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Jio Platforms’ Q2 consolidated net profit jumps 23.5 pc to ₹3,728...

Jio Platforms on Friday posted a 23.48 per cent jump in consolidated net profit to ₹3,728 crore for the second quarter ended September 30, the company's parent firm Reliance Industries Ltd (RIL) said in a statement.

BeepKart raises $3 million seed round to build digital-first used 2-wheeler...

BeepKart, a full-stack online retailer of used 2-wheelers, has announced that it has raised a $3 million seed round led by Stellaris Venture Partners and Chiratae Ventures. The round also saw participation from angel investors including tech founders like Varun Alagh (Mamaearth), Sahil Barua (Delhivery), Vivekananda Hallekere (Bounce), Kunal Shah (CRED), Ramakant Sharma (Livspace) and Rajesh Yabaji (Blackbuck). Founded by Hemir Doshi and Abhishek Saraf, BeepKart is taking a tech-first approach to address the trust deficit in the massive used 2-wheeler market.

Zomato co-founder Gaurav Gupta quits just months after IPO

Zomato co-founder Gaurav Gupta has quit. This was announced by Gupta himself in an email he sent to Zomato employees. Notably, through the entire process of the Zomato IPO held recently, Gupta was the leading figure.

India’s Bharti Airtel prepares launch of 5G by planning to raise...

Indian wireless carrier Bharti Airtel said on Sunday it plans to raise up to 210 billion rupees ($2.86 billion) via a sale of shares to existing shareholders as it builds a war chest to prepare for the launch of 5G services.

Samsung unveils $205bn plan to hire 40,000 over three years

Samsung Group has unveiled a 240 trillion won ($205 billion) expansion that will entail hiring 40,000 people over three years, a sprawling investment blueprint intended to build the South Korean conglomerate’s lead in next-generation technologies.

After a successful IPO, Zomato reports massive loss in Q1 results...

Online restaurant aggregator and food delivery platform Zomato has reported a net loss of ₹360.7 crore in Q1, mainly due to a huge rise in expenses. Zomato had posted a net loss of ₹99.8 crore for the corresponding period of the previous fiscal. Notably, Zomato had an extremely successful initial public offering recently.

Krafton raises 3.8 billion in IPO debut

Shares in Krafton Inc, the Tencent Holdings-backed South Korean company behind blockbuster video game "PlayerUnknown's Battlegrounds" (PUBG), fell as much as 20% from their IPO price on their trading debut on Tuesday.

Nykaa has filed preliminary papers with Sebi to raise funds

E-commerce beauty company Nykaa has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share-sale. The initial public offering (IPO) comprises fresh issue of equity shares worth ₹525 crore and an offer for sale of 4,31,11,670 equity shares by the selling shareholders, according to draft red herring prospectus (DRHP).

Apple reports double-digit growth in India in the June quarter

Apple shared the financial results for the fiscal year 2021 third quarter that ended on June 26 and reported a June quarter record revenue of $81.4 billion, up by 36% as compared to the same period last year.

Walmart’s Flipkart says CCI probe shouldn’t treat it the same as...

Walmart's Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two...

Airtel Business and Cisco launch next-gen SD-WAN connectivity solutions for enterprises

Bharti Airtel ("Airtel"), India's premier communications solutions provider, and Cisco today announced the launch of next-gen connectivity solutions for enterprises based on...

Grapes Digital bags the Digital AOR and Communication Mandate for Supertails.com

Bangalore based digital pet care start-up, Supertails.com has assigned its first time digital AOR and Communication (PR) mandate to Grapes Digital, India’s fastest-growing digital-first...

ByteDance founder Zhang Yiming steps down as CEO ahead of mega...

ByteDance Ltd. founder Zhang Yiming will cede the reins of TikTok’s owner to an old college roommate and lieutenant, stepping back from running the...

Amazon claims Parler is trying to conceal its ownership

Amazon has accused Parler, the social network known as a conservative alternative to Twitter, of trying to conceal its ownership amid a legal...

Food delivery startup Swiggy gets $800 million in funding

Indian food delivery app Swiggy is closing an $800 million funding round from investors including Falcon Edge Capital LP and Goldman Sachs...

Alphabet’s Waymo CEO steps down as tech executives take over

John Krafcik stepped down as chief executive officer of Alphabet Inc.’s Waymo self-driving vehicle division, making way for two tech industry veterans to jointly...

Apple to build battery-based solar energy storage project in California

Apple Inc said on Wednesday that it will build a battery-based renewable energy storage facility in Central California near a solar energy...

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