Tag: business news

Business

Delhivery Grants Employee Stock Options and Receives Drone Subsidiary Approval

On July 8, 2024, Delhivery’s stakeholders’ relationship committee approved the distribution of 649,547 equity shares to eligible employees under the Employee Stock Option Scheme (ESOP). The allotment breakdown includes 342,347… Continue reading Delhivery Grants Employee Stock Options and Receives Drone Subsidiary Approval

July 11, 2024
Business

Zepto Grapples with Pricing Glitch Amidst Rapid Expansion

Quick commerce platform Zepto faced social media backlash this week after a technical error caused inflated vegetable prices. The issue surfaced late on July 8th when a user shared a… Continue reading Zepto Grapples with Pricing Glitch Amidst Rapid Expansion

July 11, 2024
Business

Tech Mahindra’s Project Indus: A Game Changer for AI Communication in India

CP Gurnani, former CEO of Tech Mahindra, rose to the challenge laid down by OpenAI’s Sam Altman. During a speech at the MachineCon GCC Summit in Bangalore, Gurnani unveiled Project… Continue reading Tech Mahindra’s Project Indus: A Game Changer for AI Communication in India

July 4, 2024
Business

Cloudphysician Welcomes Mandar Vaidya as India CEO

Computer based intelligence medical services startup Cloudphysician has named Mandar Vaidya as its CEO for India, beginning in June. Previously, Vaidya served as the regional CEO for OYO, overseeing operations… Continue reading Cloudphysician Welcomes Mandar Vaidya as India CEO

July 3, 2024
Business

Unicommerce Receives SEBI Nod for IPO

Unicommerce eSolutions Limited, a leading SaaS company empowering retail and e-commerce operations, has secured approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering… Continue reading Unicommerce Receives SEBI Nod for IPO

July 3, 2024
Funding

Celebal Technologies Secures Debt Financing to Fuel Growth

Celebal Technologies, a Jaipur-based IT services company specializing in data science, AI, and enterprise cloud solutions, has secured an undisclosed amount of debt financing from BlackSoil, an alternative credit platform.… Continue reading Celebal Technologies Secures Debt Financing to Fuel Growth

June 28, 2024
Business

Jindal Stainless Acquires Remaining Stake in Chromeni Steels, Secures Wholly-Owned Subsidiary

Jindal Stainless Ltd (JSL) announced on Monday the successful acquisition of the remaining 46% stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. This definitive move grants JSL… Continue reading Jindal Stainless Acquires Remaining Stake in Chromeni Steels, Secures Wholly-Owned Subsidiary

June 25, 2024
Business

Sunil Potturi Joins Sid’s Ranch as New Boss Innovation Official

Sid’s Homestead, a head dairy brand in Telangana, has delegated Sunil Potturi as its new Boss Innovation Official (CTO). With more than twenty years of involvement with counseling, item improvement,… Continue reading Sunil Potturi Joins Sid’s Ranch as New Boss Innovation Official

June 18, 2024
Business

Simpl Faces Second Round of Layoffs in Bid for Profitability

The Bengaluru-based Buy Now, Pay Later (BNPL) startup Simpl has implemented a second round of layoffs in less than a month, impacting approximately 30 employees across various departments, including mid-senior… Continue reading Simpl Faces Second Round of Layoffs in Bid for Profitability

June 7, 2024
Business

Microsoft Announces Job Cuts in Azure Cloud Unit and Mixed Reality Team

Microsoft is streamlining its workforce, with plans to reduce staff in specific divisions. The cuts will primarily impact the Azure for Operators and Mission Engineering teams, both part of the… Continue reading Microsoft Announces Job Cuts in Azure Cloud Unit and Mixed Reality Team

June 5, 2024