Ride-hailing giant Ola Cabs is preparing for an initial public offering (IPO) aiming to raise around ₹4,000 crore with a company valuation of approximately ₹40,000 crore, Reuters reported on Friday. Ola is founded by Bhavish Aggarwal, a prominent figure in India’s startup landscape. Backed by SoftBank, Ola intends to submitContinue Reading
Bengaluru, IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about ₹2834.6 crore, and cautioned that the macroeconomic environment remains “uncertain”. Wipro Q4 net profit falls 7.8% to ₹2,835 cr; new CEO flags uncertainty in macro environmentContinue Reading
In a big setback for Meta Platforms CEO Mark Zuckerberg, China has ordered Apple to remove its popular social media apps, WhatsApp and Threads from the App Store. Apple has reportedly complied with the Chinese government’s directive. This move has been interpreted as China looking to close loopholes still availableContinue Reading
Tesla CEO Elon Musk said that rockets should be sent to stars rather than at each other after reports of Israel strikes on the city of Isfehan in Iran as tensions escalated in the region. It was reported that Israel launched missile strikes against Tehran in the latest exchange betweenContinue Reading
Washington, Despite a challenging global scenario, India’s economy has shown robust growth over the past year backed by sustained consumption and investment demand, a top Indian official told members of a World Bank committee here. India a standout performer amidst sluggish global growth trends: India’s Economic Affairs Secretary tells WBContinue Reading
Bill Gates, the co-founder of Microsoft is one of the richest people in the world. Gates and his ex-wife Melinda French Gates own a lot of luxury properties in the USA. He has an estimated worth of around $152 billion. Bill Gates, co-chairman of the Bill and Melinda Gates Foundation,Continue Reading
Elon Musk, the CEO of Tesla, informed employees via internal email on Wednesday that the company sent out severance packages that were too low to a number of laid-off workers this week. Elon Musk arrives at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in LosContinue Reading
Cocoa climbed in New York as grindings data suggested demand for the chocolate ingredient is holding up even as a global crunch sent prices soaring to a record. Cocoa Climbs on Signs of Resilient Demand Despite Record Price Figures released Thursday showed that so-called grinds — where cocoa is turnedContinue Reading
The Carl Pei-led Nothing company has just launched two audio products in a crowded Indian markets. Dubbed as Nothing Ear and Nothing Ear (a), while one is a premium offering with all the bells and whistles that go along with it, the other is a more affordable version with featuresContinue Reading
For Jackie Rocca, who is vice president of product at Slack, a popular communication and collaboration tool, India holds a special place — the family ties to the country, and this being an important market for Salesforce, which acquired the platform in 2020 to the tune of a reported $27.7Continue Reading