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Byju’s and group of creditors have agreed mutually to restructure $1.2 billion loan terms.-thumnail

Byju’s and group of creditors have agreed mutually to restructure $1.2 billion loan terms.

Byjus, a startup, in the education technology sector based in India is currently experiencing difficulties as a consortium of lenders aims to reevaluate the terms of a loan $1.2 billion.

Business

Jul 24, 2023

Twitter bird logo to be replaced with “X” in a phased manner; interim “X” releases today says Elon Musk-thumnail

Twitter bird logo to be replaced with “X” in a phased manner; interim “X” releases today says Elon Musk

After purchasing Twitter for $44 billion Elon Musk has revealed his intention to revamp the platform by replacing its bird logo with an “X”. This strategic move aims to draw in advertisers and boost revenue through the introduction of a subscription service.

Business

Jul 24, 2023

Bain Capital acquires 90% of Adani Capital and Adani Housing-thumnail

Bain Capital acquires 90% of Adani Capital and Adani Housing

Bain Capital, an investment firm based in the United States has recently announced a deal to acquire a 90% majority ownership of Adani Capital and Adani Housing. This agreement involves purchasing all of the investments made by the Adani family in the company with the aim of expanding Adani Capitals’ lending capabilities.

Business

Jul 24, 2023

US plans water heater standards that will save consumers $11 billion-thumnail

US plans water heater standards that will save consumers $11 billion

The U.S. Department of Energy proposed energy efficiency guidelines for water heaters on Friday, claiming that doing so would result in yearly consumer savings of $11.4 billion on energy and

Business

Jul 22, 2023

American Air Offers to Increase Pilot Deal by $1 Billion-thumnail

American Air Offers to Increase Pilot Deal by $1 Billion

American Airlines Group Inc. has boosted the amount of the contract offer it is making to its pilots by more than $1 billion in an effort to win their approval

Business

Jul 22, 2023

Major Indian IT Giants Infosys, TCS, And Wipro: Hiring, Net Employee Increase, Falls In Q1 FY24-thumnail

Major Indian IT Giants Infosys, TCS, And Wipro: Hiring, Net Employee Increase, Falls In Q1 FY24

This month saw the release of the Q1 FY 2023–24 results from Indian IT Giants Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech. Comparing the current quarter to the previous one, the enterprises have seen a sharp decrease in workforce addition.

Business

Jul 21, 2023

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal-thumnail

Radhakishan Damani acquires Health and Glow in a ₹700- 750 crores deal

Billionaire investor Radhakishan Damani, the founder of Avenue Supermarts has made an acquisition by purchasing Health and Glow a known beauty and personal care retail chain based in Bangalore. The

Business

Jul 21, 2023

Chinese Authorities’ Measures Aim to Revive Sluggish Economy, but Investors Remain Unimpressed-thumnail

Chinese Authorities’ Measures Aim to Revive Sluggish Economy, but Investors Remain Unimpressed

As the Chinese economy faces challenges in its post-pandemic recovery, Chinese authorities have taken steps to bolster sales in the automobile and electronics sectors. However, these measures have failed to meet investor expectations, who are calling for more robust stimulus to stimulate growth.

Business

Jul 21, 2023

Surat Diamond Bourse: The World’s Largest Office Space-thumnail

Surat Diamond Bourse: The World’s Largest Office Space

On November 21, Prime Minister Narendra Modi is set to inaugurate the Surat Diamond Bourse (SDB), a groundbreaking project that is being hailed as the world’s biggest office space in a single development. This ambitious initiative aims to expand and relocate the diamond trading business from Mumbai to Surat, the diamond-cutting and polishing hub of India. With its grand scale, state-of-the-art infrastructure, and focus on promoting trade, innovation, and collaboration, the Surat Diamond Bourse is poised to become a central pillar of India’s diamond industry and a testament to the country’s entrepreneurial spirit.

Business

Jul 21, 2023

Bain Capital to purchase a majority stake in Adani Capital at Rs. 1500 crore-thumnail

Bain Capital to purchase a majority stake in Adani Capital at Rs. 1500 crore

Bain Capital is currently, at the forefront of the competition to acquire a majority stake in Adani Capital for an amount of Rs 1,500 crore. The Adani Group intends to divest from core businesses and utilize the funds to strengthen its core ventures. Adani Enterprises has received backing from a consortium led by SBI for its PVC project located at Mundra Port. The recent approval from a panel established by the Supreme Court has instilled confidence in Adani’s plans for expanding its business. However, the allegations made in the Hindenburg report have had an impact on share prices. Hindered Adani Enterprises plans, for a follow on public offer.

Business

Jul 21, 2023

As Tesla shares fall, Elon Musk’s wealth plunges to $20 billion-thumnail

As Tesla shares fall, Elon Musk’s wealth plunges to $20 billion

Elon Musk’s wealth dropped by $20.3 billion on Thursday after Tesla Inc. issued a warning that it could need to keep slashing the price of its electric cars.

Business

Jul 21, 2023

The introduction of a jobs tool on Twitter will put it in direct competition with LinkedIn-thumnail

The introduction of a jobs tool on Twitter will put it in direct competition with LinkedIn

Twitter appears to be working on a job posting function or jobs tool on Twitter that would enable recognized firms to post job postings on their profiles in an effort to compete with the professional social networking site LinkedIn.

Business

Jul 21, 2023


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