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A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment-thumnail

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment

The accord comes in response to a court decision in January dismissing J&J’s contentious “Texas two-step” bankruptcy strategy. J&J company declares bankruptcy, in which the company attempted to transfer the

Business

Apr 5, 2023

Forbes lists Mukesh Ambani, one of the world’s wealthiest people, as having an $83.4 billion net worth, along with the Kamath brothers from Zerodha-thumnail

Forbes lists Mukesh Ambani, one of the world’s wealthiest people, as having an $83.4 billion net worth, along with the Kamath brothers from Zerodha

According to Forbes, Ambani’s oil-to-telecom juggernaut Reliance Industries became the first Indian business to generate more than $100 billion in sales last year. According to Forbes’ Billionaire 2023 list, which

Business

Apr 5, 2023

Iron Pillar raises $129 million to invest in cloud startups in India-thumnail

Iron Pillar raises $129 million to invest in cloud startups in India

A venture growth investor named Iron Pillar has completed the successful closing of a $129 million Series B and C stage fund aimed at funding Indian-based global cloud software startups.

Finance

Apr 5, 2023

RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items-thumnail

RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items

Under the zero-commission model, the platform would not charge sellers any commission. RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items. Further, the e-commerce platform will

Business

Apr 4, 2023

Sports Media spending reach ₹14,000 Cr threshold in 2022-thumnail

Sports Media spending reach ₹14,000 Cr threshold in 2022

Sports media spending, sponsorships on the ground, and celebrity endorsements pulled in a total income of ₹14,209 crore in the past year, recording a 49% growth over 2021 from roughly

News

Apr 4, 2023

“India Implements Measures to Manage the Taxation on Crude Oil and Its Byproducts”-thumnail

“India Implements Measures to Manage the Taxation on Crude Oil and Its Byproducts”

The Indian government has been implementing various measures to manage the taxation on crude oil and its byproducts like petrol, diesel, and aviation turbine fuel (ATF). The tax rates are

Business

Apr 4, 2023

World Bank predicts 6.3% growth for India’s GDP in FY24-thumnail

World Bank predicts 6.3% growth for India’s GDP in FY24

The World Bank stated in its most recent report on Tuesday that despite some moderating in the second half of the previous fiscal, India’s GDP growth is anticipated to be

Finance

Apr 4, 2023

L’Oreal acquires premium brand Aesop from Brazil’s Natura for $2.5 billion-thumnail

L’Oreal acquires premium brand Aesop from Brazil’s Natura for $2.5 billion

The sale, L’Oreal’s biggest-ever brand acquisition according to Dealogic statistics, strengthens the firm’s foothold in the premium cosmetics sector, while also giving the Brazilian business some financial respite despite declining

Industry

Apr 4, 2023

Saheb Enterprise partners with Hero Realty to build a 2,000-crore project in Gurugram-thumnail

Saheb Enterprise partners with Hero Realty to build a 2,000-crore project in Gurugram

Hero Realty and Saheb Enterprise are constructing a project in Gurugram for Rs 2,000 crore. In order to jointly build a 2 million square foot mixed-use project in Gurugram with

Business

Apr 4, 2023

Automobile Retail Sales Surge in India, Except for Tractors, in March and FY23-thumnail

Automobile Retail Sales Surge in India, Except for Tractors, in March and FY23

According to data from the Federation of Automobile Dealers Associations (FADA), automobile retail sales witnessed a 14% increase in March compared to the same month the previous year. Similarly, sales

Automotive

Apr 4, 2023

Byju’s recently raises $700 million in new funding: Report-thumnail

Byju’s recently raises $700 million in new funding: Report

The edtech company Byju’s recently raises $700 million via two separate equity and convertible note deals at a valuation of $22 billion. Two West Asian sovereign wealth funds and sizable

Business

Apr 4, 2023

Seeking an Escape Route:  Start-up Employees Live in Fear of Losing Jobs-thumnail

Seeking an Escape Route: Start-up Employees Live in Fear of Losing Jobs

A recent report in The Economic Times has shed light on the difficult situation faced by troubled Indian start-up employees. The cash crunch and pressure from investors have resulted in

News

Apr 4, 2023


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