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IT services company Coforge Ltd reports a 24% increase in third-quarter earnings-thumnail

IT services company Coforge Ltd reports a 24% increase in third-quarter earnings

Coforge Ltd, an Indian IT services provider, announced a significant increase in its third-quarter profit of 24%, which exceeded expectations. This was due to a number of large outsourcing agreements

Finance

Jan 20, 2023

Moody’s upgrades PNB, Canara Bank and Bank of Baroda to Baa3-thumnail

Moody’s upgrades PNB, Canara Bank and Bank of Baroda to Baa3

Moody’s, a global rating agency, has raised the long-term local and foreign currency deposit ratings of Bank of Baroda, Canara Bank, and Punjab National Bank from “Ba1” to “Baa3” due

Finance

Jan 20, 2023

Foodtech company Swiggy fires 380 employees amid a touch VC market-thumnail

Foodtech company Swiggy fires 380 employees amid a touch VC market

“We’re implementing a very difficult decision to reduce the size of our team as a part of a restructuring exercise.  In this process, we will be bidding goodbye to 380

E-Commerce

Jan 20, 2023

Nifty News: Trump NFTs flood 800%, Yuga Labs boycotts NFT trades, from there, the sky’s the limit-thumnail

Nifty News: Trump NFTs flood 800%, Yuga Labs boycotts NFT trades, from there, the sky’s the limit

Donald Trump’s NFT assortment began solid however at that point began turning dormant upward until a couple of days ago. Former US President Donald Trump’s nonfungible token (NFT) exchanging card

Business

Jan 20, 2023

Hindustan Zinc acquires Zinc business from Vedanta; HZL shares dips 9%-thumnail

Hindustan Zinc acquires Zinc business from Vedanta; HZL shares dips 9%

“The board has approved the subscription to equity shares of THL Zinc Limited, Mauritius through HZL’s wholly owned subsidiary to be incorporated overseas for a cash consideration not exceeding $

Industry

Jan 20, 2023

<strong>Orios Venture Partners writes down investment in beleaguered GoMechanic</strong>-thumnail

Orios Venture Partners writes down investment in beleaguered GoMechanic

There are many aspects which make GoMechanic’s financials look unreliable. For instance, in its FY21 financials, the startup reported a loss of INR 27.4 Cr. However, the same loss increased

Business

Jan 20, 2023

Tanishq enters the US market. The first store launched by Senator Menendez-thumnail

Tanishq enters the US market. The first store launched by Senator Menendez

Tanishq, a top jewelry retail company owned by Tata in India, has opened its first store in the United States located in Little India, New Jersey. The store was officially

Business

Jan 20, 2023

<strong>As the crypto crisis spreads, Genesis files for bankruptcy</strong>-thumnail

As the crypto crisis spreads, Genesis files for bankruptcy

In the aftermath of FTX’s unexpected demise, bitcoin lender Genesis Global Capital filed for bankruptcy, becoming the most recent business to fall. In the Southern District of New York, the

Finance

Jan 20, 2023

Tata Motors to raise $500-600 million for the company’s EV business-thumnail

Tata Motors to raise $500-600 million for the company’s EV business

Tata motors, one of the leading electrical vehicle manufacturers in the country, is in talks with global investors in order to raise at least $500-600 million more for its fast-growing

Industry

Jan 20, 2023

Wayfair lays off more than 1,000 employees as revenue declines-thumnail

Wayfair lays off more than 1,000 employees as revenue declines

Wayfair Inc also announced job cuts. After 2022, layoffs in the tech industry have accelerated. Many companies, including Microsoft, Amazon, Twitter, Meta, and Ola, have recently laid off many employees

Business

Jan 20, 2023

Sun <strong>Pharmaceutical</strong> to acquire US company Concert for $576 million-thumnail

Sun Pharmaceutical to acquire US company Concert for $576 million

Sun Pharmaceutical has agreed to acquire Concert for $576 million to gain access to the American company’s experimental drug for skin conditions and partial hair loss. Sun Pharmaceutical Industries Ltd

Healthcare

Jan 20, 2023

Netflix co-founder Reed Hastings resigns as board plans to shift to adding subscribers-thumnail

Netflix co-founder Reed Hastings resigns as board plans to shift to adding subscribers

Netflix co-founder Reed Hastings stepped down as CEO. Netflix co-founder Reed Hastings stepped down as co-CEO, handing over control of the company to co-CEO Ted Sarandos and COO Greg Peters.

Entertainment

Jan 20, 2023


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