Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.
Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks. Further, ASM Technologies, a global technology engineering and product development services provider, has done a follow on investment in Lavelle Networks. In a statement on Monday, Airtel announced the acquisition of about 25 per cent strategic stake in SD-WAN startup Lavelle Networks but did not disclose financial details about the deal that entails a cash consideration.
Tech giant Alphabet on Monday launched a privacy feature on its app marketplace Google Play Store that will require developers to give people more information about how apps collect, share and secure users' data. Users will start seeing the data safety section in Google Play on Tuesday, and developers are required to complete this section for their apps by July 20. As app developers update their functionality or change their data handling practices, they will show the latest in the apps' data safety section.
The IMF said global growth is projected to reach 3.9 per cent in 2018 and 2019, in line with the forecast of the April 2018 WEO, but the expansion is becoming less even, and risks to the outlook are mounting.
Trinamool Congress MP Derek O'Brien said the situation in Bihar is one of the reasons behind the Parliament session being cut short by the government.
Government is framing a rule that will make it compulsory for regulators like Sebi, Irdai and PFRDA to deposit a significant portion of their reserves into the Consolidated Fund of India.
In yet another racial attack on Indian students in Australia, a 22-year-old Sikh youth was assaulted by a group of six teenagers, who tried to remove his turban and cut his hair. Resham Singh, a student who came from Punjab six months ago, became the 20th victim within a month, when he was attacked on Monday at Dandenong Station in Melbourne.Singh, who could not speak English properly, explained in Punjabi, "They tried to remove my turban and cut my hair."
After opening with a 10-over 80, the former world number one's fate had appeared sealed and the 39-year-old made it official with an equally uninspiring second-round 76 to set another shocking career low.
OPEC hopes lower fuel prices will stimulate more demand in the long run
2016 will be the first time in 15 years that the ratio between trade growth and world GDP will fall below 1:1
The Tata group flagship has sold more sport utility vehicles (SUVs) in the domestic PV market in the past four months than any other automotive manufacturer, cementing its no.1 spot. It first grabbed pole position in the SUV segment in October 2021 after the launch of the Punch - a sub-compact SUV offering.
But there have been no changes in the hostel fee structure for BPL students who avail scholarships and for non-BPL students, the varsity said.
Jansen -- who will turn 22 on Sunday next, May 1 -- had wiped out du Plessis, Kohli and Rawat -- three key batters in the RCB top order -- and in the process, helped facilitate an epic batting collapse that would make it in the record books -- for all the wrong reasons.
The latest forecast, given by Earth Sciences Minister Jitendra Singh, was a downward revision from a previous forecast of 93 per cent given at the outset of the monsoon in June, but was nowhere near as bad some farmers had feared.
There has always been a risk-taking edge to Imran Khan. Like him or hate him, it had to be someone like him to finally threaten to demolish the Pakistani establishment, explains Shekhar Gupta.
Even before Boris Johnson stepped out of 10 Downing Street on Thursday to deliver his resignation speech as Conservative Party leader and triggering a leadership race for a new British prime minister, at least one Indian-origin candidate is already lined up to compete for the "best job in the world".
City, storming towards their third league title in four years, scored three late goals to wrap up victory and move onto 65 points with 11 games left to play ahead of Manchester United on 50 points with a game in hand.
With no rate cuts on the table, the other monetary policy alternative could be to reduce the width of the asymmetric policy corridor or increase in reverse repo rate when the pandemic subsides, they opined.
The RBI Governor brought down retail inflation to 3.8% in July.
]If Andhra Pradesh's middle class is denied salaries and pensions or, if these are delayed, it will rise against Jagan Mohan Reddy with the same fervour with which it voted him in.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'That is how our machinery operates and sees every prisoner.'
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Payal Pratap's collection inspires you to break free of confines and reflect on your inner emotions.
The India Meteorological Department said the deep depression over the Gulf of Mannar close to Ramanathapuram district's coast remained practically stationary for 18 hours and then weakened into a depression.
Boundary-breaking Designer Ujjwal Dubey is shaking up the fashion industry with his gender fluid collection.
Dear Mr Spielberg, can we now put to rest this overstretched, bloated dinosaur franchise? asks Aseem Chhabra.
China has blocked a proposal by the US and India at the United Nations to blacklist Abdul Rauf Azhar, the brother of Jaish-e Mohammed (JeM) chief Masood Azhar and the deputy chief of the Pakistan-based terror group, in the second such move by Beijing in less than two months.
Shifting to floating rate deposits can work as an anaesthetic gel for some customers, points out Tamal Bandyopadhyay.
The move is meant to curb or reverse the export of India's financial markets to overseas trading platforms.
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Tesla Inc chief Elon Musk is set to acquire micro-blogging site Twitter for about $44 billion. Back home, India Inc, too, is seeing aggressive merger and acquisition (M&A) activity with PVR-Inox and HDFC-HDFC Bank announcing their mergers recently. While Axis Bank recently acquired Citi India's India retail business, reports suggest Larsen & Toubro Infotech (LTI) and Mindtree could be eyeing a merger.
'Let's get a woman to be the antagonist, who really throws me around and hammers the s**t out of me. That would be fun.'
Companies spent less money buying back their shares from the public last year than at any time since 2015. They announced buybacks of up to Rs 14,341 crore, show numbers from primary market tracker Prime Database. The total amount spent was Rs 13,597 crore. Both the amounts are lower than what was offered (Rs 39,564 crore) and spent (Rs 36,517 crore) in 2020.
Pakistan Prime Minister Imran Khan on Thursday began his engagements in Moscow by laying a wreath at the Tomb of the Unknown Soldier, and is scheduled to meet Vladimir Putin, hours after the Russian president ordered a special military operation in eastern Ukraine, ignoring last-minute appeals and warnings from the West.
Agra has long been known for the Taj Mahal, but it is also a manufacturing hub filled with micro, small and medium enterprises (MSMEs) that make everything from electronic components to metal products, from paints and chemicals to footwear. And five years after the introduction of the Goods and Services Tax (GST), the MSMEs here complain that while the indirect tax regime has been transformative, cutting out the need to file multiple taxes, its biggest drawback has been the delay in credit refunds. Whoever you speak to - MSME owners, tax lawyers, or industry bodies like the National Chambers of Industries and Commerce (NCIC), Agra Footwear Manufacturers and Exporters Chamber (AFMEC) and Agra Shoe Manufacturers Association (ASMA) - they all emphasise that the GST continues to face some key challenges.
India's largest carrier IndiGo will cut 20 per cent of its flights due to lower demand as a rapidly spreading coronavirus upends the recovery of air travel. The airline was operating around 1,200 flights as on Saturday. Other airlines are being forced to cancel flights as states tighten restrictions to combat the spread of the virus, and people are dropping last-minute travel plans. Airlines carried 2,518 passengers on 260,251 flights on Saturday, compared to 2,794 passengers on 358,856 flights the day before.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
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