WeWork India makes its 1st investment in Bengaluru-based Zoapi

Bengaluru (IANS) Flexible workspace provider WeWork India on Thursday made its first investment in the country, in Bengaluru-based conferencing and collaboration platform Zoapi for an undisclosed sum.

Cofounded by Prashanth NS and Chaitanya…

BYJU's consolidates India business, 5% workforce to be 'rationalised' across teams

New Delhi (IANS) Edtech major BYJU'S on Wednesday announced several measures to bolster its India business, saying that its K-10 business, which includes Toppr, Meritnation, TutorVista, Scholar, and HashLearn platforms, will now be consolidated…

Mixture of factors may shake India's sovereign ratings: S&P Global

Chennai (IANS) India is facing a mixture of factors that may shake its sovereign credit metrics and amid external turbulence, its foreign exchange reserves are falling, while the current account deficit is rising, said S&P Global Ratings on Wednesday.

Forthcoming budget to focus on growth, says Sitharaman

New Delhi (IANS) Finance Minister Nirmala Sitharaman has said that the Union Budget for 2023-24 would be 'carefully structured' where the focus would be on maintaining growth momentum.

Speaking at an event organised by the Brookings…

IMF expects inflation in India to come down to 4% range next year

United Nations (IANS) The International Monetary Fund (IMF) expects India's inflation rate to come down to the 4 per cent range in the next financial year with additional monetary tightening from being above the Reserve Bank's target of 6.9…

Financial performance of Indian airlines likely to remain under pressure

New Delhi (IANS) The financial performance of Indian airlines is likely to remain under pressure in the near term, even as recovery in domestic passenger traffic has been healthy, said Corporate Rating firm ICRA.

Elevated ATF prices will continue…

TCS posts Rs 10,431 cr PAT, to pay 2nd interim dividend of Rs 8

Chennai (IANS) Software major Tata Consultancy Services Ltd (TCS) closed the second quarter of FY23 with growth in its net profit and revenue.

The company board also announced a second interim dividend of Rs 8 per equity share of Re 1 each.

Companies go for 25 kg packs to avoid 5% GST on pre-packed food items

Noida (IANS) After the Centre imposed 5 per cent GST on unbranded labelled and pre-packaged food items weighing less than 25 kg in July, most of the companies are now packing their goods, in excess of 25 kg, in a single packet to be exempted from…

Capgemini acquires Quorsus to boost capital markets service offerings

London (IANS) Technology services major Capgemini on Monday acquired Quorsus, a UK-based firm specializing in consultancy services to financial institutions, for an undisclosed sum.

Headquartered in London, the team at Quorsus works across…

PMI Electro emerges as 2nd largest electric bus brand in India

New Delhi (IANS) With over 777 electric buses running across the country, PMI Electro Mobility, India's leading electric bus manufacturer and operator, on Friday announced that it is now the second largest electric bus brand in the country.