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Food chain Wow! Momo raises Rs 70 crore from Z3Partners

Apr 17, 2024

New Delhi, April 17 (IANS) Quick-service restaurant (QSR) chain Wow! Momo, on Wednesday, said it has raised Rs 70 crore from Z3Partners, which is as an extension to its latest round of fundraise.The round builds upon the previous funding of Rs 350 crore from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia.Wow! Momo runs three brands…

LightFury Games raises $8.5 mn to make high-end titles in India

Apr 17, 2024

New Delhi, April 17 (IANS) Gaming startup LightFury Games on Wednesday said it has secured $8.5 million in its maiden fundraising round led by Blume Ventures and other key investors.The startup added that it will use the funds to build AAA…

Business

UP now has the most GI-tagged items in the country

Apr 17, 2024

Varanasi, April 17 (IANS) Six more products from Uttar Pradesh have been given the Geographical Indication (GI) tag.These include the famous ‘Tirangi Barfi’ of Kashi, a tricoloured sweet that was sold to prove a point by freedom fighters…

Business

CBDT signs record 125 pacts to ease tax payments by big multinational firms

Apr 17, 2024

New Delhi, April 16 (IANS) Central Board of Direct Taxes (CBDT) has entered into a record number of 125 Advance Pricing Agreements (APAs) in 2023-24 with taxpayers as part of the government’s policy to promote ease of doing business,…

Business

Paytm clarifies licensing process status amid speculations, says govt champions fintech

Apr 16, 2024

New Delhi, April 16 (IANS) Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary…

Business

UNCTAD forecasts India’s GDP growth at 6.5 pc in 2024

Apr 16, 2024

New Delhi, April 16 (IANS) The latest UN Conference on Trade and Development (UNCTAD) report released on Tuesday forecasts global economic growth at 2.6 per cent in 2024 barely above the 2.5 per cent threshold commonly associated with a…

Business

Dragged by weak global cues, domestic equities extend their decline

Apr 16, 2024

Mumbai, April 16 (IANS) The Sensex was down 456.10 points, or 0.62 per cent, at 72,943.68 on Tuesday, while the Nifty closed at 22,147.90, down 124.60 points, or 0.56 per cent.The domestic market sustained its consolidation trend for the…

Business

Mahindra launches Bolero Neo+, starting at ₹ 11.39 Lakh

Apr 16, 2024

Mahindra & Mahindra Ltd., India's leading SUV manufacturer, today unveiled the Bolero Neo+ 9-seater, offered in two variants

Business

Tesla layoffs reminder of Twitter sackings, some departments lose 20 per cent staff

Apr 16, 2024

New Delhi, April 16 (IANS) In a stark reminder of Twitter (now X) layoffs in 2022 when Elon Musk sacked about 80 per cent of the staff (nearly 7,500 people) after acquiring the social media platform, several high-performers have been asked…

Business

Zomato introduces ‘large order fleet’ for gatherings of up to 50 people

Apr 16, 2024

New Delhi, April 16 (IANS) Online food delivery platform Zomato on Tuesday introduced a ‘large order fleet’ to serve orders for a gathering of up to 50 people.Zomato Co-founder and CEO Deepinder Goyal made the announcement on the social…

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