Japanese investment giant SoftBank is looking to partially exit from three startups which are aiming at an IPO next year - Ola Electric, Swiggy and First Cry. But its decision will depend on the size of the offer for sale pool in each of the companies. According to sources aware of the strategy, Softbank invested over $850 million collectively in these companies whose value conservatively would go up more than 4.3 times to around $3.7 billion, based on preliminary estimates of their projected valuation when they go public next year.
Bollywood actor Sanjay Dutt will be a free man on Thursday when he walks out of the Yerawada Jail in Pune where he served 42 months, as a part of his five-year sentence after being convicted in the 1993 Mumbai serial bomb blasts case.
India is procuring the long-endurance 'hunter-killer' drones to crank up the surveillance apparatus of the armed forces, especially along the Line of Actual Control with China.
People from Manipur's Kuki community held a protest outside Union Home Minister Amit Shah's residence in New Delhi on Wednesday against the ongoing violence in the northeastern state, the police said.
'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'
Forget team colours! Let's build the ultimate dream team, a team that would dominate any opponent...
The Israel Defence Forces (IDF) spokesperson Lt Col Jonathan Conricus said on Wednesday that 1200 Israelis were killed and more than 2,700 wounded and emphasised that the Israeli soldiers are ready to execute mission in Gaza.
India head coach Rahul Dravid on Monday said the team management does not ask for rank turners while playing at home and it is tough to predict how a particular pitch would play out over the course of five days in a Test.
If one checks Kuldeep's stats, he has felt more empowered across formats whenever Rohit has been the captain.
For the startup ecosystem in India, the scorecard so far has been a mixed bag, observes Akhil Gupta.
The Agency said it has delivered the required certification notifying Congress of this possible sale on Thursday.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
America's relationship with Pakistan has 'not served' either of the two countries, External Affairs Minister S Jaishankar said on Sunday raising questions on the Biden administration's approval of a $450-million sustenance package for F-16 fleet.
In accordance with Supreme Court directives to the states, the Madhya Pradesh cabinet approved MP Mob Lynching Victim Compensation Scheme 2023, said minister for medical education Vishwas Sarang after the cabinet meeting.
For India, it is a symbol of will and a successful feat of arms.
Despite a largely stable December quarter, investors booked profit in shares of IndusInd Bank (IIB) as an increase in slippages took them by surprise. Analysts, on their part, believe investors may, now, wait for actual delivery on slippage decline, potentially limiting near-term upside. "The management has indicated that corporate slippages (from legacy stressed book) have ended and inch up in consumer finance slippages was more one-off, and should meaningfully improve Q4FY24 onwards.
Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year.
The three astronaut crew were carried to China's Tiangong space station and will replace a similar crew that have been in space for the last six months.
Gold prices zoomed up by Rs 110 per ten grams to close at a 6-year high of Rs 5450 on the bullion market on Friday due to hectic stockistsÂ’ buying prompted by a steep rally in the international prices.
I-T returns data show 83% of the Congress' and 65% of the BJP's total income was from anonymous benefactors.
Yashasvi Jaiswal's dream season just got better as he single-handedly seized the initiative from England with a sizzling century, putting India in complete control.
External Affairs Minister S Jaishankar, who was on a visit to the US last month, said that America's relationship with Pakistan has "not served" either of the two countries and raised questions on the Biden administration's approval of a USD 450-million sustenance package for the F-16 fleet.
The film was criticised heavily for its pedestrian language upon its release last month.
The main reason for any consumer to buy an expensive smartphone is its camera.
India's top technology companies will witness a tepid revenue expansion in the third quarter (October - December) of the current financial year (Q3FY24) - along expected lines - on the back of furloughs and no blockbuster deals, even as the momentum gained from Generative AI (GenAI) is likely to take centre stage. IT services and consulting firm Accenture's first quarter numbers in FY24 showed a significant pick up in GenAI spending. It signed new bookings to the tune of $450 million in this space, a surge from the $300 million signed in the whole of FY23.
'I think pollution levels have been rising in Delhi for the past 10-12 days. We can feel it in our eyes today. The smog is dense'
Customised tailoring: How Raymond, Aditya Birla Group are luring customers with bespoke services to fit the bill.
Vader is the first electric bike in India to offer 7-inch Android display.
Shares of Bajaj Finance sprinted 4.7 per cent to Rs 7,732 per share on the BSE in Thursday's (January 4) intra-day trade as the non-bank finance company's (NBFC's) December quarter business update reflected minimal impact of the Reserve Bank of India's ban on two of its lending products. The shares, eventually, ended 4.4 per cent higher at Rs 7,710 per share as against 0.69 per cent gain in the benchmark S&P BSE Sensex. The NBFC's asset under management (AUM) topped the Rs 3-trillion-mark at the end of December 2023, swelling by roughly Rs 20,700 crore (35 per cent year-on-year) to hit Rs 3.11 trillion-mark.
'We do not see people getting reduced, but because of automation, we will do more work.'
Next year Medica and Manipal will merge, making the amalgamated entity the largest corporate hospital chain in the country, overtaking Apollo Hospitals Enterprises.
Aviation regulator DGCA on Tuesday started the special audit of the facilities of Go First, which has sought approval for restarting operations. A team of officials from the Directorate General of Civil Aviation (DGCA) started the special audit of the facilities of Go First in Mumbai on Tuesday, according to an airline executive. The audit of the facilities will be done on Wednesday also.
Yet another week of Hollywood movies doing very well at the Indian box office.
'I felt anguished when I read the reports about my speech at the convocation of Mahatma Gandhi Central University. I wanted to underscore that the then Congress government had wanted to set up a central university only in Gaya but agreed to establish another one in Motihari (East Champaran) at my instance. Work began when the BJP was in power at the Centre. But it remains the fact that the university came up as a result of my initiative'
What a run Bollywood is having for the last three months!
As a step to entrench its consumer finance business, Bajaj Finance (BFL) plans to scale up its business-to-business (B2B) activity, both in terms of volume as well as value. It plans to add up to 1,000 cities in the next three years and this will mark its presence in around 5,000 cities. The expansion activity will be more in Northern and Eastern India.
'Kejriwal could have easily deputed someone to step in as chief minister, but being the authoritative and self-centered personality that he is, he chose not to do it.' 'If the AAP loses Delhi, where it has a huge majority, the only one to blame would be Kejriwal,' asserts Ramesh Menon.
InterGlobe Aviation, the operator of India's leading airline IndiGo, delivered a better than expected performance across most parameters in Q2FY24. The company posted its fourth consecutive quarter of net profit of Rs 188 crore. It had reported a loss of Rs 1,583 crore in the same quarter a year ago.
The Indian government is keen to woo major semiconductor players, but a global race to attract them to countries where there is already an ecosystem is making it difficult for India to attract the biggies in the business. On Wednesday the government decided to throw open the doors to more players to participate in its semiconductor scheme. It is now looking at not only 28 nanometre (nm) chips and below, but higher nodes like 40 nm.
Zetwerk is not exactly a household name, but this unicorn, boasting revenues of Rs 11,450 crore as of last year, is among the top four electronics manufacturers in India. The startup is capitalising on a notable trend in smart TV sales - fall in collective shipments from top brands like Xiaomi, Samsung, LG and an uptick in the market share of smaller, regional, and online brands. Emerging as a key Electronics Manufacturing Services (EMS) player, Zetwerk operates a plant in Haryana that caters to 10 per cent of the country's overall smart TV production capacity.
