tech giant
India Cements Promoter N Srinivasan Steps Down as UltraTech Completes Acquisition
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements Ltd (ICL), representing 32.72 per cent of the equity share capital of the company.
UltraTech Cement Adjusts Acquisition Plan, Targets 25% Stake in RAKWCT
The company will acquire 12.50 crore shares of RAKWCT, which is lower than the proposed 15.80 crore shares in an earlier offer. A filing on Tuesday confirmed about the transaction by UltraTech Cement Middle East Investments Ltd (UCMEIL), its wholly owned subsidiary in UAE.
IPO-Bound FirstCry Reports Surge in Losses to Rs 486 Crore in FY23, Revenue Hits Rs 5,632 Crore
However, amidst this impressive revenue surge, FirstCry faced mounting losses, which skyrocketed over sixfold from Rs 79 crore in FY22 to Rs 486 crore in FY23.
Nothing's India Head Manu Sharma Steps Down, Company Wishes 'Best of Luck'
While Nothing mentioned Sharma's departure due to personal reasons, they praised his significant role in building the brand in India and extended best wishes for his future endeavors.
Microsoft Names Aparna Gupta as Global Delivery Centre Leader
Gupta’s role as GDC leader will involve spearheading customer innovation, ensuring delivery excellence, driving cloud growth through top-tier talent acquisition, nurturing industry depth, and fostering a robust partner ecosystem.
Only Seven Women-Led Startups in India Secured Funding This Year
This year, the funding scenario for women-led startups has seen a dramatic decrease, from 183 startups funded in 2014 to only 7 up to the present.
Uber Records 11% Sales Growth, Reaching $9.3 Billion in Q3 with 27 Million Daily Trips
Gross bookings experienced a significant 21% year-over-year growth, reaching $35.3 billion.
Dunzo Reports Loss of Rs 1,800 Crore and Revenue of Rs 226 Crore in FY23
A significant portion of Dunzo's operating revenue, approximately 62%, came from the sale of traded products, amounting to Rs 141 crore in FY23.
Female CEOs fail after taking control of problem-hit companies: Study
It may support the idea that female leaders are subject to a “glass cliff” where they are set up to fail, media reports said.
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