Paytm posts first net income after selling assets to Zomato
Paytm reported its first-ever net income, helped by a gain from the sale of its events business as the Indian fintech pioneer fights to rebound from regulatory setbacks.The company, which trades as One 97 Communications Ltd., reported net income of 9.3 billion rupees ($111 million) in the quarter through September,
Prosus eyes more IPOs in India portfolio
MUMBAI: Even after its failed bet on Byju’s, which was once India’s most valued startup, Dutch technology investor Prosus remains bullish on the country’s market.The company will continue to invest in India and remains excited about the country’s prospects, Fabricio Bloisi, CEO at Prosus and Naspers, said. Prosus, which is
Bruce Ames, 95, Dies; Biochemist Discovered Test for Toxic Chemicals
The Ames Test offered a fast and inexpensive way to identify carcinogens, leading to the banning of chemicals linked to cancer and birth defects. Source link
Perplexity AI seeks $8 billion valuation in new round, WSJ says
Artificial intelligence search company Perplexity AI has started fundraising talks in which it aims to more than double its valuation to $8 billion or more, the Wall Street Journal reported Sunday.Perplexity has told investors it hopes to raise about $500 million in the new funding round, the Journal said, citing
Ward Christensen, Early Visionary of Social Media, Dies at 78
Housebound during a 1978 blizzard, he and a friend began devising the first computer bulletin board, a forerunner of online services like Reddit, TikTok and Facebook. Source link
Olivia Nuzzi and New York Magazine Part Ways After RFK Jr. Relationship
Ms. Nuzzi, a political writer for the magazine, had been on leave since she disclosed a personal relationship with Robert F. Kennedy Jr. last month. Source link
UltraTech Cement Q2 profit at Rs 825.18 crore
NEW DELHI: UltraTech Cement Ltd on Monday reported a consolidated net profit of Rs 825.18 crore for the September quarter. The leading cement maker posted a consolidated net profit of Rs 1,280.38 crore in the July-September period a year ago, the Aditya Birla group flagship firm said in a regulatory
PPF: How to open a Public Provident Fund account – check simple steps, documents required, interest rate & more
Any resident of India is eligible to open a PPF account. (AI image) How to open a PPF account: The Public Provident Fund (PPF) is a government-backed savings scheme that is widely favored by investors for building a corpus over an extended period. It provides tax advantages, assured returns, and
Disney Names James Gorman Chairman, Sets ‘Early 2026’ for C.E.O. Change
In a board shake-up, James Gorman, a director in charge of planning for a successor to the chief executive, Robert A. Iger, will become chairman on Jan. 2, 2025. Source link
Meet David Hoffmann, the Florida Billionaire Buying Up Print Newspapers
David Hoffmann has already bought 5 percent of one of America’s largest newspaper companies. Now, he wants to control the whole thing. Source link