Oracle has begun laying off employees as part of a cost-cutting effort, with its employees receiving notifications about their termination early Tuesday, reported Business Insider. “After careful consideration of ‘s…
Category: Companies
Mindspace REIT buys Chennai office from sponsor for ₹2,541 crore
Bengaluru: Mindspace Business Parks REIT has acquired a 2.6 million sq ft office campus in Chennai for ₹2,541 crore, as the Mumbai-based company steps up acquisitions to expand its portfolio.…
IndiGo taps ex‑British Airways CEO Walsh to steer airline through turbulence
India’s largest budget carrier, IndiGo, on Tuesday named William “Willie” Walsh, currently director general of the International Air Transport Association (Iata), as its chief executive, three weeks after Pieter Elbers…
Supply chain diversification, make-local push drives CCTV costs up by 20%
India’s move to restrict non-certified CCTV cameras with foreign-linked components is triggering a structural reset in the surveillance ecosystem, pushing companies to rework supply chains and accelerate localisation efforts. Large…
Mesabi Metallics ties up $520 million credit facility
Mesabi Metallics Company LLC, backed by the Essar Group, has entered into a new $520 million senior secured credit facility with Valor Mining Credit Partners II, LP, a dedicated mining…
Cargill India witnessing double-digit growth rate, B2B biz emerging as key growth pillar
Global food coporation Cargill is witnessing double-digit growth in India with the B2B business emerging as a key growth pillar. The company said it is also leveraging its Innovation Centre in the country…
Nvidia deal spree continues; Jensen Huang-led company to invest $2 billion in Marvell as AI race heats up
Jensen Huang-led , on Tuesday (local time), announced that it has invested $2 billion in a “strategic partnership” with Marvell Technology, adding that the two chipmakers now plan to partner…
Dugar Finance raises $5 million in Pre-Series A round led by HegdInvst
Chennai-based non-banking financial company (NBFC) Dugar Finance has raised $5 million (₹45 crore) in a Pre-Series A funding round led by HegdInvst, a Category II AIF focused on growth equity investments. The capital will support the company…
Rentomojo expects strong demand for rental furniture, appliances
With the cut in discretionary spending amid job losses triggered by the West Asia, the furniture and appliance rental platform Rentomojo expects strong demand as consumers defer high-value purchases such…
Novo Nordisk slashes Ozempic, Wegovy prices as generic competition heats up
Mumbai: Innovator Novo Nordisk on Tuesday said it is reducing the starting dose prices for its semaglutide brands Ozempic and Wegovy by 36% and 48%, respectively. It will also offer…