The Enforcement Directorate has frozen over Rs 2 crore in bank deposits after conducting multi-state searches on an individual accused of converting approximately Rs 600 crore worth of cryptocurrency through various Indian exchanges. The accused, Chirag Tomar, had previously been…
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Overseas PE and venture capital funds, which are headquartered in New York, London and other leading financial centres, typically pool their money or form investment vehicles, as well as set up fund management entities in tax friendly jurisdictions like Singapore…
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New-age companies eyeing a trip to Dalal Street this year are wary of the recent stock market slump. In a shift from the optimism at the beginning of the year, investors and bankers told us that the IPO outlook has…
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Tata and Bharti groups are finalizing a merger of their DTH businesses, Tata Play and Airtel Digital TV, due to consumer shifts to digital platforms. The merger, structured through a share swap, will boost Airtel’s revenues and is to be…
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The Adani Group is set to invest over ₹1.1 lakh crore in projects spanning pumped storage, cement, mining, smart-meters, and thermal energy, creating over 1,20,000 jobs in Madhya Pradesh by 2030. Additionally, the group is discussing a further ₹1 lakh…
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Starbucks is set to lay off 1,100 corporate employees as CEO Brian Niccol aims to streamline operations for more efficiency. The layoffs follow Nicol’s focus on improving service times and reestablishing stores as community hubs. The company’s baristas and roasting…
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