Jungle Ventures, a venture capital firm targeting India and Southeast Asia, expects to exit 8–10 portfolio companies over the next 12-18 months, with half of those deals anticipated in India,…
Category: Companies
Oracle slashes 30,000 jobs: How much severance pay was offered? Which dept were affected? Key question answered
has announced 30,000 job cuts, marking the biggest single tech layoff in the last 12 months. A CNBC report confirmed that company’s stock price witnessed a sharp decline which is…
AAI profit leans on privatized airports as core network bleeds
NEW DELHI: The Airports Authority of India’s (AAI) profitability is increasingly being driven by a small set of privatized airports, even as most of the airports it runs continue to…
ChatGPT parent OpenAI raises $122 billion in record funding round, valuation hits $852 billion
has completed the largest private funding round, raising $122 billion ahead of its blockbuster initial public offering (IPO) expected to be launched by the end of this year. The deal,…
Electric 4-wheeler registrations up 88% in FY26; Tata Motors lead narrows amid rising competition
Electric passenger vehicle (e4W) registrations in India saw a sharp surge in FY26, rising 88 per cent on-year to 1.91 lakh units from 1.01 lakh in the previous fiscal, according…
Credit guarantee boost to help revive microfinance growth, says Muthoot Microfinance CEO Sadaf Sayeed
The government’s ₹20,000 crore credit guarantee support for the microfinance sector, announced on 21 March, comes at a crucial time for smaller non-banking finance company-microfinance institutions (NBFC-MFIs), which are grappling…
‘Today is your last working day’: Read the full text of Oracle’s layoff letter sent to thousands of employees
Cloud computing firm Oracle is laying off thousands of employees to cut costs, CNBC reported. According to Business Insider, employees have started receiving notifications on Tuesday. The full extent of…
Dosa to pizza chains realize there are no easy ways out of LPG shortage
Mumbai/Bengaluru: Fast-food chains serving dosas and momos to pizzas across India have found out that switching away from cooking gas amid the ongoing supply squeeze is difficult. The piped gas…
Why Wow! Momo’s packaged foods are emerging as a second growth engine
Wow! Momo Foods Pvt. Ltd, the Tiger Global-backed quick-service restaurant chain, is turning packaged foods into a major revenue driver. The 800-outlet chain eyes ₹850 crore in revenue for FY26,…
US appeals court denies bid from families of Boeing 737 Max crash victims to reopen criminal case
A federal appeals court has denied a request from dozens of families who lost relatives in two fatal to reopen a criminal case against the aircraft manufacturer. Lawyers for the…