Business News

Zepto raises $200 million in Series-E funding: Emerges as 2023’s first unicorn

Zepto raises $200 million in Series-E funding: Emerges as 2023’s first unicorn

US-based private markets investment firm StepStone Group has taken the lead in Zepto's Series-E fundraise.
Qatar’s sovereign wealth fund bet big on Reliance Retail; Here’s why?

Qatar’s sovereign wealth fund bet big on Reliance Retail; Here’s why?

Reliance Retail, led by Mukesh Ambani, is expected to get a $1 billion investment from Qatar’s $100 billion sovereign wealth fund.
Meta unveils Code Llama: An open-source AI Code generation system

Meta unveils Code Llama: An open-source AI Code generation system

Code Llama joins rapidly growing AI Coding tool arena, alongside GitHub Copilot and Amazon CodeWhisperer
Roark acquires Subway for $9.6 Bn; Is the Move Good or Bad?

Roark acquires Subway for $9.6 Bn; Is the Move Good or Bad?

Subway consistently reported positive returns but not at par with competitors, President left the company, company sold lower than the…
Nvidia’s Q2 earnings prove it’s the real winner in Generative AI Gold Rush

Nvidia’s Q2 earnings prove it’s the real winner in Generative AI Gold Rush

Nvidia Posts Record Earnings as Demand for Its AI Chips Skyrockets, Cementing Its Position as the Clear Winner in the…
PharmEasy valuation slashes, raises Rs. 3500 crores via rights issue

PharmEasy valuation slashes, raises Rs. 3500 crores via rights issue

New rights issues will shrink the e-pharmacy startup at $500-600 million from a record high of $5.6 billion in 2021.
India sees boom in global direct sales; Ranked 11th

India sees boom in global direct sales; Ranked 11th

India records highest global CAGR; Chairman of IDSA predicts India as top 5 soon.
iPhone 15 production begins in India, aim to reduce the gap between India and China

iPhone 15 production begins in India, aim to reduce the gap between India and China

A Foxconn Technology Group plant in Sriperumbudur is preparing to deliver the newest devices only weeks after they start shipping…
CBDT imposes new income tax rule on life insurance premiums above Rupees 5 lakhs

CBDT imposes new income tax rule on life insurance premiums above Rupees 5 lakhs

However, these provisions will not be applicable in cases of sums received upon an individual's demise.
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