Sun Pharmaceutical Industries has agreed to buy US drugmaker Organon in an all-cash deal valued at US$ 11.75 billion, in one of the biggest overseas acquisitions ever announced by an Indian company. The deal gives Organon shareholders US$ 14 per share and is expected to close in early 2027,
Pine Labs, headed by Amrish Rau, is aiming to strengthen its relationship with direct-to-consumer (D2C) merchants. On that note, the brand on 25 April paid INR 88 crore to purchase Shopflo, a platform that optimises checkout processes. Shopflo allegedly processed transactions for 60 million clients through more than 1,000
To fortify its leadership bench, Flipkart promoted a group of senior executives. The decision is made in anticipation of the brand's upcoming growth phase and its initial public offering, which may happen as soon as next year. In an internal message, Flipkart Group CEO Kalyan Krishnamurthy emphasised the
Anthropic will receive $10 billion from Google today, with an additional $30 billion on the table if the artificial intelligence business meets specific performance targets. The latest indication that Big Tech's hunger for cutting-edge AI is far from abating is the purchase, which values Anthropic at $350 billion.
Paytm Payments Bank's (PPB) banking licence has been revoked by the Reserve Bank of India (RBI). The RBI said that the bank's "general character of management" was harmful to depositors' and the public's interests. Additionally, it highlighted how the bank'
In the US, thousands of Microsoft employees have the option to retire voluntarily. In an attempt to realign its personnel and control expenses, the company has taken this daring action. About 7% of Microsoft's US employees will be able to participate in buyouts thanks to the scheme. With
New Delhi [India], April 23: In an effort to address gaps in India’s deep technology ecosystem, Startup Stairs has announced the launch of Startup League 2026, a national-level hackathon and funding platform focused on early-stage innovation. The event is scheduled to be held on June 11, 2026. The initiative
Nithin Kamath, the billionaire co-founder and CEO of Zerodha, India’s largest stockbroker, has issued a stark warning regarding the widening chasm of wealth inequality, describing the current global economic trajectory as "sitting in a car with the brakes cut, watching a cliff approach." In a candid reflection
In a statement sent to employees on May 20, Meta's chief people officer Janelle Gale announced plans to lay off about 10% of the company's worldwide workforce. After weeks of rumours about the social media company laying off employees, Gale finally broke the news. According to
Indian startups saw focused funding activity led by fintech, with AI-driven platforms continuing to attract investor interest. The day was anchored by Oolka’s ₹130 crore raise backed by Accel and Lightspeed. On the business front, IPO momentum and leadership moves stood out, including PlaySimple’s DRHP filing and a
Aspire Impact secures investment from Parinama Group, names Saloni Malhotra as CEO, and brings Dr Ram Sharma on board. The ESG measurement firm hits ₹36 crore valuation with strong growth and global expansion plans.
Gold and silver prices in India extended their correction on Friday, 24 April 2026, sliding for the second consecutive session as a firmer US dollar, delayed Federal Reserve rate-cut expectations, and residual Strait of Hormuz uncertainty weighed on both metals. MCX gold fell 0.17% to ₹1,51,499/10g
About 10% of KPMG's audit partners in the US will be laid off. The decision is a result of a lack of success in a multi-year campaign to promote early retirements. Over a hundred partners are anticipated to be impacted by the cuts. Some will depart through voluntary
Approximately 1,400 positions will be eliminated in Nike's global operations business. In an internal memo, COO Venkatesh Alagirisamy stated that technology teams would be the hardest hit by the layoffs. As the organisation enters the last stage of its turnaround plan, the memo details a number of
As part of a larger cost-cutting initiative, Nestlé's French division has announced plans to lay off approximately 180 employees, according to Reuters. In October, the food giant announced plans to slash thousands of posts globally. This step is part of a bigger reorganisation initiative, which includes the proposed
Infosysthe $20 reported a mixed but resilient performance for FY26, crossing a major revenue milestone and delivering strong profit growth. However, a cautious outlook for FY27 overshadowed the results, triggering a decline in its share price as investors focused on future growth concerns rather than past performance. Infosys Q4 FY26
In FY27, Infosys plans to employ approximately 20,000 freshers. Consequently, the firm was able to keep up its campus hiring pace despite a decrease in the overall workforce and an ease in attrition during the March quarter. The move is in line with the company's calibrated workforce
As new worries about cybersecurity, deepfakes, and threats to vital sectors arise from the fast development of AI, the Centre is increasing its focus on AI regulation. Reportedly, a six-person Technology and Policy Expert Committee (TPEC) was formed on April 13. The TPEC is reportedly working on new rules that
Indian startups drew capital across gaming, AI cybersecurity, textile tech, and consumer AI on Wednesday. The day's headline raise came from Bengaluru-based game studio LightFury Games, which secured $11 million (~₹103 crore) in a pre-Series A round led by Blume Ventures, V3 Ventures, MIXI, and Times Internet, with
On April 23rd, Amazon India announced plans to spend over INR 2,800 crore ($300 million) to enhance the safety of its employees and grow its logistical networks. The online retailer intends to spend over $35 billion by 2030 on exports, employment, and digitalisation driven by artificial intelligence. With this
Gold and silver prices in India presented a mixed picture on Thursday, 23 April 2026, as the bullion market navigated competing forces: a mild recovery in global spot prices on one hand, and continued domestic retail pressure following a sharp three-day correction on the other. Whilst international bullion prices attempted
The proposed rules for PPI regulation were unveiled by the Reserve Bank of India (RBI) on April 22. The next set of regulations, titled the draft Master Direction on Prepaid Payment Instruments (PPIs), 2026, is intended to supersede the master directions from 2021. Additionally, it will bring a better organised
Razorpay has incorporated Google Pay to facilitate cross-border transactions. As a result, Indian exporters can now offer wallet-based checkout, which would greatly enhance the success rate of payments in global e-commerce. According to Razorpay, Indian companies may now accept payments from customers all across the world thanks to its integration