NK Purohit has been appointed as the new chief business officer of SBI Securities, a fully-owned subsidiary of SBI Capital Markets. The State Bank of India, SBI Securities’ parent firm, has a vast network, and the corporation claims that by making this appointment, SBI Securities hopes to take the lead in its market area. Purohit […]
NK Purohit is appointed as the new Chief Business Officer of SBI Securities Read More »
The official launch date for India’s new Twitter Blue membership has finally been disclosed by Elon Musk. Musk tweeted that Twitter Blue would probably go live in India within a month. In response to a tweet asking for the launch date, this was said. The exact time of the launch has yet to be made
Elon Musk officially reveals Twitter Blue’s India launch details Read More »
As cost optimization becomes a bigger consideration for start-ups’ overgrowth, Business-to-Business (B2B) e-commerce unicorn Udaan is cutting 300-350 on-roll employees. The company has already experienced two rounds of layoffs in around five months. 180 employees of the Bengaluru-based business received pink slips in June. Along with the on-roll workforce, the company is also asking a
In its second wave of layoffs in five months, B2B Unicorn Udaan sacks up to 350 workers Read More »
On Friday, edtech company BYJU’s announced that Lionel Messi would serve as the brand ambassador for their Education for All social impact arm. Messi is a well-known football star. Commenting on the appointment of Messi as the new brand ambassador, Divya Gokulnath, co-founder of the edtech giant said, “We are honoured and excited to collaborate
Banks have started offering higher interest rates to entice more clients as a result of the increase in the repo rate and the expanding credit deposit difference. As an illustration, the Bank of Baroda recently announced the introduction of the Baroda Tiranga Plus Deposit Scheme, which will offer higher interest rates of up to 7.50%
7% fixed return! Bank of Baroda and Bank of India introduce new schemes for you Read More »
Ola, an Indian manufacturer of electric vehicles (EVs), reported sales of its S1 line of e-scooters that exceeded the 20,000 unit threshold. Additionally, its overall revenues increased by 60% month over month (MoM). The corporation credits the increase in business that occurred during the festival season for this uptick in sales. A few weeks ago,
Ola surpasses 20,000 units in sales to become India’s leading EV seller Read More »
The 10% commission structure in the state renders the vertical operationally unviable, therefore ride-hailing behemoth Uber may limit its auto taxi services to specific areas of Bangalore. “Currently, our commission in Bengaluru is capped at 10 per cent of the fare collected. This is not financially sustainable. If our costs cannot be covered through commissions,
This is despite the fact that MapMyIndia’s operating income increased by 34.6% for the quarter to Rs 76.3 crore from Rs 56.7 crore in the corresponding quarter last year. EBITDA increased 17.2% for the period, from Rs 26.1 crore in the same quarter the previous year to Rs 30.6 crore in the second quarter of
Maruti Suzuki declared a net profit of Rs 2,061.50 crore on Friday, a four-fold increase from the profit of Rs 475.30 crore in the same quarter the previous year. Sales increased by 47.91% year over year (YoY) for the quarter, reaching Rs 28,543.50 crore from Rs 19,297.80 crore in the same quarter last year. According
Maruti Suzuki reports net profit increased by four times to Rs 2,062 crore Read More »
By his billionaire standards, Mark Zuckerberg is getting poorer by the day. With the firm shares falling precipitously this year, the CEO of Meta has watched his fortune shrink. According to the Bloomberg Billionaires Index, since the beginning of 2022, Zuckerberg has lost $76.6 billion, or 61% of his wealth. This includes a $2.7 billion
From 3rd richest to 23rd! This year, Mark Zuckerberg lost 61% of his wealth Read More »
