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Business

Swiggy IPO makes 500 employees 'crorepatis'; unlocks Rs 9,000 cr worth of ESOPs

New Delhi: Swiggy's much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the "crorepati" club, with the food delivery and quick commerce major's listing poised to unlock Rs 9,000 crore in ESOPs for 5,000 staffers, people aware of the details said.

 


Elon Musk's Starlink has to comply with all rules for licence in India: Scindia

Elon Musk-owned Starlink will have to comply with all norms to get licence for services in India, Union telecom minister Jyotiraditya Scindia said on Tuesday.

 


LATEST HEADLINES

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis


LoP Ashoka targets CM govt over corruption, says being 'shameless' in public life not forgivable


SIR in Gujarat: More than 17 lakh deceased voters found on electoral rolls


Russian President Putin says India, Russia collaboration not directed against anyone


SIT formed to probe second sexual assault case against expelled Cong MLA Mamkootathil


49 Indigo flights likely to be cancelled from Hyderabad


RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper


ED attaches fresh assets in PMLA case against Reliance Group; total attachment over Rs 10K cr


Man dies by suicide after jumping in front of metro train in Bengaluru


Red sandalwood worth Rs 1.75 cr seized, five held


Russia's Rosatom delivers nuclear fuel to Kudankulam plant


PM Modi presents copy of Gita in Russian to Putin




Nestle, PepsiCo, Unilever sell less healthy products in India: Report

A recent report reveals that major food and beverage companies, including Nestle, PepsiCo, and Unilever, are selling less healthy products in low income countries such as India.

Apple sets record revenue in India, iPad sales soar in September quarter

Tech giant Apple has achieved an all-time revenue record in India, marking a double-digit growth in iPad sales during the September 2024 quarter, as reported by senior company officials. The company's total net sales globally grew by over 6% to $94.93 billion, up from $89.49 billion in the same period last year.

Johnson & Johnson’s $8.2 billion talc bankruptcy deal faces legal challenges in January trial

Johnson & Johnson’s attempt to resolve thousands of lawsuits over claims that its talc-based baby powder causes cancer now rests on a high-stakes trial set for January 2024. The case will determine whether the company’s $8.2 billion settlement plan, which J&J hopes will fast-track resolution through bankruptcy, will be approved by the court.

 

Bengaluru's unique Ad campaign by TILT cosmetics surprises locals

 A striking advertising campaign by Bengaluru-based TILT Cosmetics has captured the attention of city residents. Posters featuring the provocative message, "Rakesh, I know you are cheating on me with Shreya," were spotted across various locations, complete with a QR code and a warning stating, "I have the proof! The pictures don't lie."

Prabhakar Raghavan appointed Google’s chief technologist, receives ₹300 crore offer

Google has named Prabhakar Raghavan, a distinguished IIT Madras alumnus, as its new Chief Technologist. In a major career leap, Raghavan has accepted an impressive ₹300 crore offer, marking a high point in his career of over two decades.

Entire board walks out as 23andMe's CEO Anne Wojcicki stands firm amid turmoil

In a surprising turn of events, the entire board of directors at 23andMe, a DNA testing company based in San Francisco, resigned in September after a contentious month-long dispute regarding co-founder and CEO Anne Wojcicki's plans to take the company private. Following the mass resignations, Wojcicki, who holds 49.75% of the voting rights, is now the sole board member of the company.

 

Meta lays off staff at WhatsApp, Instagram to align with 'strategic goals'

Washington: Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals”.

 

Noel Tata steps in to fill huge shoes of late Ratan Tata
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