business

High-Stakes Drama at OpenAI: Another Top Executive Departs, Leaked Documents Expose Controversial Exit Policies

OpenAI, a frontrunner in artificial intelligence (AI), is currently in hot waters. Following the resignations of two senior executives from the AI startup, another key figure, policy researcher Gretchen Krueger, announced her departure on the X platform. However, Krueger...

OYO IPO Cancelled, Again: Valuation Crash Forces to Seek Private Funding

OYO is not going public anytime soon! Oravel Stays, the parent company of OYO Hotels and Homes, has withdrawn its draft IPO prospectus filed with the Securities and Exchange Board of India (SEBI) for the second time, raising questions...

Amazon Makes Historic Bet on AI: $4 Billion Fuels Anthropic’s Generative Engine

AI investments have skyrocketed in the last three years, with tech giants placing their bets on the transformative power of generative artificial intelligence (AI). The most recent milestone in this trend is Amazon's $4 billion investment in Anthropic. With...

Reliance Industries Expands Media Empire: Acquires More Stakes in Viacom 18

Reliance Industries continues its expansion strategy by acquiring Paramount Global's entire 13.01% stake in Viacom 18 Media Private Limited. The deal, valued at approximately Rs. 4,286 crore (~$517 million), has been officially disclosed through a regulatory filing. It is...

Byju’s May Have to Shutter All Major Offices Across India: Defaults on Rent, Receives Multiple Legal Notices

Byju's has been grappling with a financial storm for quite some time, prompting it to take significant measures to weather the challenges. In the latest move, the edtech firm has downsized its office space in Bengaluru as part of...

Reliance Makes Another Move To Dominate the Indian OTT Landscape

Reliance Industries Limited, led by the ambitious Mukesh Ambani, is leaving no stone unturned to dominate India's entertainment space, encompassing both Over-the-Top (OTT) and Television distribution domains. In the latest development, Reliance is reportedly in discussions to acquire Disney's...

Most Valued Indian Companies 2023: Policy Bazaar and Zomato Take the Crown as Fastest-Growing Listed Unicorns

The Indian corporate sector has undergone a dynamic transformation in recent years, with established industry leaders maintaining their dominance while innovative newcomers leave their mark. The latest Burgundy Private Hurun India 500 list presents an interesting data-driven perspective on...

Swiggy’s Rs 10 Platform Fee Experiment: A Bite Out of Budget-Friendly Customers in India?

Swiggy will soon introduce a platform fee of Rs 10, a jaw-dropping increase of over 3X from the current Rs 3 levied on most customers in India. The online food and grocery delivery firm has already begun teasing this...

Sony Zee Merger Called Off: Zee Refutes Sony’s Allegations, $90 Million Termination Fee Charges, Explores Legal Options!

Zee Entertainment has officially declared its intention to pursue legal action against Sony Group. This strategic move comes in response to Sony's unexpected termination of their planned merger, which was set to establish India's largest broadcasting entity. Sony Group...

Global Tech Layoffs 2024: Nearly 8,000 in Just 15 Days, India Accounted for 16% of the Total

The global tech industry is grappling with a formidable challenge as unemployment shows no sign of abating. In 2023, a staggering 1,186 tech companies worldwide bid farewell to 262,582 employees. Surprisingly, in just 15 days of the New Year...
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Paytm’s Insurance U-Turn: From License Pursuit to Distribution Only

Paytm, India's fintech giant facing financial headwinds, has announced a strategic shift in its insurance business. In a bid...
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