Tech billionaire Jack Dorsey, most famous for founding Twitter (now X), has warned that in the next five to ten years, people will be unable to distinguish between what’s real and what’s fake. “Don’t trust; verify,” he advised. “You have to experience it yourself. And you have to learn yourself. This is going to be … Read more
Paytm is partnering with travel aggregators such as Skyscanner, GoogleFlights, Wego to expand its travel segment, the company said in a stock filing report. It is planning to partner with other international aggregators such as Cambodia Angkor Air, SalamAir and FlyDubai. The filed a Disclosure under regulation 30 of SEBI The company has reported that … Read more
Dutch investor Prosus Ventures has written off its $530-million investment in Byju’s, amid a legal standoff between the troubled online tutor and some of its once-enthusiastic institutional backers. Prosus and other investors in Byju’s, including PeakXV Ventures, General Atlantic and Sofina, are fighting a battle to oust Byju Raveendran as the chief executive of the … Read more
Sony Pictures Networks India (SPNI) has appointed Gaurav Banerjee as its new managing director and chief executive, effective on or before 26 August. Banerjee will succeed NP Singh, who stepped down last month after a 25-year tenure. Mint had first reported that Sony would hire Banerjee to replace Singh on 28 May. Banerjee previously served … Read more
The Hindenburg report allegations were baseless, said Gautam Adani in the Annual General meeting of Adani Enterprises on Monday. “We were faced with baseless accusations made by a foreign short seller that questions our decades of hard work,” Adani said. Adani, however, did not name the short seller. “Typical short sellers target gains from the … Read more
Founded by Sandeep Tandon, Quant Mutual Fund got its MF license from the markets regulator in 2017 and is the fastest-growing mutual fund in the country with over ₹90,000 crore of assets under management (AUM). Issuing a clarification, the company said it is “fully committed to co-operate with the regulator” and “will provide all necessary … Read more
Market regulator Securities and Exchange Board of India (SEBI) has conducted search operations at two premises of Quant Mutual Funds on suspicion of front-running. SEBI has conducted search operations at Quant’s head office in Mumbai and Hyderabad. Suspecting front-running transactions by a dealer or a brokerage, SEBI questioned Quant Mutual fund dealers and persons … Read more
Actor Rana Daggubati has launched a new tequila with south Indian musician Anirudh Ravichander and Sree Harsha Vadlamudi, owner of microbrewery Ironhill India. The three have invested a combined $10 million in the company, Ironhill Hospitality Pvt Ltd. The tequila, called Loca Loka, will be made from 100% agave grown in the Jalisco region of … Read more
India’s second richest person, Gautam Adani, received a total remuneration of ₹9.26 crore in 2024, lower than his key executives and other industry peers. An annual report of the Adani Group’s 10 listed entities showed that the industrialist drew a salary from only two of his 10 companies in the ports-to-energy conglomerate. For the 2023-24 … Read more
Financial services platform Groww has come under heavy criticism on social media after a user alleged that investment made via the app did not actually happen and that details of the folio were wiped out when the question was raised with the company. Taking to social media, a user accused the company of fraud, alleging … Read more
On Friday, 21 June 2024, Infosys completed a quarter of a century of being listed on the Nasdaq exchange in the US, according to a filing to stock exchanges. “It was an honor to be invited to ring The Opening Bell at this morning. This commemorates Infosys’ 25 years of being listed in the … Read more
“In the short to medium term, we are seeing businesses pausing growth and even allowing for shrinkage to weed out unsustainable and harmful elements,” said Sheetal Bahl, a partner at Merak Ventures. However, he added that this is not a permanent shift. “Once startups consolidate their positions, they’ll refocus on growth, but in a more … Read more