Food delivery platform Swiggy has received approval from shareholders for its $1.2 billion initial public offering (IPO). The company plans to raise up to ₹3,750 crore ($450 million) through a fresh issue and ₹6,664 crore ($800 million) through an offer-for-sale component. Swiggy has been preparing for the IPO since last year and is likely to open for subscription sometime this year. The company recorded a loss of $207 million for the nine months to December 2023, with revenue of $1.02 billion during the same period. You Can Read Full News By Clicking On Below Link.
read more at Hindustan Times
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In preparation for the Lok Sabha elections on April 26, Liquor shops in Noida and Greater Noida will be closed for 48 hours. This is to ensure a fair election process. Schools and colleges will also be closed on Friday for voting, and workers in factories and industries will have a paid holiday to encourage their participation in voting. The district election officer has urged residents’ welfare…
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Management consulting firm McKinsey & Co is facing a criminal investigation in the US for its alleged role in the opioid epidemic. The investigation is focused on whether McKinsey engaged in a criminal conspiracy when advising pharmaceutical manufacturers on marketing strategies. The US Justice Department is also looking into whether McKinsey committed healthcare fraud and obstructed justice…
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Kotak Mahindra Bank’s shares dropped nearly 10% after India’s central bank banned the bank from taking on new clients digitally. The ban is due to information technology-related deficiencies. Analysts believe this will negatively impact the bank’s growth as it heavily relies on digital services. Kotak Mahindra Bank stated that it has taken measures to strengthen its IT systems and…
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Food delivery giant Zomato is testing a new feature that allows customers to pay extra for faster delivery. The company is making changes to its fee structure and introducing new features to retain customers. Zomato has not yet officially announced this feature but is expected to provide updates soon. Additionally, Zomato has increased its platform fee by 25% in major cities, affecting customers even…
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Hyundai Motor Group plans to launch its first electric vehicles manufactured in India by 2025. The company aims to boost its presence in the Indian market, which is currently dominated by Tata Motors. Production of Hyundai’s locally manufactured EVs will begin by the end of 2024, and five models will be unveiled by 2030. Both Hyundai and Kia brands will use batteries made by Exide Energy Solutions…
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The head of Tata Consultancy Services (TCS), an Indian IT company, has said that artificial intelligence (AI) will lead to a reduced need for call centres in about a year. The CEO of TCS, K Krithivasan, explained that AI adoption will change the customer help centres that currently employ many people in countries like India. He believes that chatbots will be able to analyze customer transaction history…
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Zoho CEO Sridhar Vembu has shared pictures of his new electric three-wheeler on social media. The vehicle, called Montra, is from the Murugappa Group and has fast pick-up and nice suspension. Vembu believes that electric autos will become popular in the consumer market and hopes that Montra will break through. The Montra Super Auto EV has two battery pack options, a range of over 160 km, and a top…
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TikTok’s CEO, Shou Zi Chew, believes the company will win a legal challenge against a new law signed by President Joe Biden that could ban the app. The law gives TikTok’s parent company, ByteDance, 270 days to sell its U.S. assets or face a ban. Chew stated that TikTok will continue to operate and expects to prevail in court. The battle over TikTok is part of a larger conflict between…
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Elon Musk criticized Australia’s prime minister after a court ordered his social media platform to remove footage of a terrorist attack. Musk argued that this ruling gave any country the power to control the entire internet. Australian PM responded by calling Musk arrogant and stating that the country would take necessary action against him. You Can Read Full News By Clicking On Below Link.
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Bolt.Earth, a company in India, has received certification from ARAI for its electric vehicle (EV) charging solutions. This certification ensures that Bolt.Earth’s chargers are safe and reliable. The company’s Blaze AC charger is equipped with advanced features such as wireless energy metering and dynamic load balancing. Bolt.Earth aims to provide advanced and reliable EV charging solutions…
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Google CEO Sundar Pichai has let go of 20 more employees who were speaking out against the company.
April 24, 2024 3:28 amGoogle has reportedly fired more than 20 employees who were protesting against the company’s cloud computing project with the Israeli government. This comes after 28 employees were fired last week for participating in sit-in protests. The total number of employees fired for staging protests has now reached almost 50. Google CEO Sundar Pichai warned employees that while debate and discussions…
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iPhone 16 is expected to be released in the fall with a focus on artificial intelligence (AI). Apple has been behind other tech companies in AI, but that may change with this new release. The upgrades for the iPhone 16 series are expected to be significant, including AI features and a possible price increase. There may also be changes to the display size, camera arrangement, and processor. Overall…
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Mark Zuckerberg said that his friend Jensen Huang from Nvidia is really passionate about cooking.
April 24, 2024 3:21 amMark Zuckerberg, CEO of Meta, and Jensen Huang, CEO of Nvidia, have a lot in common and bond over their shared experiences in the tech industry. They recently had dinner together, with Huang showing off his cooking skills. Zuckerberg praised Huang for his business acumen and his contribution to the AI industry. They even swapped jackets in a picture shared on Instagram. Both CEOs have significant…
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Sanjay Mashruwala, one of the managing directors at Reliance Jio, has resigned from the company. He has been with Reliance for a long time and has been involved in many projects. His resignation will be effective from June 9. The other managing director, Pankaj Mohan Pawar, will continue in his role. The company thanked Mashruwala for his contributions. You Can Read Full News By Clicking On Below…
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Last week was not a good one for most stock market participants, except for HDFC Bank and Reliance Industries. Infotech companies also struggled after revealing their quarterly results. Investors turned to gold as a safe haven. Tata Consultancy Services (TCS) and Infosys performed poorly. The combined market capitalization of the top six firms dropped by ₹1.40 lakh crore. The losers included ITC…
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An Australian woman named Swastika Chandra was banned from using Uber because her first name violated the company’s terms. She was asked to change her name on the app to continue using the services. After five months, Uber apologized and reinstated her access, acknowledging that incidents like this are evaluated on a case-by-case basis. Chandra explained that her name has a different meaning…
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April 19, 2024 1:34 pmCryptocurrencies like bitcoin and ether dropped in value as investors moved away from risky assets due to reports of an Israeli missile strike on Iran. bitcoin fell by over 5.5% to $59,961, while ether dropped below $3,000. This decline happened as the U.S. dollar strengthened. In response to the news, oil, gold, and bonds saw significant increases in value. You Can Read Full News By Clicking On Below…
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Consumer Affairs Ministry in India has asked the food safety regulator FSSAI to investigate Nestle’s Cerelac baby cereals sold in India. This comes after a global report claimed that Nestle was adding higher sugar content to the product in less developed countries. The report alleged that Nestle added 2.7 grams of sugar per serving in India, while refraining from such practices in European markets…
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Elon Musk, CEO of Tesla, suggested that instead of fighting each other, rockets should be sent to explore the stars. This came after reports of Israel launching missile strikes on Iran, causing tensions to rise in the region. Iran reported explosions and the downing of three drones in the city of Isfahan. Israel has not commented on the alleged strikes. The United States was reportedly informed before…
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A former employee of McKinsey and Company shared why he quit his job despite a high salary. He worked long hours, forgot to eat, and lost weight. He felt the money wasn’t worth the mental agony and workload. He expected guidance and support but often felt alone. Some partners and seniors were mean and demotivating. His mental health suffered, and he cried and took anxiety medication. However…
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