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…
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…
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…
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…
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…
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…
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…
Intel has divested its 1.18 million-share stake in British chip designer Arm Holdings, according to a regulatory filing revealed on Tuesday. The sale, completed in the second quarter, is estimated to have netted Intel approximately $146.7 million, based on Arm’s average stock price during that period.
Strategic Shift and Cost-Cutting Measures
The divestment aligns with Intel’s broader strategy…
Rakesh Jhunjhunwala, often hailed as India’s Warren Buffett, passed away on August 14, 2022. His remarkable investment journey—from a modest ₹5,000 in 1985 to an impressive ₹35,000 crore by 2022—continues to inspire investors today. Known for his astute investment strategies and long-term vision, Jhunjhunwala’s legacy offers valuable lessons for both seasoned and novice investors. As…
Apollo Hospitals Enterprise Limited (AHEL) has announced plans to invest approximately Rs 3,000 crore over the next three years, fueled by a recent strategic partnership with private equity firm Advent International. The deal is expected to significantly bolster Apollo HealthCo, a wholly-owned subsidiary of AHEL.
Under the agreement, Advent International will invest Rs 2,475 crore into Apollo…
