On July 9, Nvidia became the first business to reach $4 trillion in market value, marking a significant milestone in Wall Street's wager that AI will revolutionise the economy. Nvidia surged to $164.42 just after the stock market opened, valuing the company at more than $4 trillion.
Linda Yaccarino, the CEO of social media site X, has made her decision to leave her position. For the last two years, she has been in charge of Elon Musk's company, X. During her X announcement, Yaccarino thanked Musk for entrusting her with the duty of defending free
All e-commerce sites were forewarned by the FSSAI on 8 July to maintain strict food safety and hygiene standards or risk punishment. G Kamala Vardhana Rao, the CEO of the Food Safety and Standards Authority of India (FSSAI), presided over the meeting where the warning was given. More than 70
Apple is negotiating to get the US rights to broadcast Formula 1 as the internet giant expands its live sports programming and builds on the success of its popular film based on the racing car series. Various media reports stated that when the broadcast deal opens up next year, the
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Putting in an order for groceries was once considered the most difficult task. Shopping for groceries is becoming more pleasurable because of the development of "smart grocery stores" like Nature's Basket, Dmart, Reliance Mart, and others. But now that technology is driving more solutions, online grocery
On July 8, listed logistics startup BlackBuck announced that the Income Tax (IT) Department has sent it a tax demand notice for INR 28.55 Lakh. The company stated in a statement with the exchanges that the July 7 tax notice was sent because certain expenses that qualified for tax
In an internal letter to staff, the US-based trading company Jane Street slammed the Securities and Exchange Board of India (SEBI), calling its recent ruling accusing market manipulation "fundamentally mistaken." The company rejected SEBI's description of its trading approach as manipulative and instead described it as
After long-time operations chief Jeff Williams plans to retire, Apple CEO Tim Cook has made a significant leadership change by appointing Indian-origin executive Sabih Khan as the company's new COO. Khan, who has worked for Apple for thirty years, has been instrumental in creating and overseeing the company&
The former prime minister of the United Kingdom, Rishi Sunak, has returned to Goldman Sachs Group Inc. as a senior adviser. In a statement released on July 8, Goldman Sachs CEO David Solomon announced that Sunak, who was prime minister from October 2022 to July 2024, will collaborate with executives
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Chaayos is a vibrant and creative brand of Indian tea cafes that aims to give the traditional tea-drinking culture a contemporary spin. Chaayos has quickly expanded to become a well-known brand in the Indian cafe business by placing a strong focus on quality, customer experience, and innovation. The company ensures
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FirstCry is a multi-channel retailer that has a wide variety of items for mothers, children, and infants. With a wide range of products including diapers, feeding, skincare, toys, apparel, footwear, and more, FirstCry.com was born out of a desire to help the millions of Indian parents who struggle to
The Reserve Bank of India (RBI) has granted a prepaid payment instruments (PPI) licence to Zinka Logistics, a subsidiary of listed logistics giant BlackBuck. The business stated in an exchange statement that its fully owned subsidiary, TZF Logistics Solutions Pvt Ltd, was awarded the licence by the central bank. Banks
As the oil-to-telecom giant founded by billionaire Mukesh Ambani prepares for an IPO for its retail division, Reliance Industries Ltd. is moving all of its consumer products brands to a new wholly owned company. According to a June 25 National Company Law Tribunal order, the brands—which include clothing, fashion,
According to media sources, the Adani group has emerged as the front-runner to purchase Jaiprakash Associates Ltd (JAL), which is presently going through insolvency processes, with a bid of up to INR 12,500 crore. With no limitations attached, the company has offered an upfront payment of about INR 8,
The National Restaurant Association of India (NRAI) has chosen to speak with Zomato this month after a flurry of restaurant complaints regarding the food tech giant's recently implemented long-distance service charge. According to various media reports, the restaurant industry association had preliminary talks with Deepinder Goyal, the CEO
Supported by Info Edge, Nopaperforms is now a publicly traded company. The conversion was accepted by the company's board at its May 22 meeting, according to its regulatory records that were accessed by a media outlet. Later, on May 26, during an extraordinary general meeting, its shareholders approved
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Le Travenues Technology Ltd., which operates under the trade name "Ixigo," is a prominent online travel agency (OTA) that was founded in 2006. Aloke Bajpai and Rajnish Kumar started the company so that people in India could easily book hotels, trains, buses, and flights. The Bangalore-based company has
With its DRHP submitted to markets regulator SEBI under the confidential pre-filing procedure, e-commerce giant Meesho has joined the long line of Indian new-age digital businesses seeking to go public. According to various media reports, Meesho's public offering will include a new offering of shares valued at roughly
The popular food and grocery delivery service Swiggy is closing Minis, an online shopfront for creators and small businesses, in order to concentrate more on its key pillars of rapid commerce and food delivery while closing non-core enterprises. According to information obtained by a media outlet, the corporation has informed
The RBI has instructed banks and payment institutions to incorporate the telecom department's (DoT) financial fraud risk indicator (FRI) into their systems in light of the increasing number of cybercrimes. The RBI guideline, released on June 30, seeks to use cutting-edge technologies to combat cybercrime. The DoT hailed
According to a term sheet accessed by a media outlet, Harindarpal Singh Banga and Indra Banga would sell a 2.1% share in the beauty and personal care firm Nykaa for $140.3 million (about INR 1,200 crore) in a block sale. According to the term sheet, the Bangas,
Hundreds of Chinese engineers and technicians employed at Foxconn's facilities, Apple's primary supplier, were urged to leave as the company prepared to increase manufacturing of its next flagship iPhone in India. According to various media reports, more than 300 highly qualified employees have left Foxconn'
According to reports, Microsoft is laying off 4% of its employees worldwide. The tech giant said on July 2, that it was letting go of almost 9,000 workers from several departments. Professionals of all experience levels are apparently preparing for the impact of these layoffs, which are occurring across
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Millions of Indians rely on MobiKwik, a financial technology pioneer, to streamline and improve their digital payment experience. Debit cards, credit cards, net banking, and even cash deposits are just a few of the ways customers may easily load money into their digital wallet with MobiKwik, an all-inclusive mobile payments