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Alibaba shares lose $28 billion in a sign of a fizzling rally-thumnail

Alibaba shares lose $28 billion in a sign of a fizzling rally

The greatest drop in the stock price of Alibaba Group Holding Ltd. in the past three months highlights investor worry that China’s consumer rebound may fall short of high expectations.

Business

Jan 31, 2023

<strong>BYJU’s At-Home One-On-One K-12 Tuitions Business Model</strong>-thumnail

BYJU’s At-Home One-On-One K-12 Tuitions Business Model

The new service is named BYJU’S Home Tuitions, and it is currently available throughout Bengaluru and Patna. BYJU’S, an ed-tech decacorn, has developed a one-on-one home tuition trial program in

Business

Jan 31, 2023

<strong>Owners of Indira IVF consider selling a stake valued at $1 billion</strong>-thumnail

Owners of Indira IVF consider selling a stake valued at $1 billion

Several of Indira IVF’s major owners are considering selling their stakes in the Indian in-vitro fertilization clinic operator in a deal that could value the business at around $1 billion,

Business

Jan 31, 2023

Samsung’s Q4 profit drops 69% on sluggish demand, lowest since 2014-thumnail

Samsung’s Q4 profit drops 69% on sluggish demand, lowest since 2014

Samsung Electronics reported a significant drop in its Q4 operating profit, with a decrease of nearly 70% compared to the same period the previous year. The decline was attributed to

Business

Jan 31, 2023

Vedanta withdraws plans to sell Indian copper smelter-thumnail

Vedanta withdraws plans to sell Indian copper smelter

Vedanta has suspended plans to sell its copper smelter in the southern Indian state of Tamil Nadu, which accounts for nearly 40% of the country’s metal production while ramping up

Business

Jan 31, 2023

<strong>After 2022 woes, Samsung sees its phone market shrinking again</strong>-thumnail

After 2022 woes, Samsung sees its phone market shrinking again

The downturn in consumer spending brought on by rising prices and interest rates, as well as geopolitical concerns last year, has particularly hurt mobile device manufacturers. The largest smartphone manufacturer

Business

Jan 31, 2023

Wilmar promises to stick with its joint venture with the Adani Group-thumnail

Wilmar promises to stick with its joint venture with the Adani Group

Adani Wilmar Ltd.’s day-to-day activities are overseen by an independent team of expert managers. Wilmar International Ltd. will continue to back its joint venture with India’s troubled Adani Group, claiming

Business

Jan 31, 2023

Laurus Labs in India Experiences a 32% Increase in Profits Due to High Demand for Pharmaceutical Components-thumnail

Laurus Labs in India Experiences a 32% Increase in Profits Due to High Demand for Pharmaceutical Components

Laurus Labs Ltd, a company based in India, announced an increase of 32.1% in its profit for the third quarter of the year. The boost in profit was due to

Business

Jan 30, 2023

Unilever appoints Dutch Dairy President Hein Schumacher as new CEO-thumnail

Unilever appoints Dutch Dairy President Hein Schumacher as new CEO

The London-based company said in September that CEO Joff plans to step down at the end of 2023. Unilever is the world’s largest soap manufacturer, selling its products in approximately

Business

Jan 30, 2023

Renault cuts ownership in Nissan to 15%-thumnail

Renault cuts ownership in Nissan to 15%

The move is part of a tough alliance rebalancing deal between the two companies, as Nissan now owns 15% less of Renault. The Renault-Nissan-Mitsubishi Alliance, originally known as the Renault-Nissan

Business

Jan 30, 2023

The report shows a 26% decrease in demand for affordable housing in Indian cities in 2022-thumnail

The report shows a 26% decrease in demand for affordable housing in Indian cities in 2022

According to a report released on Monday, the demand for affordable housing in Indian cities decreased from a significant 39% in 2018 to 26% in the previous year, as the

Business

Jan 30, 2023

<strong>To empower 1,000 startups, RazorpayX launches forex services for founders</strong>-thumnail

To empower 1,000 startups, RazorpayX launches forex services for founders

The business anticipates that this currency service, which now has an annualized run rate of Rs 350 crore, would scale up by 3–4 times in the upcoming fiscal year. On

Business

Jan 30, 2023


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