In a move that astonished many, Jyoti Bansal, the founder of AppDynamics, sold his company to Cisco in 2017 for an impressive $3.7 billion. While this transaction turned 400 of his employees into millionaires, it was not a decision Bansal was entirely thrilled about. He described it as a bittersweet moment, marking both his greatest financial success and a deep personal regret.
AppDynamics…
In a bold move to enhance its digital entertainment footprint, JioCinema has appointed Ishan Chatterjee, the former head of YouTube India, as its new Chief Business Officer (CBO). This decision marks a strategic push by JioCinema to dominate India’s competitive OTT market, especially in the fields of sports and entertainment.
A Major Appointment in the OTT Space
Chatterjee’s new role…
Apple has intensified its commitment to India with two major announcements: the launch of its “Made in India” iPhone 16 Pro and Pro Max, and plans to open four additional retail stores across key cities in the country. These stores will join Apple’s two existing outlets in Delhi and Mumbai, further expanding the tech giant’s retail footprint in India.
India’s Role in…
OpenAI, one of the most influential names in artificial intelligence, recently concluded a monumental $6.6 billion funding round. This influx of capital has propelled the company’s valuation to an astounding $157 billion, positioning it among the top-tier private companies globally. The key players in this financial surge include tech giants Microsoft and Nvidia, alongside Thrive Capital…
Starting October 1, 2024, Indian stock exchanges like the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have revised their transaction charges, following new regulations from the Securities and Exchange Board of India (SEBI). These changes aim to simplify fee structures and ensure a uniform approach across trading segments, impacting brokers and traders alike.
Key Fee Changes in…
In a recent wave of crypto scams, scammers have been exploiting the rising popularity of memecoins by leveraging “trending” lists to lure unsuspecting investors into a trap. According to reports from leading blockchain security firms, this method has led to significant financial losses for retail investors, with some even losing their entire crypto holdings.
The Rise of Memecoin…
India’s fiscal deficit for April-August 2024 stood at ₹4.35 trillion, representing 27% of the full-year target. This figure is significantly lower than the corresponding period in 2023, when the fiscal deficit had reached ₹6.43 trillion, or 36% of the annual target. The reduction is attributed to higher tax receipts, a generous dividend payout from the Reserve Bank of India (RBI), and lower…
The festive season in India has become a significant battleground for e-commerce giants like Amazon, Flipkart, and Meesho. As competition heats up, these companies are deploying innovative strategies to ensure smooth operations and maximize sales. From establishing ‘war rooms’ to creating a celebratory atmosphere with music parties, these firms are pulling out all the stops.
War Rooms: The…
Akriti Chopra, co-founder and Chief People Officer (CPO) of Zomato, has resigned from the food-tech company after a 13-year journey. Zomato made the announcement via a regulatory filing, with Chopra’s resignation taking effect on September 27, 2024. She was instrumental in shaping the company, especially in its early days, and played a key role in Zomato’s legal and finance functions…
In a dramatic turn of events surrounding the ticketing industry, Zomato Live and BookMyShow have taken decisive legal steps against unauthorized platforms, sparking a major debate on concert ticket reselling. Both companies are on the front lines after concert tickets for Coldplay and Diljit Dosanjh’s shows were found being sold at exorbitant prices on resale platforms like Viagogo. This comes…
