On Tuesday, investors sold off shares of Tesla Inc. out of concern that Elon Musk, the company’s chief executive and major shareholder, was more focused on Twitter than on Tesla. As a result, his net worth fell below $200 billion. Forbes estimates that Musk’s current net worth is $194.8 billion, with a significant portion of […]

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

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

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

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%

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,

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