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According to global IT services firm Accenture, 67 percent of Indians are seeing no improvement or even an increase in the time and effort required to make a purchase decision.“Consumer-facing companies will need to rethink how products and services are branded and marketed, making it easier...

New Delhi: Olive, the hospitality management startup promoted by realty firm Embassy Group, reported 76 per cent growth in revenue to Rs 51 crore during the last financial year due to growing demand for short-term and long-term accommodation facilities.Currently, Olive has 55 co-living centers...

The fintech sector led the overall startup funding. Digital lending platform Fibe secured $90 million ($65.5 million in primary capital and the rest through a secondary transaction) led by TR Capital, Trifecta Capital and Amara Partners.Akshay Mehrotra, co-founder and CEO of Fibe, said that...

HSBC has given zero value to investment company Prosus's approximately 10 per cent stake (or about $500 million) in Byju's."We value Byju's stake at zero amid multiple legal matters and funding crisis," HSBC notes.“Earlier, we had valued the stake in Byju at approximately 10 per cent by...

MUMBAI: A construction firm owner and some others were booked on Thursday after a digital advertisement board fell on a 62-year-old man in north Mumbai's Malad area, officials said.The incident occurred around 8 pm on Wednesday when the man and his son went to Liberty Garden, a Malad police...

Mumbai: Total deal activity declined 3 per cent to USD 5.023 billion in May compared to USD 5.192 billion in the previous month of April, a report said on Thursday.Mergers and acquisitions fell 58 per cent to US$1.05 billion during the month compared to US$2.526 billion in April, while the...

The Technology Development Board (TDB) under the Department of Science and Technology (DST) provided assistance to the firm in the national capital on May 27.TDB Secretary Rajesh Kumar Pathak said, "We are dedicated to enhancing indigenous capabilities and supporting innovative projects that...

New Delhi: Ai Finance, a fintech firm that mainly provides unsecured small-ticket business loans to micro enterprises, on Thursday said its net profit nearly tripled to Rs 161 crore in fiscal 2023-24.Its profit after tax in the year-ago period was Rs 57 crore.The company's revenue increased...

Mumbai, Electric mobility firm EKA Mobility on Thursday announced the appointment of Vijaykumar Yelne as the company's president.Additionally, Murali Raju has been brought in as chief commercial officer (CCO) while Zoeb Karampurwala has been brought in as chief product officer (CPO), the...

The global brokerage firm said in a note that fundamentals are more important than narrative and "we continue to favor private banks over PSUs".The Bank Nifty index saw a sharp recovery from its 200-day moving average, closing above its rising trend line on Wednesday.In the last two days...

Sri Lanka Cricket (SLC) on Wednesday said a Los Angeles-based civil engineering consultancy firm will be the new owner of the Dambulla Lanka Premier League Dambulla franchise, which has been named 'Dambulla Sixers'.Previously, the team was known as Dambulla Thunders and was owned by a British...

According to US-based IT firm Veeam, one of these three organizations that paid the ransom could not recover even after the payment.Furthermore, for the third consecutive year, more organizations 'paid, but could not recover' than those that could 'recover without payment'.“Ransomware is...

New Delhi: Ratings firm CreditSites on Monday said it expects Tata Steel's credit metrics to improve in the current financial year on factors such as infrastructure-led domestic steel demand and lower coking coal prices.Tata Steel last week reported a 64.59 per cent decline in consolidated net...

New Delhi: Startup firm World of Circular Economy (WOCE) on Monday said it has launched 'esgpro.ai', an AI-powered platform to help domestic and foreign companies in environmental, social and governance compliance and reporting.The company said it is a game-changer for businesses looking to...

New Delhi: Realty firm Paras Buildtech will invest around Rs 500 crore to develop a luxury housing project in Gurugram as part of its expansion plan amid strong demand.The company said in a statement on Monday that it has launched a super-luxury project, "The Manor", in Gwal Pahari, Gurugram...

New Delhi, Edtech firm BYJU'S has processed the May salaries of employees from the business collections of the month, sources close to the company said on Monday.Last year, the founders of the edtech firm had to mortgage their house to raise a loan to pay staff salaries.A source said, "The...

New Delhi, B2B edtech firm ClassPlus expects its turnover to grow by 65 per cent to over Rs 250 crore in fiscal 2024, a senior company official said.The Tiger Global and Peak XV Partners (formerly Sequoia Capital)-backed firm claims to be on the verge of profitability and continue to sustain...

The High Court will hear the petition on Monday.Kuzhaladan had approached the vigilance court and sought a probe by the vigilance and anti-corruption department into allegations that Veena Vijayan's IT firm was receiving monthly payments from Kochi-based mining firm, Cochin Minerals and...

Bengaluru, Realty firm Purvankara Ltd on Saturday said it has acquired 12.75 acres of land in the Mumbai Metropolitan Region (MMR) to develop a residential project with an estimated revenue potential of Rs 4,000 crore.In a regulatory filing, the company informed about the acquisition of land...

New Delhi, Insurance intermediary firm ACESO has launched ALIP solution designed for LIC policyholders who surrender the policy or experience a default.ALIP LI offers key features designed to provide maximum value and benefits to policyholders, the company said in a statement.It said...