Flipkart’s group chief financial officer Sriram Venkataraman is stepping down from his position, the e-commerce giant said in a statement on Friday, adding that in the meantime, Flipkart CFO Ravi…
Category: Companies
Rentomojo aims to raise up to ₹1,200 cr via IPO, to file draft papers soon
Furniture rental startup Rentomojo is expected to file its draft papers in the coming weeks for a listing to raise about ₹1,000–1,200 crore, three people familiar with the matter said.…
Mint Explainer | Why Big Food is cutting back: Slow growth, new health trends, and GLP-1 drugs push giants to exit
Earlier this week, Bloomberg reported that Unilever plans to spin off its food business, after carving out its ice-cream unit into The Magnum Ice Cream Company, including India’s Kwality Walls.…
Crypto.com layoffs: Company to cut 12% workforce as AI push reshapes operations — all you need to know
exchange Crypto.com announced on Thursday that it is trimming 12% of its workforce as part of its efforts to integrate artificial intelligence into its operations, a trend seen across corporate…
Titan leans on silver as gold rally prices out entry-level buyers
Bengaluru: Soaring gold prices are squeezing Titan Company Ltd’s price-sensitive customers, prompting the Tata Group firm to double down on studded silver jewellery to defend growth in its sub- ₹1…
HDFC Bank crisis: Investors in the dark despite repeated reassurance
Investors were left scratching their heads on Thursday after the abrupt resignation of HDFC Bank chairman Atanu Chakraborty the previous night, while shares of India’s largest private sector lender plunged…
Singer India eyes premiumization, diversification to garner greater market share
MUMBAI: Sewing machine manufacturer Singer India Ltd. plans to focus on premiumization and diversification into consumer products to garner a greater share in the domestic and industrial markets that are…
Amazon founder Jeff Bezos’s Blue Origin formally enters race to develop AI data centers in space
Jeff Bezos’s Blue Origin is seeking permission to deploy nearly 52,000 satellites capable of handling artificial-intelligence computing into orbit. The company said in a filing Thursday that its solar-powered AI…
New York man pleads guilty to cyberstalking in threats to relative of the late UnitedHealthcare CEO
ALBANY, N.Y. (AP) — An upstate New York man admitted to leaving harassing and threatening voicemail messages to a family member of slain Brian Thompson as he pleaded guilty to…
Live Nation CEO’s Pay Tied to ‘Solving’ DOJ-Antitrust Problem
(Bloomberg) — Live Nation Entertainment Inc. Chief Executive Officer Michael Rapino told a New York jury that his multi-million-dollar compensation is tied in part to his “solving the DOJ problem”…