As the consumer durable industry waits for the production-linked incentive scheme (PLI) for refrigerators under Prime Minister Narendra Modi’s vision of Make in India and Aatmanirbhar Bharat Mission (Self Reliant India),…
Category: Companies
Shark Tank India Season 2: Delhi-based start-up Primebook bags Rs 75 lakh funding from Peyush Bansal, Aman Gupta
Made-in-India android laptop brand Primebook has secured Rs 75 lakh investment from ‘sharks’ Peyush Bansal and Aman Gupta in the second season of the popular business reality show Shark Tank…
Sequoia-backed cloud kitchen unicorn Rebel Foods fires close to 2% of its workforce
Sequoia-backed cloud kitchen company Rebel Foods, which houses brands like Behrouz Biryani, Faasos, Oven Story, among others, has reportedly fired close to 2 per cent of its workforce due to…
‘Phony business meetings at 7:30 am’: How Goldman Sachs laid off over 3,000 employees in a day
US investment bank Goldman Sachs reportedly asked targeted employees to attend “phony” business meetings where they were told they’d been laid off. Bankers were emailed calendar invites for a meeting…
Layoffs continue! Now, Google-backed Dunzo fires 3% of its workforce
Google-backed delivery platform Dunzo has announced the layoff of 3 per cent of its workforce, citing restructuring. With this move, the company joins the club of Indian startups that have…
Tata’s Air India to order around 500 planes
Air India is set to order around 500 planes as an airline industry recovery takes hold following the pandemic, one of the world’s leading aircraft lessors said on Monday. “As a…
Commodity-based inflation pretty much gone, says Nadir Godrej; Axis Bank CEO Amitabh Chaudhry cautious
Leading industrialist Nadir Godrej is reasonably sure that India’s retail inflation is under control and that the Reserve Bank of India (RBI) is not likely to raise interest rates by…
Lighthouse Canton marks first close of India-focused debt fund at Rs 155 cr
Singapore-based investment and wealth management firm Lighthouse Canton, which launched in India in 2020, has announced the first close of its maiden venture debt fund at Rs 155.4 crore. A…
What Mamaearth IPO papers tell investors about ITC, HUL, Marico & other traditional FMCG players
New-age personal and wellness brands such as Mamaearth (Honasa Consumer), WowSkin Science, Plum, Sugar and Good Glamm gained high traction during the pandemic due to their digital-first approach, but traditional…
Paytm Payments Bank gets final RBI nod to operate as Bharat Bill Payment Operating Unit
Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill…