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Kia, another South Korean automaker, has decreased its ownership in the EV company, while Hyundai Motor has sold off all of its shares in Ola Electric. According to a news agency, the total share sale brought in about INR 6.89 billion ($80 million). Hyundai, which had previously owned 2.
According to reports, Good Glamm Group has postponed staff salaries for the second consecutive month in May. April and May's pay were meant to coincide, according to a news source that quoted an employee, but that doesn't appear likely to happen anytime soon. It's
The founder of the Indian grocery delivery startup KiranaPro told a media outlet that the company had been hacked and all of its data had been erased. Deepak Ravindran, co-founder and CEO of KiranaPro, told a media source that among the deleted data were the company's app code
According to court documents examined by a media group, the conflict between Aakash Educational Services (AESL) and edtech company Byju's has intensified. Aakash filed a strongly worded petition before the National Company Law Tribunal (NCLT) in Bengaluru, accusing international consulting firm Ernst & Young (EY) of professional misconduct
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The idea of a franchise business is becoming more and more famous in numerous industries. The main reason this idea is so popular is that it not only helps brands make more money, but it also helps them connect with more people around the world. After making waves in other
Global semiconductor companies X-Fab, DNeX, and Globetronics are reportedly in negotiations with Tata Electronics to purchase a fabrication or outsourced semiconductor assembly and test (OSAT) facility in Malaysia. According to a media report, the deal will be spearheaded by KC Ang, the recently appointed president and head of Tata Semiconductor
Microsoft has revealed that 305 workers would be let go in another round of layoffs. Less than three weeks have passed since the IT giant laid off over 6,000 workers worldwide in its most recent wave of layoffs. The Washington office's more than 300 workers were let
A media outlet stated on June 2 that the media powerhouse The Walt Disney Company (Disney) was cutting off hundreds of workers from its corporate finance, television (TV), and film departments, according to a source. "The job cuts will affect teams worldwide, including casting and development departments, TV publicity,
A plan to issue 411.4 Cr bonus shares has been authorised by Meesho's shareholders before the e-commerce giant files its draft red herring prospectus (DRHP) with SEBI, the market regulator. The proposal to issue bonus shares of INR 1 each to equity owners in a 47:1
On June 5, Uber announced the departure of Pierre-Dimitri Gore-Coty, the head of its delivery division and one of the company's longest-tenured top executives, after nearly 13 years. According to his LinkedIn page, Gore-Coty began his career with Uber in 2012 as a general manager in France and
According to a media source, Sumitomo Mitsui Banking Corporation (SMBC) plans to apply for a licence from the Reserve Bank of India (RBI) to run a fully owned subsidiary in India. The action is a component of the Japanese conglomerate's strategy to take over Yes Bank. Before State
According to a media agency, Heavy Industries Minister H D Kumaraswamy stated on 2 June that Tesla has no plans to produce electric cars in India anytime soon. Although local production is not currently in Tesla's plans, the company is getting ready for a market debut. According to
Sanofi, a French pharmaceutical business, said on June 2 that it has agreed to purchase Blueprint Medicines Corporation, a biopharmaceutical company based in the United States that specialises in systemic mastocytosis, a rare immunological condition. Sanofi would pay $129.00 per share in cash under the terms of the transaction,
The number of transactions using the Unified Payments Interface (UPI) increased 4.4% from 17.89 billion in April to 18.68 billion in May, setting a new record. There were 33% more trades than the previous year. UPI transactions experienced a 2.2% month-over-month (MoM) decline in April. The
In the midst of ongoing industry-wide reorganisation, Microsoft-owned LinkedIn has announced the layoff of 281 workers throughout California, joining a growing number of IT firms that have done so. A recent filing with the state's employment agency revealed the job layoffs, which primarily affected talent account directors, senior
According to CEO Campbell Wilson, Air India aims to shift operations to alternative Maintenance, Repair and Overhaul (MRO) facilities in order to lessen its need for Turkish Technic for the maintenance of its wide-body aircraft. Given current geopolitical events surrounding Turkiye, the action was taken. Turkiye denounced India's
Due to non-compliance with food safety regulations, the Food and Drug Administration (FDA), Maharashtra's food safety agency, suspended Zepto's food business licence in Mumbai's Dharavi area on June 1, 2025, according to a prominent media outlet. The report claims that during a recent inspection,
In a case involving deceptive YouTube videos suggesting that investors purchase shares of Sadhna Broadcast, markets regulator SEBI has banned Bollywood star Arshad Warsi, his wife Maria Goretti, and 57 other businesses from the securities markets for a period of one to five years. Warsi and his wife, Maria, were
According to a media report, the Centre is seeking an explanation from Patanjali Ayurved Ltd on a number of financial transactions that federal economic intelligence services have identified as suspicious. The company has received a notification from the Ministry of Corporate Affairs, which is also looking into possible fund diversion
WhatsApp to Introduce Log-Out Feature Without Data Loss According to reports, WhatsApp is working on a new feature that will allow users to exit their primary account without permanently erasing their data. WhatsApp does not yet allow you to log out of your account on your primary device without losing
According to reports, Ashwini Vaishnaw, the minister of information technology, stated that the government is prepared to acquire 14,000 more graphics processing units (GPUs) as part of the IndiaAI Mission. Vaishnaw stated that the ministry's goal in the initial round was to make 10,000 GPUs accessible
Walmart International is approaching Flipkart's expansion cautiously, giving market share and long-term potential precedence above immediate financial gain. Kathryn McLay, president and CEO of Walmart International, stated during the 41st annual strategic decisions conference hosted by Bernstein that the company is dedicated to growing Flipkart in a sustainable
All of Gensol Engineering Limited's and its affiliated companies' bank accounts and lockers have been frozen and attached by the Ahmedabad-based National Company Law Tribunal (NCLT). The Ministry of Corporate Affairs (MCA) filed a complaint accusing the corporation of financial mismanagement and substantial corporate fraud, which prompted
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If you're considering venturing into the fashion industry and want to explore the world of clothing brand franchises, you're in the right place. India's retail sector is thriving, and clothing franchises offer a lucrative opportunity to tap into this booming market. Clothing franchises have