US-based global investment giant, General Atlantic, has valued the popular social media platform, TikTok’s parent company, Bytedance, at $550 billion as the company is now looking to sell equity stake owned in the Chinese firm, reported the news agency Reuters, citing people aware of the development. General Atlantic’s stake sale of ByteDance marks the first … Read more
Vivriti Group, led by Vineet Sukumar, announced on Tuesday the creation of a new operating and holding company to house its lending and private credit business under a unified platform, to extend beyond its core offerings with the founder infusing ₹200 crore in fresh capital. Vivriti Group, led by Vineet Sukumar, announced a new unified … Read more
Federal Express has filed suit against the United States government seeking a “full refund” of tariffs imposed under President Donald Trump’s emergency economic powers, days after the Supreme Court ruled those levies unlawful. The case, lodged at the US Court of International Trade, marks the first major corporate effort to reclaim duties paid under a … Read more
A routine account-closure request from a Haryana government department has triggered one of the most serious fraud investigations ever reported by IDFC First Bank. The case relates to a single bank branch in Chandigarh. The alert came when a Haryana department asked the bank to shut its account and transfer the funds elsewhere. While processing … Read more
As of this year, Peak XV manages over $10 billion in assets under management with over 450 companies across financial services and fintech, software and AI, and consumer internet, spanning early to growth-stage investments. The firm has also begun investing globally, entering Singapore, the US, Australia, Middle East, Indonesia, Turkey, Japan, Taiwan, and Europe. Source … Read more
Judge refers to tariffs imposed on India for buying Russian oil in dissenting note As the U.S. Supreme Court on Friday struck down President Donald Trump’s sweeping tariffs, Justice Brett Kavanaugh referred to the tariffs imposed on India for Russian oil purchases in his dissenting opinion. Mr. Trump had imposed 25% reciprocal tariffs on India … Read more
Thousands of US businesses scored a major victory after the US Supreme Court struck down emergency tariffs imposed by President Donald Trump. However, while companies welcomed the decision, the process of getting refunds worth billions of dollars is expected to be slow and complex.In a landmark ruling with global economic implications, the court said Trump … Read more
Since the start of the ongoing financial year in April 2025, founder Bhavish Aggarwal and the maker of S1 Pro have changed their stance on the capacity of the company’s gigafactory, the number of sales it needs each month to break even, revenue guidance, and the strength of its distribution network. The inconsistent outlook and … Read more
The declaration came about nine months after the JSW Group had entered the automobile business after forming a joint venture with China-based SAIC Motor, which now owns the British-origin MG brand of vehicles. Jindal’s intention of doubling down on the automobile business will culminate in India getting its first new homegrown carmaker this millennium. But … Read more