Hearth Ventures launches India’s First Venture Fund for Creative, Cultural and Circular Economy Enterprises
The fund invests in new age entrepreneurs leveraging India’s artisanal diversity for global markets, revitalising rural off-farm livelihoods and regenerative consumption 13 July 2023, New Delhi: Hearth Ventures, announces the launch of India’s ground-breaking venture capital fund exclusively designed to empower and uplift
Infosys collaborates with Danske Bank to digitally transform core operations
In a move that highlights the growing importance of digitization in the banking sector, Infosys has inked a major deal worth USD 454 million with Danske Bank. As part of the agreement, Infosys will work closely with Danske Bank to revamp and modernize
BYJU’S Faces Litigation from US Lenders Over Contract Dispute, Pushes Back Against Unreasonable Terms
BYJU’S, the education technology giant, is pushing back against its US lenders of Term Loan B (TLB) due to their “unrealistic and unacceptable terms.” The lenders have resorted to litigation to pressure BYJU’S into significantly changing the contract, which was previously agreed upon
FADA Urges Immediate Reduction in GST Rate on Two-Wheelers to Revive Industry
The Federation of Automobile Dealers Associations (FADA) has submitted a critical representation to the Goods and Services Tax (GST) Council, urging a reduction in the GST rate on two-wheelers from 28% to 18%. FADA emphasizes that this intervention is crucial to make two-wheelers
Indian QSR Operators Devyani International and Jubilant Foodworks Face Profit Decline Amidst Rising Ingredient Costs and Weakened Consumer Sentiment
Indian QSR operators, Devyani International and Jubilant Foodworks, have reported a decline in net profit in the fourth quarter due to increased input costs. The prices of key ingredients like cheese and flour, used in pizzas and burgers, rose by 40% and 21%
IndiGo Reports Second Consecutive Profitable Quarter with ₹919 Crore Net Profit, Misses Analyst Expectations
IndiGo, operated by InterGlobe Aviation, achieved a net profit of ₹919 crore in Q4, marking the airline’s second consecutive profitable quarter. This is a significant turnaround from the ₹1,682 crore loss reported in the same period last year. However, despite the positive performance,
ITC Ltd Reports Strong Q4 Performance with 22.66% Increase in Net Profit; FY23 Net Profit Surpasses FY22 Figures
ITC Ltd, a diversified entity, has reported a 22.66% increase in consolidated net profit for the fourth quarter ended March 2023. The net profit rose to Rs 5,225.02 crore compared to Rs 4,259.68 crore in the same period last year, according to the
Amazon to Raise Seller Fees and Commission Charges, and Increase Product Return Fees
Starting from May 31, shopping on Amazon, the popular e-commerce website, is expected to become more expensive. According to a report by Economic Times, the company will be revising its seller fees and commission charges. In addition, fees for handling product returns will