Company classifies it’s business into four segments – eSports, Gamified Early Learning, Freemium Gaming and Real Money Gaming (RMG). As of now about 80% of company’s business is accounted for by first two and RMG is insignificant at about 2-3%. It’s a stated expectation of the Company that over years, it expects the business to … Read more
Freshworks Inc., one of the country’s best-known software product startups, has kickstarted the process for an initial public offering (IPO) in the United States, buoyed by a surge in customer signups and revenue in recent months. On Friday, the San Mateo-based startup, which was founded in Chennai, filed its application with the US Securities and … Read more
After injectables and oral solid drugs, now pharmaceutical firms are focusing on coming up with re-purposed inhalation products for Covid-19. While drug major Lupin is working on a remdesivir powder for inhalation, Mumbai-based Glenmark has tied up with a Canadian Biotech firm for Nitric Oxide nasal spray that reduces Sars-CoV-2 viral load and thus transmission. … Read more
When Steve Jobs resigned as Apple CEO in August 2011, it marked the end of an epic 15-year burst of creative and commercial energy. Jobs’ successor, Tim Cook, was a skilled operator with no evidence of product vision. Even the most bullish Apple fans would not have imagined what’s happened since Cook took over. See … Read more
Warren Buffett has underlined how lucky he is by pointing to Afghanistan. The investor won the “ovarian lottery” by being born in the US, where his skills are rewarded. Buffett has also invoked Afghanistan to highlight inequality and push for higher taxes. See more stories on Insider’s business page. Warren Buffett’s talent for spotting undervalued … Read more
SEBI had previously kept IPO on hold in June 2021 due to some pending enquiry against the Wadia Group that owns 73.33% of the Company. Key points to note – The Company can now go ahead and file the final prospectus. Roadshows can happen to gauge investor interest. The Company aims to raise Rs 1,500 … Read more
The Directorate General of Civil Aviation (DGCA) on Thursday allowed Boeing 737 Max to fly in Indian airspace again, after carrying out the required safety modifications. The Boeing 737 Max planes were grounded globally in March 2019 after two crashes within 5 months. Recently, these planes were allowed to fly again by regulators of different … Read more