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The company has already established a significant presence in India, with a workforce of approximately 120,000 employees.
Updated : Dec 07, 2023

Exclusive: Deloitte plans to hire 50,000 people in next 5 years, says CEO Romal Shetty

The company has already established a significant presence in India, with a workforce of approximately 120,000 employees. This number represents nearly 25 per cent of Deloitte's global workforce.

LIC, which got listed in May 2022, has $503.07 billion in reserves.
Updated : Dec 07, 2023

With $503 bn in reserves, LIC becomes world's fourth-largest insurer

The LIC is only behind Germany's Allianz SE, China's China Life Insurance (CLI), and Japan's Nippon Life Insurance, according to a new ranking by capital market company S&P Global.

(From L-R): Salil Kumar, CEO, India Today Group Digital; Rajeev Kumar B R, Sr GM, BGST; R K Shenoy, CTO, Member Executive Leadership Team and Sr VP - Mobility Engineering Solutions, BGST; Naga Santhosh Kalicheti, Associate Director, BGST
Updated : Dec 07, 2023

India Today Group enters into strategic partnership with Bosch Global Software

The move is aimed at providing an innovative in-car experience through the India Today news app.

The brand is strategically positioning itself to capitalise on India’s overcrowded, but flourishing casual wear market
Updated : Dec 07, 2023

We aim to reach Rs 150 crore revenue in India by 2025, says Giordano’s Mark Alan Loynd

The brand is strategically positioning itself to capitalise on India’s overcrowded, but flourishing casual wear market

Lightspeed, Peak XV and Khosla Ventures infuse $41 mn into Sarvam AI to build India-specific Gen AI models
Updated : Dec 07, 2023

Lightspeed, Peak XV and Khosla Ventures infuse $41 mn into Sarvam AI to build India-specific Gen AI models

It plans to develop the “full-stack” for generative AI ranging from research-led innovations in training custom AI models to an enterprise-grade platform

Ray Dalio says author Rob Copeland was rejected when he applied for a job at Bridgewater
Updated : Dec 07, 2023

‘We rejected him’: Ray Dalio says author of critical book on him had applied for a job at Bridgewater

Ray Dalio, referring to Rob Copeland's critical book on him, expressed concerns about truth getting mixed with fiction by journalists. 

ED had alleged violations of FDI norms by Vivo from 2014 to 2018.
Updated : Dec 07, 2023

Vivo money laundering case: Chinese phonemaker named as accused in ED's charge sheet

In its remand application, the ED had alleged that the accused had cheated the government by entering India in a “disguised and fraudulent manner to set up an elaborate Chinese-controlled network throughout the country”.

Nikhil Kamath says that the biggest issue faced by the fintech sector is lack of adoption
Updated : Dec 07, 2023

'If you were in Bangalore trying to raise money...': Zerodha's Nikhil Kamath explains the 'bad' time for fintech companies

The CIO of the trading platform noted that the biggest issue faced by the fintech sector is the lack of adoption by users, which has significantly dampened the investor interest.

Gautam Adani says 90% of their cement production is blended cements
Updated : Dec 07, 2023

Gautam Adani says over 90% of their cement is made by recycling fly ash, slag

Adani Group chairman Gautam Adani said that he expects the group to become a leader when it comes to sustainable cement production.

Adani Ports and SEZ looking to acquire Gopalpur Ports in Odisha
Updated : Dec 07, 2023

Adani Ports looking to buy Shapoorji Pallonji Group’s Gopalpur Ports in Odisha

Gopalpur Ports will be Adani Ports and SEZ’s sixth acquisition of a multi-purpose facility in the eastern coast, if this deal follows through.

Viacom18 with its portfolio of JioCinema and 40 TV channels will be a direct subsidiary of Network18
Updated : Dec 06, 2023

RIL-owned TV18 Broadcast to merge with Network18, share exchange ratio announced

Under the arrangement, those holding 172 shares of TV18 will get 100 shares of Network18. 

The move comes ahead of the Bengaluru-headquartered firm's $700-million IPO (Initial public offering).
Updated : Dec 06, 2023

Ola Electric slashes sales targets ahead of planned IPO: Report

Ola's CEO Bhavish Aggarwal said the incentive cut would be a "short-term blip" for sales, and the company said the move would "have no impact on volumes"

Days after RBI bombshell, Paytm says 'will reduce loan disbursals below Rs 50,000'
Updated : Dec 06, 2023

Days after RBI's risk-weight directive, Paytm says it will reduce loan disbursals below Rs 50,000

Paytm says it has enhanced focus on higher ticket loans for consumers and merchants in partnership with banks and NBFCs

Aditya Birla Group's fashion and retail arm and high-end French footwear brand Christian Louboutin enter JV partnership
Updated : Dec 06, 2023

ABFRL announces joint venture with Christian Louboutin; check details here

The joint venture between ABFRL and Christian Louboutin is focused on the transfer of the existing Indian business into a newly incorported subsidiary of ABFRL. 

Adani Electricity receives this power from Adani Green's wind and solar hybrid plant, the world's largest plant
Updated : Dec 06, 2023

'On course to provide 60% renewable electricity to Mumbai by 2027': Gautam Adani

He further said that over 38 per cent of Mumbai's power supply is green at present. 

Updated : Dec 05, 2023

'Cash-for-kidney' scam: Health Ministry body orders probe against Apollo Hospitals; shares drop

UK-based The Telegraph published a report on December 3, claiming Apollo was "embroiled in a 'cash for kidney' racket in which impoverished people from Myanmar are being enticed to sell their organs for profit".

The Adani Group has been entangled in controversy since January 2023 when US-based Hindenburg Research alleged corporate misgovernance, among other charges.
Updated : Dec 05, 2023

US says Hindenburg allegations against Adani firm 'not relevant': Report

A report in Bloomberg News said allegations put up by US-based Hindenburg Research were closely examined as the International Development Finance Corp., or DFC, conducted a due diligence investigation of the conglomerate.

Earlier, in an interview to India Today TV, Nawaz Modi said Singhania denied the settlement demand, saying “do whatever you want”.
Updated : Dec 05, 2023

Raymond's Gautam Singhania, estranged wife Nawaz Modi initiate ‘realistic’ settlement talks: Report 

Gautam Singhania announced his separation from Nawaz Modi Singhania on November 13, following which Modi asked for 75 per cent of his $1.4-billion personal wealth for herself and their two daughters as settlement.

Despite challenges, FY2023 saw an 8% YoY growth, reaching Rs 7,082 crore. H1 FY24 witnessed a recovery with 14% growth.
Updated : Dec 04, 2023

Piramal Pharma allocates Rs 330 crore towards capex H2FY24

Firm targets Rs 1,000 crore growth in consumer health business

Sadhana Nitro Chem plans to build a 15-20 MW green hydrogen facility, using solar and wind energy.
Updated : Dec 04, 2023

Sadhana Nitro Chem to set up 15‐20 MW green hydrogen facility 

Its board has approved a rights issue and the proceeds will be used to acquire a 126-acre plot for the development of a solar facility and a wind energy installation

Spotify announces another round of layoffs, to let go of 17% workforce
Updated : Dec 04, 2023

Spotify layoffs: Music streaming giant to cut 17% workforce, says CEO Daniel Ek

Spotify to lay off 17% workforce: In a letter to the employees, Daniel Ek said that they will receive a calendar invite within two hours from HR for a one-on-one conversation.

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