Akash Joshi and Ankur Pathak ditched their corporate gigs to start IMAST in 2016, right in Indore. They’ve pulled in big names like Raymond and Ashok Leyland, and now IMAST is worth a whopping Rs 100 crore. They’re known for shaking things up in digital transformation and keeping clients happy, and they’re now setting their sights on going global.
Zepto, the speedy quick-commerce company, just upped its valuation to $5 billion thanks to an extra $340 million in funding. That's a huge 40% jump in just two months! This new cash injection, led by General Catalyst and backed by both new and old investors, shows Zepto's impressive growth and focus on ramping up its market presence and operations.
Nvidia Corp.'s Q2 earnings report became the main event at US pubs, with bars swapping out their usual sports broadcasts for 'Earnings Watch Parties'. Instead of watching game replays, people were glued to stock tickers and candlestick charts, following Nvidia's financial performance closely. One viral social media post even showed fans totally engrossed in the earnings call.
SpiceJet's flights from Dubai hit another snag on August 29 because of payment issues. Multiple flights had to turn back to India empty since the airline couldn't pay for parking. This is just another chapter in SpiceJet’s ongoing saga of financial troubles and operational problems. They’ve had a rough month with various disruptions, delayed employee wages, and even a recent court ruling that's affected their operations.
Mukesh Ambani just dropped some big news at Reliance’s AGM: they’re building a massive electrolyser manufacturing plant that’ll be up and running by 2026. Plus, he unveiled JioBrain, a new AI-powered initiative to boost efficiency and service at Jio by weaving Generative AI into everything they do.
Reliance Industries' shares went up by 3% after the company said they're considering a 1:1 bonus issue on September 5. The stock reached Rs 3,074.80 on the BSE, marking an 18% increase for the year. This news came right before the company's 47th AGM.
Delhi court just turned down the CEO of Rau’s IAS Study Circle’s request to reopen the coaching center where three students tragically drowned in July. The court mentioned issues like misuse of the building, no fire safety certificates, and doubts about the students' complaints. But don’t worry, students can still attend classes at other locations so their studies won’t be interrupted.
So, there's been a huge mess at the Hyderabad SBI branch with a Rs 175 crore fraud. It turns out the branch manager and some of his pals were involved. They opened accounts for cybercriminals, helped move around a lot of cash, and sent it off to places like Dubai. Two main suspects are in custody now, and everyone’s being warned to watch out for dodgy banking stuff.
Key Points Finance Minister Nirmala Sitharaman has made it clear that the new Unified Pension Scheme (UPS) isn't just a rollback of the National Pension System (NPS), but a whole new thing. The UPS will give a pension that's 50% of an employee's average basic pay from the last year before they retire, as long as they've…
Dinesh Khara Wraps Up His Time as SBI Chairman and SBI Cards Director Key Points Dinesh Khara has retired as chairman of the State Bank of India (SBI) and as director of SBI Cards & Payment Services Ltd. Khara said thanks to his team and everyone who supported him in his resignation letter. CS Setty is taking…