Business

X, formerly known as Twitter, has seen its value decline significantly, falling to $19 billion, which is less than half of the $44 billion Elon Musk paid for the platform just a year ago. The drop in value is attributed to a range of factors, including changes in content rules, layoffs, and declining advertising revenue. […]

Tata Motors Ltd has emerged victorious in an arbitration case against the West Bengal Industrial Development Corp. Ltd (WBIDC), the state’s industrial development agency, and is set to receive a compensation of ₹766 crore. This marks the resolution of a long-standing dispute related to the Singur plant, which was shuttered in 2008 due to protests […]

Ashwini Vaishnaw, India’s Union Telecom Minister, has expressed the government’s commitment to ensuring that India’s telecommunications services remain the most affordable globally. This declaration comes as the telecom sector grapples with the challenge of monetizing 5G services since their launch last year, as noted by the Cellular Operators Association of India, a telecom industry body. […]

In a significant turn of events, Ajay Goel, the Chief Financial Officer (CFO) of Byju’s, one of India’s leading ed-tech companies, has resigned from his position. He is set to return to Vedanta, a globally renowned metals and mining company, where he had previously worked but departed in April. Ajay Goel’s return to Vedanta comes […]

The launch of Vande Bharat trains, a pride of Indian railways, has resulted in a significant drop of 20%-30% in airfares. This data, a game-changer in the travel industry, is inspiring the railways to enhance their services and revenue generation from non-fare sources. For the first time, Indian railways are tracking the demand for Vande […]

In a move signaling a significant expansion, Air India has set a remarkable plan into motion. The iconic Indian airline will be adding a new aircraft to its fleet nearly every week for a year. This bold move comes as part of the company’s larger strategy to modernize and enhance its services, promising a host […]

WHILL, a renowned Japanese personal mobility solutions provider, has unveiled its grand entry into the Indian market. This expansion comes through a strategic partnership with eBikeGo, a dynamic electric mobility startup, marking an exciting development in the world of mobility. EBikeGo proudly announced the signing of an initial agreement between the two companies, solidifying their […]

In the fast-paced world of the Indian stock market, this October week is buzzing with anticipation as new listings and initial public offerings (IPOs) are set to grab the spotlight. Let’s take a look at the IPOs to watch out for in the coming days. Arvind And Company Shipping SME IPO Kicking off the week, […]

Delta Corp, the renowned casino operator, witnessed a significant boost in its share price, soaring over 4% on Thursday after the company unveiled its second-quarter results for the period ending September 2023. Delta Corp shares surged by as much as 4.16%, reaching ₹148.95 per share on the Bombay Stock Exchange (BSE). In its recent financial […]

In a surprising turn of events within the Indian media and entertainment industry, The Walt Disney Company, the Adani Group led by Gautam Adani, and the Sun TV Group have revealed their intentions to sell off their India-based assets. This move has sent shockwaves through the business world, sparking speculation about the future landscape of […]

In a notable affirmation of India’s emerging status as an enticing investment hub, Mark Wiseman, JPMorgan’s Head of Mergers and Acquisitions (M&A), has recently projected a potential influx of up to $150 billion in investment funds targeted at India. This estimate underlines India’s growing allure for global investors and the positive outlook for its economic […]

In the fast-paced world of technology and connectivity, few names resonate as powerfully as Mukesh Ambani’s Reliance Jio. With its disruptive entry into the Indian telecommunications market a few years ago, Reliance Jio revolutionized the way we connect, communicate, and access the internet. Now, as the company gears up to take its influence beyond telecommunications, […]

In a significant milestone, Gautam Adani’s conglomerate has reported a remarkable 42% year-on-year surge in pre-tax profits. The surge can be attributed to the impressive growth across various sectors within the group, encompassing domains ranging from airports and power to sea ports. This encouraging development was unveiled by the group on Wednesday. An unprecedented achievement […]

MUMBAI: As the lunar landing of India’s Chandrayaan-3 spacecraft approaches, the country’s space sector companies are experiencing a substantial rally, promising to further propel the nation’s space program. Thirteen companies, contributing equipment spanning from electronic components to metal gears integral for rocket communication and navigation, have collectively witnessed a market value surge exceeding $2.5 billion […]

In an unexpected turn of events, the founder of FirstCry, a prominent online retailer specializing in baby products in India, is currently facing investigation due to suspicions of evading taxes amounting to a substantial $50 million. This development has sent ripples through the e-commerce industry, which has been experiencing rapid growth in recent times. Allegations […]

A seismic shift is rumbling in the realm of Indian telecommunications, and it’s Jio that’s orchestrating this transformation. This giant of the industry is poised to harness the potential of 5G in a move that could shake up the entire landscape. With whispers of Jio’s ingenious plan to monetize 5G capabilities, let’s dive into the […]

In a significant stride towards bolstering India’s position in the global electronics manufacturing sector, Foxconn, a key supplier to Apple, has officially commenced production of the much-anticipated iPhone 15 within the country. This milestone marks a substantial expansion of Foxconn’s manufacturing operations in India and underscores the nation’s increasing influence in the global tech manufacturing […]

In a move to safeguard domestic food security, India recently took the decision to ban the export of non-basmati rice, a staple grain that plays a crucial role in the country’s culinary landscape. As this development unfolds, videos of hoarding non-basmati rice have surfaced from the United States, raising concerns about potential supply shortages and […]

The era of “spending for the sake of spending” is officially over. As we settle into 2022, the global market is sending a clear message: every dollar must prove its worth. For too long, brands were satisfied with being everywhere at once. Now, visibility without value is a liability. At Vertoz, we’ve seen this shift […]