Bizz

UAE-based entrepreneur Murari Lal Jalan and UK-based asset management firm Kalrock infused Rs 100 crore into financially crippled Jet Airways as part of the process to take over the airline.

The National Payments Corporation of India (NPCI), on Friday, took to X (formerly Twitter) to break the news, saying, "It's 10 billion+ transactions in August 23! Make seamless payments from your mobile in real-time with UPI."

Subway is selling itself to private equity firm Roark Capital after nearly 60 years of family ownership. The very private owners and heirs of the American fast food chain are about to feast on a footlong fortune coming their way all in cash.

Zomato, the perpetually loss-making company, has made its first-ever net profit for the April-June quarter. Zomato recorded a net profit of Rs 2 crore after tax for the quarter ending in June 2023, compared to a loss of Rs 186 crore in the year before.

If all goes as planned, Indians may soon have the opportunity to purchase Tesla electric vehicles manufactured within the country. Elon Musk's renowned EV company, Tesla, is reportedly engaging in discussions with the Indian government to establish a factory for the production of EV cars in India.

According to a recent report by Goldman Sachs, an American multinational investment bank, India is poised to overtake not only Japan and Germany but also the United States and become the world's second-largest economy by 2075.

The joint venture between Taiwan's Foxconn and India's Vedanta was supposed to usher in a new era of "Made in India" technology manufacturing, with the country's first chipmaking plant. However, just a year after the announcements were made, Foxconn abandoned the $19.5 billion semiconductor JV.

Elon Musk's financial woes at Twitter are refusing to end. After trying to save pennies by denying payments to former employees, vendors, landlords, and others, Musk is looking to recoup legal fees paid to top law firm Wachtell, Lipton, Rosen & Katz, which had forced him to close the Twitter takeover deal.

From having the 'CEO of Doglapan' as a judge on the debut season to facing allegations of only funding profitable start-ups, the judging panel of Shark Tank India has been swimming in troubled waters. However, now Shaadi.com founder, tech investor and one of the memeable Shark Tank India judges, Anupam Mittal, has broken his silence.

Despite an earlier email from Byju Raveendran, co-founder and CEO of Byju's, assuring employees that there would be no further layoffs, the company proceeded with the latest round of workforce reductions. The current layoffs are a result of Byju's financial disputes with US lenders and its failure to make a $40 million interest payment on a loan.