enforcement Directorate regarding inter alia money laundering’, Paytm said

Mukesh Ambani ranked first in Brand Guardianship Index 2024 among Indians, second globally Brand Finance's survey gave Mukesh Ambani a BGI score of 80.3, just below 81.6 of Huateng Ma of China-based Tencent

Govt likely to push for Air India units’ stake sale in FY25 The government is considering the disinvestment of Air India's subsidiaries in FY25, including AIATSL, AASL, AIESL, and HCI.

Zee-Sony merger deal fallout: Zee can go to India tribunal to enforce Sony merger deal Zee-Sony merger deal fallout: Zee Entertainment plans to enforce a $10 billion merger with Sony's Indian unit through an Indian tribunal after Sony's emergency petition was rejected by the Singapore...

Q3 results today: Bharti Airtel, Ashok Leyland among 122 companies to announce their December quarter earnings today Tata Chemicals, TVS Supply Chain Solutions, eMudhra, Fusion Micro Finance, Ideaforge Technology, Insecticides (India), Linde India, Unichem Laboratories, Varun Beverages, Vijaya...

Birla Group's arm, Birlasoft ventures into AI with launch of Cogito Birlasoft introduces Cogito, a Generative AI platform, leveraging AI algorithms, machine learning, and deep learning to optimize businesses and make data-driven decisions.

French bank Societe Generale announces 900 job cuts in cost-cutting program Societe Generale, France's third-biggest listed bank, plans to cut about 900 jobs at its Paris headquarters through voluntary departures as part of a cost-cutting program.

Byju's puts footballer Lionel Messi's million-dollar deal on hold: Report BYJU's had announced in November 2022 that the company had roped in football star Lionel “Leo” Messi as the first global brand ambassador of its social impact arm 'Education For All'.

Airtel Q3 profit up 54.8% at ₹2,442 cr, ARPU rises 7.7% Bharti Airtel MD Gopal Vittal says to ensure industry health, tariff repair is extremely critical

SC to decide on IOC-Arcelor Mittal Nippon Steel case next week The three-judge bench instructed the parties to submit their written responses by 9 February.

JSW apportions ₹6,000 crore for acquisitions in port sector JSW Group is evaluating all privatization prospects offered by the government, including the ambitious trans-shipment port project at Galathea Bay in the Great Nicobar Island

Snapchat parent Snap to layoff 10% of its workforce in fresh round of job cuts The Snapchat parent expects incurring pre-tax charges, mainly comprising severance and associated expenses, as well as other charges, with an estimated range of $55 million to $75 million

Ashok Leyland Q3 results: Net profit jumps 61% YoY to ₹580 crore, revenue comes in at ₹9,273 Ashok Leyland Q3 results: Company reports net profit of ₹580 crore, revenue increases to ₹9,273

Byju’s pays January salaries; CEO says struggle was even bigger this time In a letter to employees, co-founder and CEO Byju Raveendran said he had to move “mountains for months to make payroll”.

Tata Steel proposes additional support package of 130 million pounds for Port Talbot workers in UK The firm will close both the high-emission blast furnaces and coke ovens in a phased manner in 2024 and shift to an (electric arc furnace) EAF-based steel making at a cost of about 1.25 billion...

Will Enforcement Directorate probe Paytm Payments Bank? PPBL issues clarification, says, ‘ no probe…’ Paytm Payments Bank clarifies that there is no probe against the bank or One97 Communications Ltd by the Enforcement Directorate (ED)