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BYJU’s Trims Costs, Vacates 4 Lakh Sq Ft Bengaluru Office Space

BYJU'S vacated a 400,000 square feet property at Prestige Tech Park in Bengaluru to trim expenses. The rental agreement for the property was terminated, adjusting the deposit to offset rent defaults. BYJU'S had been paying a monthly rental of approximately INR 4 Cr for the office...

CashKaro Narrows Its Loss 25% YoY In FY23, Crosses INR 250 Cr Revenue Mark

CashKaro, a coupons and cashback app, reported a 15% YoY increase in operating revenue to INR 248.6 Cr in FY23, driven by e-voucher sales. Total expenses rose 13% YoY to INR 262.8 Cr in FY23, with e-voucher purchases being a new expense head. Cashback spending was...

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US GDP exceeds expectations with 3.3% growth in Q4

The US economy exceeded expectations in Q4 2023, posting a GDP growth of 3.3%,...

Apple bids to pay $1 billion in UK lawsuit over app store fees

Apple is seeking to dismiss a mass lawsuit valued at around $1 billion, brought...

Supreme Court declines to hear Apple-Epic antitrust case

The Supreme Court rejected appeals from both Apple and Epic Games regarding an antitrust...

China’s exports decline for first time since 2016

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Global trade drops 1.3% on Red Sea attacks

Global trade decreased by 1.3% from November to December 2023 due to militant attacks...

Microsoft’s OpenAI ties face EU merger investigation

European Union probing Microsoft's $13 billion OpenAI investment for potential merger rule violations. UK's Competition...

China’s invasion of Taiwan will cost around $10 trn, nearly 10% of global GDP

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Saudi Arabia cut oil prices to counter MiddleEast conflict

Oil prices fell by over 2% due to Saudi Arabia's substantial price cuts and...

Freight rates have 2x due to Red Sea disruptions : Govt Official

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Apple iPhone sales in China fall 30% in first week of 2024

Apple's iPhone sales in China dropped by 30% in the first week of 2024. Despite...

Supermarket chains remove PepsiCo products from store shelves after Price hikes

European supermarket chain Carrefour is removing PepsiCo products from its shelves due to what...

India probes DHL, FedEx, UPS for alleged antitrust practices, price collusion

India's Competition Commission (CCI) is investigating global delivery companies like DHL, FedEx, and UPS...

Latest articles

BYJU’s Trims Costs, Vacates 4 Lakh Sq Ft Bengaluru Office Space

BYJU'S vacated a 400,000 square feet property at Prestige Tech Park in Bengaluru to...

CashKaro Narrows Its Loss 25% YoY In FY23, Crosses INR 250 Cr Revenue Mark

CashKaro, a coupons and cashback app, reported a 15% YoY increase in operating revenue...

China mortgage rate cuts, to support the struggling property market

China announced its largest-ever reduction in the benchmark mortgage rate, cutting the five-year loan...

Zee, Sony in discussions to save the called off $10 billion merger

Zee Entertainment Enterprises (ZEEL) and Sony Group are in talks to revive their $10...