Venture capital and growth investing firm Peak XV Partners has fully exited One MobiKwik Systems Ltd through an over ₹130-crore block deal, selling its remaining stake shortly after the fintech…
Category: Companies
Native logic: Urban Company bets on Diwali launch of AC-purifier hybrid to scale consumer durables business
BENGALURU: Urban Company Ltd plans to launch an air-conditioner-cum-air purifier ahead of Diwali this year, according to two people with direct knowledge of the matter, as the quick-services platform expands…
Bain Capital-backed Dhoot Transmission acquires Multilink to boost electronics manufacturing
Mumbai: Bain Capital-backed automotive component manufacturer Dhoot Transmission Ltd has acquired Multilink Pvt. Ltd., which makes electronics and electrical products for two- and three-wheeler makers in India, the companies said…
Peak XV fully exits Mobikwik in ₹130 crore block deal
Venture capital firm Peak XV Partners has fully exited from fintech firm One MobiKwik Systems through a block deal of over ₹130 crore, sources aware of the development said. According…
Jus’ Onco secures investment from TNESSF
Jus’ Onco, a Chennai-based startup building a decentralised Collaborative Cancer Care Network (C3N) has secured an undisclosed amount in investment from the Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC) through…
Toyota supplier Denso posts sharp jump in fourth-quarter profit
Japan’s Denso, a major auto parts supplier to Toyota, posted a 50 per cent rise in fourth-quarter operating profit on Tuesday, as higher production volumes helped offset an increase in…
FDA proposes to withdraw Amgen’s drug for rare autoimmune diseases over effectiveness
The US Food and Drug Administration’s Center for Drug Evaluation and Research (CDER) has proposed withdrawing approval of Amgen’s drug for rare autoimmune diseases, citing a lack of proven effectiveness…
Salesforce hiring: CEO Marc Benioff says he will hire 1,000 graduates as AI-led layoffs hit Big Tech
CEO Marc Benioff recently posted on social media platform X that his firm will be hiring 1,000 new graduates and interns “to ride the AI exponential.” His post comes at…
Meta preparing to unwind $2.5 billion Manus acquisition, let co-founders go after China ban: Report
Meta is planning to unwind its acquisition of AI startup Manus after the Chinese government banned the transaction on Monday on national security grounds, according to a new report by…
Bank CEO used his voice clone to run earnings call before announcing OpenAI partnership to build a ‘digital workforce’
During a first-quarter earnings call recently, Customers Bank CEO Sam Sidhu pulled off an unusual stunt. Nearly thirty minutes into the briefing, he revealed to analysts that his prepared remarks…