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Govt weighs SFIO probe after auditor exit at Byju’s The ministry has already examined the legalities and the procedures for making a reference to SFIO over the last few days

Elon Musk Is Making Mark Zuckerberg Seem Cool Again The Facebook co-founder is seizing the moment with a win after years of tumult

Shein Takes on Amazon in the Business of Selling Everything Founded in China as fast-fashion retailer, the company is now positioning itself as a marketplace for practically anything

India books record Airbus orders in June 2023: Report India's demand for Airbus orders surged in June, with 1,044 net orders in the first half of the year. Efforts by Indian airlines to serve the country's growing aviation market have led to industry records, despite supply chain issues.

Blume Ventures shifts strategy, cuts ‘frivolous’ investments alarmed by crises at homegrown startups such as Byju’s One of India’s biggest venture capital firms is turning more cautious in its investment strategy, alarmed by crises at homegrown startups such as ed-tech leader Byju’s.

SpaceX gets licenses in Mongolia to offer high-speed internet via Starlink Satellites: Report SpaceX has been granted licenses by the Mongolian government to function as an internet service provider using low-orbit satellites, expanding high-speed connectivity in Mongolia.

FMCG Sector Q1FY24 Preview: Demand to gain traction; softer commodity costs to boost margins With the high-cost inventories being consumed by most of the companies and the impact of price hikes being entirely absorbed, gross margins are expected to improve YoY.

SC directs SpiceJet to pay entire arbitration award of ₹380 cr to Maran The SC also dismissed pleas filed by Spicejet seeking an extension to pay ₹75 crore to Kal Airways and Kalanithi, and observed that filing applications to seek extension is a delay tactic.

NTPC Group’s total installed capacity touches 73,024 MW With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity

Jindal Aluminium to invest ₹100-150 cr in Bhiwadi plant to boost capacity The latest planned investment follows the company's ₹250 crore infusion into the facility in 2022, after an initial ₹100 crore investment for acquisition in 2021

Twitter threatens to sue Meta for hiring employees Elon Musk fired saying they would be of ‘great use elsewhere’ Twitter threatens to sue Meta Platforms over its new Threads platform, accusing the parent company of hiring former Twitter employees to create a ‘copycat’ app. Meta, which launched...

Jaiprakash Associates defaults on ₹4,044-crore loans, including principal, interest amount Jaiprakash Associates Ltd (JAL), in a regulatory filing, said that on June 30th defaulted on repayments of a principal amount of ₹1,660 crore and interest of ₹2,384 crore.

Indian startups witness 72% decline in funding during H1 2023: Report Indian startup funding declined by 72% in H1 2023 compared to the same period last year, with $5.5bn in total funding. The number of funding rounds also decreased. However, India is still a fast-growing economy with potential...

Cipla recalls six batches of inhalers due to container defect Cipla USA is recalling six batches of Albuterol Sulfate Inhalation Aerosol due to a device defect that may prevent the delivery of the recommended dose

Tesla Inc. cuts battery production workforce in Shanghai amid fierce price war in China, suggests report Tesla has reportedly initiated layoffs of battery production workers at its Shanghai plant due to a challenging price war in China's car industry. The exact number of affected workers and...

Nykaa Q1 business update: Revenue expected to grow in mid-twenties; Beauty and Personal Care categories remains strong Nykaa expects its Q1FY24 consolidated revenue to grow in the mid-twenties YoY, with strong demand in the beauty and personal care categories. However, it anticipates slower...

Amazon CEO evaluates budgets for major shows, including Citadel, amid disappointing performance and potential layoffs Amazon CEO Andy Jassy has requested a budget analysis for major shows, including the underperforming series Citadel, which failed to captivate viewers as expected. The show...

NCLT to hear plea by Go First lessors on August 4 The Delhi high court, in an interim order on Wednesday, directed the Directorate General of Civil Aviation (DGCA) and airport authorities to allow Go First’s lessors’ representatives and officers to inspect the 30 parked aircraft within the next...

TCS to train 25K staff on Azure, OpenAI Gen AI tools TCS also launched a generative AI business offering, called TCS Generative AI Enterprise Adoption, which will offer deployments of OpenAI’s generative AI business tools via the Azure platform to businesses.

P&W must supply 5 engines per month to Go First: SIAC Both parties have also been directed to provide the tribunal with quarterly updates