India and the rest of the world came to a literal standstill with Covid-19 in 2020, and the brief recovery thereafter was followed by the Russia-Ukraine war – which has negatively reset the whole world’s economic barometer. Next came the bursting of a tech boom bubble created by the Covid-19 pandemic, with mass layoffs at […]
A definitive agreement has been signed between Lenskart and Abu Dhabi Investment Authority (ADIA) to raise $500 million.Lenskart’s valuation of $4.5 billion was maintained with the extension of last year’s funding round. According to the company, the capital will be used to expand in Asia and the Middle East. ADIA’s investment includes some secondary purchases […]
While India’s corporate earnings performance in the December 2022 quarter was muted and largely below market expectations, analysts remain largely bullish on the top 100 stocks by market cap. A Motilal Oswal analysis shows that analyst recommendations on these stocks have moderated only marginally from 73% a year ago to 71% in March 2023. Based […]
In today’s news, layoffs are common. The reasons are many, but employee performance is always at the forefront. And that’s the definition of layoff too – the act of terminating a worker’s employment, sometimes temporarily, usually due to a lack of work, the employees job are always at risk. Due to the pandemic, start-ups raised […]
A $43 billion deal has been reached between Pfizer and Seagen. The Wall Street Journal reported that Pfizer has agreed to pay USD 43 billion for biotech Seagen and its pioneering cancer drugs. In the deal, Pfizer will pay USD 229 in cash per share, according to the drugmaker. The deal, which includes debt, is […]
Tata Consultancy Services (TCS) has been named to Forbes’ annual list of “America’s Best Large Employers” for 2017. An independent survey of 45,000 employees at American companies with more than 1,000 employees led to this recognition. Suresh Muthuswami, Chairman, TCS North America, said the company strives to provide an employee-friendly workplace that fosters innovation and […]
During the next two decades, India will contribute more than a fifth of incremental global chemical consumption, according to a report by McKinsey, as domestic demand is expected to reach USD 1,000 billion by 2040. According to McKinsey’s report titled ‘India: The next chemicals manufacturing hub’, the country’s chemical industry has outperformed global peers when […]
Affordable housing is about providing decent homes at low prices that are within reach of lower- and lower-middle-income buyers. There are many definitions of affordable housing, but the government defines it as homes with a carpet area of up to 60 square meters. A house must cost no more than Rs. 45 lakh to be […]
It announced on Friday that it raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. Bira 91 plans to use the funds to ramp up production, enhance supply chain, and enhance innovation, raised $10 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) Bank. “MUFG Bank has consistently invested in the Indian economy. Due […]
Mumbai, March 9, 2023: For 2023, GfK forecasts a stabilization of the global market and takes a closer look on the Indian Telecom market. “According to GfK Market Intelligence for Offline Retail Sales Tracking, while the global Telecom market closed 2022 with a 9.7 percent decline in revenue compared to the previous year, India was […]
