Founded in 2019, Glean is an enterprise AI search company that doubled its valuation from $2.2 billion to $4.6 billion by raising over $260 million in a Series E fundraising round. This…
Category: Market
Russian Operatives Accused of Funding U.S. Media for Pro-Kremlin Narratives
On Wednesday, U.S. prosecutors charged two Russian nationals with funneling millions of dollars into an American media company to promote pro-Kremlin narratives. The indictment, revealed by the Southern District of New York,…
Stock Market Crash in Sight? U.S. Economic Data Fuels Worries
The fear of a looming recession has gripped the US markets, sparking concerns among investors and financial experts. Recent economic data is painting a bleak picture, showing a gradual decline in key…
Bolsonaro’s Supporters Rally Against X Ban on Brazil’s Independence Day
On Brazil’s Independence Day, São Paulo became the stage for a large demonstration by supporters of former President Jair Bolsonaro. The rally, which saw thousands of people taking to Avenida Paulista, was…
Weekly Business Updates: From 24Seven acquisition to delayed Infosys hiring
1. The New Shop Acquires 24Seven: Godfrey Phillips India (GPI) has taken a bold step by signing a term sheet with The New Shop for the sale of its retail chain, 24Seven….
Junior Swiggy employee embezzled Rs. 326.76 Mn from the firm: Swiggy Annual Report
With its anticipated Initial Public Offering (IPO) later this year, Swiggy, one of the biggest food delivery services in India, is preparing for a momentous occasion. According to the company’s annual report…
Swiggy revenue goes up by 36% to $1.36 Bn, net loss decreases to $283 Mn in FY24
The fast meal delivery and rapid commerce industries in India are still being shaped by the fight between Swiggy and Zomato. For FY24, both businesses revealed noteworthy financial achievements, showcasing different approaches…
Latest Updates on Brazil’s Ban of Elon Musk’s X Platform – What You Need to Know
Elon Musk, the CEO of Tesla, SpaceX, and owner of X (formerly known as Twitter), has been making headlines for years with his ventures. However, in a surprising turn of events, his…
ICICI Bank and Madhabi Buch: Understanding the Controversy Over Salary and Retiral Benefits
The ongoing controversy surrounding Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI), and ICICI Bank has sparked significant debate. The core of the issue revolves around the…
Banks Following Layoff Race: Goldman Sachs Plans to Cut Nearly 1,800 Jobs
In a move that mirrors the current trend among major banks, Goldman Sachs is preparing to cut nearly 1,800 jobs as part of its annual review process. This decision, reported by The…