StartupSuccess Story

The Top-Popping History of Pringles: From Concept to Snack Sensation

Potato chips are ubiquitous, but Pringles stand out with their unique shape, crispiness, and consistent flavor. The journey of Pringles, however, is anything but ordinary. In 1939, potato chips faced production halts due to the war. When they returned, they quickly gained popularity, but a major complaint was their greasiness and the prevalence of broken chips. In 1956, Procter & Gamble (P&G) set…
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BusinessNews

Wally Amos, Founder of Famous Amos Cookies, Dies at 88

Wally Amos, the iconic founder of Famous Amos cookies, has passed away at the age of 88 due to complications from dementia, according to a statement released by his children, Sarah, Michael, Gregory, and Shawn Amos. Amos, renowned for his distinctive Panama hat, kazoo, and infectious optimism, opened his bakery in 1975 on Sunset Boulevard in Los Angeles, introducing bite-sized chocolate chip…
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BusinessNews

Swiggy Expands Service Fee Policy to Non-Metro Restaurants, Raising Commissions

Swiggy, the leading food-tech giant preparing for its IPO, has announced an extension of its service fee policy to include the gross order value for restaurants in non-metro areas. This policy adjustment, reported by The Economic Times, will increase the commission charges for its restaurant partners in smaller towns and cities. Historically, service fees for restaurants outside major urban…
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BusinessNews

Cognizant Grants Minimal Salary Hikes Amid Controversy Over Low Pay for New Hires

Cognizant Technology Solutions has come under scrutiny after implementing annual salary increases as low as 1% for some employees. According to a report by The Economic Times, the company has granted raises ranging from 1% to 5% following a four-month delay. The increment details vary based on employee performance ratings. Those rated with a performance score of three received salary increases…
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BusinessNewsStartup

Cisco’s Stock Jumps After Earnings Beat Expectations and Announcement of Additional Layoffs

Cisco Systems (CSCO) has announced it will cut about 7% of its workforce as part of its strategic shift towards high-growth sectors such as cybersecurity and artificial intelligence (AI). This decision follows a previous reduction of 5% in February, affecting around 4,250 employees. In its fiscal fourth-quarter report, Cisco reported revenue of $13.6 billion, marking a 10% decrease year-over-year…
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NewsStartupSuccess Story

“Sachin Tendulkar to Launch Sports Athleisure Brand with Ex-Swiggy Executives”

Sachin Tendulkar is stepping off the cricket field and into the business world with a new venture in sports athleisure. The legendary cricketer is teaming up with Karthik Gurumurthy, former chief of Swiggy Instamart, and Karan Arora, another ex-Swiggy executive, to launch a new sportswear brand. The startup, backed by a holding company and incubated by early-stage venture fund Whiteboard Capital…
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BusinessNews

DOMS Industries Shares Surge 220% Since Debut, Analysts Predict Continued Growth

Shares of DOMS Industries have experienced a meteoric rise since their market debut just eight months ago. The stock recently reached a record high of Rs 2,545.60 on Tuesday, although it traded slightly lower at Rs 2,300 on Wednesday. This surge has elevated the company’s market capitalization to approximately Rs 14,000 crore, a testament to its robust performance and the strong investor…
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BusinessNews

Marksans Pharma Stock Soars 16% to New High Following Robust Q1 Earnings

Shares of Marksans Pharma surged 16% to a record high of ₹217 in Wednesday’s trading on the BSE, driven by impressive financial results for the June 2024 quarter (Q1FY25). The stock hit an intra-day peak at ₹217 and was trading at ₹216.35, up 15% at 01:49 pm, outperforming the BSE Sensex, which rose just 0.24%. Strong Q1 Performance Marksans Pharma’s stock rallied following the…
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StartupSuccess Story

Meet the Indian Billionaire with the World’s Most Expensive Yacht: Lakshmi Mittal

While Mukesh and Anil Ambani are often in the spotlight for their massive fortunes, it’s Lakshmi Mittal who now holds the title for owning the world’s most expensive yacht, valued at over ₹1,000 crore. Mittal, with a net worth of approximately ₹1.35 lakh crore, surpasses the Ambanis in yacht ownership. Lakshmi Mittal’s Wealth and Achievements As of April 2, 2024, Forbes estimates Lakshmi…
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NewsStartup

Sachin Tendulkar Ventures into Athleisure Market with Affordable Brand

Legendary cricketer Sachin Tendulkar is stepping into the world of entrepreneurship with a new sports athleisure brand, SRT10 Athleisure Pvt Ltd. Launched in collaboration with former Swiggy executives Karthik Gurumurthy and Karan Arora, the brand aims to offer high-quality athleisure at competitive prices. New Venture Details The startup, incubated by early-stage venture fund Whiteboard Capital…
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