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Oyo to layoff 600 execs across technology teams, hire 250 for sales

TMT

03 December, 2022

Oyo to layoff 600 execs across technology teams, hire 250 for sales

Oyo plans to lay off 600 executives across its technology and product teams as it shuts down projects and merges ......

US firm Perfect Day to invest in Sterling Biotech under bankruptcy; to invest 1.5x more

Consumer

01 December, 2022

US firm Perfect Day to invest in Sterling Biotech under bankruptcy; to invest 1.5x more

Perfect Day, a US-based food technology startup that acquired Gujarat-based Sterling Biotech through the liquidation process under the bankruptcy process, ......

Alibaba sells 3% stake in Zomato

Consumer

01 December, 2022

Alibaba sells 3% stake in Zomato

Alipay Singapore, an arm of Alibaba Group Holding Ltd, sold 3.07% stake in online food delivery giant Zomato for ₹1,631 ......

Temasek buys stake in Zomato, Alibaba sells

Consumer

01 December, 2022

Temasek buys stake in Zomato, Alibaba sells

Singapore state-owned investment company Temasek through its wholly-owned subsidiary Camas Investments Pte has picked-up stake in Zomato on Wednesday, November ......

Byju's tops list of largest companies funded by VC, PE companies

TMT

01 December, 2022

Byju's tops list of largest companies funded by VC, PE companies

Edtech major Byju's, with value of ₹47,680 crore, has topped the list of most valuable companies that attracted Private equity ......

Online marketplaces' GMV to hit $350 bn by 2027: Report

Consumer

01 December, 2022

Online marketplaces' GMV to hit $350 bn by 2027: Report

India’s online marketplaces will record a combined gross merchandise value (GMV) of over $350 billion by 2027, a joint report ......

Tata in talks to acquire Wistron's India unit: Report

TMT

30 November, 2022

Tata in talks to acquire Wistron's India unit: Report

Tata Group is in discussions with Taipei's Wistron Corp, one of Apple Inc's top vendors in India, to buy its ......

Biocon concludes Viatris' $3 bn acquisition

Healthcare

30 November, 2022

Biocon concludes Viatris' $3 bn acquisition

Biosimilars manufacturing arm of Biocon Ltd, Biocon Biologics, on Tuesday announced completion of acquisition of Viatris' global biosimilars business for ......

Tatas and Singapore Air to merge Air India and Vistara

Consumer

29 November, 2022

Tatas and Singapore Air to merge Air India and Vistara

Singapore Airlines and Tata Sons (Tata) will merge national carrier Air India and full-service airline Vistara by March 2024, SIA ......

'India will see significant economic activity over next decade'

People

29 November, 2022

'India will see significant economic activity over next decade'

Tech industry veteran Nandan Nilekani on Tuesday said India will witness "significant economic activity" over the next 10 years on ......