Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence. The cuts are the latest tied to AI in the software sector as companies race to automate work and reshape products around the technology while trying to … Read more
The entire primary investment was led by Jongsong Investments, while promoters Sathishkumar T. and Anitha S. sold 89,43,903 equity shares at ₹139.76 a share, aggregating roughly ₹125 crore, as part of a secondary transaction. Source link
Renowned industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla, have acquired a majority stake in Rajasthan Royals with a bid of $1.65 billion (approximately ₹15,600 crore) after the Kal Somani–Rob Walton–Sheila Ford Hamp consortium pulled out of the race. The transaction consideration ($1.65 billion) represents the enterprise value of Rajasthan … Read more
Greg Abel didn’t take long to address the elephant in the room. In his first few minutes addressing Berkshire Hathaway Inc. shareholders on Saturday — the first annual meeting without Warren Buffett leading the festivities — Abel took investors back to one year earlier, when Buffett shocked the room and anointed him as its next … Read more
At the first Berkshire Hathaway annual shareholder meeting led by new CEO Greg Abel, the spotlight turned back over to the company’s chairman Warren Buffett and, surprisingly, Tim Cook. Buffett looked to be fully embracing retirement as the legendary investor sat in the front row wearing a blue coloured sweater instead of his usual suit. … Read more
A Chinese court ruled that companies cannot terminate employees just to replace them with artificial intelligence systems, as authorities juggle the need to stabilise the domestic labour market with a global race to develop AI technologies.The court decided that a tech firm in eastern China had illegally fired one of its workers after he refused … Read more
Proxy advisory firm InGovern Research Services said on Friday that the Reserve Bank of India (RBI) should reject Tata Sons’ application to give up its registration as a core investment company. It said the regulatory landscape had shifted significantly, and there was no remaining legal basis to provide an exemption to an entity of this … Read more
Passenger car sales continued to gain momentum in April 2026, backed by the velocity created by the September cut in GST rates. Most automobile companies reported a double-digit growth and less inventory, indicating sustained demand despite the West Asia conflict. Maruti Suzuki India Ltd., the country’s biggest passenger car maker, sold a total of 239,646 … Read more
The startup incubator, part of the Indian Institute of Management-Ahmedabad (IIM-A), is barred from raising funds from institutional investors due to regulations governing educational institutions’ involvement in commercial, for-profit activities. As a result, IIMA Ventures doesn’t operate a fund, and instead invests through its balance sheet. The firm, which invests in pre-seed and seed-stage companies, … Read more