BENGALURU: Google-backed regional content platform ShareChat sacked 30 employees after a recent performance review, reducing the employee count to about 550 people, sources told TOI. The company gradually reduced its workforce over the years. At its peak, it had about 2,700 employees. Source link
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MUMBAI: Aditya Birla Fashion and Retail (ABFRL) plans to raise $500 million through a mix of preferential issuance and qualified institutional placement of equity shares. ABFRL will issue shares worth $150 million to promoter Pilani Investment and Industries Corporation and $125 million to American investor Fidelity Investments. The capital-raise comes ahead of the proposed vertical demerger of the company into …
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JPMorgan‘s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts. Earnings per share rose to $4.81 from $3.04 a year ago. The result beat Wall Street profit projections of $4.09 a share, according to the data firm FactSet. Total managed revenue hit $43.7 billion, up …
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NEW DELHI: India’s economy is expected to become the fourth largest in the world by 2026, surpassing Japan, said industry body PHDCCI on Wednesday, as it projected the nation’s GDP to grow 6.8 per cent in the current financial year ending March and 7.7 per cent in FY26. With the Indian economy growing resiliently over the past three years, it …
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Bhargavastra micro-missile system: Bhargavastra micro-missile system: India has successfully tested its first domestically developed micro-missile system, engineered to counter swarm drone threats. The testing included two successful firings at the Gopalpur Seaward Firing Ranges this week.The new micro-missile system, being developed for the Indian Army, successfully engaged virtual targets beyond 2.5 km, demonstrating an economical solution against large-scale drone attacks …
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Senior executives from PepsiCo’s New York headquarters have recently initiated preliminary discussions with the Aggarwal family members. Haldiram Snacks Food in big demand! PepsiCo has recently joined the race to acquire a stake in Haldiram Snacks Food, following Temasek and Alpha Wave Global, who have already submitted formal proposals last month. These bidders are currently engaged in detailed discussions with …
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Budget 2025 income tax: From a surcharge levy perspective, the threshold begins from Rs 50 lakh Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, 2025. In its pre-Budget 2025 memorandum, Assocham has called for rationalization of surcharge on salaried individuals.As per the existing provisions the applicable surcharge rates on salaried …
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Market sentiment is expected to focus on current earnings reports and the forthcoming union budget. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 76,700, Nifty50 was near 23,200. At 9:16 AM, BSE Sensex was trading at 76,753.68, up 254 points or 0.33%. Nifty50 was at …
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HYDERABAD: Contract research, development and manufacturing organisation (CRDMO) Aragen Life Science, formerly known as GVK Biosciences, has secured a $100 million (approx. Rs 865 crore) investment from healthcare focused private equity fund Quadria Capital.The deal will see Quadria, which is focused on the Asian healthcare sector, acquire a minority stake in Aragen at an approximate valuation of US$ 1.4 bn. …
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Asian stocks declined following US employment data. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday morning. While BSE Sensex went below 76,600, Nifty50 was near 23,200. At 9:31 AM, BSE Sensex was trading at 76,726.48, down 652 points or 0.84%. Nifty50 was at 23,229.90, down 202 points or 0.86%. …
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