The valuation of hospitality unicorn OYO has been reduced by 20% by SoftBank, according to sources cited by Bloomberg. The news of the development coincides with rumours that the startup is getting ready to list on the stock market in January 2023. According to reports, the Masayoshi Son-led fund reduced OYO’s valuation from $3.4 billion […]
According to J.P. Morgan analysts, Apple Inc. may produce one out of every four iPhones in India by 2025 as it shifts some production away from China due to rising geopolitical tensions and stringent COVID-19 lockdowns in that nation. India, the second-largest smartphone market in the world after China, is predicted by the brokerage to
Apple may shift a quarter of iPhone production to India by 2025 Read More »
According to a recent assessment by ratings and analytics firm CRISIL, multiplexes are projected to treble their revenues this fiscal after the pandemic lows of the previous two years. According to the ratings company, multiplex operators in India might see revenues reach an all-time high of over Rs 6,000 crore in FY23, which is 13–15%
Gautam Adani and Mukesh Ambani, two billionaire Indian industrialists, are the only Indians to rank among the top 10 richest people according to the Bloomberg Billionaires Index. Gautam Adani, the chairman of the Adani Group, is ranked second with a net worth of $147 billion, while Mukesh Ambani, the chairman of Reliance Industries, is ranked
According to information released on Sunday by the Ministry of Finance, the gross direct tax receipts of the federal government increased 30% to Rs. 8,36,225 crore in the fiscal year 2022–23. In addition, the net collection increased by 23% to Rs 7,00,669 crore from Rs 5,68,147 crore in FY 2021–22. These numbers are valid till
The 35-year-old reclusive Karan Adani, the older son of billionaire Gautam Adani, has been appointed to two key positions in the Group’s new cement business, which it entered after making the largest acquisition ever of two cement titans, ACC and Ambuja Cement. The Group has a market valuation of $226 billion. Karan Adani has been
In order to position itself as a top-tier airline, Air India has launched its five-year transformation strategy, called Vihaan.AI. The Sanskrit term “Vihaan” denotes the beginning of a new era. The Tata Group-owned airline has provided a thorough roadmap for Vihaan.AI that includes specific goals for growing its network and fleet, creating a completely new
Top billionaires Jeff Bezos, the founder of Amazon, and Elon Musk, the CEO of Tesla, both lost billions on Tuesday as Wall Street saw carnage due to a widespread stock market sell-off following the announcement of higher-than-expected US inflation figures. According to the Bloomberg Billionaires Index, the overall consumer price index rose 0.1% in August
The Big Billion Days 2022, Flipkart’s signature festival sale, will start on September 23 with early access for “Plus” customers and the chance to pre-book across categories, the e-commerce giant declared on Tuesday. Just a few days before the commencement of the festival season, beginning with Dussehra, the sale will start. During the sale, the
Flipkart’s Big Billion Days 2022 sale starts from September 23 Read More »
According to an announcement made on Monday by American Express Banking Corp. (AEBC), Sanjay Khanna has been appointed as the CEO and country manager of AEBC Corp. India. Khanna, who oversees the executive team for the nation at the moment, will now take the helm of key strategic and business development efforts for the company’s
Sanjay Khanna is appointed as the CEO of American Express Read More »
